Herb Kay
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Personal Finance Expert
Herb Kay Quick Facts
All of this experience inspired Herb to write the New York Times Business Bestseller, How to Get Filthy Stinking Rich and Still Have Time for Great Sex: An Entrepreneur's Guide to Wealth and Happiness. The book was Herb's gateway to a host of television appearances in which he served as an expert on CNBC and FOX, among other networks and shows. He also hosted his own syndicated weekly TV show, "Get Rich Smart."
Herb never finished college but is a Renaissance man, fluent in six languages, including Russian, which is a result of his service in the Navy, working with the National Security Agency. Noted for his blunt, funny, honest, rarely-PC, and always original opinions, Herb makes countless speaking appearances to audiences ranging from trade organizations to university groups, tackling a wide variety of financial, business, and political topics. Herb likes to say his specialty is taking very complicated issues and making them understandable to anyone and everyone. Moreover, Herb thinks knowledge without action is useless, so he always recommends ways to profit from any situation that may arise, good or bad.
Herb lives in Tucson, Arizona and has four great kids. More than anything else he is proud of his role of as a dad. In his free time, he fishes, reads voraciously, travels, and is constantly on the lookout for
Articles by this expert
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Lending and The Federal Reserve: Why Making Banks Rich Again Could be Bad for the Economy
Right now, the most powerful man in the world regarding the US economy is not the President. It is the Chairman of the Federal Reserve, Ben Be anke. It is his board, which he leads and is rarely overridden, that sets monetary policy. What this means is that the Federal Reserve (the Fed) determines things like how much new money is printed and how much it charges banks for that money when it lends it to them. When the Fed lends money to banks it’s called “adding liquidity to the system”.
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Why Small Business Could be the Economy’s Big Indicator for Growth
Unemployment numbers are high, and will likely climb for months if not years to come. If this happens to be news to you, consider your ignorant bliss shattered. For the rest of us who encounter this grim reality head on, the question we face as a nation is how America can continue to have record setting unemployment figures, but be coming out of the worst recession in decades. Shouldn’t the two be showing the same signs of improvement? Or is unemployment simply the case study for a bigger, more powerful issue that often flies below the radar?
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Are You Health Care Aware?
I hate to say it, but sometimes it’s easier to mislead the American public, than it is to educate them. The truth is, the thing that creates confusion about a particular topic and what seems to be the channel for all of our fears and frustrations, is nothing more than the words people use to describe that issue. And now, the subject of Health Care Reform, an incredibly polarizing topic on both sides, seems to have launched a few words into the stratosphere of rhetoric.
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What holds you back? Professionally, Personally and Financially (Hint: They are all related to one another!)
Obstacles. We’ve all got them. Big, small, daunting and often derailing; our fear of the unknown and the excuses we create in order to avoid failure, are why so many really great people end up splashing in their own personal mud puddle! It’s easy to get yourself stuck in a self-depreciating and seemingly uncontrollable pattern (especially at a time like this) because you’re afraid of an unknown response.
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Simple Truths, Simple Lies
“Mad Men”, which if you haven’t seen it, is terrific television (Sundays on AMC) and it walked away with the lion’s share of this year’s Emmy awards. Not to be redundant if you have seen it or to ruin it if you haven’t, the show is about a Madison Avenue Advertising firm in the early 1960s and the drama surrounding its officers, employees, and families in this time of great change. There two things that I love about the show.
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Healthcare Debate's Frivolous Sideshow
Every week, the national health care debate seems to change direction. However, in this seemingly never-ending battle raging on Capitol Hill there is one topic, despite the course, which comes up again and again: Reform. Regulations, protocol, and policy, while all of these may need amending reform itself can be a tricky word (changing the rules, not changing the system). One of the hot reform topics being discussed right now happens to be Tort Reform.
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Healthcare, Anecdotes and The President
Like millions of other Americans, I watched the President deliver his speeches on healthcare before Congress and America, shouting and all. As neither a Democrat nor Republican, I am unfettered by the need to promote some party line or talking points. But I do have an opinion. So here are my impressions: 1.The President does not either accept or understand how markets work. I have seen this in pretty much all of his utterances on business and markets in general.
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Looking for Kid-Friendly Banks? 5 Tips for Choosing the Right Bank for Your Child
**Check Out My ABC News Now Segment on Kids and Banking http://www.herbkaysos.com/HerbKayPress.php My son is 18, just graduated, and is going to college. I got him his first debit card two years ago and I consider this one of the best ways to teach a child about personal finance. The most important features with debit cards are access to ATMs and online banking as well as the charges connected with both. This way he can learn to manage and track his own money. I deposit his weekly allowance into the account and he can then go online, confirm the balance, and plan his expenses accordingly.
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