THIS WEBSITE---Clean, crisp, straight-talk, no jargon or gobble-de-gook, easy to navigate, valuable information and advice.

BOB ROSEFSKY is one of the nation’s most distinguished authorities on personal finance. A multi-award winning author, broadcaster and educator, he has published 12 books, including his long-running college textbook, “Personal Finance.” (See right column for more details.) His Emmy Award winning college-credit TV series, based on the textbook, was nationally distributed by PBS for over 25 years. He has also won the prestigious national John Hancock Award for Excellence in Financial Journalism.

THE UNIVERSITY OF BOB is an admittedly light-hearted title for a serious subject, but it was chosen because it illustrates Bob’s sense of humor and his light touch on weighty matters, as well as his educational skills. Web technology now allows him to offer his expertise to a much wider audience in a much more efficient way.

THE COURSES

SPEAKING DOLLAR-WISE--These postings will keep you up-to-date and give you valuable action insights into the world of money. Bob has no sponsors and is not beholden to anyone. He tells it like it is, often to the dismay of those who are selling something.

LIFE'S A TRIP is designed to help get you the best values for your travel dollars, and your (ever-increasing) leisure expenses. Bob owes no favors. His opinions are based on real-life experiences, for better or for worse.

ENRICH YOUR RETIREMENT--(Baby Boomers take note!) This course will help you mind your money and nourish your mind. It includes a unique program that can be very personally fulfilling: A SPA FOR YOUR BRAIN.

"WHAT WERE THEY THINKING?"--Whimsical observations of America's foibles, taken from a unique book written by retrospective speculative historian Hubert Hindsight and published in the year 2020.

COMMENTS?
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If you want to go beyond the website you can access Bob Rosefsky’s broader source of expertise--his college textbook, “Personal Finance.” As originally published by John Wiley & Sons, one of the nation’s major textbook publishers, it was sold in hardcover for close to $140--a fearsome price. It was used by by colleges across the country for eight editions and 25 years.

The complete 700 page Eighth Edition is available here for a limited time AT NO CHARGE. The book is written in "plain talk" language and covers virtually all personal financial concerns. Of particular importance are the extra end-of-chapter features which explain how the economy impacts on our lives, plus how to anticipate and solve real-life financial problems, and much more. PLEASE NOTE: Give the pages a few moments to load. Some of the first few pages are blank, owing to the way the book was originally published. The "Quick Click" links and the Update Link (www.wiley...etc.)are no longer operative; they will be replaced in the website's articles. Scroll to the textbook's Table of Contents for a complete look at the subject matter.

Click below to access the book, which is viewable on your monitor but not currently downloadable. The contents of the Eighth Edition, plus the postings on this website, will constitute the Ninth Edition of Personal Finance.



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Sunday, January 27, 2008

DOWN UNDER? STUDY YOUR MAP!

It's summer Down Under, a great escape from the cold.
A huge number of people who want to travel Down Under are, sadly, clueless about how much time they'll need to "do" both Australia and New Zealand. This posting will help you get started with good planning, but what you need most is a map. A good map. With distance scales on it.


"We're going Down Under!" say our dearly naive traveling friends. "We're going to visit New Zealand, from Aukland to Queenstown and all points in between. And then we're going to Australia, and we'll visit Sydney, Melbourne, Perth, Ayers Rock and the Great Barrier Reef. We're allocating two, maybe three weeks, to do it all. Any suggestions?"


Yes, I have a suggestion. Don't do it. Unless you're willing to pay for and experience nothing more than an exhausting siege of vertigo. Australia in three to four weeks? Okay. New Zealand in two to three weeks? Okay also. But the whole area in 15 to 21 days? Save your time and your money. These are wonderful places to visit, and you won't do them, or yourself, justice unless you allow plenty of time. (Consider as an alternate plan separate trips to New Zealand and Australia.)


A Fool-The-Eyes Ad


Part of this problem is due to an advertisement I've seen countless times in Sunday Travel Sections and various magazines. It's an ad for "Down Under" and it shows New Zealand snuggled up real close to Australia, and it looks to be almost the same size. That gives an unmistakeable impression that it's take just a hop, skip and a jump to cover both nations.


The real maps say otherwise. Aukland, in northernmost New Zealand, is over 2,000 miles from Australia's main cities, Sydney and Melbourne. You're looking at a five hour flight across the Tasman Sea, plus another three to six hours getting to and from airports, going through security, waiting to board, collecting baggage, emplaning and deplaning, and so on. That's in both directions! In other words, it's a full travel day---you'll wake up in the morning and go to sleep in the evening having done nothing but travelling.


And, by the way, figure that same three to six hours to and from your hotel bed to your airline seat, and vice versa, on all your flights. That also holds in the U.S.A., which is why if I can drive to any destination in three to four hours, I will do so instead of flying in today's crowded, demanding and uncomfortable airline environment, which is made all the worse by the inanity of security routines and the people who run them.


Australia is as large as the United States, geographically. Sydney to Perth is like New York to San Francisco. Singapore is closer to Perth than Sydney is. Melbourne to Cairns (for the Great Barrier Reef) is like going from New York to Miami, plus another hour or two to drive from the Cairns airport to Port Douglas where you board catamarans for the reef. So, call it New York to Miami, followed by a drive to Key West.


Package Deals vs. Do-it-Yourself


Sure, there are package deals of two and three weeks that hold out the promise of seeing everything Down Under. But after the first 48 hours everything will be a blur. A sleepy blur. A dizzy blur. Los Angeles to Sydney is a 14-15 hour flight, and crossing the International Date Line does weird things to your body clock. And that's just the first day!


Besides, you don't really need a package. (A good travel agent, yes. A "hurry-back-on-the-bus" package tour, no.) Everyone speaks English. You can read all the ads and the signs and the schedules and the menus. Everyone is extraordinarly friendly. You want to mingle and dawdle and stroll and give in to your curiosity at the slightest whim. You don't want to be herded. And a well-planned self-guided trip can be in the same price range as a package tour.


So, please go Down Under. The sooner you go, the longer you'll have lovely memories. But do it when you have done ample planning and have ample time. We'll visit a lot of the Down Under delights in future posts. Meanwhile, study that map.
This article supplements Chapter 3, pages 88-106 in Personal Finance. Access the textbook by clicking on the box in the right column.