1     



Alexa Von Tobel

  • American businesswoman
  • Born 1984

Alexa von Tobel (born February 23, 1984) is the founder and CEO of LearnVest.com, a personal finance website. Von Tobel is the author of the New York Times bestseller Financially Fearless, which debuted on December 31, 2013.In April 2014, von Tobel was selected as an inaugural member of the Presidential Ambassadors for Global Entrepreneurship, alongside Steve Case, Reid Hoffman, Tory Burch and others.


Automating some of your finances can be incredibly convenient and is a great way to save time, but automating everything makes it too easy to go on autopilot and forget to pay attention to your personal finances.




When you're at work, it's about being present and getting as much done as humanly possible.




Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.




For many, graduation marks the end of formal student life - the end of long spring breaks and of thinking that a 10 A.M. class is far too early.




Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.




A good financial plan is a road map that shows us exactly how the choices we make today will affect our future.




Flowers make me irrationally happy.




The fact is, women don't like to talk about money, let alone deal with it. Though we're killing it at work, earning more than ever, running our households, and making big-ticket decisions, too many women still worry they'll be judged by what they earn and how they spend it.




My ultimate goal is to create operating systems for myself that allow me to think as little as possible about the silly decisions you can make all day long - like what to eat or where we should meet - so I can focus on making real decisions. Because mental energy is a finite quantity.




Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.




LearnVest provides women with the necessary tools and resources to manage their personal finances; its core mission, to positively contribute to society through education and, ultimately, the promotion of self-sufficient and financially aware women.




I do my workouts in the morning, and often I'll take someone from my team. The person I'm meeting with can pick the class, whether it's a spin or barre class, or going for a power walk. It's hard to run and talk - I haven't mastered that yet.




It is critical that kids start to learn the value of money, short-term and long-term saving and budgeting at an early age.




Bring your kids along next time you go to the grocery store and ask them to help find the price per unit for the general grocery items. By comparing brands and looking for the best prices, kids will get in the habit of looking for deals and understand the value of the dollar.




If you fail to pay your minimums for any debt on time, your credit score will take a major hit and you run the risk of seeing the interest rate on all of your cards go up. An easy way to remind yourself to pay, is to sign up to receive your statements via e-mail.




While I strongly encourage my readers to take advantage of the Internet and social networking platforms to gain a greater understanding of their personal finances, it is extremely important to be safe, smart, and responsible when it comes to sharing, discussing, and managing your finances online.




I started LearnVest with a tiny savings account where I paid designers, technologists, and even bartered... Because I started with paying for things myself with my own savings, it sharpened my focus of how to spend money.




Manage your spending by creating and sticking to a budget.




When I was younger, I used to play mind games in which I'd try to finish tasks in minutes. My favorite was when I would shower, lay out my school clothes, then devour my dinner - in 15 minutes flat.




When you have a lot of money, there's so many places you can go to manage your money. But when you don't have money, mathematically you actually need a financial plan more. You can't really afford to make mistakes. So why is this such a luxury product?




Youthful social media users share their personal lives online, tweeting and posting everything from their relationship status to their current location to their latest purchases. Yet, when it comes to discussing deeper personal finance issues or seeking personal finance advice online, the majority of young adults typically shy away from the web.




The financial advice market presents an impossible conundrum: in order to work with a financial planner, you must have enough money to be of interest. In order to amass enough money, it is critical to work with a financial planner. Most financial plans come with a $1,500-$3,000 price tag - numbers that are simply out of reach for most Americans.




If you're trying to diet, what do you do? You grab your two friends and say, 'We're going to the gym; let's do this together.' Money shouldn't be any different. If you're trying to make progress, if you're trying to save more, we really need to be able to get support.




What's the point of creating a budget if it's not possible to follow through?




We're providing planning to a huge audience who's never had access to financial planners before. This was always my plan for LearnVest. It was in my very first pitch deck.




A financial plan is a way to take all of the money advice you come across and figure out how it applies to your specific financial situation.




This isn't like cancer, where we don't know the solution. Financial planning is math. We have the answers, yet it's this huge cause of stress.




As a new entrepreneur, you need a stake in the game, but you can't risk it all.




Losing your job is terrifying, but being prepared makes it so much easier.




The time to save for the future is now. Thanks to compounding interest, the earlier you start putting money away for the future, the more you will save.




We never intend to lose our jobs, break up with our live-in loves, or face any number of the curveballs life throws our way. But they happen all the same, so have a bailout plan just in case. Sounds corny, but I call this the 'freedom fund' because it gives you the freedom to get out of a jam without climbing into debt.




It's important to have a really clear strategy so when you are in business, you only have to make micro-strategy changes.




As a wife, daughter, friend, and the founder and CEO of LearnVest, my schedule is anything but simple. But I learned early on how meticulously manage my time.




Make the most of online banking to make your life easier and keep your finances organized. Online banking is great because it offers quick, easy, 24-hour access to your checking and savings accounts.




I always encourage people to pay themselves first, so I really advocate setting up direct deposit for your paycheck and establishing an automatic transfer so that part of each paycheck goes straight into your savings account.




Your credit report should be 100% accurate, so make sure everything is entirely correct. If something doesn't look right, dispute it.



1