Discover the secrets of personal finance in this amazing audiobook!
Inside you will find a detailed description of the different methods to save, invest, and manage your money.
Somebody once said that failing to plan is planning to fail. And failing to manage is managing to fail. Just like an untended garden, many important areas of our lives can be very messy, to say the least, without good active management. One of those areas is personal finance. We all have needs and wants, which all require money. Personal finance is the ongoing activity of managing our money so that we can ensure that all our needs - both current and future ones - are met along with as much of our wants as possible.
Most people get by meeting their current needs and leave the future ones to fate. We shouldn't do that. We should prepare for them while we still have time. Personal finance management can go a long way in helping us prepare to meet our future needs, like retirement or our children's college education.
In this audiobook, you will learn about several of the key building blocks of personal finance; cash flow management, saving and investing. I will show you how to achieve positive cash flows as a means to meet both current and future needs. You will learn how to properly save and ways in which to beat inflation through properly investing your money. Finally, you will learn how to properly consider investments based on your objectives, risk tolerance, average expected rates of return, average inflation rate, and timeframe. For this, I will teach you to carefully and wisely evaluate you investment alternatives.
Actively managing your personal finances will enable you to meet your needs, have some for wants, help others, and provide a greater degree of peace of mind. This audiobook was written in a way that can be easily understood using examples from everyday living and is a very good springboard for learning more advanced personal finance to topics.
Here is a preview of what you will learn:
Tools to easily build a zero sum budget
How to increase your income by having clear financial goals
The ins and outs of building wealth through compounding
How to understand your financial goals in the context of risk/reward investing
How to choose the right mix of bonds, stocks, and real estate, given your risk profile