Entertaining and Easy-to-Understand Guide to Reshape Your Approach to Finances and Live Your Best Life
Financial well-being goes beyond what you earn - What's Keeping You Broke? An Illustrated Guide to Financial Freedom by The Simple Sum helps you uncover the not-so-obvious forces undermining your financial goals. It shares tips on how to better manage your finances and steer your relationship with money in the right direction.
Written in plain language that anyone can understand, this book:
- Provides ways to make your money work for you to help you write a new story about your financial health
- Includes helpful examples, quizzes, and templates you need to improve your financial literacy, build financial resilience, and ultimately attain financial independence.
- Enables you to transform your approach to finances and wealth creation.
If you think simply hoarding cash and "playing it safe" with your money seems effective, then this book will change your perspective on doing that. It also provides enlightening and perspective-shifting psychological insight to help you understand what to do and why it should be done. Fun, inviting, yet practical and highly effective, What's Keeping You Broke? earns a well-deserved spot on the bookshelves of all individuals seeking easy-to-understand expert insight on how to create their ideal financial lives with what they presently have.
Table of Contents
Preface vii
Chapter 1: Keeping Up Is Keeping You Broke 1
Chapter 2: Your Splurge Squad Is Keeping You Broke 23
Appendix: Emergency Fund 37
Chapter 3: Keeping Quiet Is Keeping You Broke 49
Appendix: Sinking Fund 68
Chapter 4: Staying Still Is Keeping You Broke 79
Appendix: Insurance Coverage 100
Chapter 5: Aiming for Perfection Is Keeping You Broke 115
Appendix: Budgeting Essentials 144
Chapter 6: Wasting Your Earnings Is Keeping You Broke 153
Appendix: Budgeting Method - Envelope System 173
Chapter 7: Having No Money Boundaries Is Keeping You Broke 177
Appendix: Budgeting Method - Zero-Based Budgeting 202
Chapter 8: Hoarding Cash Is Keeping You Broke 205
Appendix: Budgeting Method - 50/30/20 243
Chapter 9: Ignoring Debt Is Keeping You Broke 247
Appendix: Budgeting Method - Pay Yourself First 264
Chapter 10: Not Understanding Credit Is Keeping You Broke 267
Appendix: Budgeting Method - Cash-Only Budgeting 295
Chapter 11: Fearing Investing Is Keeping You Broke 301
Appendix: Investing Key Terms 326
Chapter 12: Misunderstanding Money Is Keeping You Broke 331
Appendix: Money Mindset Makeover 352
Chapter 13: Unhealthy Money Habits Are Keeping You Broke 369
Chapter 14: Lacking a Financial Road Map Is Keeping You Broke 399
Chapter 15: Unpreparedness Is Keeping You Broke 429
Conclusion 443
Index 445
