What's Keeping You Broke?

Auteur

The Simple Sum is a purpose-driven financial literacy platform that empowers young adults to achieve financial independence. Through relatable comics that inject humor into practical advice, we simplify complex financial concepts into easy-to-digest, bite-sized pieces and make learning about money simple, engaging, and educational.

Texte du rabat

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. It includes helpful examples, quizzes, and templates you need to improve your financial literacy, build financial resilience, and ultimately attain financial independence.

This book 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 insights 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 insights on how to create their ideal financial lives with what they presently have.

Contenu

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