Published: Feb. 22, 2011
Words: 25,135 (approximate)
Language: English
ISBN: 9781458000651

Short description

This is the definitive guide to confident money management; how readers gain clarity on their finances. This brings choice, which gives a sense of prosperity. They learn how to develop a fluid, flexible cashflow plan for their day-to-day money management, increase their savings and decrease their debt, establish a hierarchy of their personal needs, and formulate a vision for their future

Extended description

“Making Friends with Money” is the definitive guide to confident and skilled money management. Readers learn how to determine spending priorities and categorise these in a cashflow plan. They receive detailed guidance how to manage inflows and outflows, how to compare this with planned expenditure and how to identify areas where spending may need to be adjusted.
Readers discover why these are essential prerequisites to achieve clarity over their income and expenditure and for learning to live well within their means and watch these means expand. As their cashflow plan develops it gives them greater clarity on finances and brings more choice, which results in a growing sense of prosperity: Clarity = Choice = Prosperity.
Cashflow planning is a fluid and flexible approach to build wealth when compared with traditional budgeting. It helps readers to identify their real needs and desires and assess their financial position in a fact-finding, non-judgemental way. They quickly benefit .. (Read more) “Making Friends with Money” is the definitive guide to confident and skilled money management. Readers learn how to determine spending priorities and categorise these in a cashflow plan. They receive detailed guidance how to manage inflows and outflows, how to compare this with planned expenditure and how to identify areas where spending may need to be adjusted.
Readers discover why these are essential prerequisites to achieve clarity over their income and expenditure and for learning to live well within their means and watch these means expand. As their cashflow plan develops it gives them greater clarity on finances and brings more choice, which results in a growing sense of prosperity: Clarity = Choice = Prosperity.
Cashflow planning is a fluid and flexible approach to build wealth when compared with traditional budgeting. It helps readers to identify their real needs and desires and assess their financial position in a fact-finding, non-judgemental way. They quickly benefit from being able to increase their savings and decrease their debt. Readers learn the significance of different categories of debt e.g. priority, secure and unsecured, and the steps required to repay it. The clarity provided by their cashflow plan also gives them strength and confidence in dealing with creditors.
Readers discover how to establish a contingency fund to avoid taking on new debt and how to take responsibility for financial decisions be clear about the consequences. They learn how to become innovative in searching out other potential sources of income. Readers are shown how to adopt a balanced approach to dealing with surplus money/windfalls. Dealing with feelings and learning to feel good about money is all part of this process. This concept is reinforced by the introduction of “frivolous” expenditure, or treats, into their cashflow planning.
Readers are shown how to establish a hierarchy of their personal needs and the way to combine this with their cashflow plan. They learn how to:-
• Focus on their future and set goals, not only financial, but those relating to their external and internal environment;
• Use their hierarchy of needs as a basis to formulate a future vision and eradicate negative feelings of aimlessness, annoyance, resentment, fear and anxiety;
• Establish a savings strategy and link it to their cashflow plan to help achieve their vision;
• Allocate surpluses using the prosperity formula.
“Making Friends with Money” gives encouraging real life examples of steps some have successfully taken to realise their visions. It also provides a summary of all the financial records required and how to link them together. There is a final review how applying what readers have learned enables them to put in place the four elements that provide them with everything they need to live prosperously and achieve their vision. No matter what happens in their life “Making Friends with Money” is their own personal finance coach that gives them the ability to maintain clarity and choice to adapt money management to their personal circumstances.
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Tags

finance, budget, budgeting, moneymanagement, cashflow

Available ebook reading formats

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Reviews

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Review by: Simon M Carlin on Feb. 12, 2013 :
This book is truly excellent in that it covers the reasons why people from all walks of life get into money difficulties, without being judgemental. The book is easy to read, with lots of detailed examples, and full of practical and easy to follow advice.
I recommend that anyone who finds they do not have enough month left for their income downloads this book, reads it through a few times, and starts to follow this advice. You will feel much better for it!
(reviewed long after purchase)

Review by: Bonnie Rice on July 12, 2011 :
What I like about this book is that it doesn't start with the assumption that all money troubles stem from a lack of self-discipline and can be solved by going on a strict starvation money diet.

I learned that my own tendency to go the "money diet" route with every dime I earn allocated to bills and nothing left for luxuries like food and cleaning supplies, is not the only way to get out of debt.

I learned that a spending plan has room for everything that is important to me and that knowing how I spend my money gives me power. I still don't enjoy working with a spending plan. I want to be independently wealthy and hire an accountant. Still, I am learning to have a healthier relationship with the money that I have.

Thanks for writing this book.
(reviewed within a week of purchase)

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