Summary of Kumiko Love's My Money My Way

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 Some couples fight about money, but my ex-husband and I didn’t talk about it at all. We were completely clueless about our finances, and we had no clear purpose or bigger ambitions. We were constantly struggling to manage our money.
#2 When I was divorced, I felt heart-clenching failure. I had stripped away everything my son had known: a backyard, his own bedroom, his toys, and the swing set. I was in a constant panic about how my son was handling the new changes.
#3 Budgeting isn’t about money. It’s about you. It’s about figuring out what you want from your money, and then using it to pursue those goals.
#4 Budgeting forces you to think about your finances in a different way because it requires you to decide what you want to accomplish with your money beyond simply paying the bills. You must define what success feels and looks like in your own life, and address the underlying issues that are causing your out-of-control spending.

Sujets

• Maison
• Finances domestiques
• Budgeting
• Personal finance

Informations

• Publié par: Everest Media LLC
• Date de parution: 19 mars 2022
• Nombre de lectures: 0
• EAN13: 9781669354352
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Kumiko Love's My Money My Way
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12 Insights from Chapter 13
Insights from Chapter 1

#1

Some couples fight about money, but my ex-husband and I didn’t talk about it at all. We were completely clueless about our finances, and we had no clear purpose or bigger ambitions. We were constantly struggling to manage our money.

#2

When I was divorced, I felt heart-clenching failure. I had stripped away everything my son had known: a backyard, his own bedroom, his toys, and the swing set. I was in a constant panic about how my son was handling the new changes.

#3

Budgeting isn’t about money. It’s about you. It’s about figuring out what you want from your money, and then using it to pursue those goals.

#4

Budgeting forces you to think about your finances in a different way because it requires you to decide what you want to accomplish with your money beyond simply paying the bills. You must define what success feels and looks like in your own life, and address the underlying issues that are causing your out-of-control spending.

#5

Life, not money, is what’s important. You can have options rather than having a set amount of money. Spending time with your kids, giving back to your family, and making unforgettable memories are all things that can be accomplished with a small budget.
Insights from Chapter 2

#1

The trauma you experience during your childhood can affect the way you think about money and your financial security. You may expect life to be difficult, and that can erode your conviction and your happiness.

#2

The Budget Mom Family member Ashley struggled with anxiety and scarcity thinking all her life. When she became a mom, she was tasked with worrying about not only herself but also the four little lives she was responsible for. As a result, she developed a new view on debt.

#3

Ashley began to build an emergency fund. Once that was fully funded, she began paying down her credit cards, starting with the ones with the smallest balances. Instead of thinking about scarcity, Ashley began thinking about boundaries and limits. She began to feel like she had enough money for the first time in a long time.

#4

Ashley began her journey by paying off more debt, but she also found her purpose: to be more present for herself and her family. She felt like a better mom than any Dunkin’ Donuts donut ever could.

#5

Money alone does not make you wealthy. You can have as much money as you want and still not be happy if you can't manage it well. Managing your money well allows you to use it to support what matters to you.

#6

You must put the numbers into perspective. In order to truly take back your financial life, you don’t need to make the numbers work; you need to deal with the deeper question of what adds value to your life.