Summary of Erik Wecks's How to Manage Your Money When You Don't Have Any

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 Despite the economic problems America is facing, many politicians seem more committed to finger wagging and ideological solutions than taking concrete steps to get out of the mess.
#2 We must understand that we are the ones who have given away much of our financial freedom through the decisions we have made. We wanted what the banks and advertisers sold us, plain and simple. However, we are free to change what we want at any moment in time.
#3 The history of debt is long and complex, and it goes back far before the modern era. In every culture, some human beings have found themselves unable to pay for the necessities of life, and because of this, they have borrowed money and goods to live.
#4 To change your financial situation for the better, you must first understand the values that drive your choices. To do this, spend some time observing your spending habits. Look at the times you use a credit card. What kind of items do you buy on credit. Are they necessities.

Sujets

• Personal finance
• Money management
• Politique

Informations

• Publié par: Everest Media LLC
• Date de parution: 09 mars 2022
• Nombre de lectures: 0
• EAN13: 9781669352136
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Erik Wecks's How to Manage Your Money When You Dont Have Any
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 14 Insights from Chapter 15
Insights from Chapter 1

#1

Despite the economic problems America is facing, many politicians seem more committed to finger wagging and ideological solutions than taking concrete steps to get out of the mess.

#2

We must understand that we are the ones who have given away much of our financial freedom through the decisions we have made. We wanted what the banks and advertisers sold us, plain and simple. However, we are free to change what we want at any moment in time.

#3

The history of debt is long and complex, and it goes back far before the modern era. In every culture, some human beings have found themselves unable to pay for the necessities of life, and because of this, they have borrowed money and goods to live.

#4

To change your financial situation for the better, you must first understand the values that drive your choices. To do this, spend some time observing your spending habits. Look at the times you use a credit card. What kind of items do you buy on credit. Are they necessities.

#5

The American economy is driven by consumer spending, and since 1980, wages have not increased for the average American. The result is that consumers had no extra money to spend, and yet the economy grew nicely for 28 years. The collapse of the credit bubble in 2007 and 2008 caused the economy to collapse, and it has not recovered yet.

#6

I have had a career track record of changing jobs and careers, which makes human resource managers uncomfortable. However, not all of my changes in job and career were by choice. In 2004, I discovered real estate and was happy in that profession for four years. But the pickings were easy, and I struggled to get by.

#7

The fairy tale of becoming wealthy and winning the lottery is no longer a guarantee. The scale of money has simply changed, and it is still the 1 percent versus the 99 percent. The winners’ corner will always have the retort that you just haven’t wanted it badly enough.

#8

I fear that I will fail as a provider for my children. I have struggled with financial issues for many years, and I fear that if I take a below-living-wage job just to keep my house, it will primarily be for their sake.