Download or read book Budgeting: A Simple Practical Approach to Making Money (The Limitless Wealth Building Power of the Compound Effect) written by Michael Garey and published by Michael Garey. This book was released on 101-01-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide is your key to unlocking the potential of your financial future, putting you in control of your money and your life. Learn how to create a budget, understand the value of work, and navigate the world of financial opportunities. This guide equips you with practical tools and strategies to avoid common pitfalls and build a solid foundation for prosperity, ensuring you're prepared for any financial situation that comes your way. While these are exciting times, they can also be daunting. With so much to learn and so many new experiences, it’s easy to feel overwhelmed by the responsibility of growing up. Here is a preview of what you will learn… • Tools to easily build a zero sum budget • How to increase your income by having clear financial goals • The in's and out's of building wealth through compounding • How to understand your financial goals in the context of risk/reward investing • How to choose the right mix of bonds, stocks and real estate given your risk profile Additionally, individuals who struggle with poor money management often overlook the importance of saving for emergencies or future expenses. They tend to disregard the need to prioritize saving and instead make impulsive purchases on unnecessary items. This lack of planning leaves them susceptible to unforeseen financial burdens, such as medical expenses or vehicle repairs, which can worsen their financial situation even further.