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by Valentina Palermo V. (Author)
Are you tired of working all day and not seeing the results you want? Have you been working at a job that's not fulfilling yet you seem to be going nowhere near the life you want? People think that someday they'll be in a better position than they're right now but they're not committed to putting in the work it requires to get them out of the position they're in. Maybe you're in buried in debt and sinking further into it everyday or maybe you've been enlightened and you're aware there's another way of living that doesn't require you to buy the mandatory new car fresh out of college and a house when you get married. You have noticed that material items will not fulfill your needs and that it doesn't make sense to buy new stuff every single month apart from the essentials. These new items you get aren't increasing your happiness and this is confusing because it's showcased everywhere that in order to be happy you need to buy a car, house, boat and designer items. You've realized that time is more valuable than money but money is still important because it allows you to live with the freedom you deserve to live and pursue your dreams while staying loyal to your true calling. Your relationship with money is extremely important because even if you can earn a high income, it doesn't matter if you have no money management skills, all of it will pass through your accounts like sand through your fingers. It will end up going towards buying unfulfilling purchases such as a third motorcycle which you rarely use due to the lack of time you experience because your work demands a huge chunk of your time on a daily basis. Meaning you also end up lacking time to spend with your family and loved ones. A minimalist budget aims to reduce the amount of places your money is going towards and to optimize it as much as possible. If it's not something you need, not helping you become a better person or be happier, then it's an expense you could possibly avoid. Streamlining is a way to erase mental clutter when it comes to budgeting. Budgeting as an activity can be fun but some people perceive it as restrictive. Instead of thinking of it as a way of restricting the money you earn, think of it as a process that's going to give you freedom by reducing your ties and obligations as well as time spent on unproductive activities.Of course, reducing your spending isn't as fun as increasing your income, so you'll also learn the best ways I've used to start making passive income on the side while doing something you love and you're passionate about.You might notice I use many terms that are mostly seen when dealing with businesses and finance, this is because I believe that your personal finances should be managed similarly to how you'd manage a business. Think about it, if your business is not making enough revenue to cover the costs, there's something wrong that should be changed in order for it to become profitable again. The same principles must be followed when managing your personal finances and the main concepts should be learned in order to become financially literate. Sadly, most people are financially illiterate and end up spending more than they make, putting them in a dangerous situation and affecting their long term happiness.The whole point of this book is to be as simple as possible so that you can easily understand all the concepts and find the right ways to implement them in your life.
