I've always been quite level headed when it comes to money. I'm sensible, I try to budget and I do things like meal planning however I never seem to have anything spare left in the bank at the end of each month to try and save anything meaningful for the future.
And I'll be honest, I do worry about money (or lack there of it) I mean I have four daughters and I want to be able to contribute to their futures ie. university, weddings, houses etc. but with the cost of living rising it feels as though I won't be able to give them as much security as I'd like.
As if by fate, I was offered the chance to be a part of the blog tour for The Seven Dollar Millionaire's personal finance book, Happy Ever After: Financial Freedom isn't a Fairytale.
Did you know you can become a millionaire by saving just $7 a day and investing for 7% returns? Probably not, because financial literacy is a subject that's overlooked by the vast majority of schools and universities, despite its importance to every single person on the planet.
Written initially for a teenage daughter and then turned into a course to train migrant workers, Happy Ever After: Financial Freedom Isn't a Fairy Tale focuses on the fundamentals of understanding money, saving and investing, showing how the magic of compound investing can transform tiny initial amounts into genuine wealth. Finally, it shows readers how to achieve the Freedom Formula of 25x your annual spending - that can set you free.
Perfect for anyone who hopes to make their future financially brighter than their present, or help their own children avoid mistakes they made, Happy Ever After has a playful tone, featuring a spoiled princess and talking frog, hand-illustrated to help explain some of the trickier ideas that can help change your life.
Now this book is primarily aimed at older child/young adults however I think the advice within is invaluable for young and old.
Broken down into easy, digestable chapters, they gradually add up to the acronym M.I.S.S.I.O.N which stands for Money, Income, Saving, Spending, Investing, Owning, Now.
The aim of this guide is to reach the 'Freedom Formula', the notion of how much money you personally need to be really be free which according to this plan is 25 x your yearly spending in savings and investments.
When I first read that my initial thought was that will be impossible.
After finishing the book I felt more like that was a possibility in my future.
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