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    Paycheck to Paycheck: How to go from broke to a total boss in personal finance even if you're terrified of numbers
    Paycheck to Paycheck: How to go from broke to a total boss in personal finance even if you're terrified of numbers
    Paycheck to Paycheck: How to go from broke to a total boss in personal finance even if you're terrified of numbers
    Ebook105 pages1 hour

    Paycheck to Paycheck: How to go from broke to a total boss in personal finance even if you're terrified of numbers

    By Zac M. Cruz

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    About this ebook

    Are you okay with not knowing what your financial life will look like in 10 years or more? Does debt make you feel anxious throughout the day and restless when it's time to sleep? Or perhaps you've almost given up and accepted that debt is part of your day-to-day reality? If so, then keep reading..

     

    "If you think nobody cares about you, try missing a couple of payments." - Steven Wright

     

    The reality is that most of the stress and discomfort that people experience every day is largely caused by money woes. It is estimated that in most western countries, up to 80% of people are tied up to some kind of debt. 

     

    Debt can go from being a minor inconvenience to have the potential to ruin lives in a short span of time. It's crucial to know how to navigate it and get out of its vicious cycle as soon as possible.

     

    Most people believe that you are either good at managing your money or you aren't, and take this for granted. However, this couldn't be much further from the truth.

     

    In this book, you'll discover:

    -How to get out of all the debt you've accumulated in record time.

    -How to effortlessly identify which type of spending is causing you the most damage.

    -Learn how to stay on track, even if you make a few slip-ups.

    -How to implement the easiest and most effective budget type based on your current needs (even if you totally hate budgeting).

    -And much more...

     

    Learning how to escape debt and be in control of your money can be easy if you have the right road map. It's not rocket science and you'll wonder why you didn't start sooner. It can also have lots of positive benefits that will spill over into multiple areas of your life.

     

    As with anything money-related, time is your best ally. Start making smart decisions and get quickly out of debt today by scrolling up and clicking the BUY NOW button at the top of this page!

    LanguageEnglish
    PublisherZac M. Cruz
    Release dateOct 9, 2020
    ISBN9781393221845
    Paycheck to Paycheck: How to go from broke to a total boss in personal finance even if you're terrified of numbers

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      Book preview

      Paycheck to Paycheck - Zac M. Cruz

      © Copyright 2019 – Zac M. Cruz- All rights reserved.

      ––––––––

      This document is geared towards providing exact and reliable information in regards to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.

      - From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations.

      In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format.

      ––––––––

      Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.

      The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader.

      Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.

      Respective authors own all copyrights not held by the publisher.

      The information herein is offered for informational purposes solely, and is universal as so. The presentation of the information is without contract or any type of guarantee assurance.

      The trademarks that are used are without any consent, and the publication of the trademark is without permission or backing by the trademark owner.

      All trademarks and brands within this book are for clarifying purposes only and are the owned by the owners themselves, not affiliated with this document.

      Introduction

      It’s no secret—if you want to become financially independent, you need to save. If you wish to quit the rat race, retire well before your peers, or have very little money problems, there is no escaping that you’ll need to become good at saving and investing money; a prerequisite for doing any of these two is that you’re earning more than your cost of living. When the ends don’t meet, not only can’t you save. You’ll even go into the negative, racking up debt.

      Now, I know there have been a lot of things written about financial management. But there’s one glaring fact that most finance resources fail to address, and that’s the fact that the average person just can’t seem to make the most of such advice. Sure, the average person (usually when feeling cornered by their financial responsibilities) can draw up a budget, no matter how complicated, and try to strip away some unnecessary expenses. However, at the end of the day, there’s still more bills and debts to pay, and nothing to save or invest. You can create a full-fledged financial roadmap, but never even get past the first stop because you does not have the resources to do so. You’re still living paycheck-to-paycheck.

      And for the most part, this isn’t your fault. It wouldn’t be an exaggeration to say that fate has forced most paycheck-to-paycheck people in that situation. It’s easy to blame shopping sprees, runaway credit card usage, and the like, but real life is much bleaker—loans and medical expenses are among the most common causes for this kind of lifestyle. If we partner this with a bad economy, an unstable and low-paying job, and across-the-board increases in terms of living expenses, and you have a full picture of the financial rut so many people find themselves in.

      Because this truth is oftentimes being glossed over, those who need financial advice the most don’t get anything that’s relevant for them. Most financial advice out there are put to use mostly by those who have a few spare pennies to begin with. For those of us who don’t... well, it’s a different story.

      It’s like teaching a farmer with no seeds how to till his land and grow a bountiful harvest. They, who don’t have many options to begin with, aren’t being given any more.

      My goal when writing this book was to make it a go-to resource for those in the negative, for those who have no extra, for those trapped in the financial rut. If this is you, then my goal is to get you across the financial gap and have you stay there. I want to help you get your seed, so you can have something to plant. I want to take you to that stage where you can finally make the most use of tools such as saving and investing, which will finally help you get to the point of true financial freedom.

      It starts with the mind

      The first part of this book deals with the myths of a paycheck-to-paycheck lifestyle, and how they can be broken. You would think it’s most practical to start off on a run and throw down a lot of immediately-actionable tips, but I deliberately chose this approach to illustrate an important concept with financial management: it all starts with our mindset when approaching money and debt. I can’t stress this point enough.

      First, one has to get rid of the mental images that restrain him from moving forward and making the small but definitive steps that lead to the ultimate goal of financial freedom. Yes, there are harsh economic realities at play here, but these realities often cast fearsome and unreal shadows that can blind and confuse.

      Here’s a good example. Let’s take the traditional image of a paycheck-to-paycheck earner—underemployed, bill- and debt-laden, no immediate source of financial rescue when things go belly-up. Every payout, he throws in as much money as he can to repaying his loans, but each month, the interest rate balloons slowly but surely. At first glance, he is fighting a losing battle, slipping continuously into further debt, with only the hope of a windfall to save him.

      But that’s the thing—even for a person in this scenario, there is a couple of good options that could instantly eliminate the problem of the ballooning debt (you’ll find out exactly what as we go along). There is also a few things he could do to improve his financial standing, as soon as he has taken care of the runaway interest. In short, there is a way out. It’s not easy, but it is doable.

      Another example—a person living paycheck-to-paycheck who suddenly has to deal with illness. Absent insurance or similar help, one would immediately be driven to taking out a loan to deal with medical expenses. But in his mind, the thought of how he can repay this debt weighs him down. Ultimately, he resigns himself to half a lifetime of paying debts.

      But such resignation is dangerous, because it presupposes one does not have control over how things go moving forward. Sure, it’s a great skill to know how to roll with the punches, but it’s equally important to be able to plan towards the future, even in the face of difficult odds. And as you will see later, if you can muster up the mental strength to work past the pressure, you can save yourself from a lot of headaches down the line.

      Our finances stem first and foremost from our mindset. This is pretty literally true—unlike in the olden days when money was equated with gold or some other standard measure, today’s money is based on a complex set of economic principles that is hardly backed up by real-world values. That aside, if a person can get past the mental shackles that constrain him from making monetary progress, then that’s already a good part of winning the battle.

      A Doable Plan

      That’s not to say that this book deals entirely in theory, however. The mind is one-third of financial victory. The other one-third is having a concrete plan, one that you can follow. In a sense, financial plans are like most diets and most exercise plans.

      You know your life will definitely change for the better if you can follow them to the letter, but there is just an infinite number of reasons why you won’t. The most common reason, however, is that after a few

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