Books
Michael Taillard

Introducing Personal Finance

    temwa93has quotedlast month
    Remember that a budget is a planning tool;
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    when you pay extra attention to your spending behaviours, those behaviours fundamentally change.
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    When doing anything related to financial management, you are actually managing your values.
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    This fundamentally flawed view of budgeting as a list of expenditures not only causes people to be wasteful with their money, but also to miss vital opportunities with which they can improve their income and optimize the value of their assets.
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    Rather than being focused on setting limitations to your expenditures, a well-made budget will provide detailed information about how you distribute your resources and how you can optimize your finances in the future.
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    Budget: A periodic estimation of resource volume and distribution.
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    Financial management actually has very little to do with money – money is just a unit of measurement – financial management is about taking control of your life.
    Natallia Shauchenkahas quoted8 months ago
    Satisficing refers to a person’s propensity to accept what is sufficient, or ‘good enough’.
    Natallia Shauchenkahas quoted8 months ago
    The rule of thumb in managing herd behaviour is this: seek what is rational, not a rationalization
    Ninohas quoted9 months ago
    owed to the owner
    Ninohas quoted9 months ago
    tricked the world into pursuing its own demise
    b8348471051has quotedlast year
    in exchange they are given by someone else a measure of value owed to them which they can then exchange for something else of useful value
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    someone provides goods or services of useful value
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    Money, then, is nothing more than a form of measurement, providing a numerical way to record the amount of value in goods or services that are owed and can be transferred freely between people
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    money gets its value.
    Nastya Zhiboedovahas quoted2 years ago
    seek what is rational, not a rationalization
    Nastya Zhiboedovahas quoted2 years ago
    financial management is about taking control of your life.
    neelsmhas quoted2 years ago
    money. When you buy something, you have voted and said that you agree the
    Yana Bilokinhas quoted3 years ago
    order to reap the benefits
    Yana Bilokinhas quoted3 years ago
    leading to poor execution of financial management
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