"Join TikTok star Michela Allocca (@BreakYourBudget) for a crash course in everything personal finance. With real-life examples and colorful art, this book unlocks the fun of money fundamentals. Michela Allocca had an epiphany when she was working at her first job: even those working in finance can have no idea how to budget, invest, and spend on a personal level! By the time she reached her mid-20s, she had a new mission: helping any young person who wanted advice with the ""scary,"" aka often misunderstood, world of personal finance. In Own Your Money, Michela shares all the tools she used to manage, save, invest, and set a routine that enabled her to save hundreds of thousands of dollars in less than a decade of professional-and freelance-work. You'll find chapters that address:
Budgeting: Don't make it a dreaded B-word! Learn about various strategies including 50/30/20, zero-based, and 3-bucket budgets. How to save: It's all about SMART (specific, measurable, achievable, relevant, and time-bound). How to spend money: That's right, a plan for spending is important too! With a quick analysis of values and priorities, you can spend without feeling guilt-yes, even on those fancy coffees. Investing: Learn the difference between 401ks and IRAs, investment types from index funds to target date funds, and relate it all back to core concepts in investing (like diversification). Jobs and careers: If your dream job doesn't exist, join the club! Learn how to find satisfaction through the tasks you want to do, networking, and career pivots. Increase your earning potential: Set yourself up for a raise/promotion, negotiate a job offer, and figure out if a side hustle is right for you.
With colorful illustrations, helpful charts and graphics, and spreadsheets to help you plan your own path, this is a book that's meant to partner with you on your own journey and financial goals!"
By:
Michela Allocca
Imprint: Fair Winds Press
Country of Publication: United States
Dimensions:
Height: 203mm,
Width: 127mm,
Weight: 318g
ISBN: 9780760381120
ISBN 10: 0760381127
Pages: 176
Publication Date: 11 July 2023
Audience:
General/trade
,
ELT Advanced
Format: Paperback
Publisher's Status: Active
Contents Introduction The Hardest Years of My Life Were the Best Thing That Happened to Me Lesson #1: Once the Bills Start, They Never Stop Lesson #2: If You’re Serious About Saving, You Must Prioritize and Make Sacrifices Lesson #3: Your Life is a Result of Your Choices Lesson #4: You Can Find Happiness Working a 9 to 5 Job Chapter 1: Get Organized, Get Started Pull the Blinds Back: What is Your Financial Situation Right Now? Your Financial Snapshot Phase 1: Laying the Groundwork Phase 2: Assess Your Cash Flow Phase 3: Your Monthly Output Phase 4: The Details Financial Framework for Success Net Worth: The Most Important Measure of Your Finances What is Net Worth? Ways to Increase Your Net Worth The Bottom Line Chapter 2: Budget Is Not a Bad Word Budget Myth-busting Building a Foolproof Budget Step 1: Zero-based Budgeting Step 2: The Three-bucket Budget Step 3: 50/30/20 Budgeting Budgeting Tools Budgeting Spreadsheets Budgeting Apps Chapter 3: How to Set and Reach Your Financial Goals Setting Financial Goals the Right Way SMART Goal-setting Method Specific Goals Measurable Goals Achievable Goals Relevant Goals Timely Goals Incorporate Your Goals into Your Plan Prioritize Your Goals Order of Operations Saving Beyond the Order of Operations Financial Goals Examples Chapter 4: Spend Your Money on Things That Matter Stop Spending Money on Sh*t You Don’t Care About 1. Overspending 2. Treating Your Credit Card Like Free Money 3. Emotional Shopping 4. Lifestyle Inflation 5. Avoidance The Benefits of Conscious Spending 1. You Don’t Have to Focus on Spending Less Money 2. You Can Buy Things You Actually Want 3. You Will Have Money to Fund Your Goals 4. You Will Feel More Financially Confident Chapter 5: Investing? Never Heard of Her Saving Isn’t Enough Compound Interest: The Eighth Wonder of the World Set Yourself Up to Invest Layer 1: Employer 401(k) + Match Layer 2: Individual Retirement Account (IRA) Layer 3: Taxable Investment Account Optimize Your Strategy with Automation Investment Types Stocks: An Individual Flower Mutual Fund: A Fancy Floral Arrangement ETF (Exchange Traded Fund): A Bouquet Bonds: A Gift Card to the Flower Shop Do You Need a Financial Advisor? Chapter 6: Success is Hidden in Your Routines So You Want to Change Your Life? Whip Your Assets Into Shape Financial Routines Weekly Money Review Payday Routine Monthly Money Review Signature Money Management System Money Mapping Money Flow Accountability Plan Financial Self-care Chapter 7: Career Conundrum Your Dream Job Doesn’t Exist What is Your Definition of Success? Task-tracking at Work Track Your Daily and Weekly Responsibilities and the Value-add for Each Implement Monthly Career Reflections Identify and Evaluate Your Accomplishments on a Set Cadence Learning vs. Earning Navigating Career Pivots Phase 1: Determine What You’re Looking For Phase 2: Change With Confidence Chapter 8: Increase Your Earning Potential Asking for a Raise or Promotion Preparation for a Promotion Timing is Everything: Performance Conversations But Wait! What Not to Do Changing Jobs Side Hustles Find Your Side Hustle Balancing a Side Hustle with a 9 to 5 Job Closing Thoughts Live Life Outside the Spreadsheet Don’t Be Afraid to Spend Money to Make Money Say Yes to Life (Thanks to a Financial Plan) What is Financial Success to You? Resources Acknowledgments Index About the Author
Michela Allocca is a Financial Analyst and entrepreneur specializing in Gen Z and Millennial money management. She focuses on instilling sustainable and intentional spending, saving, and budgeting practices into your life so you can reach your 6-figure savings goals. With hundreds of thousands of followers on TikTok and her own set of signature online courses, Michela has successfully built a platform that speaks directly to the growing number of young people who are ready to take their financial power back. Notable brand partners include Refinery29, Truebill, H&R Block, Fundrise, Credit Sesame, and Stash. Find her as @breakyourbudget on social media and at breakyourbudget.com.
