Personal Finance: How to Invest, Save, and Increase Your Income

Are you tired of living paycheck to paycheck? Many of us spend more money than we make. We know that we have to save money and invest, but we don't do it. If you're in debt like most of us are, you need to come up with a plan and start attacking your debt to ensure that your financial future will be secure. A great way to start attacking your debt problem is to organize and write everything down. Create a budget sheet, and write down all of your monthly expenses and your total monthly income. Cancel ALL subscriptions that you don't need, and subtract your total monthly income to your total monthly expenses. This way you can see EXACTLY how long it will take to pay off your debt. You need to make sacrifices and not eat out at restaurants and shop less on Amazon. If you only have one full-time job, you can increase your income by taking on a second part-time job, and pay off your credit cards or loans even faster.

Throughout this book, you are going to learn:
● Basic foundations of finances
● Reasons why good personal finances fail
● A common-sense approach to personal finance and debt
● The importance of budgeting
● Getting off the paycheck to paycheck cycle
● When to use a personal finance service and how to find them
● Easy ways to protect your personal finances in a recession
● Plus much more!

My suggestion would be to use the snowball effect method. This is when you pay off the credit cards with the lowest balance first. Make sure to PAY YOUR MINIMUM on each credit card, but tackle the card with the lowest amount first. Logically this doesn't make any sense, because you may think it's important to start paying the credit card with the highest interest rates first, but when you're in debt, you need some momentum to help you keep going. When you finish paying your first credit card, it'll give you a huge confidence booster to continue the trend with the other cards.

I would also suggest to not invest in anything until you pay off your debt first. Credit card interest rates can range around 15%-22% or higher which is much higher than any stock market or any investment you can invest in. On average you get a 5%-10% return in stocks, which is lower than the 15%-22% on your high-interest rate credit cards. You will lose money if you don't pay off your debt first before investing.