Author: Jay Rigler

Category: Uncategorized

Regular price: $6.49

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Deal starts: July 15, 2019

Deal ends: July 15, 2019


Practically Independent: Practical Advice to Become Financially Independent is a no-nonsense guide to help you take control of your finances, full of practical advice that you can use to immediately improve your finances. The book outlines the strategy I have used to escape living paycheck-to-paycheck, lower the cost of my debt, get paid for having money, and protect what I have built.Inside the book are tools, tips, and guides to help you manage cash, manage credit, manage investments, and manage risk.If you are looking for a get-rich-quick scheme, this book is not for you. On the other hand, if you are looking for a practical approach to take control of your finances with real-world advice that you can start implementing today, then this is the book for you.The entire strategy to take control of your finances is in the book Practically Independent: Practical Advice to Become Financially Independent, available in both Paperback and eBook editions.Practical advice to become financially independent broken down into four steps.1. Managing Cash: Being trapped living paycheck-to-paycheck is absolutely awful. Find out how to break the cycle by treating personal finances like a small business. Nobody likes budgets, and any personal financial advice that starts with "create an in-depth budget" is the worst. This approach does not require building a budget for groceries, lattes, or anything else! Instead, separate income from expenses and watch your savings grow.2. Managing Credit: The interest rate you pay when you borrow money depends significantly on your credit report and your credit score. This book outlines a specific strategy to build a credit report with a step-by-step checklist to build your FICO score and lower the cost of borrowing money.3. Managing Investments: Investing is not gambling. If your strategy leaves you hoping that markets go up and scared that they will go down, then you are gambling. Instead, learn how to build a strategy that works when the market goes up and when it goes down. You can build a portfolio that systematically and regularly pays you for having money. A strategy that will actually pay you more as you get older and further into retirement.4. Managing Risk: When you have built up your savings, your credit, and your investments, then you have a lot to lose if something unexpected happens. To protect what you have built, it is important to have three kinds of insurance: Health, Property, and Life. But, what kind, how much, and for how long? This book has an approach to help you decide how much insurance is enough.About the author - Jay Rigler has a BA and an MA in economics, and his career has included personal financial advising, risk management at a major credit card, and analytics for a top tier advertising agency. Here is an excerpt from the About Me section of the book:"In 2010, after two years at the advertising agency, I was thoughtfully living the financial life you are going to learn about if you read through the rest of this book. I decided that I was not going to let my spending increase with my income. I had separated my income from my spending. I was building my credit while reducing my debt. I was getting paid for having money. I was running my personal finances like a small business."In the middle of 2014, I was able to shift my career again. I set up an online business, replaced my main income with my side hustle, and was able to leave the rat race behind. I'm not going to go into how I set up my side hustle in this book. That is a very specific path that is not right for everyone. In this book, I want to focus on financial advice and tools that are right for everyone. I want to share my practical tips to become financially independent. I am going to focus on tips that will work whether you earn a salary, an hourly wage, commissions, or are self-employed."