Money Management to Become Wealthy

By: William Bahl

Narrated by: William Bahl

Length: 1 hr and 27 mins

Publisher's summary

Money management is as important as any business. It is the way those continuous drops of water can become an ocean. Of course, it is like cracking nuts to raise money to start any business up. Nevertheless, the main gig is the proper management of the funds to become wealthy. This demands quite several skills, wisdom, and expertise. As time goes and the company gets more substantial, there might be a need for more professionalism which either you or an expert must take the shoe. Do not worry; this audiobook got you covered on the necessary basics you need.

It is impossible to follow this audiobook carefully and not become wealthy through management. The statistics, information, and other related contents provided in this audiobook are from reliable sources. This audiobook discussed money, how to raise enough of it for business startups, its liquidity in the current business world, management, and how to do it properly. Finally, having gathered enough details from different wealthy businessmen, the audiobook provides necessary information about “The keys to wealth that never change”. Just listen and follow carefully.

©2019 Willian Bahl (P)2020 William Bahl

Buy this! Seriously!

This book gives you the information you need to help you get your finances in order without being soo boring it looses your attention like a lot of books in it's field! I recommend this book to everyone that needs a little help adulting.

Effective Leadership Development is a Process

The goal is to become wealthy. This means you cannot have only one source of income. You must be able to diversify your business ideas and be involved in many of them. Not all businesses will pay well at the same time. Despite having a principal investment, you can implore other business ideas to what you are doing. For example, if you are a fabric industry, you can include dry cleaning as a side hustle. This will provide money that you can spend at the moment while you divert all the money from the central business back into the main business.

The content of this book helped me get ahead in ..

Senior managers such as Chief Executive Officer (CEO), members of a Board of Directors and or a President of an organization. They are in charge of setting the strategic goals of the firm. They also help to make decisions on how the worldwide organization will run and operate its course. A senior manager is generally a professional at the executive level. He provides direction to middle management, who will either directly or indirectly report to him.

Trade by barter lacks transferability.

This makes the system confusing, tiring, and yet, ineffective. As if that is not enough, the problem persists. If after Mr. A has found Mr. B who has apples and would not mind meat in exchange, Mr. A may not see 50 apples as the equivalent to a goat. This makes the whole entire transaction more complicated and both parties must find a solution to it. They can both come into an agreement, which would possibly exchange some parts of the goat for 50 apples. If this is not handled correctly, it will lead to even more harm than good in the long run.

ABC’s. How to master your money

Money management is a big fish, but some men are masters at it. Knowledge is power. Hence, you can get resources that will widen your scope on things to do, approaches to take, and steps to follow.
Pay attention to the resource. Identify which technique is suitable with your business and the ones out of your league. You can combine knowledge with experience and become a pro when it comes to money management.
A proper manager of money cannot help but make you rich. This is just as basic as ABC’s.

Words of wisdom

Even though I prefer a hands-off well diversified portfolio and invest with dollar cost averaging, I think that this instructor presents a good argument for business startups and how to raise enough, its liquidity in the current business world, management, and how to do it properly. I personally do not wish to devote all of my free time to doing that, nor do I want to pay fees for mutual funds, so this is why I go with an index fund approach. This provides necessary information about “The keys to wealth that never change”

Since I'm totally new to stock exchange investment, this course has helped me to gain momentum. Bahl's explanation on the basic terminologies has helped me to easily grace through stock related articles on the internet as well as news media. Aside from the fact that Matt's investment strategy may differ from mine slightly, I enjoyed very much lecture 6 and the emphasis on rational thinking along with Buffett ways of thinking.

I also enjoyed the tie in with headlines and reminded us about herd mentality. Thanks William Bahl!

Godsend!

Good, basic way to get you on a budget. Will have to follow the program for a few days before I can fully comment. The instructor is very good. Clear, no nonsense approach to budgets.

One word SIMPLE!

Amazing course! I've never found such an informed guide to what a consultant does and how to do it. The instructor includes incredibly valuable job application tips as well.

STUDY this book.

For a venture with a dream of a bigger fish, you have no reason to panic. You can still raise sufficient money for more ambitious projects via venture capital funding. All you need is access to angel investors. Angel investors are also known as business angel, angel funder, private investor, informal investor, or seed investor. The angel investor is an affluent individual who supplies capital for a startup. This is often done in exchange for ownership equity or debt that can be converted. Just as the name implies, angel investors, they are there to provide support to start-ups even onset and at the risk of the business failing and obviously becoming high. Also, you can run to an angel investor any day, anytime even when other investors are not ready to provide support for you. We now have an increasing number of angel investors available on the Internet. They are very small but invest online through equity crowd funding. With this equity crowd funding, they are able to organize themselves into angel networks or groups to share investment capital and also provide advice to their portfolio companies. There are many more angel investors out there than they used to be. Venture capital firms also provide professionalism, which is lacking in venture. Such professionalism could be a strategy, legal, or simply marketing knowledge. This is a common occurrence for corporate venture capital because the startup benefits from the corporation. How? The venture can use the corporation’s brand name to gain more ground and improve its influence.

My Money Management Manual.

In factoring, you sell your accounts to a buyer as a commercial finance company. This is to help raise your capital. The factor will buy the receivable account at a discounted rate between 1 and 15 percent. This makes them factor the creditor who collects the receivables as paper chores. Well, factoring allows you to sell your customer’s accounts without notifying them. Factoring has its cons and pros of course. Business experts do not suggest factoring as a quick option in bootstrapping finances. In short, they advise that factoring should be your last resort if you still cannot acquire necessary capital from other sources. Apart from the fact that factoring reduces internal cost, it also frees money that could have been put down as receivables. If your business is one that sells to other companies or the government, factoring will offset long-delayed payment. This would generate more profit for you through other means. With factoring, you can raise money and ensure it has a constant flow.