• Money Management to Become Wealthy

  • By: William Bahl
  • Narrated by: William Bahl
  • Length: 1 hr and 27 mins
  • 4.9 out of 5 stars (45 ratings)

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Money Management to Become Wealthy

By: William Bahl
Narrated by: William Bahl
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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

What listeners say about Money Management to Become Wealthy

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You Are My Hero!

This book is AMAZING!! For years I have been trying to figure out a better way to manage my money and in the first few chapters I have already learned so much. I can't wait to actually put these tips into use and start saving for my future!

I just started learning to invest stock market by following this course. Though I am still on the way, I love it already. The course is very informative, to the point, and easy to follow with clear explanation. And it is free of charge! I'd like to recommend taking the course if you are looking for a brief stock market course to follow.

The way the book is written is easy to follow and understand, everything is explained extremely well and is very relatable. I would recommend this to my siblings in college, my friends, family and even my grandparents. I think anyone can relate to the suggestions and help given in this book.

24 people found this helpful

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The level of detail is extremely satisfying.

Management involves being able to identify the goal, rules, mission, procedures, objective, and manipulation of the human capital of business, so that it can contribute to the success of the company. This means that there must be effective communication: a business environment shows human motivation and by implication, some successful system outcomes or progresses.

By itself, management does not necessarily mean the manipulation of a procedure, not the pastoring or rearing of animals and can take place either in an illegal or legal business environment or enterprise. From a man's point of view, management is not independent and can be seen isolated from an enterprise perspective. The reason behind this is because management is a crucial function which improves one's relationships or even one’s life as a whole.

Management is therefore at every level and it has an enormous array of application. Based on the explanation above, management is impossible without humans. Decisive action and communication are two significant areas of it either through independent or enterprise or pursuit. Plans, motivational psychological tools, measurements, objectives, goals, and economic measures could or could not be necessary parts for the existence of management.

23 people found this helpful

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Inspiring!

Normally I dread anything involving budgets but Bahl's Money Management to Become Wealthy book and course has done a great job in helping me set up a budget and also in making it easy and pain-free. He puts it in laymans terms and without the bore of other budgeting classes. He gives great insider information and asked questions that led me to good self-reflection of our finances. The Winning With Money approach is very doable and I finished each lesson eager to apply it to my personal life. I highly recommend this course and book to anyone seeking to have better control of their money. It would also make a great gift for High school grads, newlyweds or anyone entering a new life phase. I have a very high image of Bahl and hence even though this course is very good. At the same time, I can guarantee you with my own personal experience that the lessons work and work 100%. Bahl truly knows his stuff and the way he explained financial concepts and ideas really helped me get a 360 view of the Financial Markets. I thoroughly enjoyed listening another book from Will Bahl. I found this book to really get me in the right mindset about increasing my income, but surprisingly I found a lot of great reflective material within its lectures that made me consider changes within myself and my outlook on life in general. Chapter 3 was definitely my favorite. A must read for everyone! Looking forward to implementing these techniques. I think Bahl's ideas are extremely practical and won't leave me tied to my computer. I strongly recommend this course to each and every person.

22 people found this helpful

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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.

19 people found this helpful

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Critical Skills You Need Now.

Management is not an ambiguous word even though many people in different sectors have employed this. The word has its true meaning. Anything in this life will become something greater if properly managed, despite its size.
Imagine having raised money through bootstrap or VC funding, and you don't want to lose too much money due to ineffective management. Management is a big deal because it is the very reason for this book. Anyone can raise money; many people have done that. In addition, many companies started strong (capital wise) but are not in the market anymore. The real issue here is management.
However, other companies started so little but are more prominent today. Only proper management of resources and capital could have provided the outcome of success. Squandering is tantamount to ineffective management. The big ocean starts with drops of water. However, if there is no deposition of those little drops, there might not even be a stream. So, what is key to survival? Just one word, management.

18 people found this helpful

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Sassy & Money Savvy

Simply put... this book has changed my life. I am absolutely the person who needs an easy how-to on everything - not because I'm dumb - but because, lets face it, money management can be very overwhelming. Bahl takes all of that way. He is funny. he is direct. He is no nonsense, but also fun! He makes complete sense. But most importantly he makes this easy!

I’m forever indebted to my friend who introduced me to this book! It helped me to realize that I must be diligent so I can quit my job and do what I truly want with my life. I don’t waste my life energy on anything anymore not just jobs but people and things that will waste my most precious resource....my time of which we all know cannot be regained and thus is our most valuable resource of all! Everyone should read and discover your “Enough” enjoy!

I highly recommend for anyone who struggles to get off that month-to-month grind. But I also think this is perfect for high school and college-aged kids starting their credit and financial histories. I am seriously going to make this my go-to gift. Thank you Bahl for this incredible book! I'm hoping for a follow up!

18 people found this helpful

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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.

15 people found this helpful

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When you want to advance your career...

Money is divided into three categories as follows.

M1: This class of funds is about the different kinds of physical denominations with currency and coins. This includes the monitoring of accounts - demand deposits and now accounts – traveler’s checks. This type of money is utilized to make payments during transactions and to buy things. It is also known as “active money”.
M2: This type of money includes all the kinds of money discussed in M1 and all deposits. This money describes any other type of money that can be converted into cash and used to make deals happen.
M3: This is the broadest class of money because it includes M1 and M2. However, it does add to its institutional money market funds, all large time deposits, short-term repurchase agreements, and any other significant liquid assets.

The summation of these three classes will make us arrive at the total money supply of a country. In addition, one could say it refers to the absolute amount of available money in a country’s economy.

12 people found this helpful

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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!

10 people found this helpful

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Happy Holidays!

This course could not have been released at a more perfect time, given the current uncertainties in the business world. W. Bahl has a unique, fun & engaging teaching style, it keeps you involved and interested in the subject.

This course contains a wealth of information, tools, and techniques you can start implementing right away.

I benefited from it immensely and I'm sure I’ll continue to do so in the future.

Give yourself a gift this holiday season and invest in your education. It is the best investment anyone of us could make.

8 people found this helpful

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  • Dewayne
  • 07-02-21

How I'm Using It to Uplevel My Career

The money came in the early 18th centuries and combated all these problems. People could now possess numerous items with specific amounts of money because of the value attached to them. The goods used in trade came with particular features: they are valuable, portable, durable, easily stored, and were widely desired. Plus, gold was introduced to serve as a backup for paper currency. However, gold had worth, which made people want it. This made it even more precious. It was unnecessary because it would not keep you warm at night, feed, or clothed. Many people still saw it as a beautiful piece, and knew many other people shared the same thought. This makes people have the hunger to obtain more gold for one’s self because of its worth it showcased. Based on people’s perception, gold serves as a physical token and wealth is one of its characteristics. Based on the relationship between gold and money, there is an insight as to how the capital gains its value because the association shows that both are items that hold value.

15 people found this helpful

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  • Nicole Dunigan
  • 06-27-21

Making money in the land of opportunity.

A wise saying is that "proper planning prevents poor performance." This statement is very valid because it all starts with planning. This is also called forecasting because you are making plans for things that seem not to substantial yet. However, if those things will eventually be significant and will remain, a lot of effort needs to be dedicated to planning them. In planning, it is wrong to rely on your own wisdom. Get the ideas of people who have already done the same line of business and were/are successful at it. Read their books. If you can, ask them questions. All this will expand your scope of view and make you see beyond your current budget. It is better to plan for something way more significant than your budget. Such that when you finally have the bigger capacity, you will effectively manage it too.

14 people found this helpful

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  • Mary Stirling
  • 06-28-21

Unconventional thinking

Customers are extremely valuable assets that one should take advantage of. There are different approaches to this. To get finances from your customers, you can write a letter of credit to those you know may be able help. For instance, imagine you are a business starting up that makes clothes. However, a big corporation has sought out your services and need a steady flow of clothes. Your major supplier for the raw material is in China. You can place an order and use this as a letter of credit to get assistance from your customers. The message of credit will serve as the security you need to purchase the bags. This means you have not necessarily spent a penny from your pocket but already running something big. This is how your customers can be practical sources of financing.

12 people found this helpful

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  • Janet
  • 07-03-21

Priceless!

Management is the regulation of an organization, which could be a business, a non-profit organization, or even a government body. Management consists of the processes of setting the strategy of a firm and directing the efforts of its employees or volunteers (if any). Management is done to achieve its goals through the use of available resources. The available resources could be financial, technological, natural, or human resources. The word "management" could also be used to refer to those individuals who manage an organization. Well, the truth is that the word management has grown into a professional word. People now take vocational courses in management and hence, it is their profession. However, your business does not need this right now. You cannot afford to pay an expert as a startup. Why?

a. You have no much resource that would require much professionalism.

b. You should look for means to cut expenses and not add to it. Getting an expert is an additional cost.

c. You need to do the management yourself because only you understand best, how you raised the money.

There is no big deal in managing your business. As time grows and your business expands, you will get experts to review things for you.

11 people found this helpful

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  • Allison Barron
  • 07-05-21

Pure Gold

There are numerous ways people have directly approached possessing money in abundance. All this is to ensure that they have what they think is needed to launch something. However, a vital question we may need to ask these men are, what do you see? Are you seeing how wealthy you want to become, which makes you want to make more money? Or will you choose to accept whatever the economy brings your way? This question will be the thrust that will prompt you to make important decisions such as the amount of money you want to raise for a startup. According to the business magnates, we now have different ways you can generate money for a startup. However, you must know these people have different approaches and because it has worked for them, any other method is not ideal. For example, merchant A used approach X and he is now one of the top businessmen in the world. Merchant B used approach Y and he is now one of the top businessmen in the world too. It would be challenging for merchant A to agree that any other approach is better than his X. The same goes for merchant B and his approach Y. Nevertheless, you should see something else. First of all, how rich do you want to be? How much money do you want? Is your appetite limited or vast and “wild” enough for a considerable amount of money for a startup? Only then can you successfully know the most suitable approach for you and how you can follow it. You must also know that becoming rich is not a bed of roses. It of course does not come easily for most, but one needs a lot of responsibility for it. Once you are ready to pay for this task, you are good to go.

8 people found this helpful

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  • Ronal
  • 07-04-21

Solve complex problems in a logical, in a.........

Solve complex problems in a logical, in a structured way

Venture capital funding refers to the capital you get from groups, family, or anyone interested and ready to invest in your startup business. Economically, VC funding is attached to the capital from an investor group. This group will oversee the money any investor is bringing in and ensures that they’re a healthy growth that will be in exchange for an equity share. It is a popular and easy way for startup businesses to get money and expand. This is considered “high risk” because the investor will find the size, product development, and asset of the company. Unlike other forms of investments, VC funding is concerned with the early stages of the business. The change in the investing world has provided investors with more access to many capital investments. The VC firms play an active role and always have a seat on the board because of guidance. The firm will distribute its money into various small businesses and believe that sooner or later, some of the companies will grow larger.

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  • Mia Baker
  • 06-21-21

Insight into consulting, leadership and influence.

Trade credit only applies to regular customers. If you have been a “regular” customer for any organization for 30, 60, or 90 days, you can expect the supplier to extend your credit and not charge interest. For instance, your supplier delivers your raw materials after you have ordered them. You can arrange terms with him such that you have 60 days on the receipt from when the goods were provided. This gives you an extra 30 days to pay for the items you purchased. Well, you may not be able to bank on this as the first approach because you have to earn the confidence of your supplier, which can only come by placing many transactions. However, with an adequately prepared financial plan, you might be able to negotiate appropriately. You can meet up directly with the supplier and both agree on some terms which sometimes have conditions along with them. The supplier may start with partial credit on your orders and as time lapses, if your fidelity is strong enough, he will probably consider you for better offers. You can also borrow such money to pay for your inventory, but this may come with interest charges. More importantly, you must know that trade credit is suitable for retail operations and short-term needs. You can even attract more competitive suppliers who are ready to offer lower prices and more reliable delivery.

3 people found this helpful

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  • Jackson
  • 07-07-21

Illustrious achievement audible

If you want to earn, save, debt free passively then get this audio book. Is will guide you about everything what you need. Some effective approaches provided. Learning stuff given. I highly recommend.

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  • James
  • 07-07-21

A Simple Beginners Guide

Very informative book especially for people who are financially illiterate and want to know the ins and outs of basic finances

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  • Jennifer
  • 07-07-21

interesting and fun

Interesting and informative read if you need help understanding anything finance-related! Very well written, the author is very smart and experienced in this subject.