It has been a few months since I published my first book which is a bit personal on a lifetime dream trip and this is the book that opened my eyes to the publishing journey. However, I find myself interested in many topics and I am not one of those authors who are just stuck on one genre. Therefore, my books will be based on different genres as I continue to grow.
My second baby is based on managing money anticipating to publish it in the first few months of next year (2021). I have always had an interest in writing a book on managing money. It has been on my list to do for a very long time and I had put down a lot of information but had not been serious about it. After revisiting this information which I had put in the drawer, it is time for a book to be created.
Why write about managing money?
Interacting with people is an important part of our lives and I do enjoy that part of my life as I get to learn what others do or behave. Managing money came into my interest through working and interacting with different people and I realised people have problems managing their money. Some people earn decent salaries and yet they have debts overflowing in their lives. Others live from pay packet to pay packet and I always wondered why this happens to people. When I listen to what people do with their money, I realised there is a need to write a book based on simple terminology and very basic ideas on what it takes to manage money better.
I am sure a lot of authors have written about managing money and I will not be the last one to do it, but maybe one or two people will benefit from my insight on how managing money can be achieved. One does not need to be rich for them to manage their money. Managing money is overlooked and most people in our society think that only the rich can manage money. The truth is some rich people are very poor in managing their money and at times they end up losing it all since they cannot handle it. Managing money is a responsibility of everyone who is earning it whether poor or rich.
Figure out this case scenario: A married man in a developing country is a father of two children does not have a regular job, however, he relies on his luck to gain a casual job daily. When he manages to secure his job, he earns a wage based on that particular day. Since he is not assured of future jobs, this man will organise his money in a way that will cover his needs to keep the family going until the next casual job comes around. He does not have a lot but he allocates his money according to his priority needs. This man is poor but he is managing his money according to his own needs. It is simple and very basic.
Why do we fail to manage our money appropriately?
One of the biggest problems why we fail to manage our money appropriately is lack of commitment and the mentality that money is coming into the account every fortnight, if in Australia or monthly in other countries if one is working. We are not going to work forever and if we can start to manage money at an early stage, it helps in supporting us during our twilight years.
We also find ourselves living beyond our means where we are interested in lifestyles that do not fit our level of income. Hence, loans and debts, start building up to fund these lifestyles which are short-lived. Due to these debts, the level of stress builds up and our body cannot handle it anymore hence lifestyle diseases develop due to poor diet and lack of rest. Is it possible to live comfortably and enjoy our lives? Yes, it is very possible but if only we can assess our needs and tailor them towards our lifestyles.
Dedication and patience are what is required in money management and if at all there is spare money to save then even better since the savings can increase our kitty by earning some extra coins for us. My book will unveil some of these small things when it comes out. Are you a good money manager? Would be glad to hear any views whether positive or negative.