Obsidian Press; $24.95
This book was recommended to me and when I found it in the Kindle store for $2.99, I hit the 1-Click® button, downloaded and began reading. I am so glad I did. Most of us learned the basic formula Income – Expenses = Profit. Profit is what you have left. Mike teaches you Income – Profit = Expenses. Even if you know to pay yourself first and are doing it, this is more. You start with four types of accounts (Profit, Owner’s Pay, Taxes, Expenses) and divvy the money up in the order according to set percentages. What happens if you don’t have enough left for your expenses? It doesn’t mean take from the other accounts; it means you need to get rid of the expenses you cannot afford. One of the other suggestions Mike offers is to get a handle on bill paying by doing that twice a month, on the 10th and 25th. The book includes an Instant Assessment so you can see where you stand, as well as suggested percentages to apply to the four accounts. Yes, some of it seems obvious, yet how many of us are really doing this? Definitely worth the read.
Look for this book at your favorite quilt or book retailer. Here’s a link to Amazon if you would like to learn more about the book.