My Money My Way - Summary and Key Ideas

"My Money My Way" provides a comprehensive guide to personal finance, focusing on understanding one's unique financial situation and goals, and creating a personalized budgeting system to achieve financial fulfillment. It emphasizes the importance of aligning financial decisions with personal values and priorities, rather than adhering to traditional, restrictive budgeting methods.

The target group of "My Money My Way" is primarily women who are seeking to gain control over their finances, reduce debt, and achieve financial stability and fulfillment.

Buy the book
My Money My Way

Key ideas

01

Financial awareness, a continuous process of understanding and planning your income and expenses, is the cornerstone of effective budgeting and financial stability.

02

Financial stability and success hinge on setting and prioritizing short-term, medium-term, and long-term financial goals, each with its unique characteristics and significance.

Play in App
03

Tracking every expenditure, akin to keeping a food journal, can reveal spending patterns and empower you to take control of your financial habits.

Play in App
04

Creating budget categories is a balancing act between gaining clarity on spending habits and avoiding overwhelming complexity, to enable informed financial decisions.

Play in App
05

Understanding our lifestyle and spending patterns allows us to budget for unexpected expenses, ensuring financial stability.

Play in App
06

Defining your unique, emotionally-charged purpose is the key to guiding your financial decisions and achieving your goals.

Play in App
07

A dynamic life requires a flexible budget that adjusts to personal lifestyle and unexpected changes.

Play in App
08

Play in App
09

Play in App
10

Play in App
11

Play in App
12

Play in App
Get the App!
Access all 8 key ideas for free! ­čą│

Summary & Review

Kumiko Love's "My Money My Way" is a guide to personal finance that emphasizes the importance of emotional health and personal values in financial decision-making. Love argues that traditional budgeting methods often fail because they focus too much on numbers and not enough on the individual's unique situation and desires. She proposes a different approach to money management, one that is rooted in self-awareness, emotional health, and personal fulfillment.

Kumiko Love

Kumiko Love, also known as "The Budget Mom", is a renowned financial expert and accredited financial counselor. She is known for her practical advice on budgeting, saving money, and eliminating debt, which she shares through her blog and social media platforms.

Explore more book summaries

Nutzen Sie Ihr zweites Gehirn

"Nutzen Sie Ihr zweites Gehirn" ist ein Leitfaden zur Erstellung eines Systems, das Ihre Produktivit├Ąt und Kreativit├Ąt steigert, indem es Ihnen hilft, Informationen effektiv zu verwalten und zu organisieren. Das Buch bietet Methoden, um Ideen mit digitalen Werkzeugen zu erfassen, zu strukturieren, zu verfeinern und auszudr├╝cken, und verwandelt so die Informationsflut in eine wertvolle Ressource.

Tools of Titans

Tools of Titans is a compilation of practical advice, habits, and routines from successful individuals across various fields, aimed at helping readers achieve a balanced and fulfilling life in the areas of health, wealth, and wisdom.

To Sell Is Human

This book explores the art and science of selling in a new light. Pink argues that everyone is in sales - we're convincing, persuading, and influencing others to give up resources in exchange for something we have. To Sell Is Human offers a fresh look at the art of selling, backed by social science, to debunking the myth of the pushy salesman, and presenting the new ABCs of selling: Attunement, Buoyancy, and Clarity.

The Willpower Instinct

The Willpower Instinct is a book that explores the science of self-control, offering insights from psychology, economics, neuroscience, and medicine to help individuals understand and improve their willpower. It provides strategies to break old habits, manage stress, resist temptation, and create healthy habits.

The Art of Mental Training

The book "The Art of Mental Training" is about harnessing the power of the mind to achieve peak performance and unlock one's full potential. It explores various mental techniques such as visualization, positive affirmations, focused breathing, and relaxation, illustrating how these can transform fear, pressure, and setbacks into focus, motivation, and opportunities for growth.

How to Win Friends & Influence People

The book How to Win Friends & Influence People (1936) is about the art of mastering interpersonal relationships and becoming a magnetic person that people are naturally drawn to. With practical advice and real-life examples, Dale Carnegie shows how anyone can improve their social skills and achieve success both in their personal and professional lives.