The 80-20 Money Makeover: A Simple Yet Powerful System to Transform Your Financial Future

by Arun Kumar

Ever wondered why some people struggle with their finances despite earning well and putting in significant efforts to manage them? And how some achieve better financial outcomes with little effort?

In The 80-20 Money Makeover, popular blogger and financial expert Arun Kumar takes you on a money makeover journey. Kumar's proven model, based on the Pareto principle, or the 80-20 rule, helps you focus on the critical few decisions (versus the trivial many) and achieve great results with minimum fuss.

These frameworks will help you with different financial decisions required at crucial junctures in life-such as planning your children's education, buying a house or a car, or even quitting your job and launching that start-up you always dreamt of. Furthermore, it will help you set up an automated wealth-creation system, which will require no more than a few hours of your time every six months. You will learn and master the different levels of managing your money one at a time, apply practical behavioural insights to make sure you stick to the plan and eventually grow your way to wealth and financial freedom.

Genres: Personal Finance, Finance

388 pages, Kindle Edition

Published April 25, 2024

Reviews

[January · Rating 4 out of 5]

The 80-20 Money Makeover: A Simple Yet Powerful System to Transform Your Financial Future by Arun Kumar
320-page Libby Ebook

Genre: Nonfiction, Personal Finance, Business

Featuring: Contents List, Levels and Stages, Figures List, Tables List, Disclaimer, Striking the Right Balance Between Saving and Spending, Quotes, Ramit Sethi, Summaries, Indian Economy, Building a Safety Net, Planning For Short-Term Money Goals, Building Your Long-Term Wealth Creation System, Systematic Investment Plan - SIP, Rule of 110, 5-5-R Framework, 50-40-20 Rule, Building Your Portfolio, 7-5-3-1 Rule, Mistakes to Avoid, ABCDE Framework, Outbehaving Your Way To Wealth, How Covid Affected Indian and US Markets Through Charts and Magazine Covers, Notes, Index

Quotes: short-term money goals are large expenses that you foresee having to deal with in the next five years and which cost more than six months of your monthly take-home salary.

Rating as a movie: PG

My rating: ⭐️⭐️⭐️½🇮🇳💳🧾

My thoughts: 🔖Page 27 of 320 Chapter 3 How much should you save - This book is too much information, too soon, and not well organized I'm just going to have to start over. I still don't get FISH.
📗 I'm starting over now and my issue with FISH is it's just not an acronym or acrostic but he's trying to make it into one.
🔖49 Level 3 Planning For Short-Term Money Goals - I skipped the lists of figures and tables this time, information overload. The chapters are short some of the information is only a paragraph, but it's good. Unfortunately, the tables are hard to read and since I'm not reading this on Kindle they don't expand.

So this book just wasn't for me. It focuses more on investing than budgets and retirement and because it's based in India I didn't catch most of what was thrown at me. I still don't understand half of his acronyms or debt funds nor do I care to. I already use a form of the FISH system, we have a second checking account for spending, but I can do FI is for Fixed Expenses, it's just odd to my brain and it refuses to accept it. Overall this book was specific and overly detailed in some areas and skimpy in others. I think the book would work for some but not most.

Recommend to others: Maybe, this book is currently hot in the military community so it must have desirable information.

[Pramod Divedi · Rating 5 out of 5]

Written by a professional acquaintance whom I know for 7 years now. Someone i always admired for reading the sane path and sticking to it.

This book is a checklist everyone who needs to manage year own money Needs to have and follow it to the Tee.

It's a step by step guide starting from building a mental framework and convincing you with whys it moves to how's. No nonsense or big talks and big claims.

It's not get rich quick book. It's a book which exactly tells how what works, how it works and why it will always work.

So let's of data essential history's numbers to convince you give you reality of how world of Investments works. They may not sound pompous or big claims, but they are the one that works.

Frankly 20 years in Industry it took that long and still figuring, I could have never written it so crisply.

While it's months of effort writing this book, it's decades and wisdom put in aa step by step guide.

The only book you need for financial nirvana
#Book #Books #bookstagram ##Bibilophile #Bookshelf #booklover #booknerd #BookWorm #Libraray #8020 #The8020MoneyMakeOver

[Shubham Dixit · Rating 5 out of 5]

Arun Kumar has written a great book covering all the basics one needs for personal finance management. The book will be particularly liked by those who want to do rule-based investing. He has given multiple thumb rules for all common scenarios which an investor can encounter in his financial journey.

[Prem Suraj · Rating 5 out of 5]

Good book for someone who is new to investing or is thinking about how to start investing

[Rujhan Arora · Rating 5 out of 5]

Easy to read, Simple, practical book. I completed this within 3 days. The topics mentioned form the basics for an equity investing journey.

[Rishabh Goel · Rating 4 out of 5]

Good basics and clarity of thought to people early in their professional journey. Has a lot of frameworks which are difficult to apply in silos and by own self.