My book, Wealth Kingdom

Three years ago, I published my book, Wealth Kingdom. Whenever people learned about my work, they would flood me with questions about money, investing, and business. I never needed an excuse to talk about these topics for hours, but these conversations revealed something troubling. Most people were horrible with money. School had given them almost no financial foundation at all.

When someone messaged me with a question about the stock market, I opened a Word document to write a proper, detailed response. I write often in part to get my thoughts in order. That night, I found myself expanding on what I had written earlier. Before I knew it, I had something that looked like a chapter of a finance book. Over the years, I kept building on that document until it became Wealth Kingdom. A solid foundation for money, written in plain English for regular people. The general principles of my book boil down to this:

Debt from overspending is a common problem and it can devastate families. It’s nothing to be ashamed of and, more importantly, it’s fixable. Paying off debt is like eating an elephant. You have to tackle it one bite at a time. None of this will work if you keep overspending. Otherwise, you’ll be stuck in a cycle. No matter how big your debt is, the best way to tackle it is by creating a structured payment plan. Physically write it down on paper, not just in your head. Break it into manageable steps, mapping out each payment. Before making a plan, take a hard look at your spending habits and figure out what’s driving them. A little self-reflection now can save you from years of financial stress later.

Saving is tough for many families. No matter how much you earn, it can often feel like there’s nothing left at the end of each pay check. The answer isn’t to stash away too much too quickly, only to take it out a week later to cover bills. Instead, pay yourself first. Set aside 10% of your pay check as soon as you get paid. You won’t miss 10% of your pay. Treat it like any other bill. You owe yourself 10% of everything you earn.

Even after you’ve paid off your debt and built up a savings nest, inflation continues to erode your money’s value. Simply saving isn’t enough. Time will gradually reduce your purchasing power. To protect your wealth and maintain your standard of living, you need to invest. A thousand dollars doesn’t buy as much as it used to.

When people first start investing, their emotions can take over. Some get overly excited about potential profits and rush in without checking the details. Others get too scared and never know when it’s the right time to invest. Dollar-cost averaging helps remove the guesswork and emotional highs and lows, making investing simpler and less stressful.

Figuring out what to invest in can be overwhelming. In my book, I break down the stock market, real estate, and bond markets in detail, along with how money flows through these markets and the economy as a whole. Interest rates play a major role in controlling the flow of money across these markets. To succeed, it’s crucial to understand how interest rate changes impact different assets.

Just like everything else in life, investing always involves risk. Some people avoid risk at all costs, while others like to jump out of planes. Safe investing lies somewhere in the middle. Risk is often measured by how much an asset’s price fluctuates. Uncertainty equals risk. In general, a steady price means less risk. 

I never really set out to write a book at the start but as time went on it developed into one. Releasing a book can be incredibly daunting. Thank you to everyone who has already purchased a copy of Wealth Kingdom. If you haven’t checked it out yet, the book dives deeper into the topics covered in this article, along with many other essential concepts in proper detail. You can find it here and start building a proper financial foundation.

Disclaimer: The information in this article is general in nature and does not constitute financial advice. It is for informational purposes only and does not take into account your personal circumstances, financial situation, or needs. Before making any financial decisions, consider seeking professional advice tailored to your specific situation.