Books Read in August 2016

I read three books in August:

Image by Hermann (2014) via Pixabay, CCO Public Domain

Image by Hermann (2014) via Pixabay, CCO Public Domain

The Incubated Author: 10 Steps to Start a Movement. I have to be honest and admit that I had trouble getting into this book. I did glean some insights but I didn’t like how she characterized Jesus in the book. I get why she portrayed Him that way but He is so much more than that.

The Paleo Manifesto.  I read this book before. There are some aspects of the book that I think are “out there” but I am looking to eat more “cleanly” and figured I could get some ideas from this book if I read it again. I did. The biggest takeaway is that I need to be more firm and committed to cutting out the sugar.

Profit First. I have also read this before. However, I am participating in Tina Forsyth‘s Profit First course and this book is the basis of the class. If you are looking to take control of your finances or looking to put together a budget that actually works, this book is a life changer.

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Book Review: Profit First

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profitfirst

 

From Book Description

“In Profit First, the follow-up to the cult classic The Toilet paper Entrepreneur and the game-changing The Pumpkin Plan, author and entrepreneur Mike Michalowicz details the cash management system that will ensure any business – of any size, in any industry, no matter how much debt it carries or how many years it has been operating – will become permanently profitable. Starting today!”

My Comments

Profit First is hands down one of the best money management books I have ever read. Many money experts use the expression, “pay yourself first” when it comes to handling personal finances. Michaelowicz takes that up a notch and applies it to business money management, although you can – and should – apply these principles to your personal finances.

First he starts by explaining why the “generally accepted accounting principles” don’t work, and he flips the accounting formula “Sales – Expenses = Profits” upside down. After this he explains the profit first system and then helps the reader lay out a plan, step by step, to put this plan into action. Michaelowicz also has a chapter on destroying debt and another chapter for advanced techniques. I also love the “action steps” at the end of each chapter. I have been slowly working through the book and it has already made a huge difference!

I highly recommend Profit First and give it five (5) stars.