Thursday, January 6, 2022

Book Nook: Making More Money for You! Mutual Fund Investing on a Budget for Beginners

Magnus Carter aims to teach readers the tools and tactics of fiscal responsibility and financial independence through his concise, easy-to-understand new book, Making More Money for You! Mutual Fund Investing on a Budget for Beginners.

In it, Carter helps readers create a budget; introduces financials facts and terminology; explains the basics of investing; offers options for the reader to determine his/her own investing path; and provides step-by-step instructions for investing in mutual funds — regardless of income level.

You can learn more in this interview.

Why did you write this book and what sets it apart from other financial books?

I wrote this book because I got tired of seeing people struggle with money. All people, from those just leaving high school to those reaching retirement, and everyone in between.  Personal experience and research have proven that we’re not properly educated about how to use money as a tool, nor about the consequences of overspending and going into debt. 

So, I put all this information in a book that will help the reader/investor have accountability and to give people a starting point for a brighter tomorrow.  Each chapter in this book is thoroughly thought through. No matter what stage of life you are in, a brighter tomorrow is possible!       

Here are some of the things about the book that set it apart from the other books:

  • The mystery of all the terms, slang and lingo has been decoded.  No jargon. 

  • The most common fears that stop people from trying are addressed in the book.

  • This book doesn’t tell you where to spend/invest your money. Instead, it focuses on giving you, the reader/investor, the necessary knowledge to make decisions based on your personal circumstances and goals!  

  • I have included tools in this book that can be downloaded to help you along your journey, such as:

  • How to create a budget

  • Determining your current worth


How much money do people need to start getting into mutual fund investing?

That is one of the beautiful things about investing in mutual funds: the investor doesn’t need a lot of money to invest in them. There are funds out there with absolutely no minimum to invest.  But be cautious and do your research – as stated in the book - before putting YOUR hard earned money into something.  

How can beginning investors get started, and what should they do once they start seeing returns?

This is one of the core questions that is answered in multiple chapters of the book. A little teaser: Beginning investors need to determine their financial situation first and foremost before making a monetary decision to invest…. 

Once you start seeing your investment starting to make money, you the reader/investor have options!  These options are covered in the final chapters of the book. ;)  

Is it possible for everyone to achieve financial independence?

Absolutely!!  It won’t happen overnight. But small, consistent steps in the right direction, along with the right knowledge and guidance, will make anything possible. The real question is, are you ready to put the work into making it happen?   



About the Author
Magnus Carter has been in the workforce since he was 12 years old, having been taught that through hard work, he could achieve anything in life. At 21, Carter was working at a diner in New York City when he struck up a conversation with a gentleman whose upscale lifestyle he admired. The information Carter learned from that conversation sparked a fire in his soul and forever changed his outlook on life. He learned that making money wasn’t the only thing he needed to do: the money he made had to make money as well. After retiring early, Carter chose to help others live their lives with fewer financial worries through his effective investment strategies.

Making More Money for YOU! Mutual Fund Investing on a Budget for Beginners
Publisher: Legendary Products & Services, LLC
ISBN-10: ‎1956376011
ISBN-13: ‎978-1956376012
Available from Amazon.com, BN.com and other online retailers

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