This was super easy, and it looked really good. I made a huge mistake and sprayed it with ADHESIVE instead lacquer (spelling?). It was sticky for weeks! Thats what I get for not reading the bottle.....
Gather your pictures, binder and what not.
Cover the binder with Mod Podge, and start placing pictures.
Once all pictures are on, cover with another layer of Mod Podge.
Cover with lacquer (NOT ADHESIVE) and let dry.
Cover with book cover so the pictures don`t peel. (You may have to trim the binder to fit.)