This was another of the books I listened to while driving to and from work in another city. This was the more modern answer to “The Intelligent Investor”. In this book the author Erin Lowry gives no nonsesne and practical information on budgeting, saving, and a brief explanation of investing. The demographic of this book and her story is aimed at the average millennial. I am a millennial which is described as people born between the years of 1981 – 1996.
I remember the book was good and she more or less told a story of her upbringing and what inspired her and necessitated her need to learn budgeting and financial stability. The story involves teaching and wisdom from her father but ultimately the knowledge and advice contained within is fairly common sense and practical. To me it was nothign really revolutionary but solid information for sure.
Over the past couple years I have been more and more into personal finance. At the time of listening to this story I was making more money at a normal job than I ever had before. I was interested in preserving my money and learning how to maximize my paychecks. This book taught me a lot and I applied the knowledge practically. I no longer work at that job, but I carried all of the habits forward for the most part. I also still have all of my investments and never sold anything.
I think personal investment and finance is important for anyone to learn and for some reason they don’t teach us enough in the course of our normal schooling. I always wondered about that myself. I figured they didn’t want the average man to be learning about high finance and the way those weird systems work. As we’ve seen in the past couple years what happens when the average person has access to the finacial world, modern apps and online brokerages make available what used to be reserved for financiers, investors, and bankers. The past couple years has shown that retail investment can turn whole markets. For mbetter or worse.
I liked that the book was easy to listen to and was aimed at my own demographic. After listening to “The Intelligent Investor” I needed a book that has a bit more modern examples and practices and this book was a perfect answer for that. I enjoyed the easy and relatable nature of the book. There wasn’t much I didn’t like about it. As mentioned it was a no nonsense book of ideas and experiences. If anything the information was rather common sense but it wasn’t bad at all.
I would recommend this book to anyone who is interested in personal finance or who is, like me, a broke millennial trying to make and save money in this backward ass, late stage, capitalist world. It’s an easy read or listen and worth the time really. Anyone can benefit from the basic information and ideas on how to build better habits for your financial success.
Overall thoughts, definitely check it out. Not much more to say about this one. Hoped you enjoyed the review and it was informative. Feel free to comment or share if you dig the material. Till next time.
Pax
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