Young Money BOok Review
GUEST CONTRIBUTOR: LIZ VANCE
Although the year range varies depending on where you look, if you were born in the 80’s or 90’s you are probably a Millennial like me. As a group, we are to the point where we really need to figure this adulting stuff out, whether we like it or not. Unfortunately, a lot of the financial books out there right now were not written for our generation. However, Todd Romer, author of Young Money, wrote his book with Millennial's in mind specifically! I read the book for the first time and wanted to share why Young Money might be a good option for you!
The first thing I like about Young Money is you don’t have to have much financial knowledge at all to understand and learn from this book. Todd brakes down common financial words that may not have ever been explained to you before. If you aren’t sure the different between stocks, bonds, and mutual funds you’ll learn about it in this book. You’ll also get an explanation on what the stock market even is! This book is great for financial beginners! But don’t be turned away if you aren’t a beginner. There’s stuff for you in this book as well!
Another thing I like about Young Money is Todd doesn’t just tell you what you should do, he gives you resources of where to go to do it. For example, when he talks about having savings accounts, he recommends a few banks in case you aren’t sure which to choose. When he talks about investing, he does the same thing. And, when he talks about giving to others, he lists websites so you can find a charity that fits with you. These specific resources mentioned are super helpful if you have no idea where to start when there are hundreds of places to look.
And lastly, I like that Todd lets you know that he has made major financial mistakes himself. He knows what it’s like to be doing really well financially and what it’s like to lose 40% of your net worth in a short amount of time. So, if you are looking for someone that has experience to teach with, Young Money is a good option.
I had the pleasure of meeting Todd Romer briefly at a conference and he seemed to be a very down to earth, kind person. That comes across in his book. He wants to help our generation get where we want to be financially. Take some time to read Young Money so you can start working towards your financial future!
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