Book Review: Personal Finance for Young Adults: From Broke to Boss
Title: Personal Finance for Young Adults: From Broke to Boss, 7 Simple Steps to Building Wealth, Crushing Debt, and Living Your Best Life as a Financial Beginner
Author: Kirk Teachout
Paperback: 174 pages
Publisher: IV Quarter Publishing
Publishing Date: May 14, 2023
Who is this book for?
- Young adults trying to achieve financial independence and grow their money.
- Readers of any age who are still trying to optimize their money management.
What’s inside this book?
- A comprehensive guide to financial literacy, including an intro to budgeting, maximizing your career, setting up passive income streams, getting rid of debt and more.
- A 7-step guide to achieving financial independence.
- How to navigate financial challenges that are typical to young adulthood, like student loan debt and understanding credit scores.
- Real-life examples illustrating the principles of each chapter.
4 lessons you’ll learn from this book:
- The five most common mistakes when setting financial goals and how to avoid them.
- The six best investment types for new investors and how to choose the ones that work for you.
- How to get out of debt, and stay out of debt.
- How to utilize the money you make in the best way possible.
4 questions this book will answer for you:
- How do I build successful passive income streams?
- How can I find a great job when I have little or no work experience?
- How do I set and achieve financial goals?
- Do I really need to think about my retirement when I’m in my 20s?
What people are saying about this book:
“This book offers good advice for young adults starting out in the financial world. It’s written in a fun and engaging way.”
“Teachout’s focus on young adults is refreshing, and his insights are universally applicable. One of the standout features of this book is the engaging interactivity at the end of each chapter, which helps readers actively internalize the lessons. Approachable and insightful, this book is not only a guide but an empowering journey towards financial literacy. Whether you’re just starting your financial journey or seeking to reinforce sound financial habits, it’s a valuable resource that resonates with readers from all walks of life.”
“The book has a straightforward message: if you put in the time and effort, you can achieve financial freedom. Instead of being a “get rich quick” hoax, Teachout’s strategy is used by many self-made millionaires. Young adults can put themselves in a far better position financially if they get a head start.”