Millionaire By Thirty
Millionaire by Thirty is a new book out by author Douglas Andrew which talks about how those in the 16-30 age range can become millionaires by the time they are thirty. As we all know, there are millions and millions of books that claim to teach you how to become a millionaire. If they worked, then more people would be millionaires. Actually, they may work, but people simply don’t follow through on what is written in those books.
I like the approach that Andrew takes. He lays it all out in simple, easy to follow instructions. Generations before us relied on things like Social Security, Pensions and 401(K) plans. The problem we are facing is that most companies have done away with pensions, Social Security probably won’t be around when we are ready to use it and 401(K) plans have their own set of challenges. Andrew uses his own sons as examples to teach parents and twenty somethings a thing or two about investing for the future. Two of the most shocking (insert sarcasm) recommendations that Andrew and his sons make are to invest in real estate (Thank You, Rich Dad, Poor Dad) and budgeting effectively.
This isn’t a personal finance site, but this site is about making money. Specifically making money online. It is easy to make money here and there online, but if you don’t use it effectively once it hits your bank account, then all your work is pretty much for nothing. Investing in real estate, physical or virtual, is a great way (even when the market tanks as it has done in the past few years) to earn a residual income. If you paid 600,000 dollars for a 200,000 dollar house, you might never make that back…sorry. But if you buy a house now for less than what it is actually worth, you will come out ahead in the long run. I’ve had many folks tell me that the number one way that they have come out ahead in the investing game is in property. Even Uncle Milton Bradley has taught us that over the years!
Check out Millionaire by Thirty, it’ll be worth your time!
Other Finance type books to check out:
