Broke Millennial Takes on Investing
By Erin Lowry
Investing is for old people, right? Your parents, maybe even your grandparents? Erin Lowry creates a guide specifically for the millennial generation to tackle the elephant in the room: What the hell do I do with the money not going to rent, food or bars? In this easy-to-digest take on leveling up your money Lowry takes a look at disciplined investing, weathering the storms of the market, and using technology to automate your savings.
“I was trained to see what real money was, and it made me feel that the game I was playing was too small. Then I realized I wasn’t even playing the game – I was on the sidelines making sure the players were fit to play. But no, I deserve to be in this game, too. “
Thoughts
Broke Millennial sounds a bit harsh. But when you think about it we’re all out here on the struggle bus, even if you have a solid job. Why? Because your twenties is the time when you try to break away from the dependency of your parents. It’s also on these twenty-somethings, including myself, to find a way to set themselves up for a filthy rich future. While Broke Millennial Takes on Investing doesn’t get too into crazy finance guy strategies or hold any major Wolf of Wall Street moments it does help provide you with a baseline of how to think about investing to build wealth throughout time. So no options calls or explaining macroeconomic trends that impact the market. But Lowry does touch on things like how much debt can I stomach while also investing in equity? I have student loans, is this a good time to invest? What even is tax-loss harvesting? How do I not go crazy when I see massive losses in the market? That last one hits home right now… and if any other of those hit different this might be the book for you.
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