Millionaire by Thirty: The Quickest Path to Early Financial Independence [NOOK Book]

Overview

Most people know that there are 70 million Baby Boomers in America today....but what is less known is that there are approximately 100 million people in America between the ages of 16 and 30. This generation has just entered, or will soon be entering the work force. And they have no idea how to invest, save, or handle their money.

Young people today come out of school having had little or no formal education on the basics of money management....
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Millionaire by Thirty: The Quickest Path to Early Financial Independence

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Overview

Most people know that there are 70 million Baby Boomers in America today....but what is less known is that there are approximately 100 million people in America between the ages of 16 and 30. This generation has just entered, or will soon be entering the work force. And they have no idea how to invest, save, or handle their money.

Young people today come out of school having had little or no formal education on the basics of money management. Many have large debts from student loans looming over their heads. And many feel confused and powerless when their pricey educations don't translate into high paying jobs. They feel that their $30,000-$40,000 salary is too meager to bother with investing, and they constantly fear that there will be "too much month left at the end of their money."

Douglas R. Andrew has shown the parents of this generation a different pathway to financial freedom. Now Doug and his sons, Emron and Aaron - both of whom are in their mid-20s - show the under-30 crowd how they can break from traditional 401k investment plans and instead can find a better way by investing in real estate, budgeting effectively, avoiding unnecessary taxes and using life insurance to create tax-free income.

With the principles outlined in Millionaire by Thirty, recent graduates will be earning enough interest on their savings to meet their basic living expenses by the time they're 30. And by the time they're 35, their investments will be earning more money than they are, guaranteeing them a happy, wealthy future.
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Product Details

  • ISBN-13: 9780446536165
  • Publisher: Grand Central Publishing
  • Publication date: 4/30/2008
  • Sold by: Hachette Digital, Inc.
  • Format: eBook
  • Sales rank: 390,941
  • File size: 5 MB

Meet the Author

Douglas R. Andrew is the owner and president of Paramount Financial Services, Inc., a comprehensive personal and business financial planning firm. His sons, Emron and Aaron Andrew, have clients nationwide whom they advise for asset optimization, equity management, and wealth empowerment. Starting with annual incomes of $30,000 at the age of 22, they have used the strategies outlined in MILLIONAIRE BY THIRTY to each accumulate assets totaling over $1.5 million at the ages of 26 and 27.
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Table of Contents

Authors' Note ix

Preface xi

1 Wake Up and Step Out of the Financial Darkness 1

Stop Feeling Confused, Isolated, and Powerless About Your Finances

2 Mapping Your Future 14

Ten Years to Financial Independence by Avoiding the Top Ten Dangers

3 The Millionaire Mindset 34

Harness the Power of Three to Simplify Your Finances

4 Pay Yourself First 53

Budget, Save Money, and Manage Debt Properly-Live Within Your Means

5 Don't Give Uncle Sam Gifts 77

Understand Taxes and How to Leverage Otherwise Payable Income Tax

6 From Renter to Homeowner in One Leap 93

Buy Your Primary Home Now Rather Than Rent

7 Real Estate Equals Real Wealth 122

Develop Real Estate Equity and Manage It Successfully

8 Think Smart Now, Retire Smart Later 154

Choose the Best Retirement Planning Investment Vehicles

9 Insure Your Future Financial Well-Being 179

Choose the Right Insurance

10 Touch All the Bases 205

Live a Life of Significance with Great Clarity, Balance, Focus, and Confidence

Acknowledgments 221

Index 225

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Sort by: Showing all of 5 Customer Reviews
  • Posted February 20, 2012

    Highly Recommended!

    I am a college student and was always looking to real estate to build wealth but never know how to start. This is a GREAT step by step book to get you where you want to be. Don't stop your self from having money. You live once, so be rich and be marry!

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  • Anonymous

    Posted May 17, 2010

    Written before real estate crash

    I bought this book for my son who was graduating from college with a business degree. I bought it more for the title than anything else. The book does have some good practical advise for the novice, but it's overarching theme is to depend heavily on real estate to build wealth. Although published after the recent real estate crash, it must have been written before it because it assumes escalating real estate values.

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  • Anonymous

    Posted December 9, 2010

    No text was provided for this review.

  • Anonymous

    Posted May 21, 2012

    No text was provided for this review.

  • Anonymous

    Posted April 6, 2010

    No text was provided for this review.

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