Young Money: 4 Proven Actions to Design Your Wealth While You Still Can

by Dasarte Yarnway, Pete Najarian (Foreword)

Being young is the ultimate advantage when it comes to building wealth. It may not seem like it when you look at your student loan debt or when the rent comes due, but you have a huge amount of a priceless resource: time. You just need to know what to do with it. Rising-star financial advisor Dasarte Yarnway offers a simple four-step mastery approach anyone can follow to become a Master Wealth Builder. It's a system he himself lives by.

You start by mastering the right mindset, says Yarnway. You need to always remember that you're in it for the long haul--wealth building is a marathon, not a sprint--and keep your eyes and your actions firmly fixed on your wealth-building goals. Then you have to create and master your plan. Yarnway provides advice on avoiding four critical financial pitfalls and a worksheet so you can assess exactly where you are financially, where you want to go, and how you're going to get there.

Once you have a plan, you have to start working that plan by mastering income--Yarnway looks at the three best ways to do that. With income handled, you have to master expenses. Yarnway offers seven simple ways you can control your outflows and discusses how you can minimize your tax burden while still handling your civic duties.

If you start wealth building now instead of ten or twenty years from now, you can experiment, learn from mistakes, bounce back from setbacks, and steadily and consistently build up your legacy. As Yarnway quotes Warren Buffet, "Someone is sitting in the shade today because someone planted a tree long ago." The sooner you plant, the more shade you'll have.

Genres: Nonfiction

144 pages, Paperback

Published March 6, 2018

Reviews

[Chris Boutté · Rating 5 out of 5]

This is an amazing book, and it's a short read. Yarnway wrote a book that's designed for young people in their 20s to learn valuable lessons about money that many people don't teach us. Desarte not only has practical advice, but he's wise beyond his years and provides some philosophical insight along the way. I'm going to add this book to the list of books I want my son to read as he reaches his teen years.

[Wingchiu-Henry Ho · Rating 3 out of 5]

It was well written - with the common person who doesn't know much about finances and investments. I wish I had read this book when I was younger, but it still helps me see and understand what I have not done well with money before 40.

[Maydas · Rating 3 out of 5]

Bence bu tür bir kitap, para biriktirme konusunda dışarda latte içme önerisinden daha iyisini yapmalı. Ayrıca artık bu türden kitapları Türk bir yazardan okumam gerekiyor, çünkü verilen tavsiyeler paralel değil.

[Samantha · Rating 2 out of 5]

Motivating but not well rounded. You need to adapt the techniques to your lifestyle I suppose.

[Jonathan · Rating 2 out of 5]

Much too simplistic and does not even cover the basics properly. Even I can do much better than this.

[Carl · Rating 3 out of 5]

I appreciated this book much more the second-time I read it. The concepts are still very much basic, however, I absorbed them from a different perspective.

[Deniz · Rating 3 out of 5]

The book offers basic financial advice for young people. While it may be worth reading for those starting their careers, it doesn't delve deeply into any subject.