Seventeen To Millionaire: You're seventeen. You're Canadian. You wanna be rich. Let's do this.

by Douglas Price

The ultimate personal finance book for seventeen-year-old Canadians who wanna be millionaires. Crafted in a conversational, "we're-just-hangin'-out-having-coffee" kind of style, Seventeen To Millionaire highlights the pathway to financial success in a kick-ass, fast-paced, and easy-to-understand way. Every parent wants to set their teenager up for financial success. This book is one of the tools to help make that happen.

Genres: Finance, Nonfiction

284 pages, Paperback

Published October 13, 2022

Reviews

[Aryn Pullen]

Everyone disregard this review I read this for my dad lol but you bet your bottom dollar I can’t read smth and not put it into Goodreads

[Lani Gunn · Rating 5 out of 5]

This book is amazing. I have bought copies for every friend who has talked to me about finances in the last 9 months. It's incredibly thorough yet entertaining, easy to understand and also completely non-judgemental for those of us learning to manage finances after our teens. Also thank you Doug for writing this so I can stop trying to explain finances simply and instead give everyone a copy of your book!

[Reader Views · Rating 5 out of 5]

Author Douglas Price, who wrote “Seventeen to Millionaire,” offers sound advice to seventeen-year-olds coming of age to open a Tax-Free Savings Account (TFSA). This is suggested to help them start saving money without being taxed on anything that accrues in that account over time. Even though he has no financial degree or financial background, the advice he offers is sound enough to make complete sense to his readers.

Douglas Price writes in a conversational tone that makes saving and investing easy to learn and extremely easy to execute. If the readers follow along and go step-by-step as to what Mr. Price suggests they do, their Tax-Free Savings Account should ultimately end up being financially better off from what their initial investment was in that account. Is it possible for a seventeen-year-old to become a millionaire over time? Why is this advice geared especially toward seventeen-year-olds?

I really enjoyed reading this teen investment book because it was written in a down-to-earth conversational tone any reader of any age could understand. Although Mr. Price is aiming this book toward seventeen-year-olds, it really could be read by readers of any age who want to secure their financial futures with less effort and stress. The reason it’s geared toward seventeen-year-olds is simple. When you reach that age, you should start becoming aware of what is needed to start saving your money in an account that will earn you money and remain tax-free. By the time you turn eighteen, you can now officially open your own Tax-Free Savings Account without needing a parent to sign for anything. The earlier you start putting money into your TFSA, the better you are at achieving your goal of eventually becoming a millionaire.

What really struck me about the author was that he had no financial background, nor any financial degrees. It was his own blood, sweat, and tears that brought him to do all this research for himself and decide to eventually write a book for teenagers. I’ve read other financial books in the past and honestly, they put me to sleep. They spoke over my head in terms with little or no explanation as to what the terms meant, and I felt more lost than when I started reading the book. With this book, Mr. Price immediately speaks in a conversational, down-to-earth tone that any reader can follow without any issues understanding the terms used or the steps that need to be taken to be successful in investing in your own TFSA.

I loved how he wrote the book in a step-by-step method so the teens could easily follow along and accomplish each step on the list. He provided plenty of examples for every scenario he discussed and allowed the reader to walk away confident in the actions they plan on taking with their money. I feel this is one of those books that every teenager should read if they’re serious enough in wanting to secure their financial future right from the start.

I absolutely enjoyed reading “Seventeen to Millionaire” by Douglas Price and am an adult reader. I feel it’s blown all those other financial books out of the water. I sincerely feel that this might be a perfect book to be assigned in high school for teens to read and discuss in class together. I feel that would be a great environment to spark their financial interests and at the perfect age at which they can start planning to open their own TFSA. This book is written for ages 16+ and I feel it’s the best age to start teaching financial thinking to teens. I highly recommend this book!

[Amanda Preston · Rating 5 out of 5]

Highly recommend this book if you have a teen/young adult! While it does provide information on becoming a millionaire, more importantly, it just teaches kids basic financial literacy! Reading pay stubs, opening bank accounts, budgets, tax returns, debt, credit cards, how interest rates work, tax brackets, RRSP’s, investing, CRA accounts and more! Things we should all learn in school to be financially responsible and written in really plain and relatable terms for teens. The kind of basic info kids need to be set for life. Can’t recommend it enough!! The title is a bit misleading as it really is way more than that. I enjoyed the book as an adult as well.
*(It does use a couple of mild swear words like hell and kick-ass a couple of times)

[anna noseworthy · Rating 5 out of 5]

Buy this book buy this book buy this book. I am definitely not a person who ever reads about money or like non fiction in general tbh but this is such a must read! As someone who has been 18 for about a month and just started university this book could not have come at a better time! It covers so much important info like investing, TFSA’s, RRSP’s, taxes, etc. that I never really understood because no one explained them to me, especially not in such a digestible format. This book is so easy to understand even though it covers complicated topics and is so so so so so so so helpful!!! Seriously! Best 23 dollars I have ever spent and I finished it in 1 day!!!!

[Elyon Famoriyo · Rating 4 out of 5]

This is a perfect book for older canadian teens who want to be knowledgeable about how money works. I read this in my early 20s but at 17, I would have liked to learn about maximizing earning potential, earning an income and generating money in general. It is also perfect for anyone who is beginner in canadian finance at any age which I am not but it was great a reinforcement for and a reminder of everything I have learned.

[Elyon · Rating 4 out of 5]

This is a perfect book for older canadian teens who want to be knowledgeable about how money works. I read this in my early 20s but at 17, I would have liked to learn about maximizing earning potential, earning an income and generating money in general. It is also perfect for anyone who is beginner in canadian finance at any age which I am not but it was great a reinforcement for and a reminder of everything I have learned.

[Jen · Rating 5 out of 5]

Funny. Practical. Canadian content! An easy, worthwhile read that is great for all ages. My only complaint is the author's suggestion to follow the advice of 'financial advisors' (aka salespeople) at banks. No. Other than that I appreciated this thorough, up-to-date book and hope this author comes out with more!

[Mar · Rating 4 out of 5]

3.5-4 Good basic information for Canadian teens as they prepare to enter the work world and save for their futures.

[Reni Odetoyinbo · Rating 5 out of 5]

One of the best finance books I’ve read. Not just good for kids, but newcomers to Canada too. Highly recommend!

[Kelsey Smith · Rating 5 out of 5]

Best book I’ve read on CANADIAN finances.

[Teresa · Rating 5 out of 5]

Really good intro to Canadian personal finance for young people, put into language that’s easy to understand.

[Lise-Anne · Rating 5 out of 5]

Money and stuff really well explained.

[Wade Long · Rating 5 out of 5]

I have read many financial books and this is one of the better ones. It explains all the major concepts in simple terms. It is good for all ages.

[Shikara Fahie · Rating 5 out of 5]

Everyone young Canadian MUST read this book. Very easy to understand (& fun!) to read & so so informative.