Millionaire by Thirty, Douglas R. Andrew
Millionaire by Thirty, Douglas R. Andrew
31 Rating(s)
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Millionaire by Thirty
The Quickest Path to Early Financial Independence

Author: Douglas R. Andrew, Emron Andrew, Aaron Andrew

Narrator: Douglas R. Andrew, Emron Andrew, Aaron Andrew

Unabridged: 6 hr 54 min

Format: Digital Audiobook Download

Publisher: Business Plus

Published: 04/30/2008


Synopsis

The definitive, easy to understand and breakthrough guide on how young people can take their limited first income and turn it into a small fortune by the time they turn thirty from an expert financial planner.
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.

Reviews

Goodreads review by Rebecca on May 30, 2022

Honestly wish I had forgone reading this. There were some good principles mentioned such as the basics of budgeting if you need that, focusing on tax-advantaged investment vehicles, and even term vs permanent life insurance policies. On the whole though, I think some of his advice around his approac......more

Goodreads review by Jake on February 08, 2025

I read this book and now I’m a millionaire. Thanks Andrew family!......more

Goodreads review by Geoffrey on May 29, 2018

This book is a watered down version of Andrew's other books. I was able to read it in about 3 hours, so it doesn't take too much time of out your life. Positive takeaways; -Don't let too much of your home equity sit idle, put it to work. -Purchase real estate -Keep your expenses in check. Items to be con......more

Goodreads review by Shaun on August 16, 2017

Most of the info on this book was very pre-2008. They really push the whole "highly-leveraging yourself to millionaire status". If you're able to take on a million in debt, great. Otherwise, if you're looking for a reasonable personal finance book, skip this one.......more

Goodreads review by trivialchemy on May 02, 2009

I might be a chump. I'm thinking about returning this.......more