Young Money: 4 Proven Actions to Design Your Wealth While You Still Can
Written by Dasarte Yarnway
Narrated by Jeff Hoyt
5/5
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About this audiobook
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 10 or 20 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.
Dasarte Yarnway
Dasarte Yarnway is a Washington, DC based Financial Planner and Chief Executive Officer of Berknell Financial Group, a full service registered investment advisory firm. As the CEO of Berknell Financial Group, Mr. Yarnway focuses on implementing his RIITE Planning Process to help his clients and businesses reach their objectives in the areas of retirement planning, investments, insurance, tax and estate planning. Since the beginning of his career, Dasarte has had the privilege of working for some of the world's largest institutions, most notably Fisher Investments, Edward Jones and HSBC Wealth Management. At HSBC Wealth Management, Dasarte was responsible for nearly 80 million dollars of client assets amongst three branches. Mr. Yarnway also serves as a Board of Director for Future Leaders & Young Entrepreneurs, and is a well-known speaker and frequent panelist for a number of organizations.
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Reviews for Young Money
2 ratings1 review
- Rating: 5 out of 5 stars5/5This book shatters the complicated world of finance that my generation may view as too intimidating. Dasarte has been navigating the waters of his personal Economy for some time now and with this book we can take his lessons and use our most valuable assets. Youth and action. This was a great perspective that every twenty-something person should highly consider reading.