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    Summary of Erin Lowry's Broke Millennial
    Summary of Erin Lowry's Broke Millennial
    Summary of Erin Lowry's Broke Millennial
    Ebook69 pages46 minutes

    Summary of Erin Lowry's Broke Millennial

    By IRB Media

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    About this ebook

    Get the Summary of Erin Lowry's Broke Millennial in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: If you’re a cash-strapped 20- or 30-something, it’s easy to get freaked out by finances. But you’re not doomed to spend your life drowning in debt or mystified by money. It’s time to stop scraping by and take control of your money and your life with this savvy and smart guide.

    Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting).

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 7, 2021
    ISBN9781669342588
    Summary of Erin Lowry's Broke Millennial
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Erin Lowry's Broke Millennial - IRB Media

      Insights on Erin Lowry's Broke Millennial

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 15

      Insights from Chapter 16

      Insights from Chapter 17

      Insights from Chapter 18

      Insights from Chapter 1

      #1

      A donut shop owner learns about economics at the age of seven.

      #2

      The author’s parents, especially her father, used to teach her and her siblings important lessons about money through real-life stories. She eventually left her parents’ house at age twenty, and though she makes less money than her parents, she feels a sense of empowerment over the issue of money.

      #3

      The author, a journalist and theater major, wanted to help other millennials learn about money. She started a blog called Broke Millennial to demystify basic finance concepts and cultivate and strengthen her own financial literacy.

      #4

      The author, who started a personal finance blog while in college, has become an authority on millennial personal finance. She has shared her thoughts on money with the media, and has been quoted in articles published by Forbes and The Wall Street Journal.

      #5

      The author wants you to know that this book is not going to be a boring lecture on money. She wants you to understand that managing your money doesn’t have to be a chore, and you can do so having fun.

      Insights from Chapter 2

      #1

      Money can allow you to quit your job and be your own boss, travel the world, or indulge your passion for craft beer. It can also help you help others in need.

      #2

      You have a choice: you can let money control and define your life, or you can control it. Most of us choose the latter, but unless you take charge of your finances, money will control your life.

      #3

      There are three common groupings of millennials when it comes to their attitude toward money and the future: Team YOLO, Team Guarded Optimist, and Team Dreaming About Retirement.

      #4

      The Slowlane is a risky and difficult road to travel. It takes decades to build up your wealth, and even longer to destroy it. If you want to take control of your financial future, you need to leave the Slowlane behind.

      #5

      It is important to be realistic about your salary goals and your ability to achieve them. If you have a delusional vision of where you and your salary will be in five to ten years, you may end up shocked when reality hits you in the face.

      #6

      There are two types of people in the world: YOLOers and Scrooges. The YOLOers are the ones who want to live in the moment, and the Scrooges are the ones who plan for the future. It is important to have both in your life.

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