If You Can: How Millennials Can Get Rich Slowly

[Midpack]

Another very short (27 pg) eBook by Dr Bernstein that might appeal to those who periodically ask for a reference for their kids. Nothing most here don't know, but:

• a well condensed version (for the Twitter generation),
• addressing the challenges young investors face (quote below, good advice for all ages),
• written by an "expert" (what do parents know?).
• very inexpensive

Hurdle 1: Even if you can invest like Warren Buffett, if you can't save, you'll die poor.
Hurdle 2: Finance isn't rocket science, but you'd better understand it clearly.
Hurdle 3: Those who ignore financial history are condemned to repeat it.
Hurdle 4: We have met the enemy and he is us.
Hurdle 5: The financial services industry wants to make you poor and stupid.

I thought it was well worth $0.99, though I am an unabashed fan of Dr B (my AA is still based on 'The Four Pillars...')

 

[Sarah in SC]

Thanks 'pack, this will be a good recommendation for my millennial peeps!

 

[BTravlin]

Good post. I've read it and passed it on to my kids and nieces and nephews too.

 

[Midpack]

Excerpt on hurdle 2 (and 5)...

 

[dtbach]

Excerpt on hurdle 2 (and 5)...

Love it!!

I've done OK maybe even a little well but when my nieces and nephews ask me for advice I tell them "I don't know where the market is going and neither does anyone else" and then tell them to buy a bond index fund and stock index fund and periodically adjust.

You will get rich slow but it beats getting poor quickly.

 

[slowsaver]

The "If You Can" eBook can be gotten off Amazon for free today (May 5th).

 

[eytonxav]

An executive summary view of how to invest; I like it!