How To Get Rich Before 30

Investing Guide for Teens and Young Adults to Achieve Financial Freedom as Early as Possible

Non-Fiction - Business/Finance
170 Pages
Reviewed on 07/15/2021
Buy on Amazon

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    Book Review

Reviewed by Astrid Iustulin for Readers' Favorite

In difficult times like these, young people have a hard time finding a stable and secure source of income. For this reason, learning to think outside the box and finding a smart way to make money has become a priority. A. B. Stanley's book, How To Get Rich Before 30, is the ideal companion for understanding how to invest your money wisely. Starting with useful tips on how to change your mindset and how to set and achieve your goals, How To Get Rich Before 30 shows you how to invest, minimize your expenses, and track your progress. In short, this enlightening guide explains everything you need if you are thinking about investing for the first time.

How To Get Rich Before 30 is a book that I read with avid interest. It helps even the less experienced to understand how to have great results by investing. As I read many personal development books, I was pleasantly surprised that A. B. Stanley put a chapter on having the right mindset at the beginning of his book. Readers will quickly recognize the importance of thinking right about both the business of their choice and themselves, thus achieving better results sooner. In addition to this, How To Get Rich Before 30 is a mine of information. Stanley knows the difficulties young people might have and carefully guides them through this difficult subject, making it clear and simple. I am very happy with How To Get Rich Before 30. With its remarkable clarity, it makes valuable information accessible to all.

Asher Syed

How to Get Rich Before 30 by A. B. Stanley is a nonfiction book wherein the author offers their point of view in Investing Guide for Teens and Young Adults to Achieve Financial Freedom as Early as Possible. Stanley breaks the book down into eight interconnected parts, from mindset, goals, and the importance of starting early, to positing the highest probability of increasing income, investing in multiple forms, minimizing debt, and staying the course. Throughout, Stanley provides anecdotal stories and scenarios with the intent to inspire and tackles some of the more nuanced basics while building on that foundation to branch out in alternative directions.

A. B. Stanley has put together a book that has a lot to offer the next generation of investors in How to Get Rich Before 30, something that I almost missed because of the title feeling a bit on the gimmicky side. There are a great many factors that go into earnings and wealth growth but often the simplest are overlooked. Stanley does well in connecting the dots without attempting to reinvent the wheel, providing practical advice for those who are more forward-thinking in their approach to their financial future. There are some recommendations that I don't entirely agree with. Income inequality isn't a concession made for readers who would like to pull themselves up by their bootstraps—but first, they need to actually have the boots—and in this regard, it is perhaps those who need this advice the most that will not have access to it. Still, for those who are starting on a clean and even plate, there's a lot of good to be learned from this book and a little something for everyone.

Marta Tandori

How to Get Rich Before 30: Investing Guide for Teens and Young Adults to Achieve Financial Freedom as Early as Possible by A.B. Stanley is a great introduction to savings and investing at any age. This is directed toward teens and young adults but serves as a practical blueprint for saving and investing at any age. Having the right attitude, especially about money, identifies and reinforces the importance of a positive mindset. Stanley introduces readers to the Ramsey Money Principle – actualizing financial goals by creating a monthly budget, spending less than what you earn, and not accumulating unnecessary debt. Important concepts like the power of compound interest are discussed, as are the differences between saving and investing while providing useful tips on how to track financial progress and manage an investment portfolio.

Stanley is a part-time coach and a lifelong investor whom his father had taught, and he’s now paying it forward by teaching his own children the importance of saving and investing as well as others who are ready to take charge of their financial future. Some of the author’s revelations aren’t revelations – more like common sense principles – yet their reinforcement is important. Building multiple income streams by starting a side business, turning hobbies into money, and setting up a passive income all receive their due under the author’s tutelage. Charts are provided that illustrate how compound interest works, as are scenarios that provide relatable saving and investment examples. Stanley also pays homage to the value of a tax-free or tax-deferred investment plan and also lists several of them. While these investment plans are U.S. specific, most countries offer their own versions, and again, the charts he provides are invaluable in underscoring the importance of these plans.

Perhaps the most important underlying message is that there’s no need to impress anyone. Living beyond your means or living to impress your family, friends, and neighbors won’t put you on the track to wealth. Setting clear financial goals, not accumulating unnecessary debt, and always educating yourself will get you to your goals. Sound advice told in a no-nonsense, relatable manner makes How to Get Rich Before 30 a valuable book for anyone wanting to achieve their financial future.

Foluso Falaye

When it comes to investment, it is best to start early as explained by A. B. Stanley. Coming from a "part-time coach and a lifelong investor", How To Get Rich Before 30 contains the best practices, habits, and information needed for young adults and teenagers to realize financial freedom early in life: the basics of investment, how to raise money for investment, different types of investments and how to recognize the ones with the highest returns, how to set clear financial goals and achieve them, and how to reduce expenses and develop the right mindset about money. How To Get Rich Before 30 is a must-have for every teenager and young adult who wishes to transform from not having enough to having lifelong wealth.

I liked that the book is not only about becoming rich but also about developing great habits for achieving a successful and fulfilling life. A. B. Stanley details the value of learning and reading like Warren Buffet and Bill Gates and cutting according to one's cloth instead of showing off and trying to catch up with others. This is an important lesson for a generation growing up in an age that is heavily influenced by social media trends. As someone who has a background in economics, I totally agree with the detailed, all-encompassing suggestions—from calculations for creating budgets and setting financial goals to app references and practical guides that target money-draining habits like monthly subscriptions to online streaming services. Books like How To Get Rich Before 30 should be taught in schools around the world as early financial education needs to be taken more seriously!

K.C. Finn

How To Get Rich Before 30 is a work of nonfiction in the business and finance genre. It is aimed at young adults and was penned by A. B. Stanley. The book serves as a guide for people in their teens and early twenties who wish to understand the world of stocks and investments. Focusing its advice on how to set aside enough money to invest as well as how to get the most out of investing it, the book aims to be a beginner's guide to those wishing to build a healthy portfolio of investments as early as possible.

It's a daunting prospect for young people who are just getting started in the world of work to take money out of their day-to-day living costs and put it away for a rainy day. It may seem like an act of insanity to push your budgeting to the limit for a few years to make life easier for yourself at some undetermined point in the future. But A. B. Stanley has put together a comprehensive guide on getting the best of both worlds: making minor acceptable changes to your life today so that you can have a nest egg waiting for you down the line. The advice on offer is well-considered and presented in an easy-to-understand way. How To Get Rich Before 30 does a wonderful job of breaking down a seemingly impossible task into manageable and easy-to-follow steps that anyone could follow.