Millionaire By Thirty: The Quickest Path to Early Financial Independence
by Douglas R. Andrew, Emron D. Andrew, Aaron R. Andrew
Published by Business Plus
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at Amazon.com
Reviewed by Michele E. Davis
Money. Lots of it. By thirty. Who wouldn’t be intrigued by these promises? The advice in this book is not applicable to all of us. Douglas’ sons, Emron and Aaron, were indoctrinated into the Mormon lifestyle and then immediately into their father’s business. Most people actually attend university, have student loans and cannot manage on the pathetic “Missed Fortune 101 Budgeting Template (Sample),” mostly because it’s completely unreasonable. Maybe in Utah expenses are 10x less than they are in other cities, but as a saver, I couldn’t even manage with the expenses that were listed in the pretend chart. A water bill that includes sewer and trash for $30, heck, let me live there! My household pays $70/month, not $30, and these figures are all off. Internet for $25? Where?
The unconventional information about our nationwide housing market is good, but if you start a family and have student loans, you don’t have much to spare after a mortgage payment. Granted, most people are starting families later, but not mid-30s, as there is grave obstetric evidence that waiting until later in life to have children causes abnormalities. The authors’ best asset is their discussions of how strong relationships, a well-rounded work/life balance, tithing to a charity or church, and emotional security can, and will, impact everyone’s ability to manage their finances. But if you’re looking for a quick-fix answer to making a million before thirty, you need to pass and just pay yourself first!
Decent book with many flaws, but an easy read and well worth it if you find it used to give a younger person a different perspective than their parents handed down to them.
Armchair Interviews agrees.