Broke Millennial Takes on Investing : A Beginner's Guide to Leveling Up Your Money - (Paperback) - by Erin Lowry (2024)

About the Book

"A guide to investing basics by the author of Broke Millennial, for anyone who feels like they aren't ready (or rich enough) to get into the market"--

Book Synopsis

A guide to investing basics by the author of Broke Millennial, for anyone who feels like they aren't ready (or rich enough) to get into the market

Millennials want to learn how to start investing. The problem is that most have no idea where to begin. There's a significant lack of information out there catering to the concerns of new millennial investors, such as:

* Should I invest while paying down student loans?
* How do I invest in a socially responsible way?
* What about robo-advisors and apps--are any of them any good?
* Where can I look online for investment advice?

In this second book in the Broke Millennial series, Erin Lowry answers those questions and delivers all of the investment basics in one easy-to-digest package. Tackling topics ranging from common terminology to how to handle your anxiety to retirement savings and even how to actually buy and sell a stock, this hands-on guide will help any investment newbie become a confident player in the market on their way to building wealth.

Review Quotes

A great intro for newbies to the terribly complicated financial world, mixed with personal advice on how to handle debt and emulate the mindset of the wealthy. A wonderful resource.
--Danielle Town, author of New York Times bestseller Invested and founder of The Invested Practice

Erin is uniquely capable of making even the most difficult-to-understand financial concepts into something you actually want to talk about, and investing is no exception. If you are intimidated (or, frankly, bored) by the idea of investing, let Erin prove you wrong on both counts with this fantastic book.
--Chelsea fa*gan, co-founder of The Financial Diet

Erin delivers exactly what she promises in this easy-to-digest, conversational book. If you're a Millennial who wants to invest but don't want a boring tome to put you to sleep, this guide gets you started without drowning you in technical jargon. 'Level Up' your money by reading this book!"
--Kristy Shen, co-founder of Millennial Revolution and co-author of Quit Like a Millionaire

Broke Millennial Takes On Investing is the beginning investing book you've been waiting for. Not only does she break down investing terms, but she also explains 'the why' in a way that will resonate with millennials and non-millennials alike. What most impressed me is Erin's ability to explain how to invest in a way that is easy to understand and implement. As a former preschool teacher turned financial educator, I can say that this book has all the hallmarks of a great, transformative read. If you're starting your investing journey, bring this book along with you.
--Tiffany The Budgetnisa Aliche

Erin compares asset classes to craft beers. Need I say more? She explains investing in a way that's simple and easy-to-grasp without being simplistic. She entertains you with stories of Dutch tulips and Ask Jeeves, introduces you to new technologies, walks you through ethical investing and explains the investment landscape so well, you'll feel like an expert by the time you finish reading this book.
--Paula Pant, Founder of AffordAnything.com and Host of the Afford Anything podcast

Praise for Broke Millennial Takes on Investing

She [Erin Lowry] offers clear discussions of everything from individual stock picking to impact investing to the benefits of investing even when you're risk averse.
--The New York Times

It's the youthful perspective that makes this book so refreshing. It's well written and researched by a millennial for millennials. You hear their voices and their concerns without the judgment, sarcasm and superiority we older folks too often convey when we talk to young adults about money.
--The Washington Post

Erin Lowry's Broke Millennial is a charismatic guide to personal finances for people seeking a modern, thorough introduction to the topic.
--Refinery29

"A new book about money that teens and millennials will actually read.... This not only has great insights and tips about handling money, but it's written in a casual, relatable way."
--Time

"Following up on 2017's Broke Millennial, Lowry tackles her generation's queasiness with financial markets as an instrument for building wealth."
--Publishers Weekly

About The Author

ERIN LOWRY is the author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together and Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money. Her first book was named by MarketWatch as one of the best money books of 2017 and her style is often described as refreshing and conversational. Erin's appeared on CBS Sunday Morning, CNBC and Fox & Friends. She has written for Fast Company, Cosmopolitan Magazine and Refinery29 and regularly speaks at universities and conferences around the country. Erin spent most of her childhood living in Asia, but now settled in New York City with her husband.

Broke Millennial Takes on Investing : A Beginner's Guide to Leveling Up Your Money - (Paperback) - by Erin Lowry (2024)

FAQs

How are Millennials investing their money? ›

Millennials are paying off the past and saving for the future simultaneously. Sixty-four percent of millennials are invested, with the most favorable form being crypto, according to a 2022 Investopedia study. In 2022, one in three millennials were invested in crypto, with the next most popular being stocks.

How can Millennials build wealth? ›

“As a millennial, if you are investing in your accounts — 401(k), Roth IRA, HSA, investment account — setting up automatic contributions on a monthly or per-paycheck basis, and over time if you are increasing the amount you are adding to those accounts, this allows your wealth to grow for you,” said Darren L.

How much money does the average millennial have in their bank account? ›

As you can see, all three groups — early adult Gen Zers, young millennials and older millennials — are all most likely to have $100 or less in savings. That's insufficient by any standard and enough to cover only the least expensive emergencies.

What do millennials spend the most money on? ›

The average millennial is now entering their "sandwich generation" era and willing to spend lavishly to have more time to themselves. Colleagues and friends said they're spending money on house cleaners, babysitters, elder-care workers, dog walkers, and smart-home features.

What do millennials value the most? ›

Millennials embody a set of evolving values and aspirations that greatly influence their choices and behaviors. This generation highly values authority, achievement, and influence, demonstrating a strong desire for control, success, and recognition.

Which generation is the wealthiest? ›

Millennials stand to become the richest generation in history, after $90 trillion wealth transfer | CNN Business.

What is the fastest way to create generational wealth? ›

Follow these five steps to get started on your generational wealth building journey:
  1. Step 1: Pay off Debts. Think of debt as missed opportunity. ...
  2. Step 2: Buy a House. ...
  3. Step 3: Start Long-term Investing. ...
  4. Step 4: Put an Estate Plan in Place. ...
  5. Step 5: Share Your Financial Wisdom.
Mar 19, 2024

Why are millennials struggling financially? ›

Many factors are at play, including income, debt, dwindling savings, and poor financial choices. Close to 75% of millennial women and 70% of all those surveyed say they struggle to make ends meet with their current salary. The average income for millennials surveyed is $74,106, roughly $35 an hour.

What percentage of millennials have $100 000 or more invested for retirement? ›

The fraction of millennials with at least $100,000 in retirement is significantly less than the portion of millennials who have no retirement savings. 42.2% of millennials have no retirement savings while only 10.6% of millennials have at least $100,000 or more. 8.

Where do Gen Z invest their money? ›

Diversify your portfolio

Data shows that 55% of Gen Z invest in cryptocurrencies, 41% in stocks, and 25% in NFTs.

Top Articles
Latest Posts
Article information

Author: Dr. Pierre Goyette

Last Updated:

Views: 6327

Rating: 5 / 5 (70 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Dr. Pierre Goyette

Birthday: 1998-01-29

Address: Apt. 611 3357 Yong Plain, West Audra, IL 70053

Phone: +5819954278378

Job: Construction Director

Hobby: Embroidery, Creative writing, Shopping, Driving, Stand-up comedy, Coffee roasting, Scrapbooking

Introduction: My name is Dr. Pierre Goyette, I am a enchanting, powerful, jolly, rich, graceful, colorful, zany person who loves writing and wants to share my knowledge and understanding with you.