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? ›

Stocks: For millennials, most investing goals will be long-term goals such as retirement, which will be best accomplished through owning long-term assets like stocks. A stock is a partial ownership interest in a business and over time, the stock will perform similarly to the way the underlying business performs.

How can Millennials build wealth? ›

5 Steps to Becoming a Millionaire Millennial
  1. Step 1: Know the “why” behind your wealth building. ...
  2. Step 2: Start saving now. ...
  3. Step 3: Switch your savings gears. ...
  4. Step 4: If you change jobs, roll over your retirement. ...
  5. Step 5: Be active in your wealth-building plan.
Jun 11, 2024

Why is it so hard for millennials to save money? ›

Millennials and Gen Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings. Young adults' wealth is growing, but they're still living and spending in the here and now. Many feel they don't have a choice.

Why don't millennials invest? ›

A prime culprit: higher expenses that have limited their ability to put money aside for savings and investments. Only 11% have enough savings to cover the cost of living for more than a year if they had no income, while 48% cannot cover more than two months' worth of expenses, according to the report.

How are millennials spending their money? ›

Millennials are spending a lot more on healthcare and rented housing. Health-insurance spending stands out between the average adult aged 25 to 34 in 1989 compared to 2022. After adjusting for inflation, the average person in that age group spent $755 in 1989. In 2022, it was over 200% higher.

What is the wealth trend for millennials? ›

According to the study, the average millennial has 30% less wealth at the age of 35 than baby boomers did at the same age. Yet the top 10% of millennials have 20% more wealth than the top baby boomers at the same age.

How are Gen Z investing their money? ›

Emerging financial technologies are particularly popular with Gen Z. About a quarter of Gen Z investors hold both cryptocurrencies and stocks, and one in 10 own NFTs. Men in particular own cryptocurrencies and NFTs at a rate that nearly doubles that of women.

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

42.2% of millennials have no retirement savings while only 10.6% of millennials have at least $100,000 or more.

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