Young Money

Summary

The problem for most Americans is not lack of income. A bigger, more widespread problem is the lack of discipline needed to adhere to long-term financial goals. This book shows readers how to make the mindset shift required to successfully plan for the future.

In most personal finance books you'll read, almost redundantly, that the road to wealth is made up of 80% behavior and 20% application. You'll also read that building wealth is about the long game and planning for the future. The overwhelming majority of successful financial planners know this to be true - so why are the bulk of young Americans still fixated on the get rich quick mentality? Because they haven't received adequate advice on how to identify their true motivations for building wealth - until now. In order to build wealth that lasts for generations, we must access our deepest desires, whether that is sharing with our community, security for our family, or leaving behind a legacy.

This book is designed to help people under 30 envision building multigenerational wealth by committing to a mindset of discipline that goes beyond retirement planning but instead, plan for a legacy. Yarnway walks readers through the different decades of their life, from the "roaring twenties" through the "thrifty fifties and beyond," explicitly showing how readers will be building intergenerational wealth at each stage. Wealth building isn't something that can be left until later - financial stability depends on the disciplined mindset that is created now.