First to a Million: A Teenager's Guide to Achieving Early Financial Independence

First to a Million: A Teenager's Guide to Achieving Early Financial Independence

by Dan Sheeks

Narrated by Andrew Colford

Unabridged — 7 hours, 32 minutes

First to a Million: A Teenager's Guide to Achieving Early Financial Independence

First to a Million: A Teenager's Guide to Achieving Early Financial Independence

by Dan Sheeks

Narrated by Andrew Colford

Unabridged — 7 hours, 32 minutes

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Overview

Change the way you look at money before you turn 20-and become a FI Freak!

Most teenagers are told about only one financial path: Work until you're old and then retire. But what if you want to spend your adult life traveling, creating, or bettering the world instead of working all day, every day?

Financial independence (FI) is the only way to win the resource you can't rewind:*time. Time for yourself, time for your family and friends, and time for your dreams. Build the freedom to define your own future by building a strong financial base-which means saving more, spending less, and starting to invest as soon as possible.

First to a Million*explores the many advantages of FI while explaining the secrets of investing, living frugally, and maintaining an entrepreneurial mindset. Treating your finances differently than the average teenager will put you miles ahead of your peers, and with time (and compounding) on your side, you can win the game before it even starts!

Inside the Book, You'll Learn:

  • Why the typical American Dream pathway is not for everyone
  • How a FI Freak can take control of their financial future
  • The Four Mechanisms of Early FI (Spoiler: They're ridiculously simple!)
  • How to make more money as a teen with creative jobs and side hustles
  • How to be frugal and live richly with a life full of happiness and flexibility
  • The difference between income and wealth, real and false assets, and good and bad debt
  • Personal finance basics-like tracking income and expenses, building a credit score from the ground up, and calculating your net worth
  • Investing basics-like earning passive income, understanding the power of compound interest, and how index funds and real estate can build your wealth

Editorial Reviews

From the Publisher

"Dan Sheeks got this feedback from one of his high school students: "I just want someone to tell me what to do and keep it simple. What exactly should I do over the next couple of years, and when should I do it?”  Dan's response is the wonderful book First To A Million. I was blown away by the 'FI Freak Checklist,' which is a nearly guaranteed path to success for every person reading this book."
Brad Barrett, Co-host and co-founder of the ChooseFI Podcast

"Well organized into easy-to-read and reference chapters, the book simplifies a lot of what even adults may find challenging to understand in the world of personal finance... Although this book is geared toward teens, adults of all ages will surely find some truly valuable information in it that they can apply to their daily lives."
Kristi Elizabeth, Manhattan Book Review

"Money isn't taught in schools, and certainly not how to get financial independence at an early age. I found the book to be a great read for adults, too. It goes beyond the boring stuff of budgeting and digs into what makes you happy and how to think differently about money."
Scott Alan Turner, Rock Star Financial Planning

Kirkus Reviews

2021-10-13
An infomercial-style book about financial independence options and long-term goals.

Sheeks’ plan for achieving FI includes four useful mechanisms with clear and concise advice on how to earn more, spend less, save robustly, and invest wisely. The formula to reduce the burden of debt and grow wealth also features several short profiles of real young people and describes their experiences. The insights about time and frugality are highlights, and the 4 Percent Rule for savings and other tools encourage helpful reflection. Sheeks discusses how aggressive saving, establishing good credit, and wise investing will help readers obtain FI long before the usual age of retirement. However, with a limited analysis of alternate viewpoints and no mention of broader societal inequities that have an impact on personal opportunities and finance, such as race, sexuality, gender identity, and social class, readers could become wary of this approach. The weak, repetitive writing quickly becomes as tedious as an awkward middle-aged relative trying to sound hip, offering a handful of valuable perspectives that go somewhat against the grain of conventional wisdom about retirement yet delivering the feel of a long-winded sales pitch complete with multiple reminders to post selfies and videos featuring the book on social media.

A mildly informative but incomplete view of financial goal setting. (checklists, resources, notes, glossary) (Nonfiction. 14-18)

Product Details

BN ID: 2940192340080
Publisher: BiggerPockets Publishing
Publication date: 04/26/2024
Edition description: Unabridged
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