Synopses & Reviews
Synopsis
Rising star and financial guru Dasarte Yarnway shows readers that you don't have to wait to build intergenerational wealth until you're older, have a better job or more stability - the time to start is now. 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.
Synopsis
Being young is the ultimate advantage when it comes to building wealth. It may not seem like it when you look at your student loan debt or when the rent comes due, but you have a huge amount of a priceless resource: time. You just need to know what to do with it. Rising-star financial advisor Dasarte Yarnway offers a simple four-step mastery approach anyone can follow to become a Master Wealth Builder. It's a system he himself lives by.
You start by mastering the right mindset, says Yarnway. You need to always remember that you're in it for the long haul--wealth building is a marathon, not a sprint--and keep your eyes and your actions firmly fixed on your wealth-building goals. Then you have to create and master your plan. Yarnway provides advice on avoiding four critical financial pitfalls and a worksheet so you can assess exactly where you are financially, where you want to go, and how you're going to get there.
Once you have a plan, you have to start working that plan by mastering income--Yarnway looks at the three best ways to do that. With income handled, you have to master expenses. Yarnway offers seven simple ways you can control your outflows and discusses how you can minimize your tax burden while still handling your civic duties.
If you start wealth building now instead of ten or twenty years from now, you can experiment, learn from mistakes, bounce back from setbacks, and steadily and consistently build up your legacy. As Yarnway quotes Warren Buffet, "Someone is sitting in the shade today because someone planted a tree long ago." The sooner you plant, the more shade you'll have.
Synopsis
Turn Time into Money If you're under 40, you may not have a lot of money, but you're loaded with a valuable resource: time. It probably doesn't seem like it when you're looking at your student loan debt or scraping up rent money each month, but being young is the ultimate advantage when it comes to building wealth. Starting now means you can experiment, learn from mistakes, bounce back from setbacks, and steadily build your legacy.
Rising-star financial advisor Dasarte Yarnway offers a simple 4-step process you can use to become a Master Wealth Builder. It begins with having the right mindset--wealth begins in your mind and then is built every day through intentional actions. Yarnway examines:
The 4 most common financial pitfalls and how to avoid them
The 5 habits all Master Wealth Builders engage in
The 3 best ways to master your income
7 simple practices for controlling costs
A worksheet helps you assess exactly where you are financially, where you want to go, and how you're going to get there. So start now As Warren Buffett said, "Someone is sitting in the shade today because someone planted a tree long ago." The sooner you plant, the more shade you'll have.