4 out of 4 stars
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What Every Teen Needs To Know About Money, Accumulating Wealth and Becoming A Millionaire by Kenneth Daut is, as the name makes clear, an introductory book on how to manage your resources. As much as the title says that the book is for teenagers, nothing prevents a 30-year-old adult newbie from using this book as introductory reading.
Kenneth has written nine chapters that discuss various aspects, including motivation, personal experiences, summarized comments on bestsellers, and introductory notions of concepts such as compound interest and different financial assets.
The most striking thing about this book is how easy it is to understand. The author demonstrates from the first page that he is an average Joe like any other. After making several mistakes, and even though he had a family that didn't know anything about asset management, he had to learn on his own. Thus, the book is full of motivational content and explains introductory concepts that all those looking to accumulate money should know. There are also several pages dedicated to explaining the various financial assets available to the average investor. What I liked most was the fact that the author was honest and admitted that there is no magic formula on how to become a millionaire that applies to everyone.
I don't see anything negative that is worth mentioning. It is quite true that the author exaggerated the use of quotes. There are more than 20 motivational phrases throughout the book (ranging from athletes like Mike Tyson to philosophers like Confucius). I have advanced knowledge of the financial market, and I don't think it's very professional to exaggerate to do so. However, I think the strategy used might have been an intelligent way to get the message across to a teenager. The last thing a young person wants is to see complex math formulas in an introductory book. It is for this reason that I cannot regard this as a flaw.
On the whole, What Every Teen Needs To Know About Money, Accumulating Wealth and Becoming A Millionaire by Kenneth Daut deserves four out of four stars. This book is a very well-written introductory work that has everything to help those who are looking for a book that will serve as a gateway to the world of investing. Since I couldn't find a single grammatical error in more than 100 pages, it's reasonable to say that the book is professionally edited. I recommend it not only for teens but also for adults who don't have much experience in the investment world. The language is accessible, and the examples provided by the author are didactic and easy to understand.
What Every Teen Needs To Know About Money, Accumulating Wealth and Becoming A Millionaire
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