« previous next »
Pages: 1

Author Topic: IF YOU CAN: How Millennials Can Get Rich Slowly  (Read 7229 times)

thecornercat

  • 5 O'Clock Shadow
  • *
  • Posts: 77
  • Location: Toronto
IF YOU CAN: How Millennials Can Get Rich Slowly
« on: August 04, 2014, 09:19:10 AM »
Just in case it's useful, thought I'd share this booklet written by William Bernstein for those of us who are young'uns: https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf


Booklet itself is short but comes with a reading list!
Logged

Philociraptor

  • Handlebar Stache
  • *****
  • Posts: 1131
  • Age: 34
  • Location: NTX
  • Eat. Sleep. Invest. Repeat.
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #1 on: August 04, 2014, 09:49:00 AM »
It's lacking in financial independence topics, but shows how a 15% savings rate invested in a three-fund portfolio will make any person ready for retirement in the conventional number of years, a great starting point for most young people who know nothing about investing or savings.  I haven't started the reading list yet because a couple of the books have new versions coming out soon, but I'm a big fan of Bernstein. Most of the young folks on this forum are already more advanced than what the book covers, but it's so short it's worth a read anyway.
Logged

Ambition89

  • 5 O'Clock Shadow
  • *
  • Posts: 24
  • Age: 34
  • Location: Washington, DC
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #2 on: August 05, 2014, 11:09:26 AM »
Thanks for posting! While nothing groundbreaking for most people on this site, this booklet can certainly point most people of my generation, who are financially illiterate, in the right direction.
Logged

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28444
  • Age: -997
  • Location: Seattle, WA
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #3 on: August 29, 2014, 11:41:30 AM »
I think it's a good, solid base of information to start from for pretty much any young person.  Then, if you and they are so inclined, you can nudge them more towards reject consumerism/Mustachianism stuff.  ;)
Logged
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

loveChloe

  • 5 O'Clock Shadow
  • *
  • Posts: 4
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #4 on: December 14, 2014, 07:02:05 AM »
Will present this book tomy brother. He is 25, this book is exectly for him! Thank you do much!
Logged

Koogie

  • Stubble
  • **
  • Posts: 217
  • Location: Toronto-ish
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #5 on: March 05, 2016, 11:48:30 AM »
This book is free again for a time on Amazon:

If You Can: How Millennials Can Get Rich Slowly Kindle Edition
by William J Bernstein
http://www.amazon.ca/gp/product/B00JCC5JKI

~~If You Can is a short, inexpensive e-booklet aimed at getting twenty-somethings with their first 401(k) started on the path to retirement saving and investing.
Logged

Cognitive Miser

  • Stubble
  • **
  • Posts: 133
Re: IF YOU CAN: How Millennials Can Get Rich Slowly
« Reply #6 on: March 22, 2016, 01:00:15 PM »
I think it is a good introduction for an intelligent 20-something.  Maybe not the average 20-something.  He says somewhere in the text that he wrote it with his grandchildren in mind, and he very likely has smart grandkids.  He uses a lot of obscure vocabulary, which I think might scare off the average reader.

I found it useful mostly as a reading list.  Each of five sections has "homework" which is to go read a book or two on a few specific topics.  Some I had read, others I had not.
Logged
Pages: 1
« previous next »