Review : Young , Broke , and Educated by Alexander Baima
Young , Broke , and Educated
By Alexander Baima
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My Rating 4.5/5
Synopsis
Alexander Baima graduated college with $80,000 in student debt at the age of 23 from one of the top 25 business schools in America. After college he went to work as a financial planner and serviced fortune 500 clients. He created the financial plans that brokers took credit for, and while they grossed millions a year, he made minimum wage.
At 29, his parents had a house with an $80,000 mortgage and a child – and they lived on one income. At 29, Alexander still had over $50,000 in student debt. How could previous generations have so much more than most millennials who still struggle with little hope for the future?
Young, Broke and Educated investigates the decline of purchasing power among young people, especially over the last generation. It explores in basic, easy to understand terms, how economic systems have evolved to hinder the financial success of millennials and the incentives that government, big business and banks have to prevent progressive change.
Alexander Baima, a master in the field of eCommerce and early adopter of blockchain technology, walks you through, step-by-step, what the issues are and what needs to change to ensure that millennials and future generations have access to the same type of success that previous generations took for granted.
At 29, his parents had a house with an $80,000 mortgage and a child – and they lived on one income. At 29, Alexander still had over $50,000 in student debt. How could previous generations have so much more than most millennials who still struggle with little hope for the future?
Young, Broke and Educated investigates the decline of purchasing power among young people, especially over the last generation. It explores in basic, easy to understand terms, how economic systems have evolved to hinder the financial success of millennials and the incentives that government, big business and banks have to prevent progressive change.
Alexander Baima, a master in the field of eCommerce and early adopter of blockchain technology, walks you through, step-by-step, what the issues are and what needs to change to ensure that millennials and future generations have access to the same type of success that previous generations took for granted.
My Thoughts
" The more you learn, the more you earn "
- Warren Buffett
Young , Broke , and Educated by Alexander Baima is an amazing guide/ Book which showcases the current financial situation and how previous generations have so much more than most millennials who still struggle with little hope for the future?
Alexander Baima the author himself who is a master in the field of e-commerce step by step guide you through different topics like our education system , jobs in various sectors , role of government , taxes , falling economy , fall of purchasing power of dollar, the future of Cryptocurrency backing it all up with well researched statistics.
Book also deals with becoming intelligent financially with proper knowledge. A human being have various type of intelligence and financial intelligence is one of them.
What is the real definition of financial freedom?
What is it mean to be financially inteligent?
Why it becomes even more important in case of an adverse scenario like job loss , , , economic crises and situations COVID-19 has created to learn about earning and investing intelligently?
These are some of the important questions that only get answered after reading " Young , Broke and Educated ".
" We often look at investment as money investments. The strongest asset a person can have, is a strong Financial IQ mind and Knowledge we have about finances. The book encompasses of ways you can invest in yourself and grow your skills to increase your money investments. It doesn't matter if your a business owner or an employee. You can always invest in yourself to reach your full potential.
Conclusion:
You must have read many Amazing books on investments , money making and finances like " Rich dad poor dad " , " the intelligent investor ". Now it's time to read another gem " Young Broke and Educated " By Alexander Baima
📓Why you should read this book?
✓ Short and sweet guide to learn about finances , economy , taxes and Cryptocurrency.
✓ Important aspects of finances described in the simplest language possible.
✓ Everyone who wants to learn about real investment will simply adore this book.
Kudos to the author for writing this amazing book.
Highly Recommended!
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