Master Personal Finance for Teens and Young Adults

Achieve Financial Independence and Confidence with Proven Money Management, Budgeting, Saving, Investing, Debt Management, and Credit Building

By: Thuy Truong

Narrated by: Bryan Hughey

Length: 4 hrs and 16 mins

Publisher's summary

Why is it that only a handful of people end up with most of the world’s money, while the rest have to fight over scraps?

It’s a problem that has puzzled many… and unfortunately, even money can’t solve it.

In fact, the solution is an even bigger problem that most people never bother to pay attention to.

And it all comes down to having the right beliefs about money… beliefs that let you welcome wealth into your life.

Schools don’t teach this, nor do most financial experts, who are only focused on the “technical” side of things.

And this is why only some people grow up to become millionaires… while others struggle to make ends meet throughout their lives.

That’s where this book can help.

Rather than diving into the complexities of personal finance, it focuses on the 7 “counterintuitive” principles of what’s called the Prosperity Mindset.

These principles reframe the way you think about money to show you how it can in fact “buy” happiness… why most people starve themselves of wealth… and how there’s plenty of money to go around.

Here are just a few of the unique finance “secrets” you’ll find inside this book:

The 7 Prosperity Mindset shifts that may completely change the way you think about money… and allow you to become richer than you ever thought possible

Arguably the best lifelong investment you can make that not even banks can take away from you (even if you’re still in high school)

How to build a profitable side hustle that doesn’t end in failure — ironically, this has less to do with money than most people think

11 major money mistakes that people make throughout their adult life — and what you can do to avoid them

Why the amount you invest matters less than you think (and what you should be focusing on instead)

How to put together an effective budget you can stick to in 3 simple steps (plus, the one critical step people forget to take BEFORE creating a budget)

9 money myths that prevent people from having the life they deserve —

©2024 Thanh Thuy Truong Vu (P)2024 Thanh Thuy Truong Vu

Packed with Practical Wisdom

I wish I had had this when I was younger. This seems to cover everything you need to succeed in your personal finance.
It includes 3 principles: surviving, adding value, and happiness. Skills for all of your money management. Prosperity mindset vs scarcity mindset: how each shows up in life and how you can switch to a prosperity mindset.

The author dispels many myths we usually have about money so we have the information we need to succeed.
"Carreer decisions are investment decisions” was a point that stood out to me because often people don’t think ahead to their future.

Seriously, this book was packed with so much knowledge and wisdom and didn’t stop at the basics.
The author provided options for various income streams, good and bad debt, taxes, investments, and all the things one needs to consider. A wonderful book.

Wealth of Knowledge and Practical Advice!

I recently listened to "Master Personal Finance for Teens and Young Adults" by Thuy Truong, narrated by Bryan Hughey. I was highly impressed with this audiobook's wealth of knowledge and practical advice.

Truong does an excellent job breaking down complex financial concepts into easy-to-understand language that is accessible to teenagers and young adults, such as the 7 Steps for a Prosperity Mindset. This audiobook comprehensively and engagingly covers all aspects of personal finances, from budgeting and saving to investing and credit building.

Hughey's narration is clear, engaging, and east to follow, making it a pleasure to listen to. His calm and soothing voice helps make the sometimes daunting topic of personal finance more approachable.

Overall, I highly recommend "Master Personal Finance for Teens and Young Adults" to anyone looking to better understand how to manage their money effectively.

The Prosperity Mindset for Young Adults

This audiobook offers a groundbreaking approach to personal finance explicitly tailored for teens and young adults, challenging conventional beliefs about money and guiding readers toward a Prosperity Mindset. Instead of focusing solely on technical aspects, this guide delves into the seven "counterintuitive" principles that redefine wealth acquisition and happiness. It's filled with unique insights, from the best investments for long-term security to practical steps for avoiding common financial pitfalls. This book is ideal for those looking to understand and transform their financial future. It isn't about quick riches but about cultivating sustainable wealth-building habits for a life of abundance and financial independence.

Financial Freedom Awaits

"Master Personal Finance for Teens and Young Adults" is a must-listen for anyone looking to build a solid foundation for their financial future. As a young adult navigating the complexities of money management, this audiobook served as a trusted guide, providing me with actionable strategies to achieve financial independence. From setting financial goals to understanding the basics of investing, each chapter offers valuable insights and practical tips that are easy to implement. Whether you're a teenager starting your financial journey or a young adult looking to improve your money management skills, this audiobook is an essential resource.

Outstanding

The material in his book is excellent for helping teenagers and even young adults understand personal finance. The way one thinks about money can be altered by this book. There is a wealth of knowledge available to help you with your finances. You can learn about subject matter, the author is smart and the book is more than a cursory internet search. Every chapter provided insightful information that is simple to put into practice. I heartily urge you to read this book. I believe young individuals could also profit from this book as well as older people if they desire to improve their financial status.

Such important financial advice!

What a great tool to start building your financial prowess at a young age! This book is very approachable in the way it conveys important principals of finance, investing, budgeting, and saving for the future. It focuses on the psychological aspects of your mindset about money and goes beyond purely technical financial advice, so that you can learn how a positive outlook on money can lead to personal richness. Highlights include the importance of investing in oneself, strategies for successful side hustles, avoiding common financial pitfalls, and debunking pervasive money myths, all geared towards fostering a healthy, abundant relationship with finances.

Understand how to make and keep your money

This audiobook is like a magic book that helps you think differently about money.

It teaches you about the Prosperity Mindset, which means thinking about money in a way that can make you happier and more successful.

It explains seven special rules in easy words, without any confusing or hard-to-understand language, that can help you see money, happiness, and lots of money in a new way.

Whether you're just finishing high school or you're already grown up, this book has something new for you to learn about making and keeping money.

Helpful insights

When I was a kid, I didn't exactly have a lot of financial know-how especially as my parents themselves had difficulty with handling money, so what I learned from them wasn't exactly correct nor the best advice, although they tried hard. With this audiobook, it is a good reference for teens and young adults on how they can manage their finances. You don't have to wait until you are older to learn; the younger you are, the better it is to learn and then you will know the right things to do and not to do from then on. The author covers topics on budgeting, saving, and investing, and what you can do to build good credit as you will need this later on in your life. This book is a must-listen; I recommend it.

Great gift for my daughter

My daughter just recently got a job, and I wanted her to have a more relevant book now that she has money to consider spending. She is 18 years old and graduating high school this year, so it's time for her to really start to learn what it means to manage her money and her behavior with her money. I was never taught to control how I wanted my money to behave. Instead, for many years, I let my money control how I got to live. I was constantly living paycheck to paycheck, but instead, I needed to dictate where my money should be allocated.

I had my daughter listen to the book, and we were able to have really good conversations in which she asked a lot of really good questions. I'm glad I had the book to discuss these topics with her. This way, it wasn't just me trying to tell her how I think she should handle things but instead a book that could help her understand the why behind her actions with money.

it's never too early to build a bright future

Oh, my dears, this book is like a treasure chest filled with wisdom about handling money, something I wish I had when I was your age. It talks about three big ideas: how to make do, how to be valuable, and how to find joy in life, all through managing your pennies and dreams wisely. It opens your eyes to the truth about money, teaching you to think big and positively, rather than being scared of not having enough. The author cleverly shows that choosing a career is like planting a seed for your future wealth, and dives deep into smart ways to earn, save, and grow your money, including understanding the good and bad of debts, taxes, and investments. Listen closely, start learning these lessons now, and you'll thank yourselves later; it's never too early to build a bright future.