Personal Finance for Teens & Young Adults

Life Skills Not Taught in the Classroom: Maximize Understanding of Banking Basics, Budgeting & Money Management

By: CJ Douglas

Narrated by: N.W. Edwards

Length: 3 hrs and 21 mins

Publisher's summary

Why most of the people you know will never become financially independent

Ever wondered why close to 70 percent of the country’s wealth goes to 10% of the population?

Want to know what mistakes keep the bottom 90 percent from becoming rich?

Looking for tips on how you could become part of the top 10 percent?

If you’re listening to this, chances are you already understand one of the sadder truths about today’s education system.

Now, this has got nothing to do with the teachers. In fact, it’s got more to do with the students.

Here’s why:

That statistic above—10 percent of the population owns almost 70 percent of the wealth in America—it’s not just some made-up number copied off some random site.

It’s from a report published by the U.S. Federal Reserve.

Now, when most people see that number, they tend to think it’s “unfair.” That the financial system is “rigged.”

And that’s exactly why 56 percent of the population don’t have enough money to cover a $1000 emergency expense, according to CNBC…why 45% of six-figure earners are still living paycheck-to-paycheck…and why the bottom 90% regularly own less than a third of the nation’s wealth.

It’s a problem that goes much deeper than the financial system… or the education system… or pretty much any system there is. And it all comes down to one common fact:

Herd mentality.

Think about the difference between you and your classmates. Most people you know are doing what everyone else is doing — taking the same standard courses and studying for the same standardized tests. That’s why you’re reading this and they’re not.

Because you’ve realized that doing what’s “standard” only leads to standard results. Like a standard job. Making standard money. Living a standard life.

And if you don’t want to be just standard… if you want to become part of that top 10 percent...that means doing what 90 percent of the population won’t.

That’s where this book comes in, and what makes this particular personal finance guide so different from all the rest. It covers tips and bits of information that go beyond what they teach in school, like simple wealth-creation strategies that even adults know nothing about.

Here’s a quick look at what you’ll discover inside:

• The key difference between being rich and being wealthy, and the 5 habits that can help you build a solid base of wealth, even if you’re barely 19
• The simple formula that can help you figure out how to double your money with just a few minutes of mental math
• The two financial traps that even rich people fall for, and how you can avoid them altogether
• How inflation “strangles” your savings and dreams of retirement, and what you can do to stay ahead of the curve
• What to look for when picking a savings account

©2023 CJ Douglas (P)2023 CJ Douglas

Exceptional

Personal Finance for Teens & Young Adults is an exceptional audiobook that delivers crucial life skills often overlooked in classrooms. The content is masterfully organized, turning complex financial concepts into easily understandable lessons. Real-life examples and practical strategies provide relevance, ensuring that listeners can confidently apply the knowledge to their own situations.The narrator's engaging voice makes learning a pleasure, catering to both novices and those with some financial understanding. What truly sets this audiobook apart is its focus on life skills beyond numbers – it cultivates responsibility and empowerment when it comes to managing finances. It's an invaluable guide that every young adult should have to build a strong financial foundation.

AN EDUCATIONAL RESOURCE!

This audiobook is worth listening to, especially for young people interested in handling their money, this book clearly explains all the strategies for saving money. I hope it will be very helpful for the youth as it will play a role in achieving their goals. I personally learned a lot from this book and recommend it to everyone out there.

Value Information

The narration is clear, engaging, and easy to follow. The narrator's tone strikes a balance between being informative and relatable, which is essential for the target audience of teens and young adults. The pace is consistent, allowing listeners to absorb the information at their own rate without feeling rushed.
This audiobook equips its audience with practical knowledge, enabling them to make informed decisions about money from an early age. By emphasizing budgeting, banking, and essential money management, the audiobook empowers young listeners to navigate financial challenges confidently. The inclusion of real-life examples and scenarios further enhances the relevancy of the content.
"Personal Finance for Teens & Young Adults: Life Skills Not Taught in the Classroom" I highly recommended the audiobook for its informative content, approachable delivery, and relevance to its target audience. It lays a strong foundation for teens and young adults seeking financial independence and success.

Highly informative and easy to understand!

If you are looking to learn more about finance and how you can use it to improve your life and your future, this is the book to read! CJ Douglas goes into great detail about how to make the most of your bank, pay check, and financial future! This book contains a ton of great advice and has a lot of practical examples that anybody, not just teens can use.

The narrator also did a great job keeping me engaged and was very easy to listen to. Great book!

Definitely recommend!

Financial Freedom

Tremendous resource for young people tp understand finances. From choosing the right checking account to understanding budgeting, the author has done a fabulous job of making it all applicable. Very well written and so in depth, even including how to manage credit cards and cash apps.

Great intro to investing and finance

For those young adults looking to get started in the world of investing, this audiobook is an excellent starting point. It explains the basics of stocks, bonds, mutual funds, and other investment instruments in simple language that makes it easier to understand. Readers will also get tips on how to manage their investments and stay informed about the latest market trends. This audiobook is an invaluable guide for any aspiring investor. Highly recommended!

A nice resource to teach your teenager about finances

I have a teenager and to me is very important to teach her how to use money wisely, so I got this audiobook. The book covers so many important topics. For example, budgeting strategies that are very practical and easy to implement, I liked that she provides the pros and cons of each strategy and recommends some apps for budgeting. This information will be very easy for my daughter to understand and choose what works for her. After listening to this audiobook I feel more prepared to teach my daughter how to have better finances.

Finance Unleashed: Beyond Classroom

"Personal Finance for Teens & Young Adults" is a refreshing departure from standard education. This audiobook shatters the myth that traditional schooling prepares us for financial success. With eye-opening statistics and a no-nonsense approach, it's a wakeup call for anyone looking to thrive financially.

The author nails the core issue: herd mentality. This audiobook encourages young adults to break away from the norm, to not settle for a standard life. It's a guide that navigates through practical tips and strategies that most schools overlook, like the difference between being rich and being wealthy.

One of the standout features is its focus on the psychology of money. It delves into the traps people fall into, including the wealthy, and how to avoid them. The insights on inflation are invaluable, a topic often glanced over in traditional financial education.

"Personal Finance for Teens & Young Adults" offers a rare blend of wisdom and actionable steps. It's a financial education that goes beyond the classroom, equipping listeners with the knowledge and mindset needed to navigate a world where true financial independence is more than just a dream.

Teach your kids to be financially independent

This book starts out with a bang of showing that a mere 10% of the population commands the nearly 70% of the country's wealth. That's crazy! I like that this author takes a different approach compared to other books I have read because this author brings in the education system. The author reviews how our education system might not fully prepare us to navigate the world of finance. This is no fault of the teachers themselves but more of looking at the curriculums to see what is truly important. Pretty sure I have not once used my knowledge on covalent bonds in my adult life but managing my money and learning to make good choices, that was never reviewed.

The book breaks down herd mentality, the drive to conform and adhere to what's "standard". The author compares those who settle for the norm and those who choose to diverge from the crowd. Most of these books are pretty standard in just teaching kids how to manage money but with this book is teaching them how to step up and make significant changes that will help provide them with the life they want.

I love that the book offers tangible solutions and helps to bridge the gap between basic financial advice and the nuanced strategies that can be truly set your course with a trajectory of success.

Take Control of Your Finances and Save

Personal Finance for Teens & Young Adults is an essential tool that every young adult should have as they start their financial journey. This book offers valuable life skills that aren't taught in the classroom, including banking basics, budgeting, and money management. Inside, you'll discover the difference between being rich and being wealthy, and the five habits you need to build a solid foundation of wealth, even if you're just nineteen. With a simple formula, you'll learn how to double your money with just a few minutes of mental math. Plus, you'll also learn about the two financial traps that even rich people fall for, and how to avoid them altogether. Additionally, this book explains how inflation can impact your savings and the importance of staying ahead of the curve. Lastly, you'll find tips for picking a savings account that suits your needs. Overall, Personal Finance for Teens & Young Adults is a must-read for anyone looking to take control of their financial future.