One Million and Beyond

Book Review – Rich by Thirty

By Matt - Tuesday, February 10th, 2009

Being Rich by Thirty was something I wanted to do when I was younger and had just started working; unfortunately for me the reality is that I’m now 31 and still not rich. I will freely admit that the title of this book really caught my attention and was the main reason I bought it. I didn’t buy this book in some vain hope that I would learn some magical secret to getting rich. I did hope to find some good information about what people have done to get them some measure of wealth.

What I did find was something entirely different; Lesley Scorgie has written what I would consider to be a pretty basic introductory book to personal finance. Rich by Thirty is a great first place to get a good sense of what money and personal finance are. From here you can expand your learning with some of the fields more ‘classical’ works.

I have to admit I was a bit disappointed with Rich by Thirty because it really focused on people who had no experience with money. The book was writing keeping in mind people who are at the end of high school and at the beginning of college and have little to no knowledge of money, saving, or how investment vehicles work. The nice thing about the book is it makes no assumptions about your previous knowledge and starts with the basics.

I won’t pretend to have a vast array of knowledge about investments or even personal finance but I have been interested in the topic for a few years and as a result I’ve learnt a thing or two. For me the book was a good refresher to remind me where I was not too long ago. If you’re just starting out in life and want a good book to give you some basics for Personal Finance then Rich by Thirty really is a great investment.

On the other hand if you’ve read a few personal finance books and know how to put together your own budget then this book might serve as a refresher but it might also not be worth the time it takes to read. Overall having that reminder about all that exists in the world of PF at a high level was nice.

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