As the modern financial landscape becomes increasingly complex, the ability to navigate personal finances is an even more essential life skill than ever before. Unfortunately, the modern education system often fails society by failing to address this critical area of knowledge. Instead, schools leave teenagers and young adults ill-prepared to manage their money effectively.
One successful young investor has written a book to address this knowledge gap. Finley Lewis started investing at the beginning of the COVID-19 pandemic and managed to transform his initial $300 investment into over $5,000 in just 3 years. While he was brought up in a financially conscious family, he noticed that his peers did not have the advantage of learning how to manage their money at a young age. It is for this reason that he wrote “9 Rules to Dominate Your Money and Learn What 67% of Adults Don’t Know.”
“9 Rules to Dominate Your Money” achieved best-seller status shortly after publication, with 4.9 stars and 326 reviews on Amazon. The reviews make one thing glaringly obvious – this is an ideal solution to the educational gap left by schools. With this innovative guide, teenagers can access the tools they need to build a solid financial foundation and get a head start on building wealth.
Why young people need financial literacy education programs
Educational institutions seem to take for granted the fact that far from being an innate skill, financial literacy must be taught. A lack of financial education can lead to significant setbacks in adulthood, plunging perfectly intelligent and capable adults into vicious cycles of debt and financial instability.
In an alarming discovery, researchers have found that most young adults lack the knowledge to make informed financial decisions. This lack of knowledge spans from basic budgeting and saving to more advanced practices such as investing and retirement planning.
Without proper guidance, young people find themselves falling prey to scams and poor financial practices. What’s even worse, a lack of this financial awareness leaves people blind to opportunities that they could leverage for wealth accumulation.
Teaching financial literacy at a young age is an investment into a brighter economic future for individuals and society at large. It empowers young people to make informed choices, avoid costly pitfalls, and lay the groundwork for long-term financial success.
By delivering financial education at a young age, we equip the next education with the skills they need to secure their financial well-being. What’s more, boosting financial literacy among the youth benefits society at large. After all, the youth are the backbone of our future, and more financially aware youth ultimately build a more financially stable society.
How “9 Rules to Dominate Your Money” helps with this
In “9 Rules to Dominate Your Money,” Lewis presents an actionable solution to the lack of financial literacy education in modern schools. Since this guide is written by a teen for teens and based on real-life experience, the book offers an authentic perspective that resonates deeply with its teenage audience.
As the title of the book promises, this book isn’t merely a guide to managing your money but a guide to mastering financial success.
So, what lessons are readers learning from “9 Rules to Dominate Your Money”?
- How to start early
In his book, Lewis emphasizes the importance of building financial independence early in life. By starting to think about your money strategically at a young age, you can maximize your compound interest and set yourself up for life. In fact, if you start early, even small savings can build up to a massive amount of wealth over time. By emphasizing how to make small steps early, Lewis teaches his readers how to build a stable financial foundation for their future.
- How to budget like a pro
Budgeting is a fundamental skill that many young people lack. This skill gap leaves them unable to manage their finances as they’re starting out in their careers, moving out on their own, and even starting families. Lewis teaches young people how to budget in an actionable way, with practical techniques for tracking income, expenses, and financial goals. By mastering budgeting early on, teenagers can build healthy spending habits that spill over into their adulthood.
- How to make your savings matter
Savings are the foundation of financial security. “9 Rules to Dominate Your Money” emphasizes the value of starting to save strategically from a young age. With the saving tips from Lewis, readers can learn how to allocate savings for specific goals and how to build self-sustainable wealth.
- The importance of evaluating your spending
Strategic spending, coupled with sustainable saving, contributes greatly to financial stability later in life. In this guide, Lewis walks readers through how to spend deliberately so that what they choose to spend their money on aligns with their values and long-term objectives. With this kind of disciplined spending, young people can avoid falling into a spiral of unnecessary debt.
- How to make your money work for you
As Lewis has proved with his own successful investments, investing is a powerful way to grow wealth. In reality, however, many young people are increasingly confounded by the investment options out there and end up avoiding them altogether. “9 Rules to Dominate Your Money” simplifies the world of investing. By following the principles in this book, teenagers and young adults can learn how to multiply their money while they’re at school, or even in bed!
At a time where the world of finances is getting more complex, the need to teach people essential money management skills has never been more urgent. By mastering the “9 Rules to Dominate Your Money” young people can proactively build wealth and set themselves up for life.