If You're Curious About These Questions...
You should listen to this audiobook
- Have you ever wondered how your "money story" from childhood is secretly sabotaging your ability to save today?
- What if you could master the art of talking about money with friends and partners without it being awkward or damaging your relationships?
- What’s the secret to moving beyond just "scraping by" and finally building a financial plan that actually fits your real-life millennial lifestyle?
Listen to Broke Millennial — Free Audiobook
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Key Takeaways from Broke Millennial
- Discover how your childhood experiences shape your current financial mindset and learn to identify inherited vulnerabilities in your relationship with money.
- Understand the three millennial money archetypes and master essential financial basics like calculating your net worth, debt-to-income ratio, and emergency fund.
- Find out how to choose a budgeting strategy that works for you by exploring methods like the cash-only approach, the 50/20/30 percentage system, and the zero-sum budget.
- Learn how to maximize your savings by switching to fee-free online banks that offer significantly higher Annual Percentage Yields (APY) than traditional institutions.
- Master the crucial elements of financial security by ensuring your bank is FDIC-insured and carefully navigating the risks and rewards of credit card perks.
Learning Tools
Reinforce what you learned from Broke Millennial
Mind Map
Broke Millennial
Mindset & Psychology
Overcoming Anxiety
Childhood Roadblocks
Budgeting Strategies
The Cash Diet
Track Every Penny
Percentage Budgeting
Banking & Credit
Online Banking
Credit Cards
Saving & Emergency Funds
Pay Yourself First
Emergency Fund Sizing
Fund Placement
Social Finances
Group Bills
Quiz — Test Your Understanding
Question 1 of 9
According to the book, what is the first step to changing compulsive financial behaviors?
Broke Millennial — Full Chapter Overview
Chapter 1: Recommendation
Chapter 2: For many in their 20s and early 30s, money feels stressful, confusing, even scary — and it’s holding them back.
Chapter 3: To change your money relationship, start by uncovering hidden roadblocks.
Chapter 4: Two fundamental approaches to budgeting exist: the cash diet and carefully tracking every last penny.
Chapter 5: Realistic budgeting percentages can help you reach long-term financial goals while staying firmly on top of your monthly bills.
Chapter 6: Switching to an online bank can earn you a better interest rate on your savings over time.
Chapter 7: Credit cards are valuable tools — if you pay off your balance in full every month.
Chapter 8: Saving money keeps you from slipping into the debt trap.
Chapter 9: Your current financial situation determines how large your emergency fund is.
Broke Millennial Summary & Overview
Broke Millennial (2017) is a smart guide to personal finance, designed to help cash-strapped twenty- and thirty-somethings set themselves up for the future. Packed with simple yet effective tips and tricks, these blinks will help you stop scraping by and start thriving – financially and personally.
Who Should Listen to Broke Millennial?
- Millennials mystified by money
- Would-be savers struggling to make ends meet
- Short-termists living paycheck to paycheck
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