I admit that it was the title of this book that drew me in. Who doesn’t want to be rich by thirty, right?
Although I didn’t know much about Leslie-Anne Scorgie at the start of the book, in Canada she’s apparently quite a financial whiz, and luckily that knowledge applies to most young people in most Western countries. While there are a few situations that don’t really apply to Australians, most of it is solid financial advice for young people everywhere.
Rich By Thirty is essentially a book about finance, albeit simplified for those who don’t know very much about finance. There are a few graphs and a few tables, but they’re all broken down into understandable units.
As a youngish person myself, I found Rich By Thirty very easy to follow. It doesn’t assume any prior knowledge, which is great because my prior finance knowledge amounts to knowing that having a bank account is an important part of being a grown up.
Scorgie puts forward various situations that young adults might find themselves in – for example, being in debt, saving up for university, or looking to get into part time study. She makes the book as inclusive as possible, so much of it is applicable to a wide audience.
There are no magical, get-quick-rich schemes laid out in Rich by Thirty – it’s all just good financial sense. And for those who might not really know where to get started with their adult financial lives, it’s a great jumping off point. Scorgie encourages wise investment and education, giving us a thorough overview of organising finances, budgeting, investing and planning.
All in all, a great introduction to finances, and Scorgie is clear about this being a starting point for your (mis)adventures into finance. For those who are really interested in being rich, this is simply a start, but if you just need a little push to get yourself on your feet financially, this is a good read.