Lesley Scorgie appeared on Oprah Winfrey when she was 17, a show entitled “Ordinary People, Extraordinary Wealth,” and ever since she’s had a string of television and media appearances because she seems to have a knack to grow her own personal finances and well on her way to being rich by thirty. Now, author of a book titled “Rich by Thirty: A Young Adult’s Guide to Financial Success,” I’ve had the opportunity to read it and hopefully be able to set up an interview with her in the near future.
Rich by Thirty is perfect for the early twenty crowd. If you recently graduated college, just got your first paycheck, or are about to sign the lease on a new apartment; you’re the target audience for this book. If you’re a little older but at this stage financially (maybe you went to graduate school? maybe you made some poor financial decisions?), this is a great book for you because it puts down on paper everything people are forced to learn (and pay for) in the real world on their own.
This isn’t a book about a kid who struck it rich by coming up with a series of great internet ideas (that’s Cameron Johnson) or a guy who exemplified frugality until he was able to strike it rich in the real estate boom (that’s Alan Corey), this is a story about fiscal responsibility, investing acumen, and just being smart with your money from someone who came from a middle-class family in Canada.
I enjoyed the book because it was very direct, understandable, and didn’t use these huge long rambling allegories to get her point across. The book is broken up into logical sections like Get Started (it’s about budgeting), Get Out from Under (how to handle credit and debt), Get Saving (umm… it’s about saving), and two sections on investing. In each, she uses a quick example (“Meet Joey, a Pisces from Georgia who likes long walks on the beach…”) and then jumps right into an explanation that is both clear and appropriate.
I think this book makes a great graduation gift if you’re trying to think of a gift for someone this summer and at a mere $12.95 it’s a pretty good deal. I don’t often recommend that someone buy the book (borrowing it from the library is usually good enough) but since I think this is good information for a college graduate, it makes an ideal gift. Now, getting them to read it is another thing (though the sections are in nice bite-sized pieces so the short-attention-span crowd will be able to digest it).