Your Money Mentors
Expert Advice for Millennials
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- £24.99
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- £24.99
Publisher Description
"[P]rovides fundamental information and a wealth of resources that readers can use to focus on areas of particular interest." Booklist, Starred Review
Your Money Mentors offers advice for millennials and their parents on how to succeed in the years post college graduation. Co-written by a millennial, and based on the author’s sixty-plus years of experience in finance, the collective advice is full of data, current research, anecdotes, and suggestions regarding mentors, continuing education, internships, careers, starter jobs, setting financial goals, budgeting, and money matters concerning marriage. The book is presented in three parts: Foundations for Success, Careers, and Making Your Money Work.
The book features real-life stories of successful millennials in the traditional working world and those who have joined the “gig” economy, by choice, or otherwise. It considers an American school system that has slowly but surely become woefully inadequate in many parts of the country when it comes to preparing our millennial population to succeed in society. With that in mind, it offers concrete advice to help millennials and the generation coming up behind them excel in their futures. Your Money Mentors is an uplifting guidebook for this generation and beyond.
PUBLISHERS WEEKLY
Retired financial professional Robb (Buying Your Own Business) and his millennial granddaughter Robb Meehan, an executive-level administrator, advise millennials and their parents on generation-specific financial challenges in this well-intentioned but unfocused guide. As an educated, underemployed, and debt-ridden generation, millennials need a specific set of financial knowledge for landing work, starting a family, and planning for the future, the authors write. They lead readers through such tasks as finding a mentor (look for someone respected and encouraging), choosing a "starter job" (a reputable company looks good on your résumé), and tackling the gig economy (it's got plenty of shortcomings, but "could be an ideal situation for couples with children who can't afford childcare"). Each chapter ends with "Katie's Korner," in which Robb Meehan offers advice on leadership, education, and developing soft skills (communication and social-emotional intelligence have served her most, she writes). Unfortunately, the book's organization is messy, the authors tend to repeat themselves, and Robb alternates between underestimating his audience's knowledge (claiming, for example, that millennials are "financially naive") and overestimating it (he fails to explain such terms as ETF and IRA). While it's a fine look at the younger generation's unique concerns, millennials will likely find this to be a case of diminishing returns.
