DON'T SAVE FOR RETIREMENT by Daniel  Ameduri

DON'T SAVE FOR RETIREMENT

A Millennial's Guide to Financial Freedom
Email this review

KIRKUS REVIEW

Contrarian financial advice from a multimillionaire millennial.

In this debut business book, Ameduri, who built a financial advisory business, Future Money Trends, via a YouTube channel and a newsletter, offers the millennial generation a pep talk about financial freedom. The book begins with a frank discussion that puts wealth accumulation into perspective, with the author noting that “money is an important tool…but it is not the end goal.” Rather, he says, one’s priorities should be taking financial control of one’s own life. He urges members of his generation to adopt a “sustainable, frugal mindset” with an emphasis on eliminating debt and cutting expenses. When it comes to specific personal financial strategies, the author leans away from conventional thinking. For example, he suggests that “the majority of the general public has failed miserably” at retirement and that people should “focus on capturing passive income” rather than pursue traditional retirement-savings approaches. In fact, generating such passive income is a centerpiece of Ameduri’s financial plan; to that end, he advocates and explains such tactics as crowdfunding, real estate investment trusts, and residential real estate investment. The author is no fan of typical Wall Street investing, either; instead, he recommends considering investment in micro-cap companies, precious metals, cryptocurrency, and, intriguingly, whole life insurance policies as investment vehicles. Ameduri also views employment by a company as riskier than being a freelancer or independent contractor, suggesting that “everything about the market is pushing us toward independence and sovereignty.” It all adds up to a heady, provocative, and quietly radical worldview of work, money, and personal freedom, and some millennial readers will no doubt find Ameduri’s approach tantalizing. Others, however, may be wary of such nontraditional approaches. Still, the author’s candor is refreshing, and his sweeping, lofty argument is compelling. He’s passionate about his beliefs and writes with panache, and additional, insightful observations by his wife, Jewel, add to the book’s value.

A bold, fresh, and thought-provoking guide.

Pub Date: July 13th, 2019
ISBN: 978-1-5445-1376-8
Page count: 196pp
Publisher: Lioncrest Publishing
Program: Kirkus Indie
Review Posted Online:
Kirkus Reviews Issue: Nov. 15th, 2019