Learning to save from a young age lays a solid foundation for a lifetime of financial security, but most people only start learning to save in their mid-20s and 30s. At a time when the world is becoming even more economically unpredictable, one cannot exaggerate the importance of learning to grow your wealth. This is exactly why 15-year-old investor Finley Lewis wrote “9 Rules to Dominate Your Money,” a toolkit for teens who want to start building a robust financial future now.
Why should you start saving early?
Finley understands what it takes most adults years to learn – the earlier you start saving and investing your money, the more returns you can get from compound interest. However, saving money isn’t just about stashing your spare change in your piggy bank.
In order to save money effectively and make your money work for you, you need to save strategically. Finding ways to grow your money strategically isn’t easy, but it’s worth it because it helps you prepare for a stable future. In fact, if you learn the art of saving money strategically early, you can multiply your money as you live your life. As Finley discovered, once you master the art of saving money, your money can be multiplying while you’re in class and even as you sleep.
Learning to save strategically at a young age generates numerous benefits that have a ripple effect as you grow older:
- Financial resilience
When you save strategically, you’re better placed to weather unexpected expenses, emergencies, and economic downturns. Early savers can handle financial crises without trapping themselves in a vicious cycle of debilitating debt or other unhealthy financial coping mechanisms. When you’ve saved strategically, you’re better at handling the unexpected.
- Growing wealth
If you can discipline yourself into saving consistently, even the most modest savings can grow significantly over time. With the magic of compound interest, every cent of money that you invest or save early on has a fair amount of time to multiply.
- Financial agility
Learning financial skills early will open your eyes to worthwhile opportunities that you can leverage to grow your money. Additionally, since you’ll have learned to save early, you will have the capital to seize these opportunities earlier than most people. Having the intellectual agility and capital to leverage these opportunities will give you a head start into a financially independent future.
- Debt education
Learning to save early on will also help you understand the dangers of depending on credit cards or loans to get through life. This knowledge can save you years of paying for costly mistakes that many young people make with their money early on.
- Financial independence
Developing a healthy relationship with money sets the stage for financial independence. People who learn to save strategically early in life are less likely to rely on others for financial support. Moreover, early savers can make decisions with their money that align with their long-term goals.
How “9 Rules to Dominate Your Money” is changing the game for teens worldwide
There are lots of financial guides out there. What makes “9 Rules to Dominate Your Money” any different?
- Unique perspective
“9 Rules to Dominate Your Money” is written from the unique perspective of a teen. Not only does Finley’s perspective make financial concepts more accessible to teens, but it also offers motivation to them. Finley is walking proof that you don’t need to wait until you’re in your 40s or 50s to build a substantial amount of wealth. In fact, if people started saving at the age of 5 or 10 years old, Finley believes that they could achieve financial independence much earlier.
- Actionable advice
Finley used the lessons he learned from his parents growing up and his lived experience as an investor to inspire the concepts he shares in this book. Each of his 9 rules is accompanied by practical steps that Finley has taken in his own life. These are steps that teens can easily incorporate into their daily lives. Whether they need help with building and sticking to a budget or learning to invest, readers can start practicing Finley’s recommended steps right away.
- Lifelong financial success
This book is a toolkit that teens can use to control their financial success from early on. By learning these financial skills early on, readers can look forward to a lifetime of informed financial decisions. Establishing good financial habits early is key to building a robust financial future. For this reason, Finley’s book is truly the gift that keeps giving – packed with lessons that remain relevant for a lifetime.
- Real-life experience
No matter what skill you’re trying to learn, it’s more effective to learn it from someone who’s been there and done that. Finley started investing his money at the start of the COVID-19 pandemic and managed to multiply a mere $300 to over $5,000 in just 3 years. His own success is a testament to the effectiveness of the principles he shares in his book.
“9 Rules to Dominate Your Money” is available in English, Spanish, French, and Italian. Based on the reviews, this isn’t just any financial guide – it’s the financial mentor that every teen needs to guide them along the path to a financially secure future.
