@Bragato18 6 December 2020 more from that month

How Millennials Can Get Rich Slowly - The Reading List

The inspiration for this post came from a conversation I had with **@tvlachak** on Publish0x and the **Reading List** was mentioned. **@tvlachak** suggested I publish this on Publish0x.   I retorted that I don't think it will be very popular with the Millennial audience, it is not what they are programmed to hear, not in their DNA......But I did share the **Reading List** with **@tvlachak** on Twitter, as I respect his opinion. **Who Are Millennials Or Generation Y (Gen Y)** Gen Y'ers are widely accepted as being born from 1981 to 1996. They are the demographic group following Gen X and preceding Gen Z. Most millennials are the children of baby boomers or the early Gen X'ers. **The Gowdie Letter**

The Gowdie Letter was a subscription newsletter put out by Vern Gowdie.

The Gowdie Letter was more concerned with preserving wealth than the get rich quick schemes.  I think the only recommendation Vern ever made, was buy into a British Pound ETF and hold Long Term. Then wait for the British Pound to revert to mean.

We received weekly newsletters and more substantial monthly reports. One of the subjects he covered was the passing of wealth to the next generation. And the importance of educating your offspring on financial matters. So the transition of wealth from one generation to the next went smoothly. But more importantly it remained as wealth and not treated as income. It did not get blown on expensive cars, booze, jet airplanes, lavish lifestyle............ As part of this theme Vern sent us a 15 page booklet by William J. Bernstein ©2014. **If You Can** **How Millennials Can Get Rich Slowly** Vern Gowdie had given this booklet to his children, as part of their financial education. Now I tried giving this to some Gen Y and Gen Z'ers. The response was overwhelmingly negative, with one Gen Y lad (lil Luke), openly hostile to the ideas put forward by William Bernstein. This confused me, as I thought it made prefect sense. As you have time on your side, let time do all the work. It did prompt me to have a more thorough read, to see if I could find the errors in William Bernstein thinking, that were so obvious to lil Luke. That when I realised that I had glossed over the most important part of the booklet,  **The Reading List.** Lil Luke may have made the same mistake as i had. **How To Get Rich Slowly In A Nutshell** We received weekly newsletters and more substantial monthly reports. One of the subjects he covered was the passing of wealth to the next generation. And the importance of educating your offspring on financial matters. So the transition of wealth from one generation to the next went smoothly. But more importantly it remained as wealth and not treated as income. It did not get blown on expensive cars, booze, jet airplanes, lavish lifestyle............ As part of this theme Vern sent us a 15 page booklet by William J. Bernstein ©2014. **If You Can** **How Millennials Can Get Rich Slowly** Vern Gowdie had given this booklet to his children, as part of their financial education. Now I tried giving this to some Gen Y and Gen Z'ers. The response was overwhelmingly negative, with one Gen Y lad (lil Luke), openly hostile to the ideas put forward by William Bernstein. This confused me, as I thought it made prefect sense. As you have time on your side, let time do all the work. It did prompt me to have a more thorough read, to see if I could find the errors in William Bernstein thinking, that were so obvious to lil Luke. That when I realised that I had glossed over the most important part of the booklet,  **The Reading List.** Lil Luke may have made the same mistake as i had. **How To Get Rich Slowly In A Nutshell**

get rid of your debt while you are doing that use the time to work through T**he Reading List,** you’ll end up knowing more about finance than the average stock broker or financial advisor. save a minimum 15% of your taxable income. Stacking pennies is the same as stacking sats. invest equal amounts in a U.S. total stock market index fund, an international total stock market index fund and a U.S. total bond market index fund (note this is written for US citizens but the principals apply to most countries). once per year you will adjust their amounts so that they’re again equal. **Some Of The Topics Covered** Even if you can invest like Warren Buffett, if you can’t save, you’ll die poor. Finance isn’t rocket science, but you’d better understand it clearly. Those who ignore financial history are condemned to repeat it. We have met the enemy and he is us. The financial services industry wants to make you poor and stupid. This is an extract from William Bernstein's booklet. I chose this only because I find posts about **"technical analysis"**  boring as donkey shit. Maybe this explains why, maybe not.

**The Reading List** It dawned on me if I was to be giving this booklet to Gen Y and Gen Z'ers. I should at least complete the tasks set, which was basically read the 7 books in order.

The books with the  ✔️   are the ones I have been able to source from the local library. So I did not strictly follow the instructions. But I did learn a lot about basic finance, which is the important part.  **Jack Bogle (Legend)** May 08, 1929 - January 16, 2019

an American investor business magnate philanthropist founder and CEO of The Vanguard Group created the first index fund Warren Buffet paid tribute to Jack Bogle

**How Do You Get Your Own Copy Of W.J.Bernstein's Booklet** Due to copyright and all that legal stuff. I am unable to reproduce the booklet on Publish0x or read.cash.   But if you would like to read it in it's entirety. follow me on twitter **@PaulBridgman8** direct Message me on twitter mention this post on Publish0x or read.cash ask to borrow my copy of **If You Can** **How Millennials Can Get Rich Slowly** include your email address so I can lend it to you The End Support Your Local Blogger *Don't forget to subscribe, if you liked what you have been reading.* **Twitter** *Bragato18 @PaulBridgman8* **Get Your Free Zcash** *You can claim free ZEC every 24 hours from the PipeFlare Faucet.* *Earn commissions on 4 tiers of referrals (50%, 30%, 20% and 10%). Plus claim free DOGE and their native token FLARE (native token).* **https://pipeflare.io/r/u6i** *You can claim free ZEC every 24 hours from the Global Hive Zcash Fountain.* *Earn commissions on 4 tiers of referrals (50%, 30%, 20% and 10%)* **https://globalhive.io/auth/register?ref=2113** **Get Your Free ZEN** *You can claim free ZEN tokens every 20 hours from the Horizen Faucet. Earn commissions on 4 tiers of referrals (20%, 10%, 5% and 3%)* **https://getzen.cash/auth/register?ref=258534** **Free Cryptos** ****https://freebitcoin.io/?ref=150742**** ****https://freechain.link/?ref=300**** ****https://freeneo.io/?ref=343**** ****https://freecardano.com/?ref=150466**** ****https://freenem.com/?ref=160445**** ****https://coinfaucet.io/?ref=506273**** ****https://freeethereum.com/?ref=52151**** ****https://freedash.io/?ref=19102**** ****https://free-tron.com/?ref=40330**** ****https://freebinancecoin.com/?ref=40657**** **https://free-ltc.com/?ref=10150** **Binance Exchange** *You will get a 5% Commission Kickback on all your Binance trades, when you use our referral link.* ****https://www.binance.com/en/register?ref=QEUQIE23**** **Publish0x** *I have published over 120 articles on Publish0x covering a diverse range of crypto subjects.* *Publish0x is where you can earn free Crypto for just reading and tipping. Currently the tips are ETH, BAT and AMPL.* *Use the following link if you want to join Publish0x as a reader or author.* ***https://www.publish0x.com?a=y1aKo5raQG*** [sponsors]