Financial Literacy for Millennials

Financial Literacy for Millennials

Books Reviews

Review Financial Literacy for Millennials



Andrew O. Smith’s “Financial Literacy for Millennials: A Practical Guide to Managing Your Financial Life for Teens, College Students, and Young Adults” provides readers with a complete and fundamental blueprint about personal finance management intended to aid today’s youth in securing a stable future. As financial education has been a growing concern for many nations (especially in the United States), Smith’s “Financial Literacy for Millennials” attempts to bridge that gap by providing a curriculum guide over the subject matter, including how financial systems work and are constituted in the state. In this volume, readers get to understand the basics of saving, investing smart, and how to use debt to advantage rather than the opposite. “Financial Literacy for Millenials” is seen as a great learning tool for young adults and new grads who would need a convenient and cohesive roadmap as they secure their future.

About the Author

Andrew O. Smith, MBA, JD, has been advising about money, investments, and financial planning since he was a student and helped form the Pennsylvania Investment Alliance, one of the first college investment clubs in the country. As a trustee, financial advisor, and licensed attorney, he has counseled trust funds, estates, investment partnerships, limited-liability corporations, insurance trusts, real estate partnerships, and individuals. Earlier in his career, Smith was a Series 3 licensed Commodity Trading Advisor and served as the chief financial officer for a registered investment fund. He began his career as a management consultant for Booz Allen Hamilton and is currently a chief operating officer of the Yenkin-Majestic Paint Corporation, a specialty chemical manufacturer.

Smith earned a finance degree from the Wharton School and an engineering degree from the School of Engineering and Applied Science, both at the University of Pennsylvania. He also holds an MBA from the Booth School of Business and a JD from the Law School, both at the University of Chicago. In 1988, he was awarded the Olin Prize as the outstanding graduate in law and economics. Smith is a native of Bath, Maine, and a graduate of Hebron Academy.

Table of Contents

  • Acknowledgements
  • Prologue: A Tale of Two Teens
    • ONE: Financial Planning 
    • TWO: Careers
    • THREE: Business and Entrepreneurship
    • FOUR: Savings and Banking
    • FIVE: Budgeting and Spending
    • SIX: Credit and Debt
    • SEVEN: Bankruptcy
    • EIGHT: Investments
    • NINE: Avoiding Financial Scams
    • TEN: Insurance
    • ELEVEN: Taxes
    • TWELVE: Government Benefits
    • THIRTEEN: Legal Issues
    • FOURTEEN: Growing Older
  • Appendix 1: Website Content
  • Appendix 2: Takeaway Tips
  • Appendix 3: Curriculum Planning
  • Index