Millionaire by Thirty: The Quickest Path to Early Financial Independence ^[2] was written by Douglas R. Andrew and his two sons, Emron and Aaron.

The book takes a different approach than many financial authors in that it doesn’t advocate cutting up your credit cards ^[3], paying off all your debt, or discouraging you from drinking a latte every day for forty years. Apparently this is a slam against Dave Ramsey ^[4] and David Bach ^[5], both of whom are recognized as knowing a thing or two about personal finance! But many people arrive at wealth from different directions and this book certainly advocates an approach that many in the personal finance community will find uncomfortable, especially in the current credit and real estate climate.

The book uses a lot of anecdotal evidence, story-telling, and reminders that Emron and Aaron, ages 26 and 27, are millionaires because of information used in the book. Peppered throughout are conversations that the sons have had with classmates and friends ^[6], none of whom seemed to have a clue about how their money works. Supposedly, the boys were able, in only four years, with incomes of only $30,000 each, to amass personal net worths in excess of $1 million each and assets in excess of $1.5 million. They also claim to have passive income streams of $3,500 per month and portfolio incomes of $1,000 per month.

Summary

The book is divided into ten chapters: