Dasarte Yarnway - Young Money: 4 Proven Actions to Design Your Wealth While You Still Can

Praise for Young Money

This book is an amazing resource for those who are looking to get a head start on creating a foundation of financial literacy that will lead to an even brighter future for themselves and their families!

Rennie Curran, author of Free Agent and professional athlete

Mr. Yarnway has managed to break down the complexities of building wealth into a step-by-step guide that is applicable to any investor.

Sean George, Executive Director and Partner, Berknell Financial Group

This timeless book is a rite of passage for every millennial investor.

Bishop K. R. Woods, Chairman, Northern California District Council

This book is as insightful as it is inspiringa must-read for every millennial looking to acquire wealth.

Abhinav Mathur, CEO, Hulaloop

This book gives you the tools that should be taught in school. Grab this book to empower yourself!

Jahvid Best, Olympic sprinter and professional football player

One of the best financial books Ive read in a long time!

Donovan Carter, actor, Ballers, HBO

Learning to be financially healthy at an early age is one of the most critical things one can do. Dasarte Yarnways new book is a crucial primer for millennials, and more than a few Gen Xers like myself, on how to build a financial present and future thats stable and successful.

Lawrence Ross, Los Angeles Times bestselling author of The Divine Nine

I now know why Dasarte is so highly regarded in the finance world. His knowledge combined with his prose makes a daunting idea such as wealth accumulation achievable for all. I highly recommend this book to all those in pursuit of achieving their financial goals.

Jeff Johnson, Principal, JIJ Communications; BET host; and award-winning journalist

YOUNG MONEY

4 Proven Actions to Design Your Wealth While You Still Can

DASARTE YARNWAY

Foreword by Pete Najarian, founder of Investitute and contributor to CNBCs Fast Money

Young Money

Copyright 2018 by Dasarte Yarnway

All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed Attention: Permissions Coordinator, at the address below.

Ordering information for print editions

Quantity sales. Special discounts are available on quantity purchases by corporations, associations, and others. For details, contact the Special Sales Department at the Berrett-Koehler address above.

Individual sales. Berrett-Koehler publications are available through most bookstores. They can also be ordered directly from Berrett-Koehler: Tel: (800) 929-2929; Fax: (802) 864-7626; www.bkconnection.com

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First Edition
Paperback print edition ISBN 978-1-5230-9216-1
PDF e-book ISBN 978-1-5230-9217-8
IDPF e-book ISBN 978-1-5230-9218-5

2018-1

Project management, design, and composition by Steven Hiatt, Hiatt & Dragon, San Francisco. Copyeditor: Steven Hiatt. Proofreader: Tom Hassett. Cover designer: Rob Johnson, Toprotype Inc.

To Tinniziee for giving me a seat at the table.

by Pete Najarian

Ever since I became an options trader back in 1992, I have seen the financial markets rise and fall dramatically, and with those movements the livelihoods and savings of people who knew some of the basics but none of the nuances and details of how markets work. However, I also noticed that a large segment of the population that had the most potential for profits and financial stability were also those who seemed least involved in investing: the younger generation.

Theres perhaps good reason for this: The majority of the books and programming you see in the marketplace are geared toward older people with some assets and knowledge of the marketplace. Its easy to see why younger people would conclude that financial planning is just not for them. To someone just getting started in managing their own money, seeing someone talk about dividends, stocks, options, and other such items is overwhelming, and probably makes them feel like they are not in the right income bracket for such an education.

Thats why this book is importantvery important.

The fact is that all of us, no matter what our income and bank balance, need money management skills and knowledge, and younger people need it more than anyone else. While the financial literacy and education provided to young people remains virtually nonexistent, the mistakes they make that result in debt, poor credit, etc., will impact them adversely for the rest of their lives. Conversely, as Dasarte shows in this book, a good financial mindset early on will have a positive impact for the rest of their lives. The better the start a person has, the more time he or she has to slowly build real wealth.

Real wealth is an important thing to define. Real wealth is for the long term and is what provides that which is most important: stability and security. Unfortunately, the current popular mindset focuses on short-term gains and mistakes having a hefty checking account balance for security. As opportunities and markets become more limited and competition more aggressive, it gets easier to mistake momentary security for long-term stability.

The point this book makes better than most is that time is the greatest asset of all for building wealth. With time, you can experiment, explore various options, learn from mistakes, bounce back from setbacks, steadily and consistently build up wealth at a sustainable pace, and accumulate more assets and hence achieve greater security. And time is the one thing that the younger generations have that no one else outside that group has nor can buy at any price. It is, quite frankly, the best tool there is when it comes to building financial security.

You always hear that common lament of If I knew then what I know now. Well, now, with this book, there are no excuses. You will now know everything and have enough time to use it. Get to it!

Pete Najarian