Your go-to reference guide for life's important financial decisions and milestones, from high school and beyond.
FLY: Financially Literate Youth is the perfect handbook for every young person who wants to be armed with the financial knowledge and confidence to set themselves up for success as they chart the course of their life. Whether they are contemplating leaving the nest or are already beginning to spread their wings, this convenient and credible resource will have them prepared for all of life’s milestones, as well as those times when things get rocky or uncertain. And what an uncertain world they’re flying into – but with the right guidance they’ll be prepared to overcome any obstacle and seize every opportunity!
From the basics of opening a bank account, living within a budget and understanding debt to saving for those first big-ticket items, starting a job or striking out into the property market, FLY: Financially Literate Youth is the go-to reference guide for every situation life throws up. It also includes an inspirational chapter on mindset and goal-setting, finishing with the Top Ten Tips You Need to Succeed, including, ‘Find Your Tribe’, ‘If You Don’t Know, Ask’, ‘Be Patient, Be Opportunistic’ and, of course, ‘Spread Your Wings and FLY!’
This is the most appropriate book for those people, especially teens and young adults, who wants to financially educate themselves. Though I'll just sneak in that this is mainly useful when you live in Australia because it talks about financial concepts in an Australian setting. I don't have an official financial education nor my parents really trained me in that area of life, so I was seeking for a book that is easy to understand and will give me a headstart on my financial journey. Without this book, I wouldn't have known to file my tax return, seriously. After reading it on this book, I checked on a website and apparently I was months late so afterwards I took care of it. I don't have someone to look up to when it comes to financial literacy here in Australia so this book served as my "parent". Really recommend it to new students of financial education. It's also a good thing they added a list of books at the end to read that are also about financial education.
Overall, the book covers some good fundamentals and has examples to explain most of the concepts. It is engaging, easy to read, and a quick guide to teach someone the basics of financial literacy. However, the financial topics covered are pretty surface-deep (especially when discussing investing) and could benefit from being a bit more specific and in-depth. But I do understand that this book is meant to be an introduction for younger people into becoming financially literate. Even if you are older, it's still worth reading over once, because you'll find that you might pick up one or two things that you didn't know before.
This book will definitely be my financial bible. It talks about basically everything you need to survive financially. Breaking down types of insurance’s to property and other investments, how to run a business and more. Honestly had no prior knowledge about financial literacy but thanks to this book it provided the foundation I needed to be a financially literal individual. Perfect for beginners.