Gourav Rohidas’s Reviews > First to a Million: A Teenager’s Guide to Achieving Early Financial Freedom > Status Update

Finally, it talked on the basis of investing, and on how one should never invest in something they aren’t knowledgeable on. Overall, I have started doing most of these. The only thing holding me back, is finding an income stream. I hope I can find one soon so these ideas can start to flourish.

I just learned a little on saving and investing. For starters, the book talked about the things holding baxk people from saving, like comparison and the culture of consumption. Next, it talked about how to save, like through multiple bank accounts, namely the emergency fund, future investment fund, and fun fun. It also talked about savings rates, and how to calculate them, as well as how you must pay urself first

starting to move into an apartment, as you have the freedom to choose one close by. I think for me I definitely need to start looking at my monthly expenses and see how much I spend on eating out, just so I can get an idea of what I need to cut out. Great stuff though.

Just finished reading on the Big 3 expenses and tracking. Its actually different from what I usually hear. People usually talk about trying to minimize the small expenses like the morning coffee, but the book emphasizes the bigger expenses: housing, transportation, and food. House hacking is honestly pretty smart, especially for someone just buying a house. The no-car thing can definitely work when you’re just s

It allows you to get the most out of the things you have and do, whilst also saving some money. The latter would be you being miserable just to save money.

I just finished reading on income opportunities and frugality. Theres honestly lots of good ideas. I’ll need to look into working at a library or even hopefully getting an assistant job at a hospital or other healthcare related institution. Vending machines might also work too. I also think frugality being defined as prioritizing your money on things you value, rather than just “spend the least money” is smart

Why you’re interested in the topic, but also what things you might need to improve on. Overall, I love the book, and cant wait to read more.

I LOVE THIS BOOK. Chapters 6 and 7 were ones that really resonated with me. I love how the book emphasizes people’s “Why”, and to not just do things for surface level reasons. Its exactly the same as the 7 Habits of Highly Effective People, and will help people in every aspect of their lives. I also love how chapter 7 clearly lists out the habits and characteristics of entrepreneurs; you can really understand

our happy list are cost free. The big moral: FI isnt to buy more stuff; its to have more time to do the things you love.

marked: it goes back to its base level after a certain period. This further informs us how more money wont necessarily make us happy for long. Similar was seen with the happiness curve: after a certain point of spending on basic needs, comforts, and luxuries, more money did not bring more happiness. Often, more stuff only makes us more unhappy. Still, we try and get more stuff to make us happy, whereas the things on