Millennial Money by Patrick O’Shaughnessy Summary
Overview of Millennial Money
Millennials can build fortunes through smart investing strategies that have yielded 815% returns since 2008. Patrick O'Shaughnessy reveals why starting early transforms $1 into $15 by retirement - twice what waiting just 10 years would yield. Your youth is your greatest financial advantage.
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Key takeaways
The Millennial Money Advantage: Time Is Your Secret Weapon
Imagine two friends with similar careers and incomes facing dramatically different retirements. One lives luxuriously between multiple homes while the other depends on family for financial support. The difference? Their approach to investing. As millennials, we represent the largest generation in history with unprecedented access to global markets, yet surveys show we keep over half our investments in cash and just 28% in stocks-squandering our greatest advantage: time. The power of compound returns is staggering. Investing $10,000 annually at 7% from age 22 yields $4.7 million by 65, while starting at 30 yields only $2.5 million, and at 40 just $1 million. Neither higher returns nor larger investments can fully compensate for lost time. What many don't realize is that our seemingly "safe" choices are actually dangerous long-term. We're the first generation born into a world where money has no anchor-dollars aren't fixed to gold as they were before the 1970s. Without this anchor, inflation silently erodes purchasing power. Since Nixon closed the gold window in 1971, a dollar from that year is worth just 17 cents today-over 80% of its value gone. This decline is comparable to stock market losses during the Great Depression, except stocks recovered while cash continues deteriorating. By contrast, even in the worst 50-year period in history, every dollar invested in stocks returned $8.45 in real terms. The average was $30.31.
Cash Is Trash: Why "Safe" Investments Are Actually Risky
Go Global: Breaking Free from Portfolio Patriotism
Be Different: How to Beat the Market
The Millennial Money Strategy: Five Rules for Success
Conquering Your Brain: The Human Tax on Returns
Your Path Forward: Be the Monkey, Not the Kitten
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"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
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"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
From Columbia University alumni built in San Francisco
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
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