Young, Broke and Educated by Alexander Baima

I received a copy of Young, Broke. & Educated in exchange for my honest review.
All opinions are, of course, my own. I’d like to thank RABT Book Tours for including me on this tour.

Title

Young, Broke, and Educated: A Discussion of Millennials, Finance, Economics and Poverty

Author

Alexander Baima received his bachelor’s degree in Business Administration from the University of San Diego. By profession, he has excelled as both an analyst and project manager. He currently holds a CAPM, MOS and SSGB certification in the field of project management. Alex is a talented entrepreneur who specializes in 19th and 20th century porcelain as well as modern innovative computing.

Alex is a firm supporter of Cryptocurrency and believes that this technology will revolutionize the way all countries function within a matter of a few years. He is currently invested in Bitcoin, Ethereum and EOS with the expectations that decentralized applications and smart contracts will be a major contributor to our future.

He has published over 150 articles between LinkedIn and a new social media platform called Steemit. As a millennial, his desire is to help solve many of the great challenges that are plaguing today’s society and engage in intellectual exchanges to help create a better world.

Connect with him on his Facebook, LinkedIn, or Instagram.

Book Details

Publication Date: September 22, 2020
Publisher: Acorn Publishing
ISBN: 9781952112072

Book Description

Alexander Baima graduated college with $80,000 in student debt at the age of 23 from one of the top 25 business schools in America. After college he went to work as a financial planner and serviced fortune 500 clients. He created the financial plans that brokers took credit for, and while they grossed millions a year, he made minimum wage.

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At 29, his parents had a house with an $80,000 mortgage and a child – and they lived on one income. At 29, Alexander still had over $50,000 in student debt. How could previous generations have so much more than most millennials who still struggle with little hope for the future?

Young, Broke and Educated investigates the decline of purchasing power among young people, especially over the last generation. It explores in basic, easy to understand terms, how economic systems have evolved to hinder the financial success of millennials and the incentives that government, big business and banks have to prevent progressive change.

Alexander Baima, a master in the field of eCommerce and early adopter of blockchain technology, walks you through, step-by-step, what the issues are and what needs to change to ensure that millennials and future generations have access to the same type of success that previous generations took for granted.

My Thoughts & Takeaways

I was interested in this book because guess what – I, too, am young, broke, and educated. At 34 years of age, I’m a millennial (and proud of it!), I have a Bachelors degree that I do not use, I’m $60k in student loan debt, and I realize as much as I LOVE school and learning, it can be a huge scam.

So, yes, I was interested in reading more about this thing that everyone knows but no one really talks about. The statistics and analysis were great and just as scary as I anticipated. I think some millennial haters need to read this book.

Seriously, while I may be a little salty about the whole thing because it is a very personal topic for me, I do think this is a great look and read at what is a serious problem. And, younger generations reading this – you don’t HAVE to go to college. The debt isn’t worth it if you aren’t sure! 🙂

I also love the cover art. Sometimes, it can be hard to make non-fiction covers appear interesting (and I’m a non-fiction fanatic!) but this is a really cool art concept and pulls you in easily – or maybe that’s the ball and chain doing that.