A Million Bucks By 30 / Book Review and Giveaway

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Alan Corey could be the reincarnation of the phrase “funny money” but in human form. His book A Million Bucks by 30 takes us along his journey to becoming a millionaire starting as a newly minted college grad making $40k per year and moving to New York City. Throughout the book we’re greeted with the lessons he learned along the way, humorous situations he encountered, and how he dealt with the difficulties of being a “cheapskate” to make it possible.

Each chapter of Million Bucks By 30 starts out with a flashback from Alan’s perspective that usually made me chuckle. For example when he describes starting his new job these were his previous thoughts:

“…I’ve really got to learn the name of this company. First two calls are asking if we sell auto parts. I’m pretty certain we don’t. I mean, I hope we don’t, because I’m telling everyone we don’t. My boss is too busy to talk to, so I’m just winging it until I get in trouble.”

The thing that makes this book unique and why I’d recommend it, especially to younger readers, is that Alan writes it from his own, human, unbiased experience. He shares exactly what he did, demonstrates that he’s not a guru by any means, and makes the process of living below your means and building wealth seem fun and a bit of an adventure.

Some of the things that Alan did that I really enjoyed were:

  • He told everyone he was going to be a millionaire before 30. Although he got laughed at by friends and family, he had the determination and will power to go out and do it anyways.
  • He persisted towards his goal even though he didn’t have a clue how to achieve his goal. After each step he learned what he had to do next and was fine not knowing everything from the start. The lesson here is to take action and learn as you go, it’s the only way you’re truly going to learn.
  • His “Extreme Cheapskate Strategies” which sprinkled each chapter and provided quick tips on how he was able to save money, which included things like not drinking bottled water and how to check your credit report for free.
  • He talked about dating and being a cheapskate, which is fairly rare in personal finance books. Although it is a challenge to find someone with a similar or accepting perspective Alan talks about his experience in dating while working to be a young millionaire.

Million Bucks by 30 is a quick read that I’d recommend to anyone as it has a great way of humanizing becoming a millionaire while gaining a few laughs along the way. Alan wasn’t a guru who had any magic secrets along the way, however he worked hard, persisted, and committed himself to learning how to become a millionaire before the age of 30. Hopefully after reading this book you’ll realize that you can do the same.

To learn more about Alan Corey and his book check out his website at Alancorey.com.

I’m giving a copy of this book away so in order to qualify simply leave a comment below (make sure your email address is in there) and tweet this post. I’ll randomly select the winner by early next week.

Daniel Johnston
Guest
Thanks for the book review. I just finished all the books I have and am now looking for new ones. Will definitely be looking to buy this book if I don’t win the give away. Being a millionaire by thirty is certainly possible. I aim to be a millionaire before then. It’s very possible to live frugally, work hard, and invest it into the market at a gain. One of the keys, though, is the market returns. I have a really high paying job, as well as most people who I know, but if you’re making $10 or $20 an… Read more »
Kaitlyn Aliano
Guest

kaitlynaliano (at) gmail (dot) com
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Kevin
Guest

Great review. Sounds like a good read.
.-= Kevin´s last blog ..Payday Loans Help People =-.

Roman Soluk
Guest

Seems to be really interesting book! Thanks for your review. I’m sure this book is useful for everyone.
.-= Roman Soluk´s last blog ..The main benefits of walking outdoors =-.

Search Engine Viking
Guest
If this is the book I’m thinking of, I remember thumbing through it about a year ago at Barnes and Noble, then walked out of the store saying to myself: “Why didn’t I buy that?” (and no, this doesn’t mean I stole it!). From what I read, I completely endorse this book as well. It was witty and written from the perspective of a non-finance specialist, which I liked. I don’t know about the rest of ya’ll, but nothing turns me off quite like reading a billionaire real estate mogul explain try to put himself into my shoes. .-= Search… Read more »
Financial Samurai
Guest

How much was real estate part of his millionaire net worth?
.-= Financial Samurai´s last blog ..Pretend You Have Arrived So You Can Become =-.

Kiesha @ We Blog Better
Guest

Hi Ryan,
I’d love it if you randomly select me! This sounds like an awesome read, I’m currently reading 4-hour work week, plannning to read Crush It next, this fits right on in with those. I’m determined, I tell ya! ๐Ÿ™‚
.-= Kiesha @ We Blog Better´s last blog ..The SocialmediaToday Community: Increase exposure to your blog =-.

Little House
Guest
I think the key here is that you need to make a substantial income in order to save that much money before 30. For instance, if he started earning $45,000 right after college at say 22, that would only equate to $315,000 gross after 7 years (and that’s before taxes and living expenses!). Even with interest rates, which are quite meager, he would still be short of that million. I think it’s a great goal (I’m way past that age now ;)), but income will greatly increase or decrease the chances of saving that amount in such a short time… Read more »
Noah Rainey
Guest

Looks like a book to read. Thanks for telling em about it. Is it available on Amazon?
.-= Noah Rainey´s last blog ..Guest Posting โ€“ 3 Traffic Tips =-.

Kevin M
Guest

I’m in, thanks for the review.

Jeremy Johnson
Guest

Hmm, how about millionaire by 45 or 50? ๐Ÿ™‚ I like that he was winging it and making decisions at his job without asking his boss. Too many people sit like statues waiting for instructions. Just do it I say ๐Ÿ™‚
.-= Jeremy Johnson´s last blog ..Unclogging Your Mind (Phase 1) =-.

Jackie
Guest

Don’t enter me in the giveaway (because I already have the book) but I just wanted to chime in that I also thought it was a funny and interesting read. My teenage son was inspired by it too.
.-= Jackie´s last blog ..Do It Now =-.

FinEngr
Guest

Taking it a step further… you can take some quick percentages and come up with $100k less than your $315k – and that’s still conservative.

Assuming 15% tax bracket, lives off 30% of take home, over 8 yrs = $214k

Far short of his $1M mark. See Financial Samurai reply and general reply for more commentary.
.-= FinEngr´s last blog ..Travel Industryโ€™s Biggest Secret: How to Slash Your Bill in HALF =-.

FinEngr
Guest

Using either Little House’s # or mine, you’re looking at real estate accounting for 70-80% of NW.

More below…
.-= FinEngr´s last blog ..Travel Industryโ€™s Biggest Secret: How to Slash Your Bill in HALF =-.

FinEngr
Guest
Unfortunately I’m going to be the debbie downer and not promote this book. I remember reading a review article in the newspaper about this book – it wasn’t overly complimentary. I won’t discredit his achievement or humorous anecdotal references, but to refer to this as a manual on how to achieve $1M by 30 doesn’t fly. There’s simply nothing substantial or replicable. Going beyond frugal, he’s downright cheap. I don’t care how much Ramen saves you, I’d be more worried about your blood pressure from all the sodium. Like I said, I can’t discredit what he’s achieved, but he happened… Read more »
ML
Guest

Interesting book! I am wondering if he made the million bucks by age 30.

FinEngr
Guest
Look at that long reply! ๐Ÿ™‚ In order… I appreciated that he was willing to go against the grain to achieve his goals. Yes, I realizes he included a mix of investments. I think primarily it’s amount of money over length of time that’s getting me. Having friends who’ve brokered lucrative real estate deals (as I’m sure you have), they’re still no where near that level of profit. Let me try spinning it this way – what if I told you my stock gains were 200% over the past year and I wrote a book on investing. Wouldn’t you give… Read more »
Ruby Leigh
Guest

This book looks like something I would really enjoy!

Noah Rainey
Guest

Who won the book Ryan? I haven’t heard anything recently…
.-= Noah Rainey´s last blog ..Guest Posting โ€“ 3 Traffic Tips =-.

harvestwages
Guest

Hi Ryan,
I’m so curious to read every bit of that book. If you recommend it, i have no choice but go for it. Hope i be a millionaire by 25.
.-= harvestwages´s last blog ..3 Self Empowerment Tips For Success in Making Money Online =-.

Aury (Thunderdrake)
Guest

Haha. I may very well consider picking this one book up from the library, if I can get my mitts on it that way.

The front page is very compelling. Especially the “useless degree” part. So true. Education is no longer a prerequisite for success in this day and age!
.-= Aury (Thunderdrake)´s last blog ..Hoarding Dragon Basics โ€“ Investing in Precious Metals =-.

OdysseusToday
Guest

Great review. While my goal is not to break the bank by 30, it is defiantly a goal that I want to achieve in my 40s or 50s at a minimum.

I will certainly be looking into something like this for my brother who has a much more aggressive goal!

James
Guest

sounds like it could be a good book. i am definitely intrigued.

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