You’ve probably heard that millennials are the first generation to be worse off than their parents, and it’s true. If life is a game of “Guitar Hero,” previous generations played in tutorial mode, and millennials and Gen Z are playing advanced on an old broken TV.
Older rich people aren’t entering the job market now. They’re not starting from scratch in today’s economy. And that makes a huge difference.
So if you’ve ever felt like the deck is stacked against you, allow me — a former Wall Street trader, founder of Your Rich BFF, and the author of “Rich AF” who made my first million by age 27 — to validate that: It is, majorly. Things right now are way different (and way worse) than they used to be. Typical “money wisdom” just does not apply.
These are the tips you’ve seen online, read in old books, and heard from “financial gurus” (or from your parents). They need to die — because they are keeping us broke.
That’s infinitely easier said than done.








