Erin Lowry is a personal finance expert, speaker, and author of the book Broke Millennial: Stop Scraping By and Get Your Financial Life Together, based on her blog of the same name. Her book is a step-by-step guide to go from flat-broke to financial proficiency. She uses dry humor and hilarious personal stories to keep readers entertained

Erin Lowry has appeared on many TV shows and many other podcasts. She also writes for well-known magazines, she regularly speaks at universities and conferences around the country.

Her main goal is to help millennials get their financial lives together.

Erin started blogging in January 2013. She grew up in a household that was comfortable speaking about money. When she went to live on her own, she moved to New York, a very expensive city. In spite of her small salary at the time, Erin didn’t feel stressed about her financial situation.

While living in New York, she noticed that many of her friends felt insecure about their money situation. Erin fell inspired to help, and she just started her blog, Broke Millennial.

At one time Erin was being interviewed on TV when an editorial agent saw her, he sent her a message asking her if she wanted to write a book. Erin said yes, and a book proposal was accepted a few months later.

Erin has been self-taught in finance. She studied journalism and theatre. Her parents paid for 50% of her university studies and she paid for the other 50%, mostly with the help of scholarships. When faced with the decision of paying for university, Erin decided that studying at a brand recognized university was not worth the student debt that comes with it.

Ever since Erin was a little girl, her parents had trained her that she could have practically anything she wanted as long as she was willing to pay for 50% of the item. These were great lessons on delayed gratification and money management.

Getting financially naked with your partner

At the beginning of the relationship, a couple figures out who pays for dates, how do they split the bills, how do they spend holidays together, etc. You find out if you are compatible thus far.

If the relationship becomes more serious, if the couple starts talking about marriage or moving in together, then at this point, it’s important to disclose all the financial information; net worth, debts, revenues, credit history, etc.

Prenuptial agreements

In our days, when people are getting married later on in life when each partner or one of the partners is bringing some assets into the relationship, it’s becoming more normal to prepare a prenuptial agreement. Erin and her fiance have a prenuptial agreement.

The cost of weddings

People should not go into debt to pay for their wedding. They either have to save more or spend less.

Erin’s portfolio

Erin is almost 30 years old and her portfolio is about 87% stocks. Index funds. U.S. and international.

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