Read our in-depth review of Money Traps by Adeolu Alao — a bold, behavioral-finance-based guide revealing 12 hidden biases keeping Gen Z and Millennials broke. Learn how to break free and build lasting wealth.
Are you smart but still broke? Making money but never at peace? Money Traps by Adeolu Alao is the book you didn’t know you were waiting for—a brutally honest, surprisingly relatable look at why Gen Z and Millennials struggle to build wealth in the age of hustle, hacks, and hyper-consumption.
Forget everything you’ve heard about budgeting apps, side hustles, and cutting out coffee. This isn’t a “how to get rich” manual. This is a mirror, a mindset reset, and a survival guide for anyone stuck in a cycle of “earn, spend, repeat.”
Book Details
- Title: Money Traps: 12 Biases Blocking Gen Z and Millennials from Building Wealth AND How to Break Free
- Author: Adeolu Alao
- Publisher: HMD Publishing
- Publication Date: 1 May 2025
- ASIN: B0F5KWXQ2P
- Language: English
- Format: Kindle eBook
- File Size: 422 KB
- Word Wise: Enabled
- Enhanced Typesetting: Enabled
- Simultaneous Device Usage: Unlimited
- Buy Link: Buy on Amazon
What Is Money Traps About?
Money Traps digs deep into the hidden psychological patterns that silently destroy your finances. From lifestyle inflation to comparison bias, from scarcity mindset to procrastination, Adeolu Alao explains why even educated, driven people continue to make choices that leave them paycheck to paycheck.
But the magic of the book lies in its tone—smart, self-aware, and radically empathetic. It doesn’t talk down to you. It talks with you, like a friend who’s seen through the matrix and wants you to escape too.
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What You’ll Learn Inside
1. The 12 Core Money Biases Sabotaging You
Including:
- Lifestyle creep
- Sunk cost fallacy
- Present bias
- Avoidance bias
- Emotional spending
- Social comparison trap
Each bias is broken down with stories, studies, and subtle humor that hit close to home.
2. Strategic Reframes and Hacks
This isn’t fluff. Alao offers concrete strategies to interrupt harmful financial patterns. Think:
- How to “pre-commit” to smart habits
- Building frugal joy without shame
- Crafting a financial identity that aligns with your values
3. New Language for a New Money Mindset
If you’ve ever felt guilt, shame, or anxiety about your finances, this book will help you name it, tame it, and outgrow it.
About the Author – Adeolu Alao
Adeolu Alao is a fintech entrepreneur, corporate finance expert, and founder of KASHFLOO, a UK-based startup on a mission to help employees save money automatically. He holds a Master’s in Corporate Finance & Management from Birmingham City University and has spent his career exploring the collision between money, culture, psychology, and faith.
His writing style is research-backed, reflective, and refreshingly honest. Alao doesn’t preach. He unpacks, questions, and empowers.
Why This Book Stands Out
- Clear insights without fluff
- Behavioral economics made relatable
- Speaks to modern financial stress with empathy and intelligence
- Goes beyond budgeting advice and speaks to emotional money patterns
- Perfect for Gen Z and Millennials who feel stuck despite their ambition
Who Should Read This
- People who make decent money but have little to show for it
- Anyone tired of traditional financial advice that doesn’t stick
- Readers who want to understand why their brain resists financial discipline
- Individuals ready for a real change—not another temporary fix
Final Verdict – 4.9/5
Money Traps is one of the most refreshingly honest financial books of the year. It’s not just about money—it’s about reclaiming clarity, calm, and control in a chaotic financial world. Adeolu Alao pulls no punches, and that’s exactly what makes this book a must-read for anyone ready to stop surviving and start thriving.
Buy the Book Now
Get Money Traps by Adeolu Alao on Amazon
Break free from what’s really holding you back. Your future self will thank you.
