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This article showcases our top picks for
Personal Finance Books For Millennials. We reached out to industry leaders and experts who have contributed the suggestions within this article (they have been credited for their contributions below).
We are keen to hear your feedback on all of our content and our comment section is a moderated space to express your thoughts and feelings related (or not) to this article
This list is in no particular order.
This product was recommended by Omar Abdalla from RacketRampage
This is one of my favorite books because it goes slightly against the traditional way of getting rich such as investing for a long time. Instead, MJ DeMarco talks about providing real value to the masses, starting a business, and getting literally to the fast lane of gaining wealth. He also talks about the two other lanes, the slow lane, and the side lane, that are eye-openers. I think this book would be especially beneficial for millennials given the faster wealth accumulation plan talked about in the book.
This product was recommended by Gary Huxtable from SaasMatch
This is a great introduction to economics for everyone. No jargon or pages of charts. Great for anyone wanting to get a better idea of what economics, money, markets and business really is.
This product was recommended by Gary Huxtable from SaasMatch
This is a series of books where Jack interviews some of the best traders & investors of all time. You get an understanding of their mentality. A key take away is whilst there’s many different styles. It’s always about repeatedly putting yourself in favorable risk and reward positions. This is true in both trading, investing and business.
This product was recommended by Tony Maldonado from 10Beasts
Money for Millennials is the ideal personal finance book for young people, regardless of their financial background. Money for Millennials offers a lot more than just guidance and recommendations; it also teaches you how to create lifelong financial habits.
This product was recommended by Tony Maldonado from 10Beasts
The goal of this book is to guide you through the fundamentals of personal finance, including how to assess your present financial situation, create a budget, and start making plans for the future. The ideas are straightforward and simple to comprehend because, when it comes to money, even knowing the fundamentals is helpful.
This product was recommended by Tony Maldonado from 10Beasts
This book discusses financial literacy, the importance of financial planning, how to become financially independent at a young age, and various investment options available today. It instructs you on how to invest in various financial instruments, including stocks, mutual funds, and cryptocurrencies. It also lists the considerations I made before buying a particular financial instrument, which you should also make.
This product was recommended by CE Carroll from Stack Your Stacks
Tired of reading fluffy personal finance pieces that imply skipping lattes and cutting back on avocado toast are the sole keys to financial success? Read Quit Like a Millionaire. The book tells the inspiring story of Shen and Leung on their journey to FIRE (Financial Independence Retire Early). You’ll find creative tips, like geographic arbitrage, aggressive savings rates, and easy-to-understand investing strategies. As a millennial, it’s been one of my all time favorite personal finance books because of both quality story-telling and actionable advice. It’s sure to inspire any millennial to think about their long-term goals (both financial but also overall life design) and take action to meet them.
This product was recommended by Rachel Scott from National TASC LLC
Taken from a teacher and personal finance expert’s point of view, this book will truly show you how to properly handle your finances as an adult. The teaching experience of Cousineau really helped in explaining the necessary things that you have to learn about your personal finances. This book even talks about financial mistakes, taxes, insurance, and other financial aspects of adulting.
This product was recommended by Nicole from CreateEarnLive
Broke Millennial is the book you need if you’re looking for the right way to manage your money but don’t want to read a dense finance textbook. It offers practical advice and easy-to-understand explanations of complex concepts to help any millennial get their financial life together.
This product was recommended by Ramzi Boussena from Get It Done Blog
This is the first book millennials should read. Because in The Total Money Makeover, Dave Ramsey provides readers with his system for seven baby steps to financial freedom that includes paying off your debt, investing 15% of your income for retirement, saving for your children’s education, paying off your mortgage, and living like no other financial peace.
This product was recommended by Ramzi Boussena from Get It Done Blog
Think and Grow Rich is timeless. It’s my personal favorite classic financial book that makes you understand the relationship between money and mindset; which I find very important. A person’s mindset can prevent him from increasing his riches. This book also narrows down wealth generation into 13 steps which you should read and find out in case you haven’t already.
This product was recommended by Ramzi Boussena from Get It Done Blog
The Automatic Millionaire gets you started on your journey to wealth creation within an hour by offering you timeless principles including phone numbers, websites, and money-making elements. This is a phenomenal book that you should give a try.
This product was recommended by Ramzi Boussena from Get It Done Blog
George S. Clason provides you with systems and secrets that will lead you to individual wealth. If you’re looking for a book that tackles personal financial problems The Richest Man in Babylon should be on your to-read list. It discusses and comes up with practical solutions that will lead you to wealth.
This product was recommended by Ramzi Boussena from Get It Done Blog
The author outlines that working and receiving a steady paycheck is what can get you started, But it shouldn’t be where you want to finish at. You should invest your money and time buying property or starting a business to achieve financial freedom. Having a passive source of income or a diverse investment portfolio is the start to growing your wealth and becoming a millionaire.
This product was recommended by Ramzi Boussena from Get It Done Blog
Typically, we sleep 8 hours per day, work 8 hours, and have 8 hours to ourselves. But what are we doing with the last our to improve our life and future? This book teaches you how to wisely spent and invest these last 8 hours in order to have a happier life.
This product was recommended by Rohan Kadam from Biking Know How
This is a very action-driven personal finance book. It is worth $31.50 and I say that it is worth investing time and money in reading this book and implementing the recommendations given by Ramit. All of my learning on personal finance has come from this book. This book will help one to optimize one’s finances. Ramit’s recommendations mentioned in this book are well researched and Ramit also shares profiles and interviews of the best folks from the world of personal finance. This book has helped me increase my net worth. Using tips from this book I was able to max out my 401K and Roth IRA accounts. I also opened good investment accounts like an interest-bearing checking account. I feel very confident about my retirement plan and I am sure all of this would not have been possible had I not invested in this personal finance book from Ramit.
This product was recommended by Tobias Vogt von Heselholt from My Retirement Doc
How to Retire Healthy is an informative yet easy read. It’s designed as a conversation, not a boring personal finance book. Divided into the decades of life, the book starts by talking about financial expectations versus reality, the psychology of money, and goals, before progressing step-by-step through each decade. Along the way you’ll learn the three keys to becoming a self-made millionaire. Remember, personal finance isn’t hard, experts, lack of organization, and emotion just make it feel insurmountable.
This product was recommended by Sara Graves from USTitleLoans
The most comprehensive guide to understanding financial management for millennials. It starts by explaining the fundamentals of earning, saving, investing, spending, and mitigating financial risks. The book also explains key secrets to living a fulfilling life and mastering the money game. The author has used simple language with an inspirational tone to elaborate on the complex world of money and help readers find new ways to create their dream life by managing their money better. Other topics covered in this book are budgeting, debt, career planning, avoiding financial scams, and establishing a startup. By reading this book, millennials will know how to avoid bankruptcy, make intelligent use of their financial resources, understand the tax system, and get advanced knowledge of personal finance.