Experts Tell Us the Best Finance Books For Millennials
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This article showcases our top picks for the 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.
Broke Millennial teaches young people how to go from flat broke to financial guru. This book doesn’t just cover the boring stuff like credit, debt, or budgeting, but also covers understanding your relationship with money, managing loans, and how to split the bill when you’re out with the gang.
This book offers an insight on how to make positive financial changes in your life. This book is a holy grail for people in their 20s and 30s who are planning to secure their financial future. Both these books have been highly successful and useful at my place of work as the employees now have more confidence on how to handle their finances and give advice to prospective home buyers on their situation as well.
Personal Finance in Your 20s & 30s for Dummies by Eric Tyson is a great book which gives advice on how to better manage your finances. Tyson covers everything from creating a budget and getting out of debt to investing for your future. He also provides plenty of real-life examples to illustrate his points. Best of all, he writes in a clear and concise style that is easy to understand.
The Richest Man in Babylon is a great book for millennials for a number of reasons. For one, it offers a simple and straightforward approach to personal finance. The book’s protagonist, Arkad, is a man of humble origins who becomes the richest man in Babylon through hard work and prudent financial management. As Arkad rises to wealth, he shares his wisdom with others, teaching them the importance of saving and investing for the future. In addition, The Richest Man in Babylon promotes the importance of financial literacy. Arkad’s depth of knowledge about money and its workings is impressive, and his ability to communicate this knowledge to others is an important skill for anyone looking to get ahead financially. Finally, The Richest Man in Babylon is an inspirational story about what is possible if one is willing to work hard and make smart financial choices. Arkad’s example shows that anyone can achieve success if they set their mind to it. For these reasons, The Richest Man in Babylon is a great book for millennials who are looking to get ahead financially.
For the future real estate investor – Many of the financial literacy advocates and practitioners started with this book with an intriguing title. With its engaging narrative form, which chronicles the author’s experiences as a budding investor, millennials can relate with the first lessons the author learned. Additionally, the sections are divided into the foundational principles of financial literacy that the author learned, making it easier to follow and remember.
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Personal Finance for Dummies, 9th Edition by Eric Tyson is an excellent book for millennials looking to enter the world of business and finance, or just familiarize themselves with best finance practices. This all-inclusive book includes a wellspring of financial insight on everything from budgeting and investing in mutual funds to understanding different types of insurance—newer topics include cryptocurrency, technology, and even millennial lifestyle changes. Personal Finance for Dummies provides pivotal information to make well-informed business investments, and is an excellent resource to help millennials build financial literacy
A fantastic book for millennials about finance that I love is The Financial Diet by Chelsea Fagan. What I love about this book is that it doesn’t judge, it is a finance book that is for everyone whatever your situation is, and it won’t talk down on you for not knowing certain things. Fagan is very upfront with her advice and talks concisely and clearly, this is a really important read for any millennial that doesn’t know where they should be with their finances.
The book Financial Literacy for Millennials is one of the best books when it comes to understanding finance at a young age. The book is easy to read and provides practical tips for managing finances. It also offers advice on saving for the future, investing money wisely and making sound financial decisions. This book is perfect for millennials who are looking to get their finances in order and learn more about money management.
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This book is about how the author achieved being a multi-millionaire. He gave tips on maneuvering the industry and shared lessons he picked up throughout his journey. It explains the difference between being lucky and intelligent in the business world and how to take advantage of it.
If you are in your 20s or 30s, knowing about the world of crypto is just as prevalent as knowing about anything to do with finance. However, the world of crypto can be a very daunting thing to learn about. That is why I always recommend The Truth About Crypto by Ric Edelman. It is a brilliant and informative book for learning about crypto that reads very easily with concise and easy-to-understand language. Edelman writes in a way that’s interesting for both people who know nothing about crypto and those who know about crypto and want to learn a little more.
This bood gives a great education to millennials looking around stocks investments, the author shares his personaly experiences across many areas of investment scenarios and with each chapter he also makes big word sound simple, but also adds acronyms and financial terminologies which are used in the open trading floor. A great finance book for any millennial who is interested in Finance.
Investing is a very important part of finances, but it can seem like a very daunting thing to learn about. If you feel like this I really recommend Benjamin Graham’s The Intelligent Investor Graham’s book is the book on investing and has been hailed by the likes of Buffet and for good reason. It explains the basic aspects of investing as well as explaining how you can invest without going into it blind. A lot of millennials do not know the power of investing intelligently, and this book will really help you get into it.
My suggestion is Andrew Tobias’ work ‘The Only Investment Guide You’ll Ever Need First published nearly 40 years ago, generations of Americans have used updated versions of this book to introduce themselves to the world of investment and personal finance. Tobias dishes out useful, concise, and easy-to-understand financial advice that young adults need now perhaps more than ever, and to top it all off, does it in an engaging and occasionally even humorous way. There is a reason why over a million copies of this book have been sold. I’d recommend it to any of my friends- indeed I have, and none have been left disappointed.
I recently read this book to learn more about the changing world of finance that my kids are going to encounter soon – and it was so well written and easy to follow! The author really makes an effort to understand what financial worries this generation is going through, and they mix finance exercises and knowledge with empathy to make this topic accessible for everyone.
Tony Robbins invested ten years of his life to this book. After facing a crisis of money Robbins decide to tell people some useful techniques that can help them to secure a good future. This book contains each and everything related to changes or allocation of resources.
I really enjoyed how this book downplays the ‘scary’ elements of finances – in that it isn’t something that should be avoided or feared, simply because we may not immediately understand how certain concepts work. ‘Get Money’ explains that finance can be easily understood if we are willing to put time into learning it!
The psychology of money by Morgan Housel teaches about becoming wealthy in a realistic sense. The book says that many people want only to look rich instead of becoming truly wealthy. The book emphasizes the importance of increasing the saving rate. For millennials, it is a starter book to learn about finance.
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No matter your financial situation, “How to Adult” by Jake Cousineau takes you step by step through major financial milestones to help you make these decisions on your own. Books about personal finance can often fail to hold the reader’s attention, tending to be overwhelming and complicated. This book focuses on the real world and offers real solutions, whether it’s deciding whether to lease or buy a car or which index funds to choose in investing. While many of the lessons may seem simple, it helps to have this guide to confirm what you know in case you don’t feel comfortable getting financial advice from many in your life.
I really enjoy how this book seems to take you through every single financial step that a person can experience in life, including college, work, and even retirement. With such a varied exploration of finance, Millennials will certainly be able to combat most money matters in life!
This book is more of a memoir, which millennials can relate to. Millennials are over how-to’s and would rather learn insights from another person’s first-hand experiences. Dunn includes interviews with psychology professionals, and ends each chapter with tips on everything from maneuvering student loans to investing and more. Dunn is refreshingly funny, and relatable with her stories of failed gigs and underpaying side hustles.
Gerstley gets real about money and tackles the taboo topics head-on to share how you can de-stress your money once and for all. Gerstley focuses on how you can become more aware of where your money is going and changing your mindset regarding spending. This easy read will help you take the first steps to get into financial shape.