Books That Teach About Money to Ambitious Young Adults in 2019

After finishing any education level that our dearly and prestigious school system has got to offer, don’t you feel that there was an important lesson they didn’t teach to you that absolutely should have been on their courses?

Which lesson is that? The lesson on making money of course. How can the most basic skill of them all not be included on their checklist of things you got to know before heading prepared into society?

The answer is: because they don’t want to teach you, they don’t want you making more bank than them you see, and, if anything, that should motivate you to even more. Forget about waiting for them to teach you, learn yourself how to make bank through the lessons these money books for young adults are filled with.

#1 The Most Important Thing Illuminated by Howard Marks

“The book “The Most Important Thing: Uncommon Thoughts for the Thoughtful Investor” by Howard Marks does a wonderful job of framing the benefits and philosophy of value investments. In particular, he goes into a well thought out, approachable discussion about the relationship between risk and reward in the world of investing.

He lays out a strong case that reliably successful investing depends on deriving an accurate assessment of intrinsic value and investing when the asset’s price trades below this value. He claims the most important things are: (1) understanding how to value an investment and (2) identifying how market price movements affect current value.

He states, “To value investors, an asset isn’t an ephemeral concept you invest in because you think it’s attractive (or think others will find it attractive). It’s a tangible object that should have an intrinsic value capable of being ascertained, and if it can be bought below its intrinsic value, you might consider doing so. Thus, intelligence investing has to be built on estimates of intrinsic value. Those estimates must be derived rigorously, based on all of the available information.” ”

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#2 A Random Walk Down Wall Street by Burton Malkiel

This book is an an introductory yet comprehensive guide to investing. Malkiel explains how markets work in plain language and provides some easy to understand practical instructions. I often recommend this book as the first investment book to read. Even if Investments isn’t something you want to tackle on your own this book will help you understand what is going on. Just knowing the principles in this book will help keep you from wasting your time and money.

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#3 The Millionaire Next Door by Thomas J. Stanley

“This book will likely shatter everything that millennials believe about wealthy people in America.

The Millionaire Next Door demonstrates how mundane and simple the lives of millionaires can be, and suggests that becoming one is often a matter of good planning and discipline. Achieving millionaire status is more accessible than many young people may realise.

This book does a great job of laying out a roadmap for financial success that virtually anyone can follow. You don’t need to be a famous actor or entrepreneur to strike it rich, you just need a solid strategy and a few decades of time to work the strategy. ”

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#4 Financial Freedom by Grant Sabatier

Grant writes with the young adult in mind – those who haven’t quite figured out this whole adulting, money thing. More importantly, he was someone who was there so he has a real understanding of what we are all going through, without sounding condescending. It truly changed my outlook on how to handle money as a young adult.

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#5 How to Be a Capitalist Without Any Capital by Nathan Latka

Nathan challenges the traditional business rules most entrepreneurs are told they must go by. Nathan provides real stories with actual screenshots as proof of his adventures as he has grown to make $100,000 in passive income a month. He uses a totally different set of rules to build a fortune. Nathan is an author who is actually doing what he writes and then shares his real tactics with the world. This book is for people who take action.

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#6 The Accounting Game by Darrell Mullis

This book helps young adults learn the basics of accounting, how to master managing money, and helps to build their confidence with handling money.

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#7 Rich Dad Poor Dad by Robert T. Kiyosaki

Aside from being one of the best business books of all time, I strongly feel that the information in Rich Dad Poor Dad is especially relevant to young adults. The book tells the story of how the author essentially had 2 dads growing up, his real dad (poor dad) and his friend’s dad (rich dad). This really resonated with me as a young adult as it made me realise how strongly influenced your money habits are by your parents, and how important it is to surround yourself with people who are good with money when you’re growing up.

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#8 Everyday Money for Everyday People by Todd Christensen

Rather than speaking over the heads of non-finance experts or speaking down to young adults, teens and others looking for practical help, Everyday Money shares personal stories from students and from the author’s own life that address the fundamentals of money management. Chapters are organised with 2-4 pages of reading, followed by step-by-step guides, Do’s and Don’ts lists, quotes and fun factoids. The writing style is direct, accessible and geared to readers from teens on up.

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#9 Dave Ramsey’s Complete Guide To Money by Ramsey Dave

Dave Ramsey has authored seven best-selling books on personal financial management, and he’s a highly regarded commentator on a wide variety of money matters. In this comprehensive, easily digested book (331 pages long), readers will learn about the financial skills required for personal economic success in the 21st Century. Dave covers topics such as budgeting, saving, investing, and dramatically reducing debt, while also teaching readers about insurance, emergency funds, and the nuts & bolts of mortgages. In summary, this is an excellent foundation for novices just learning about the economic world in which we live.

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#10 The 7 Fruits of Budgeting by Roslyn Lash

The book provides examples of how to save and develop a spending plan. It explains the importance of a budget and takes the reader step-by-step on how to get started. Young adults must take hold of their money, implement a plan, and be sure that their goals are aligned with their actions. The book does exactly what it says. Following the instructions will lead to a more abundant life.

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#11 The Little Book of Common Sense Investing by John C. Bogle

In the The Little Book of Common Sense Investing, John Bogle effectively argues that it’s far too difficult for the average investor to consistently pick individual stock winners and for this reason, investors should invest in the stock market itself by investing in the S&P 500 or Total Stock Market index funds. By investing in these index funds, investors will earn average returns and avoid the concentrated risk of individual stocks.

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#12 Financial Freedom by Chase Lawson

It’s a helpful and engaging book geared towards becoming financially free and achieving a lifetime of prosperity. It has helpful tips and strategies towards overcoming debt, budgeting, etc. and is presented in a way that young readers can easily relate to. It’s written by a 26-year-old who’s personally overcome $23,000 in debt and he presents it in a way that’s easy to understand while providing substantial value and helpful information. It is geared towards young adults and will set them on a path to long-term financial success.

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#13 You Can Retire Early! by Deacon Hayes

Retiring early is not limited to lottery winners or the super rich. With proper planning, you can retire at a younger age than you ever dreamed—but only if you know how. Learn practical advice and set yourself up for success. It is never too early to start!

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#14 I Will Teach You To Be Rich by Ramit Sethi

It is the most practical, step-by-step book on how setup your entire financial life for success regardless of your current financial knowledge – including how to automate your bills and investments, negotiate credit card fees, manage large life expenses (houses, weddings, kids). While the title may seems gimmicky, the book is anything but. The big question it asks – What does a rich life look like to YOU? And then how do you make that happen? Master your money, and then get on with your life.

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#15 “Money Matters” by Karen Ford

This books provides keys to budgeting, demolish debt and building wealth.

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#16 The Richest Man in Babylon by George S. Clason

Best recommendation for youngsters who want to do better with their wealth. It covers the simple truths and tools to save your investment and how to use it to multiply itself with the time.

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#17 “How to produce abundance in your life” by Dr John Polis

This book gives details in how you can live the abundant life.

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#18 Your Name and Colors Key to Your Beauty, Career, Personality, Romance and Success by B P Greycastle

“The book Your Name And Colors Key To Your Beauty, Career, Personality, Romance, And, Success Helps young people determine what their career should be along with telling them how to control their money management.

Baron Paul Greycastle has made one of the Greatest Discoveries of All Time. He shows, with a tremendous amount of lists, facts and figures, that the most famous and successful people in practically every career field: Archeologists, Artists, Athletes, Comedians, Composers, Designers, Doctors, Educators, Environmentalists, Health Gurus, Inventors, Journalists, Lawyers, Models, Musicians, Peace Makers, Photographers, Physicists, Positive-Thinking Philosophers, Promoters, Richest, Romantics, Sales People, Singers, Talk Show Hosts, Writers and many more, are successful because of their colour-coded names. He proves, with undeniable evidence, that Sir Isaac Newton and Albert Einstein owe their great knowledge of physics to their names.

He shows that our colour-coded names determine who our romantic soul mate should be, what colours we should use in our homes and wardrobe to stimulate and create the 7 different home decor mood environments and project the fashion image styles (youthful, intellectual, harmonious, dramatic, corporate, romantic & sexy).

This is one of the greatest self-help books ever written. Find out what your name says about how to enhance your beauty, choose the right career, find the right romantic soul mate, build the best colour/style wardrobe, and stimulate your 7 centres using your colours in your home or business environment. Greycastle claims that if his philosophy is accepted by the mainstream medical society, it could possibly create two new medical fields: Endocrinology Psychology and Endocrinology Psychiatry. ”

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