The Best Finance Books For Millennials

If you are sick of just getting by or living paycheque to paycheque this book will help you. Broke Millennial provides a step-by-step guide to getting your finances in order. You might be expecting more of the typical budgeting tips most personal finance books throw at you. Fortunately, this book steps away from the mainstream and uses smart and savvy tactics that can actually make a difference.

This insightful self-help book offers a 9-step program to help individuals transform their relationship with money and establish financial stability. It teaches readers how to get out of debts, save money by establishing healthy money habits, invest, and create wealth.

The book is perfect for millennials still trying to figure out how to build their finances. It uses simple terms to explain strategies in paying off student debts, sticking to a budget, paying taxes, and starting a home-buying journey. For millennials who have already built their financial foundations, there are also topics about growing an investment portfolio, having a second source of income as well as financial lessons from the recent pandemic.”

The book The Kids’ Money Book: Earning, Saving, Spending, Investing, Donating by Jamie Kyle McGillian is one of the best finance books for kids. It teaches kids how to create a budget, earn money from allowance and make it bigger, invest, and donate as well. It tackles the basic financial lessons but in a simple and fun way. Hence, this is a really good financial starter book for kids.

This is the perfect finance book if you are a teen because it is written in a very simple way. Since you are looking for something that can easily teach you about the ins and outs of good personal finance management, this book can be your guide. It will teach you the basics of budgeting and saving money, as well as reducing debt and maximizing government benefits. The best thing that this book can teach you is how you can evaluate and manage your finances, as well as improve your credit score. No other book can holistically explain everything in a very simple way. Hence, this is the perfect book for those looking to improve their financial literacy.

As a younger person I have no best idea yet that would actually help to invest my money ideally. Additionally, I had invested so many accounts in the bank but I have no idea what to do with it. This book actually helps me to approach where I should invest in a more measurable and smarter way.

It is essential that loans must be straightforward but student loans are unfortunately more complicated. If you are one of the individuals among 70% of the graduates of college then the student loan solution has the best financial advice for you. This book helps you to access beneficial tips for loans.

This financial book is a must read for millennials because it digs deep into our behavior with money. It also goes over the fundamentals required for investing and saving money. To me, this is one of the best financial books because it makes the reader acknowledge their relationship with money and change their financial behavior accordingly. The Psychology Of Money emphasizes a very important realization – acquiring money and being able to keep that money are two very different capabilities. This book highlights out how wealth is truly more about how much money you save rather than how much you earn from your job or investments. This book can help change your financial mindset and avoid the psychological rat race of keeping up with the Joneses. Our spending behavior is the root of our financial success. By saving money and staying out of debt we can give ourselves more freedom. My favorite quote of the book is “The highest form of wealth is the ability to wake up every morning and say, ‘I can do whatever I want today.’”

A lot of millennials would rather avoid getting control of their finances because every time the subject of personal finance comes up, they’re told they need to stop buying lattes and live on as little as possible. This book provides a welcomed new approach where readers are urged to spend money on the things they love and bring them happiness and cut out the things that don’t. So, have your latte if you love it. The author moves beyond academics and shares his personal information so you can understand exactly how he got started investing and what he spends money on versus what he has eliminated. His idea of budgeting is a plan to spend your money versus the traditional mindset of a fence to stay within.

Many of us are convinced that thinking big is the key to achieving financial success. James Clear explains in his book that we can achieve our goals by creating little habits every day. Connecting your new habits to something you find enjoyable can create positive emotions around the task, and as a result, your body releases dopamine. It’s a hormone responsible for motivational prominence. Avoid thinking of daily habits as a sacrifice, e.g., going to the gym won’t show any results in a few days. Approach it as a fun activity that increases your energy and positively impacts your mental health. If a healthy lifestyle is part of your identity, and you want to get better at it daily, you will be able to stick with it. If you complete a whole week of habits, reward yourself by doing something enjoyable. If every entrepreneur could stick with their daily tasks, every single entrepreneur would be successful.. But that is not how the world works.

The book explains how differently developed financial knowledge can significantly impact your success in the future. Our lives will always be the effect of our daily habits and our conscious thoughts. People with a poor mindset will get a raise at work and find ways to spend more money to find short-term joy in material things. People with rich mindset invest their money to ensure several income sources and assets. Money makes money. Education is essential when dealing with finances – learn the financial language, read about investing and taxes, and find opportunities and jobs to help you generate extra income. Stop fearing losing money. Rich people didn’t get wealthy by never failing.

If you are looking for a beginner-friendly finance book, you should definitely read this one. It is an excellent empowering book about finances and investment for women. It’s a great base to start with. The author gives you a clear understanding of fundamental investment knowledge. The book is structured very well; I liked the critical points of each chapter listed at the end of it. It is filled with practical advice, which is not overwhelming and easy to follow. The author doesn’t tell you what to do with your money. With practical everyday examples, she explains all the possibilities on concerning issues: from budgeting strategies to dealing with your debt. I really loved this book, and I think every woman interested in finance management should read it. Bola Sokunbi has two more books in the Clever Girl series, which I recommend checking out.

I know, right now, retirement seems to be far away. And even the thought of it may seem very scary. But trust me, good preparation and knowledge make a huge difference. In my opinion, it is always better to be ready in advance. So even though I don’t plan for my retirement in the near future, I have already begun studying financial possibilities regarding it. And if you want personal financial advice, Jane Bryant Quinn is the best person to help you. She knows everything about it and gives amazing and profound knowledge on how to make your money last. The book is filled with tips and practical advice. It also does a wonderful job explaining both the financial and psychological effects retirement has on us. A perfect book to get a perspective on retirement and reevaluate your finances.

I have been following Nick’s financial blog for some time and really enjoyed it, so I was looking forward to reading his book. And it did not disappoint. Nick Maggiulli has a gift for explaining complex things in an easy and engaging way. He gives all the answers to your financial questions based on data, evidence, and numbers. The author doesn’t tell you pre-made ready-to-use decisions for different situations. He tells you all about the way of thinking you should have to make financial decisions fast and successfully. Recently I have been interested in real estate, so I was particularly excited about the chapter regarding Buy vs. Rent and the author’s points about it. So if you are interested in that, you should definitely read it. Overall, this book is a great guide on balancing your earnings, spending, savings, and investing based on numbers and data.

This book is all about how to retire early and achieve financial freedom. It covers topics such as saving money, investing, and budgeting.

JL Collins collected financial wisdom for his millenial daughter in this book. He used terms anyone can understand and explained important financial information in an easily digestible way. He wrote this book for people who know it’s important to understand money, but have better things to do than think about money all the time.