Are you looking for some good financial books to read?
We've put together a list of the 7 best financial books for young adults. These books will teach you everything from how to budget your money to how to invest in stocks. So whether you're just starting on your own or you want to get ahead financially, these books are a great place to start if you want to improve your personal finances!
Check out our list of the 7 best financial books for young adults and learn everything you need to know about money!
Purchase one of these financial books today on our website!
How We Choose These 7 Best Books for You
It can be hard to know where to start when it comes to personal finance, especially if you're young.
You're probably inundated with a lot of conflicting information about money. On the one hand, you have people telling you to save for a rainy day, but on the other hand, you have people telling you to invest in stocks and get started as early as possible. Who's right?
We believe that the best financial books for young adults are those that strike a balance between saving and investing. They should teach you how to make informed decisions about your money so that you can grow it over time.
Best for Teens
In this comprehensive yet easy-to-read guide, Robert provides insightful and inspiring personal stories with advice on how to make smart financial choices.
1. Rich Dad, Poor Dad For Teens” By Robert Kiyosaki
What Is This Book About
This exciting book was created from the international bestseller Rich Dad Poor Dad and is the perfect book for helping your teen thrive in their financial decisions. In this comprehensive yet easy-to-read guide, Robert provides insightful and inspiring personal stories with advice on how to make smart financial choices.
Packed with helpful information like tips and quizzes, your teen will also learn the language of money and how to make it work for them. Unlike other books of its kind, this one takes an interactive approach as it encourages teens to play money games to better understand concepts like investing and more.
Finally, Robert offers priceless advice that can help when it comes time to decide which path offers the best way to financial freedom. With Rich Dad, Poor Dad for Teens, you get the voice of a caring advisor coupled with wisdom that will stand your child in good stead in their future life! Invest today in this incredible resource about making smart financial decisions!”
Why You Will Love It
You will love Rich Dad, Poor Dad because it is full of stories, reflections, and wisdom which emphasize the importance of investing in yourself early and often. Robert Kiyosaki's approach to understanding how to create wealth as opposed to working for someone else resonates with a great many people - regardless of background or financial situation. He encourages people to understand the fundamental principles behind wealth creation so they can achieve financial independence. You'll be truly inspired by Mr. Kiyosaki's commitment to providing clear advice on how anyone can change their life through these fundamental investment strategies! This is a must-read personal finance book.
Best for Wealth Creation
In this book you'll discover how to choose the right accounts and investments, how to automatically grow your wealth, and how to spend guilt-free on the things you love.
2. I Will Teach You To Be Rich By Ramit Sethi
What Is This Book About
In these pages, you'll learn everything you need to know about personal finance and investing so that you can make your money work for you. You'll discover how to choose the right accounts and investments, how to automatically grow your wealth, and how to spend guilt-free on the things you love. Plus, there's a handy 6-week program to get you started.
So don't delay. Pick up a copy of 'I Will Teach You To Be Rich' today and start making your money work for you!
Why You Will Love It
You will love this book because it takes a unique approach to financial advice. Rather than telling you to cut back on your spending, I Will Teach You to Be Rich shows you how to make your money work harder for you. Ramit Sethi, the author, is a master at finding creative solutions to common financial problems. For example, did you know that you can often get late fees waived simply by asking? Or that there are special accounts you can set up that will earn you interest on your money instead of charging you fees? I Will Teach You to Be Rich is packed with useful tips like these that can save you thousands of dollars per year. And best of all, it’s written in a down-to-earth style that makes complex topics easy to understand. Whether you’re trying to get out of debt, save for a big purchase, or just want to take your financial game to the next level, this book is a must-read.
Best for Finance Transformation
This classic edition is filled with Dave’s proven methods for getting your financial situation on track.
3. The Total Money Makeover By Dave Ramsey
What Is This Book About
The Total Money Makeover by Dave Ramsey is the perfect way to see a transformation in your finances. This classic edition is filled with Dave’s proven methods for getting your financial situation on track. It’s a simple three-step process:
First, learn how to get rid of debt and make a plan. Second, save money for emergencies and long-term goals. Third, start investing and growing your money.
With this book, you'll be able to turn your flabby expenses into well-built budgets. Your sad and skinny little bank account will become larger savings. With Dave Ramsey's The Total Money Makeover Classic Edition, you can achieve financial success!
Why You Will Love It
You will love The Total Money Makeover: Classic Edition because it provides an actionable plan to help get out from debt and create a nest egg for your future. You'll learn about the ten most dangerous money myths that could hurt you if you're not careful as well as be provided with resources to help make your money dreams come true. This book also contains some great advice on marriage conflict, college debt, and a ton of other topics for your convenience. You don't even have to take our word for it—The Total Money Makeover has been a bestseller and five million copies have already been sold! You won't regret taking control of your finances today with this helpful book.
Best for Beguinners
You'll learn how stocks work, how each type of investment comes with its own set of risks and rewards and gain skills in asset allocation and diversification.
4. Broke Millennial Takes On Investing By Erin Lowry
What Is This Book About
Written in a friendly and accessible style, this book provides a comprehensive guide that breaks down the investing basics into easy-to-digest chunks. Whether your goal is saving for retirement, increasing short-term cash flow, or simply managing anxiety related to stock purchases, this book has all the advice and information necessary to get you started on the right foot.
You'll learn how stocks work, how each type of investment comes with its own set of risks and rewards and gain skills in asset allocation and diversification. You'll even gain peace of mind by learning how to buy and sell the stock so that you'll be well-equipped no matter what direction the market may take. So join Erin Lowry on her second book in the Broke Millennial series, get up-to-date with modern investing trends, and empower yourself to make smart decisions about your money today!
Why You Will Love It
Thanks to the Broke Millennial Takes On Investing by Erin Lowry, you can finally confidently manage your money and reach future financial goals! You will love this book because it provides a great intro to the complicated financial world without making you feel overwhelmed. Broke Millennial Takes On Investing is full of personal advice and stories on how to handle debt and emulate the mindset of the wealthy. You'll learn more than just investing terms, but gain insight into managing your money and setting goals for yourself to build an even brighter future. Get ready to improve your financial situation today with this wonderful resource!
Best for "Dummies"
This handy guide offers step-by-step instructions on how to reduce and file your taxes, pay off that overwhelming student debt, buy a home (even with not-so-perfect credit).
5. Personal Finance In Your 20s & 30s For Dummies By Eric Tyson
What Is This Book About
Personal Finance in Your 20s & 30s For Dummies, by Eric Tyson, is the perfect guide to help you start securing your financial future! Transform your finances with simple steps and clear advice so you can make money decisions that work for you. Whether you’re trying to save up for a house or just starting on your own, this book will help make the most of your twenties and thirties.
Tired of finding yourself overwhelmed by taxes and student debt? Say goodbye to those worries! This handy guide offers step-by-step instructions on how to reduce and file your taxes, pay off that overwhelming student debt, buy a home (even with not-so-perfect credit), create a budget for saving and long-term investing different accounts, start your own business; essentially anything finance related – without all the additional stress! Everything from planning for retirement to insurance basics is covered. Plus, it uses an approachable tone with creative visuals – thinks infographics instead of charts – so it's easy to comprehend.
Why You Will Love It
This book teaches you how to take control of your finances and build a secure financial future. You'll learn how to pay off loans, manage your credit, start the home-buying process, set realistic money goals, make smart decisions with your money, and protect what you have today. You can stop worrying about money and start putting it to work for you! Having the tools at hand to make sensible financial decisions is one step closer to achieving financial success.
Best for Saving
From budgeting tips to investing tricks and even advice about credit cards, there's something for everyone in 'A Path To Save Money for Teens'.
6. A Path to Save Money for Teens by SJ Publishers and S. Howell
What Is This Book About
This book provides in-depth knowledge, resources, and strategies that will give you the power to manage your money better. It's filled with in-depth advice that is easy to understand, so even if this isn't your strong suit you'll be able to confidently step into the world of personal finance. From budgeting tips to investing tricks and even advice about credit cards, there's something for everyone in 'A Path To Save Money for Teens'.
With this comprehensive guide, you'll get an inside look into making smart financial decisions that will help build wealth in the long term. This book will help provide the guidance necessary to live a smarter lifestyle and be more aware of your spending habits.
Why You Will Love It
You will love this book because it provides clear and concise tips to help teenagers become financially independent. It offers an easy-to-follow structure, with chapters that serve as a step-by-step guide to help you navigate the world of investing. You'll learn how to stand out from the crowd, create money-making opportunities around you, and make the most of your time as a young investor. You have the power in your hands: take a step toward financial freedom and get access to top-notch strategies while doing it!
Best for Students
This book contains a step-by-step approach to financial freedom and will help you understand your loans and options better.
7. Student Loan Solution By David Carlson
What Is This Book About
If you are overwhelmed by your student debt, Student Loan Solution by David Carlson is here to take away all your worries. It’s a step-by-step approach to financial freedom and will help you understand your loans and options better. Written by the award-winning author of Hustle Away Debt and founder of the millennial personal finance blog Young Adult Money, this book provides readers with a 5-step approach that helps reduce the amount you owe. This approach will help you make more money, save more money, and pay down your student loan debt faster. With this helpful guide, you can rest assured that you are making smart financial decisions and planning out your future with ease. Take advantage of this opportunity today and start enjoying life free from worrying about debt!
Why You Will Love It
You'll love "Student Loan Solution" because it's the perfect resource for aspiring financial grownups who need practical, specific guidance. You won't be bogged down with homework either- author David Carlson provides an easy-to-follow five-step process simplifying the understanding of student loans in the most efficient way possible. With this book, you can make a detailed plan on how to pay back your student loan debt in no time!
Additional Resources For You
#1 The Millionaire Next Door
Best for Personal Finance
This is a motivational read for those who want to build wealth.
#2 The Millionaire Fastlane
Best Financial Books for Young Adults FAQs
Many people are looking for the best financial books for young adults, but they don't know where to start. They have a lot of questions about what to look for and what's the best way to learn about money.
It can be tough to figure out how to get started with your finances. There's so much information out there, it can be hard to know where to start.
We've compiled a list of the most frequently asked questions about financial books for young adults. This will help you get started on the right foot and make the best decisions for your money.
What is the best financial book to read?
If you're looking for a comprehensive introduction to personal finance, I would recommend The Millionaire Next Door by Thomas J. Stanley and William D. Danko. The book analyzes the spending and saving habits of millionaires in the United States, and it offers a great deal of insight into what it takes to build wealth. It's a bit dated (it was first published in 1996), but the principles still hold today.
What is the best financial advice for young people?
Start with a budget. Creating and following a budget is the best way for young people to get their financial lives on track. A budget will help you see where your money is going, identify areas where you can save, and set goals for the future. There are many different ways to create a budget, so find one that works best for you and stick to it! Some helpful tips include tracking your spending for at least a month, setting realistic goals, and avoiding common spending traps. Get started today and you'll be on your way to financial success!
What is the best finance book for beginners?
The best finance book for beginners is The Millionaire Fastlane by MJ DeMarco.This book is a great introduction to personal finance and offers a different perspective on how to become wealthy. Rather than saving and investing over the long term, the author advocates for making more money sooner rather than later. This book is a great read for anyone looking to get started on their financial journey.
See Link.
What is the 4 main financial literacy?
The 4 main financial literacy skills are budgeting, saving, investing, and risk management.
Budgeting is the process of allocating income to expenses in a way that allows you to meet your financial goals. Saving is setting money aside so that you'll have enough cash available to cover unexpected costs or achieve specific financial goals. Investing is putting money into assets such as stocks, bonds, real estate, or businesses with the hope of earning a return over time. Risk management is taking steps to protect yourself from potential losses by assessing and managing risks associated with your investments and other major life decisions.
What is the 50 30 20 budget rule?
The 50-30-20 budget rule is a guideline for how to allocate your monthly expenses. The 50-30-20 budget rule states that you should spend 50% of your income on needs, 30% on wants, and 20% on savings. This guideline is meant to help you stay within your budget and avoid overspending. If you are having trouble sticking to the 50-30-20 budget rule, start by evaluating your spending habits and see where you can make changes. You may need to cut back on your spending in certain areas or find ways to increase your income. Whatever you do, don't ignore your finances or put off saving for later. It's important to start building a savings fund now so that you will be prepared
How should a 25-year-old invest his money?
Firstly, it's important to understand that there is no one-size-fits-all answer to this question. What's right for one person may not be right for another. That being said, here are some general things to keep in mind when investing your money:
1. Do your research. It's important to have a good understanding of what you're investing in and the risks involved.
2. Diversify your portfolio. Don't put all your eggs in one basket. Spread your money out among a variety of different investments to minimize risk.
3. Stay disciplined and patient. Investing often involves waiting long periods for potential profits, so it's important to be patient.
What are the three Rs of financial literacy?
The three R's of financial literacy stand for:
1) Read: Learn about money and how to manage it.
2) React: Take action on what you've learned.
3) Repeat: Review your progress and make necessary adjustments.
What are the 4 pillars of wealth?
The four pillars of wealth are savings, income, investments, and debt.
Savings: One of the most important things you can do for your future wealth is to build a strong savings foundation. This means setting aside money each month to cover unexpected expenses and to provide a cushion for tough times.
Income: Having a steady stream of income is key to building wealth over time. You want to make sure that you're earning as much as possible so that you can save and invest as much as possible.
Investments: Investing your money is one of the smartest things you can do for your long-term financial security. By investing in assets such as stocks, bonds, real estate, and businesses, you protect yourself against inflation and safeguard your financial future.
Debt: is a weight that can hold you back from reaching your full potential. It's important to take steps to reduce or eliminate debt so that you can focus on achieving your financial goals.
How can I improve my financial skills?
There are a few things that you can do to improve your financial skills.
First, it's important to learn about personal finance and money management. There are a lot of great books and websites out there that can teach you the basics.
Second, you should start tracking your expenses and creating a budget. This will help you see where your money is going and identify areas where you might be able to save some money.
Third, you should try to avoid debt as much as possible. Debt can be very costly and it can take a long time to pay off.
Fourth, you should think about investing your money. Investing can provide you with a way to grow your money over time.
What should I do with 20k in my 20s?
Invest it! The earlier you start investing, the more time your money will have to grow. Investing also helps you learn about personal finance and how to save for the future. You can find a wealth of information on different investment strategies online or through a financial advisor. If you're not sure where to start, a good place to invest your money is in stocks or mutual funds. These options offer the potential for high returns over time, but there is also some risk involved. You can minimize your risk by doing your research and choosing carefully. Another option is to invest in real estate or bonds, which tend to be less risky than stocks but may not provide as high of a return.
Where should I be financially at 35?
There's no one-size-fits-all answer to this question, as everyone's situation will be different. However, a general rule of thumb is that you should have around six months' worth of living expenses saved up in case of an emergency, and you should also have retirement savings account with enough money saved up to cover at least five years' worth of living expenses. Additionally, you should be debt-free (or close to it) and have some investment accounts diversified across different types of assets.
How much does the average 25-year-old have in savings?
The average 25-year-old probably has little to no savings. A recent study by GOBankingRates found that 69 percent of Americans have less than $1,000 saved. And while it's difficult to estimate an exact number, the average 25-year-old likely falls within this range. One reason for this is that many young adults are still in the process of paying off student loans and other debts. Another reason is that many people in their 20s are just starting to earn a steady income and haven't had time yet to save up significant amounts of money. That said, some 25-year-olds have managed to save a decent amount of money.
What are the 7 financial skills?
The seven financial skills are:
1. Budgeting and saving money
2. Investing money
3. Managing debt
4. Earning more money
5. Understanding taxes
6. Planning for retirement
7. Understanding insurance concepts
What are five good financial habits?
1. Have a budget and stick to it
2. Automate your finances as much as possible so you're not tempted to spend mindlessly
3. Invest early and regularly so your money has time to grow
4. Stay disciplined with your spending and make saving a priority
5. Live below your means so you can save more money each month
How can a beginner gain financial knowledge?
A beginner can gain financial knowledge by reading books, attending personal finance workshops, and/or seeking the advice of a financial advisor.
Books that may be helpful for beginners include The Richest Man in Babylon and The Millionaire Fastlane. Workshops are often offered through universities or community centers, and a quick Google search will yield many results. And lastly, if you're not comfortable managing your finances on your own, it's best to seek the advice of a financial advisor. Financial advisors can help you create a budget, save for retirement, and invest wisely.
Conclusion
Deciding which financial book to read next can be a tough choice, especially when there are so many amazing options out there. We’ve saved you some time and narrowed down the best of the best personal finance books for young adults based on verified reviews from Amazon customers. So whether you’re looking to get ahead in your career, make smarter money choices, or just want to change your financial life, and better understand complex financial concepts and how the world of finance works, we’ve got you covered. Click on the buttons above and pick your copies now!
