When it comes to personal finance everyone can benefit from good advice. I am sure by now you have heard of The Barefoot Investor and all his following and his simple way of managing your money. In this article, we have compiled a list of other books that provide a good approach to personal finance for millennials.
If you are reading this article it probably means that you are looking for ways to improve your financial situation. Congrats, you are one step closer to being a responsible, happy adult!
As you may know, millennials tend to find themselves at a very crucial part of their lives, career-wise and financially. And let’s be honest, it’s not like we have years of experience managing our money, so a bit of help here always comes in handy.
So we decided to put this article together to talk about some of the best personal finance books that millennials and young professionals can really benefit from that are not ‘The Barefoot Investor’.
Why use personal finance books for advice and information?
You will find a huge range of personal finance books designed to cater to people of different ages, with different goals, and from different walks of life. The most important thing that books provide, in our humble opinion, is perspective and mindset. Managing your money is not rocket science but it does take discipline and making choices, and these books mention examples and real-life scenarios where you could be making smarter decisions.
Millennials are often just getting to grips with personal finance management, and currently, we are living a drastic global change in the economy which affects everyone on a personal level down to where you spend your money and on what.
Many of the personal finance books on the market today have been penned by experts in the field, which means that you get to benefit from advice and information from those with the necessary experience and knowledge. In addition, you always have the books at hand when you need to refer back to them for information, which means greater ease and convenience.
Some of the top books to consider
If you are a millennial and you want to enjoy peace of mind when it comes to managing your personal finances, there are a number of books that you can turn to for invaluable help and advice. Some of our top picks that you can consider include:
- Generation Earn: The Young Professionals Guide to Spending, Investing, and Giving Back: This fascinating book, which is written by Kimberley Palmer, is a great read for young professionals that are keen to make the most of their finances. The book covers a variety of areas, which means that you can benefit from a diverse array of financial advice from an expert. You can learn more about personal spending, financial goals, the best investments, debt management, and much more. This is one of the best personal finance books if you want a good all-rounder with a plethora of sound advice.
- No One Ever Told Us That: Money and Life Lessons for Young Adults: Written by John D. Spooner, this book focuses on both life and financial lessons that young adults need to know in what is described as an uncertain world. This book is very useful as a guide and focuses on information that is not widely taught or known but that can prove immensely valuable to any young adult. This is a great book for 20-somethings that need to learn crucial financial lessons before they consider things such as going it alone, marriage, buying a home, and other huge financial decisions.
- Starting Out Right: A Proven Financial Strategy for Young Couples: You might be living with your partner and want to start off your financial journey with the right foot. It’s important to learn life’s financial lessons as a young couple so that you can work together toward common financial goals. This book is packed with valuable advice for young couples who are starting out. It is written by Larry Burkett, who teaches a range of lessons from how to work out your budget as a young couple through to how to stop bad financial habits early on in life.
- Smart is the New Rich: Money Guide for Millennials: This guide is created by Christine Romans, who is the chief business correspondent for CNN. She offers a step by step guide for millennials covering a range of financial matters that will crop up for those in their 20s. This includes everything from credit and debt through to saving, taxes, mortgages, and investing. The aim of the book is to teach those in their 20s to enjoy a healthier financial lifestyle and a brighter financial future.
- Debt-Free By 30: Practical Advice for the Young, Broke, and Upwardly Mobile: Many people in their 20s are still battling to pay off debt such as student loans, which can cause a huge issue when it comes to financial fitness. This book, penned by Jason Anthony, is designed to show younger people how to eliminate debt while they are still young so that they can be free from the burden of debt by the time they hit 30. You can benefit from a step by step financial management plan to help rid you of student and other debt as part of this book, making it a great option for those that have left college and university.
- Get a Financial Life: Personal Finance in Your Twenties and Thirties: This book covers personal finance both in your 20s and 30s, so you can continue to refer to it for years to come. Written by Beth Kobliner, it focuses on helping younger people to get their finances in order, learn valuable financial lessons, and work toward a bright financial future. It covers everything from spending, debt, and saving, so you can work toward financial fitness and then maintain it into your 30s.
Valuable lessons for Millenials
All of these personal finance books focus on providing valuable financial lessons for millennials. This is the best age to learn these lessons, as it means that you can enjoy financial fitness while you are still young. With a wide range of information included within the pages of these books, you can also look forward to finding out about all areas of personal finance. This is something that can stand you in good financial stead both now and in years to come.