Saturday, September 5, 2015

7 Personal Finance Books You Should Read in Your 20s

It's important that every now and then we are educating ourselves. Money plays vital role in our every day life and specifically in the future. If you have extra time, why not read personal finance books. You can read while relaxing in a coffee shop or during work or class breaks.

The best time to educate ourselves is when we are still young so that we can use it as inspiration while growing our wealth. There are tons of personal finance books we can read but in this post I round up the top 7 personal finance books you should read in your 20s.


7 Personal Finance Books You Should Read in Your 20s


1. The Millionaire Next Door by Thomas J. Stanley and William D. Dako 


The Millionaire Next Door is a compilation of several millionaires profiles. They research about the comparison between they call Under Accumulators of Wealth and Prodigious Accumulator of Wealth. Some of the man points of the book are spend less than earn, spending habits and investing strategies.

2. I Will Teach You to be Rich by Ramit Sethi 


I Will Teach You to be Rich is a book written intended for the regular people. The target of the book is ages 20s to 30s so it's a perfect read for those young adults. Some of the main topics of the book are credit cards banks, investing, budgeting and automation.

3. If You Can: How Millennials Can Get Rich Slowly by William J. Berstien


If You Can: How Millennials Can Get Rich Slowly is consider as a booklet since compare to other books it is way shorter. It is very rich of useful information made for those in their 20s. A great starter book about investing.

4. The Automatic Millionaire: A Powerful One Step-Plan to Live and Finish Rich by David Bach


The Automatic Millionaire: A Powerful One Step-Plan to Live and Finish Rich is a basic finance book and a must read for those starting their journey to financial freedom. Some of the main points of the book are pay yourself first, put away 10% of your money and save even if you have debt.

5. The Investment Answer by Daniel Goldie and Gordon Murray

The Investment Answer is the #1 New York Times Bestselling book for individual investors. An excellent primer for those that are interested in investing. Some of the points of the book are dealing with brokers, asset allocation, relationship between asset and risk and diversification. 

6. The Money Book for the Young, Fabulous and Broke by Suze Orman

 
The Money Book for the Young, Fabulous and Broke is a book tackling about the money matters of the young generation specifically the recent college graduates. Some of the topics of the book are career moves, save up, retirement rules, investing made easy and love and money.

7. You're So Money by Farnoosh Torabi


You're So Money is one of personal finance books you should read in your 20s. Some of the main topics of the book are no more debt drama, banking in bed and scoring, rich people dress good, cruise control and money is everywhere.

Photo courtesy: quattrostagioni

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