The time has finally come: You leave high school or college with a picture of how perfect things will be now that you’re no longer confined to the daily grind of classes and parents.
easy street is just around the corner and you can make your own decisions without anyone else telling you what to do. the time has finally come to reclaim your independence and become a “real” adult.
You are reading: Books about finances for young adults
As soon as the ink on your freshly minted diploma has dried, it goes to the mailbox and bam! reality checks. her first student loan bill. followed days later by utility bills, rent, car payment, car insurance, health insurance, groceries, and spending money (if you ever intend to go out with your friends).
Also, unless you’re one of the lucky few to land an incredibly high-paying job, you’re probably finding that your new career pays a lot less than you expected.
To make matters worse, you’re also supposed to start thinking about retirement planning, saving, investing, and a down payment on your first home. For those of you planning to have children, there is more money you need to come up with.
You start to panic. how will you survive will you be homeless? What if you never get to where you wanted to go? he has already convinced himself that he will never be able to retire.
breathe. Like the millions before you, your early twenties and young adulthood can be overwhelming, but all hope is not lost. in fact, the sky is still the limit and there are many ways to overcome the obstacles of new responsibilities and how to grow your wealth.
Good news: There are several incredibly helpful financial books geared toward millennials and young adults to help them navigate this new territory.
Here are some of our top millennial-recommended options to help other young adults get a handle on their finances:
john linden, founder of mirrorcoop says:
“When I was younger, I had no idea how to invest my money. I had investment accounts through my bank, but I didn’t know what to do with them. after several failed attempts in the dark (and probably $500 in losses), I decided to start asking for help.
A friend of a friend recommended this book to me, which illustrates some of the methods Warren Buffet uses to make money in the stock market.
Before I read it, I always thought investing was about taking big risks, but this book taught me how to approach it in a smarter, more measured way. I am incredibly grateful for the information I have learned from this.”
The book titled “Personal Finance in Your 20s for Dummies” by Eric Tyson caught the attention of isitwp’s content marketer, Zakiyah Toor specifically because it was aimed at twenty-somethings.
tyson breaks his advice into sections, from budgeting to investing to change the way you think about money.
The book uses simple terms that anyone would know and makes it clear that it is written for those just starting out trying to save and earn more money, especially millennials.
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This book is written by a millennial for millennials.
This book is written in a way that young people starting their financial journey can understand.
covers a variety of topics, including buying versus renting, when and how to invest, life insurance, tax planning, and much more. It also includes helpful tools, like a budget template, that readers can take advantage of and implement in their own lives.
brenda knight of mango publisher suggests student loan solutions for young adults.
“Loans should be easy, but unfortunately, student loans are complicated. If you’re one of the 70% of college graduates with student loans, Student Loan Solution has financial advice for you.
Those who have student loans, especially those with lots of student loans, need to approach their finances differently than those who don’t have student loan debt.
Student Loan Solution explains what student loan borrowers should focus on when it comes to their finances, beyond managing their student loan debt.
plus, it shows borrowers how to take advantage of strategies that help them earn more money, save more money, and ultimately pay off their student loans faster.
By the time you finish reading The Student Loan Solution, you’ll understand your student loans, gain control of your finances, and be armed with strategies to improve your finances and ultimately your life.
For millions of Americans, paying for college meant taking out loans. Fight the Student Loan Epidemic Affecting 40 Million Borrowers: Learn the best way to pay for the college degree you worked so hard to earn.”
Twenty-five-year-old Serafima Aleksandrova has a confession to make.
loves the financial diet both because it is well written and beautifully designed and because of the tone of the texts.
the book has zero judgments which is refreshing for a “personal finance” book because these texts are often written by experts who know it all while “poor youngsters know nothing” as if we were all john snow.
so i had a lot of fun reading tfd and even gave a copy to some of my friends because of the authenticity and relatability of the stories it made me feel understood and inspired to try saving strategies and rethink my relationships with money .
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I would recommend the financial diet to all twenty-somethings who are tired of hearing the same stereotypical expert opinions about money.
some books remain relevant for a long time and this book is one of them.
Popular among multiple age groups from Gen Zers to Gen Xers, millennial igor mitic (co-founder of fortunly.com) thinks “this is the most inspiring personal finance book for entrepreneurs i’ve ever read and even though it was Written over 10 years ago, it is as relevant as ever to the millennial generation.It is a must-read for any millennial aspiring to become an entrepreneur.
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The book helps you understand what goes into the mindset of an entrepreneur. Using his personal experience, Timothy Ferriss does a fantastic job of illustrating his journey as an entrepreneur from start to finish, providing a detailed account of his personal life and his thought processes. The book is an easy read, and you’ll not only learn about an entrepreneur’s journey with principles that can be applied to any startup or online business.
Personal finance blogger Gladice Gong of Earn More Live Freely finds Lowry’s book “good for young people at the beginning of their financial journey because it covers all the basics of personal finance, like saving, paying off debt, budget and invest. , and she also emphasizes the importance of a good money mindset and provides tips on how to refocus your attitude toward money in a more productive way.
This is extremely valuable because real changes can only happen after you’ve experienced a change in your mindset and attitude.
In an ever-changing financial world, strategies and tactics may change, but the basic personal finance principles taught in the book will always apply.
This book was recommended to me by numerous young adults and millennials, and I’ve personally read and reread it several times (and I’m a xennial, so this has stood the test of time).“this book is a complete life change, as it opens our eyes to the flawed relationship many of us have with money,” says claudia torres, lifestyle blogger for the popular blog thefab20s.
“the main gist of the book is ‘the rich buy assets, the poor buy liabilities that they think are assets’. if a person can understand that concept and understand it, he will not have financial problems in his life.this is the perfect book for twentysomethings as everything is explained in layman’s terms robert explains the concepts the same way his ‘rich dad’ explained it to him when he was just a kid in fact my own dad gave me this book when i was in high school and understood about 80% of it at the time.(the last few chapters on taxes and investing were a bit difficult for a 12 year old).It’s the perfect book to lay the groundwork for millennials and take them through the right path before they make bad financial decisions.As for my own personal finance journey, this book laid the groundwork for finding ways to make money work for me and not the other way around.I am currently 27 years oldand have created multiple streams of income in the last two years. The book planted the seed that should guide me on my own journey to learn all I can about making money, investing, passive income, etc. and it’s always the first book I recommend to my friends.”
This book is ideal for young adults because the format is simple and easy to digest without using complex financial terms. he is not condescending or intimidating in the way he communicates.
uses real life examples in an interesting way and has no charts, graphs or numbers. The book clearly and simply covers important topics like debt, budgeting, saving, spending, investing and more in an informative way and is great to use as a guide when you need a quick answer to a question.
Practicing the principles in the book really helps millennials start their financial lives off right and empowers them to take control of their finances.
Benjamin Sweeney of Clydebank Media recommends Snow’s book, stating that “it’s the book I would recommend the most.” snow does not focus on specific dollar amounts or strategies that only the super rich can access.
Millennials often don’t have a lot to invest, and ted’s presentation of universal or evergreen strategies and concepts in a way that is independent of individual investors’ capital resources is helpful (and practical).
Most of ted’s recommendations are considered “vanilla” investing approaches and generally align with best practices outlined for no-touch or low-touch investors.
Reading this book shows that you can participate in the market without having to spend massive amounts of time reviewing earnings calls, watching trend lines like a hawk, or logging into your portfolio multiple times a day.”
“This book changes the rules of the game. ramit is the only author who explains why you can invest in what you like or enjoy. and you should do that, to feel better and live your life rich.
to do that you need to cut everything else mercilessly. sends you on a 6-week program to get your finances in line. a must read for all graduates and early careers and for all who haven’t read it yet.”
– peter wilfahrt, of versandgigant, author, entrepreneur, self-proclaimed “digital native” and computer security.
There are many books available for young adults who want to jumpstart their financial lives and take control of their finances. Wherever you are on your journey, take the time to educate yourself while you’re young so you can enjoy the fruits of your labor throughout your life.
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