Best Personal Finance Books For All Ages

Summer is a great time to catch up on your reading while soaking up the sun at the beach or relaxing by the pool. It’s also a great time to learn something new, like tai chi or, just a suggestion, more about your personal finances. If you invest a few hours each week this summer, by the fall, you’ll be better equipped and in control of your money.

There are many books out there that teach everything from the basics of budgeting to how to invest like a pro. I have listed a few of my favorites suitable for each stage of life.

Teens:

The Complete Guide to Personal Finance: For Teens by Tamsen Butler

If you’ve tried unsuccessfully to get your teen to be more responsible with their money, then this book is for both of you. This winner of the 2010

Next
The Generation Indie Book Awards have accomplished the impossible: providing good personal financial information that is entertaining enough that even a teenager will want to read it. Part of the book’s success is that Butler doesn’t preach, but instead educates teens about their options in a user-friendly and relevant format.

20 years and over:

You’re So Money: Live Rich Even When You’re Not By Farnoosh Torabi

Learning to live on an entry-level salary can come as a big shock to those who have just entered their first real job after college. Living within your means, especially at first, can be a tough adjustment, and racking up debt on new credit cards can be a temptation that’s too hard to resist.

Torabi, a savvy financial journalist and herself in her twenties, gives her peers sound advice to help them successfully adjust to their new level of disposable income, while still enjoying the finer things in life.

Why didn’t they teach me this at school? Cary Siegal 99 Principles of Personal Money Management

The author originally wrote this book to impart good money management skills to his five children. Since most high schools and colleges don’t even teach students the basics of money management, this book contains eight important lessons focused on 99 principles that will quickly and memorable improve management skills. of any individual’s money. I like this book because it is easy to understand and the principles are ready to use.

30-40:

Personal Finance for Dummies by Eric Tyson

It’s still one of my favorite books to recommend, especially as people become more established in their careers, buy their first homes, and start families. I consider this to be a must-have resource for learning about investing, budgeting, debt, taxes – everything you need to know about personal finances and how to successfully manage your business. money. If you are embarrassed to read this poolside because of the title, then my advice is to tear off the cover and replace it with War and Peace. No one will ever know.

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

Want to know the habits that create wealth? So this book is for you. Based on the premise that rich people don’t get rich by doing this, Stanley and Danko established the Seven Simple Rules for Getting Rich.

Find out more: 12 months of financial advice

50 and over:

The Charles Schwab Guide to Finances After Fifty Years: Your Most Important Financial Questions Answered By Carrie Schwab Pomerantz

You would think that the daughter of

Charles Schwab
would know a thing or two about the money and investing thrown by the man known to break down Wall Street barriers and give individual investors affordable access to the markets.

It’s a must read for anyone approaching or in their fifties. She does a great job tackling the financial challenges many people face this time of life, from enrolling kids in college to realistic ways to save for retirement if you haven’t. still started. She covers these and other difficult topics with simple tips and helpful resources. You know a lot more about what you can and should do at this point in life, and why.

Learn More: The 5 Biggest Retirement Planning Mistakes

Recommended for all ages:

The Truth About Money by Rick Edelman

Edelman provides a comprehensive overview of all things personal finance. But it’s not just numbers and calculations. It’s a roadmap to help you understand your money and finances. The book begins with a quiz to show you what you already know and don’t know about personal finance. This makes it easy to skip over information you already know and focus your attention where you need help most.

The Richest Man in Babylon by George S. Clason

If you love to read stories, this book is for you. He teaches the wisdom of financial success through short parable-like stories set in ancient Babylon. The stories are so captivating that you will forget you are learning more about personal finance. No wonder it’s been an enduring favorite since the 1020s.

Boomerang: Journeys in the New Third World by Michael Lewis

It’s a fun and informative read by the author of Money Ball and The Big Short. Lewis takes the reader back to the days before the financial crisis with stories of Icelandic fishermen who became investment bankers, how the Greeks made tax evasion a national pastime, and why Germany believed that the rest of the world would behave like them.


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