Millennials are broke. They’re saddled with serious student loan debt. They can’t afford to buy homes…
We hear stories like this in the media all the time. And if you’re a young adult, they might sound scary. Fortunately, there are resources out there that can help you make better financial decisions, save money, get out of debt, and even build wealth despite all those discouraging stories you might read.
Here are 10 financial books young adults should read if they want to get ahead and get their personal finances in order:
- The Index Card: Why Personal Finance Doesn’t Have to be Complicated
By Helaine Olen and Harold Pollack
Based on the premise that “everything you need to know about managing your money could fit on an index card,” this book shows you just how simple managing your finances can actually be.
- Investing 101: From Stocks and Bonds to ETFs and IPOs, an Essential Primer on Building a Profitable Portfolio
By Michele Cagan
If you’re brand new to investing, this “crash course” can teach you the basics you need to know to build your portfolio and wealth.
- Living Well Spending Less: 12 Secrets of the Good Life
By Ruth Soukup
Sometimes financial success isn’t about making more money, but making your money go further. This book can show you how.
- Make Your Kid a Money Genius (Even if You’re Not): A Parent’s Guide for Kids 3 to 23
By Beth Kobliner
If you’re a parent worried about your child’s future because you haven’t been savvy with money, don’t worry. This book will help you raise a more financially literate kid, even if you’re not a financial whiz yourself.
- The Millionaire Next Door
By Thomas J. Stanley Ph.D.
This financial classic will show you that the millionaires around you probably aren’t who you think (and how better choices with your money can help you replicate their success).
- Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend
By Jonathan K. DeYoe
Think you can’t build wealth by still being a good and conscientious citizen of the world? This book, from a Buddhist and financial planner, shows you how both can co-exist comfortably.
- The Money Book for Freelancers, Part-Timers, and the Self-Employed: The Only Personal Finance System for People with Not-So-Regular Jobs
By Joseph D’Agnese and Denise Kiernan
With the rise of the “gig economy” comes unique financial hurdles. This book helps you navigate personal finances when your income isn’t always stable.
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not!
By Robert T. Kiyosaki
Here’s another financial classic all young people should read, where the author explores the difference between “working for money” and “having money work for you.”
- The Total Money Makeover: A Proven Plan for Financial Fitness
By Dave Ramsey
Are you struggling with student loans, credit cards, or other kinds of debt? If so, Ramsey’s personal finance primer will help you go from drowning in debt to building wealth.
- Unshakeable: Your Financial Freedom Playbook
By Tony Robbins
Robbins helps you put together an actionable personal finance plan to help you get ahead with your investments.
What financial books have changed your life? Recommend your favorite financial reads for young adults in the comments.