Looking to dive deeper into financial matters such as the creation a budget, pay off debt and saving for retirement
These five books offer advice that is relevant to financial concerns and needs of generation Y:
"Get a Financial Life: Personal Finance in your Twenties and Thirties" by Beth Kobliner
in this best-selling New York Times, Beth Kobliner , financial journalist and member of the Advisory Council of the President on the financial capacity to section
"financial cramming" to the Young Americans, offers twenty thirtysomethings a crash course on personal finance, treatment of debt, choice of insurance policies, retirement savings, renting or buying a house, and more. end of each chapter summarizes takeaways and framed and key tables dotting help explain concepts in a simple way.
This is one of the first books of personal finance that I read after college and updated edition reflects the evolution of retirement savings, taxes and more
key takeaways :.
- Have an emergency fund is important. Kobliner suggests keeping the value of the subsistence minimum of three months to a bank savings account or money market fund. Tweet this
- Once you have created a three-month savings cushion, invest in equity and bond funds. Tweet this
More on "Get a Financial Life:. Personal Finance in Your Twenties and Thirties"
"No More Mac 'n' Cheese! The Real-World your money management guide for 20-Somethings" by Lise Andreana
certified financial planner Lise Andreana uses several composite characters in twenty to illustrate concepts such as setting financial goals, buying a home and computation of net worth.
given the level of detail about the financial situation of these characters makes them seem relatable and real numbers illustrates how these financial concepts work.
Only 154 pages, this is the thinnest books on this list, so it might be a good introduction for someone who intimidated more volumes.
The book also comes with an accompanying CD-ROM with additional tools and resources.
key takeaways:
- Compare full pay rather than just salary when considering multiple job offers. Tweet this
After all, a lower-paying job with benefits may ultimately bring more value than one without. - Understanding your style money (geek investor, investor or emotional prudent investor) so that you can avoid the associated pitfalls. Tweet this
More about "No More Mac 'n' Cheese! The Real-World your money management guide for 20-Somethings"
"Generation Earn :. guide young professional and expenditure, investment and give back" by Kimberly Palmer
Personal Finance columnist Kimberly Palmer speaks to experts and young professionals in their twenties, thirties and forties on new post-recession financial realities on the choice of simplicity on materialism, face student loan debt, living in intergenerational households, and more.
There is more about storytelling than precise figures, but Palmer uses an optimistic tone friendly throughout.
most personal finance books for young people focus on the importance of pay off debt and saving for the future. Palmer adds the element to give back, so that this book would be of particular interest to those who are charitably mind
Key Takeaway :.
- Align your investment strategies with your values through socially conscious investment. Tweet this
- Stay in the stock market, even when things get rocky
More on "Generation Earn :. young professional guide and spending, investment and Giving Back. "
" I'll teach you to be rich "by Ramit Sethi
Author of the popular blog of the same name, Ramit Sethi cut through the clutter of personal finance advice and breaks down simple steps youth can take to automate savings and reduce unnecessary spending over six weeks
Sethi holds a degree in psychology from Stanford both book covers the psychology of money. why consumers make bad decisions, wasting time debating minutiae of money and give excuses for not saving.
Some readers will find the irreverent approach , no-nonsense refreshing Sethi, while others can be disabled.
key takeaways:
- Contact the issuer of your credit card to negotiate a lower interest rate and request a fee waiver
- Investing without the help of a financial advisor (Sethi feels most people do not need one). Tweet this
More on "I'll teach you to be rich."
"The Book Money for the Young, Fabulous & Broke" by Suze Orman
financial expert Suze Orman attitude applies his signature no-nonsense twenty and thirty struggling with debt , unemployment and other financial difficulties.
Much of the book uses a problem-solution format, it is easy to browse and read the sections that are most applicable to you.
chapter on student loans is particularly detailed, but it may not contain the most current information about new repayment options.
key takeaways:
- Understanding the differences between secured (such as a car loan) and unsecured debt (such as a credit card where no warranty)
- Unlike other money books that emphasize the importance of a budget, Orman takes a contrarian approach by comparing strict budgets to a "crash diet" and inviting readers to "find" money for their savings goals rather than enslaving a spreadsheet.
Learn more about "the Book for the Young money, Fabulous & Broke. "
Your turn!
What books you most about personal finance taught?
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