Tuesday, August 30, 2016

Top 3 Finance Books for Millennials

Top 3 Finance Books for Millennials

If you are looking to learn more about financial topics such a creating a budget, paying off debt and saving for retirement, there are some important books to add to your reading list. These three books offer advice all millennials should take into consideration when mapping out their financials.

Suze Orman

The guru of finance, Suze Orman has written a book just for Generation Y: “The Money Book for the Young, Fabulous & Broke”. Orman uses her no-nonsense approach to give twenty- and thirty- somethings advice on how to get out from under debt, deal with unemployment and how to save for the future, among other things. The book uses a problem/solution format so it’s an easy to understand and easy to read. You’ll learn the differences between secured and unsecured debt, learn more about paying off student loans and more.

Beth Kobliner

Beth Kobliner’s book, “Get a Financial Life: Personal Finance in Your Twenties and Thirties” is a New York Times bestseller. Kobliner is a financial journalist and member of the President’s Advisory Council on Financial Capability for Young Americans. She provides young people with a crash course in personal finance; she teaches you how to deal with debt, how to choose the right insurance policy (and tells you if you really need them), how to figure out if renting or purchasing a home makes the best sense for you, and more. This is an updated edition, so facts are relevant to you now.

Lise Andreana

Lise Andreana has written a fun book which you’ll want to read, and keep (or maybe loan to your friends): “No More Mac ‘n’ Cheese! The Real-World Guide to Managing Your Money for 20-Somethings”.

Based upon the idea that it’s time for you to stop living on mac ‘n’ cheese (and Ramen), Andreana illustrates the best ways to set financial goals, how to go about buying a house, and how to figure out your net worth. The book is just 154 pages, so it’s a quick read and is perfect for those who get a bit intimidated by heavy tomes.

It also comes with a companion CD-ROM that contains handy supplemental tools and resources.

Great Reads

All three of these books are ‘must reads’ for millennials. They will help make financial planning easier, and help get you out of debt. Rather than just setting up a budget, these books show you how to set goals, and reach them.

David Milberg is an financial analyst in NYC.

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