10 Best Personal Finance Books For Young Adults

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The best personal finance books for young adults are the ones that can teach the importance of money management. 

Let’s be honest, personal finance is an underrated topic that’s not talked about much these days.

It’s not taught enough in schools and probably not in households. At least, it hadn’t been for me.

And one way to teach them is through books! These authors are experienced and knowledgeable in the world of personal finance because they have been through the ups and downs of money.

They know what it takes to make money and what things to do to avoid losing money. And we’re fortunate enough to just learn from their experience 🙂

So if you’re ready to know these books, I got the list for you!

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Best Personal Finance Books For Young Adults

10 Best Personal Finance Books For Young Adults.

Personal finance books are a great way to teach the younger generation to know more about money and its usage. Most parents assume that it’s a topic that’s taught in schools. But some financial classes barely touch this subject.

If personal finance was talked about more often, then the data of Americans in debt should’ve been decreasing. Unfortunately, this isn’t the case. America’s consumer debt has been increasing yearly. From auto loans, student loans to credit card debt. 

What’s shocking is this data of Debt.org wherein they classified the debts of each age group.

As you can see, the young adults who fall under age 35 were already carrying an average debt of $67,400! Wherein they explained that millennials are in debt because of credit cards and student loans. And as they go past 35, the debt just doubles in amount.

With this data, it’s a very wise decision to let young adults be knowledgeable about personal finance. The books below are the best personal finance books for them so they may not fall into the common financial traps.

A number of the books below are the ones that have changed the way I use my money and I’m sure they’ll be of great help to you too! 🙂

1. Broke Millennial

Paperback: $13.50
Kindle: $4.99
Where To Buy: Amazon
Rating: 4.7 out of 5 stars

In this book by Erin Lowry, she talks about in detail how a millennial with no money and no financial knowledge can become a financial badass! 

The contents of this book aren’t like the old fashioned finance books that you read off the library.

It’s not boring and dragging.

Erin shows real-life examples so that young adults can relate to it. If the reader relates to what he or she is reading, that idea and information tend to remain in their head for a longer time. 

The book covers the common topics on personal finance that every young adult should be aware of. Like credit cards, budgeting, investments, and preparing for retirement. It’s a fun book to read especially if you’re one who appreciates realistic financial scenarios. Erin has written this book in a smart way but still easy to digest for readers!

Full review of Broke Millennial here.

2. The Automatic Millionaire

Paperback: $10.19
Kindle: $9.99
Where To Buy: Amazon
Rating: 4.7 out of 5 stars

This book is a great source of knowledge on how to achieve wealth. Although the title says it’s “automatic”, we all know it’s not easy to achieve millionaire status. 

In this book, David has written different ways on what you should do to become wealthy. And it’s not those common lines of joining the author’s seminar or buying a program. David has taught the readers several tips and strategies that they can do so they’ll be smarter with their bills and finances.

I’ve seen this book recommended by many financial blogs and I can say that it’s a book for anyone who’s looking to learn more about personal finance. David offers some concepts that are contradicting to other financial authors. But he always explains his ideas and recommendations to readers.

Overall, the financial lessons in this book are clear and sensible. It doesn’t have any groundbreaking ideas but it has good principles that the readers can bring after they’re done with the book!

3. The Simple Path To Wealth

Paperback: $14.69
Kindle: $9.99
Where To Buy: Amazon
Rating: 4.8 out of 5 stars

JL Collins, the author of this book, knows money is the single most powerful tool we have in this world. And to understand how money works is an important skill to have if we want to survive.

As the title implies, JL wants the readers to know how to achieve wealth as simple as possible.

And he did just that. He wrote the different financial pitfalls that we should avoid and how we can avoid it. He also wrote about how to compound wealth and lose less of it.

I mean that’s the formula for achieving more money, right? More money coming than money coming out.

In this book, JL was very technical on how to compound wealth. He mentioned that you should invest a specific percentage of your money in stocks or bonds. He also shares his calculation on how much of your income or net worth should be invested in those things – which opens up the topic of diversification to lessen the risk that comes with investing.

Other than investing, he also wrote on how the reader can save more of their money by tweaking some things in their lifestyle.

This is a great book and can be an eye-opener for young adults when they finish this. They’ll learn how to save, how to compound money, and how to make more of it!

4. Rich Dad Poor Dad

Hardcover $44.99
Paperback: $11.29
Kindle: $7.19
Where To Buy: Amazon
Rating: 4.7 out of 5 stars

One of the classic books on this list!

Robert Kiyosaki has written this masterpiece of a book to make the readers realize how the rich utilize their money to compound their wealth versus how the poor spend it and leaves zero dollars for themselves.

Robert has pushed the idea that if you want to be rich, you need to be buying things that put money in your pockets. And not the other way around. If you’ve read that owning a house is an expense and not an investment, then that idea probably came from this book. 

Rich Dad Poor Dad is excellent for people who want to know how the rich got their status and why the poor stay the same.

This book is one of the earliest resources that I’ve read that really changed the way I approach my finances. After reading the book, I was more mindful of my spending habits and what I was spending on. It’s also the book that got me into investing and achieving passive income!

The first edition of Rich Dad Poor Dad was published in 1997 and throughout the years it went through different minor revisions. Nevertheless, the contents of the book and the principles written there are still used by many personal finance lovers to this day!

5. The Millionaire Next Door

Hardcover: $18.49
Paperback: $10.29

Where To Buy: Amazon
Rating: 4.6 out of 5 stars

It’s so easy to get caught up on what the internet portrays as the rich lifestyle – driving supercars, living on mansions, vacations every other day, shopping spree every month. The book – The Millionaire Next Door shows none of that. Instead, it tells the readers that the richest of the rich don’t spend much of their time flaunting those things. 

In fact, the author writes that you don’t need to have such a high-profile life to achieve that status. Instead, you can be frugal and be wise with your money and still be a millionaire.

The book goes on to explain that millionaires have attained such wealth because of their hard work, frugal living and wisely knowing where to spend their money.

It’s a great book for young adults because it shows that being rich doesn’t happen by luck, it’s achieved by the decisions you choose to do every day. It gives them the idea that in order to achieve their financial goals, a lifetime of good financial habits is needed. And they need to form those habits as early as now!

6. I Will Teach You To Be Rich

Paperback: $8.79
Kindle: $8.04
Where To Buy: Amazon
Rating: 4.7 out of 5 stars

If you want a financial book that’s practical and written specifically for millennials, this book is for you! 

How many times have we felt guilty for spending on things for ourselves? I mean it’s our money but why do we feel such emotion? Well, Ramit Sethi has the answer to that. He has laid out a plan on how you can enjoy your money without feeling guilty doing so! 

He’s a firm believer in automating your finances so the process of saving and investing can be a lot easier. Because if you don’t automate these things, this is where psychological challenges can pop up. Your brain tells you to save that money now but instead, you promise that you’ll do it the next day.

And the thing is, “next day” doesn’t come.

You spend mindlessly on things you don’t really value and you’re left with no savings at all!

Ramit will teach you how to take care of your finances while spending on things that matter to you the most! He mentions that you should spend extravagantly on things you love!

To add to that, he also knows that living on a budget can be such a drag. So instead of a budget, he proposes to follow a Conscious Spending Plan! It’s a plan that you’re able to save for yourself and your future while not feeling guilty about spending on things you like!

This is a great book to read especially for young adults because, with the information laid out here, they can 100% relate to it!

Full review of I Will Teach You To Be Rich here.

7. Why Didn’t They Teach Me This In School?

Paperback: $12.89
Kindle: $9.99
Where To Buy: Amazon
Rating: 4.4 out of 5 stars

Cary Seigel originally wrote this book for his five children as they enter adulthood. So it’s for sure packed with financial lessons that will prepare young adults on what to do and what to financially look out for!

This book didn’t come short in providing money management tips to readers. In fact, the author has listed 99 personal money management principles and also discusses each one of them. The book has a mixture of lessons from different aspects of personal finance. It talks about life lessons, budgeting, saving, investing, housing, and debt.

What’s nice about this book is that the principles written here aren’t textbook, it came from the personal experience of the author. Which makes it more genuine and less classroom-like teaching!

Plus, the book isn’t hard to read and digest, it’s a quick and easy book to read! It’s perfect for anyone who doesn’t have much time to read a finance book but wants to learn more about it!

8. Loaded

Hardcover: $27.27
Kindle: $15.19
Where To Buy: Amazon
Rating: 4.4 out of 5 stars

Probably the odd one on this list.

It focuses more on the psychology aspect of money management.

If you’ve read the books above, you’ll notice one thing that’s common among them – they tell what to do with money. The authors above tell you what to buy, what to invest in, how to save, and what financial mistakes to avoid.

This book is different. Instead of telling you WHAT to do with money, Sarah urges the readers to think WHY we spend our money the way we do. It talks about different aspects that influence our money management skills.

The book is the perfect combination of psychology, principles, and money management strategies. In fact, most readers tell that the contents of this book aren’t found in your other famous literature. It offers a different way of dealing with your finances and how you can improve it!

9. The Total Money Makeover

Hardcover: $11.89
Kindle: $11.30
Where To Buy: Amazon
Rating: 4.7 out of 5 stars

I find this book helpful for readers who are in their mid 20’s and have a bit of debt on the side.

This book by Dave Ramsey will help any readers with their debts and financial planning. Dave teaches different principles and methodologies on how you can get out of debt and stay out of it!

It’s a great book to read especially if you’re planning for the long term. The book doesn’t just tackle clearing off debt but it also talks about saving, investing, and more importantly putting aside an emergency fund.

I’m sure you’ve heard of money management strategies that will make you rich overnight, the different financial fads that are roaming on the internet. If you’re tired of reading those things, this book can be a relief for you. What Dave teaches here are plans that only work if you have a long term timeframe.

10. Get Money

Paperback: $16.39
Kindle: $9.99
Where To Buy: Amazon
Rating: 4.5 out of 5 stars

This book is recommended by many especially to young adults who are just entering the real world and are acquiring small debt from time to time.

The context of the book goes from simple financial principles to advanced topics on personal finance.

Most readers regret picking up this book in their 30’s because the lessons here could’ve helped them when they were struggling financially in their 20’s. It’s a sought out book because of the direct and clear ideas that are shared to readers no matter how complex the idea is. 

Also, it doesn’t just feed you with information page after page. The author has made the reading experience interactive and fun by making some contents of the book like a workbook. The chapters of the book are divided in a way wherein the reader “level up” after finishing a chapter.

Get Money is a great book to have especially if you want to learn more about money management skills, new concepts, and ideas!

It’s All Laid Out For You

When you get to read some of the books above, you’ll realize that all of them are stating the same thing but have different explanations, experience, and context. Most of the personal finance books teach you to save, to invest, to stay clear of debt, and to have a budget.

It’s good to learn from different authors because we get to read different ideas and principles from people who made it. We get to read their personal experience, how they got over their financial challenges, and how they reached their financial status. Sometimes we already know what to do but we just need to hear it from other people!

After you’re done reading the books, don’t just let those pieces of information stay in your head – apply the lessons to your life! The authors above have laid out a plan on how you can reach your financial goal. All you need is to take note of it, tweak it to your liking, and be disciplined enough to follow it!

Additional Resources

If you want some additional resources on personal finance, this blog covers a ton of topics about it! The reason why I made this blog was to spread my knowledge of personal finance! 

I’ve read countless books, watched a ton of videos, and read several articles about this topic. And I didn’t want all those information stored in my head, I wanted to share it with other personal finance lovers so we can engage and learn from each other!

So which book have you read above? Do you have any books that you want to add to the list? Comment it down below! 😀

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