Itâs never too early to start managing your money correctly. Learning how money works as a teenager will set you off on a great path as you embark into adulthood. Regardless of what you choose to study or what career you select, money is guaranteed to play a huge role in all of our lives so you’re best gaining your financial education today.
This is a great book for Teens to read and plan for College without going into Student Loan Debt. In the U.S., we are looking at 1.5 trillion in Student Loan Debt which has many ramifications. This book helps with scholarships, plans for community college and cash flowing your education.
The Financial Black Belt’s Financial Self-Defense Training Guide is a proven and innovative strategic financial management program that incorporates the instructional practices, discipline, and belt structure of HapKiDo and the basic and advanced financial practices of personal finance. This innovative financial wellness program provides the knowledge necessary to be financially successful, provides the strategic path upon which knowledge can be applied, and provides the predictive actions required to achieve the strategic goals set forth in the program.
American graduates now hold $1.5 trillion of student loan debt, more than all other debt except home mortgages. The average 2019 student will be burdened with nearly $40,000 upon graduation. This book is an excellent source of information to help students and graduates eliminate their student loan debt. It is paired with an online calculator tool that helps students customize repayment solutions through a simple process I used to help my wife eliminate $150,000 in student loan debt in less than 5 years and gain our financial freedom. This book is a great option for teens interested in college, current college students, as well as graduates.
Well, I’m a little biased as I’m the author of The Quick-Start Guide to Financial Success, but helping people, especially teens understand how making great financial choices at a young age can and will affect them for the rest of their lives. Learning the importance of a budget and great financial choices are such important life skills that just are not taught in the classroom even though we use money every day.
As a pediatrician and financial wellness expert, she would love to recommend her book which is an easy to read guide that teaches the basics of finances. Her goal is to provide individuals, especially women and young adults, the tools necessary to increase their knowledge in making responsible decisions regarding their money and to feel less intimidated by financial concepts.
“I would like to focus on this book which is perfect for beginners and those wishing to dabble in the crypto world. It’s too bad I didn’t read this back in 2009 when bitcoins were on par with the US dollar, and their value has since then increased by leaps and bounds.
This book is great to get you started, and you will learn the fundamentals of bitcoin, ICO, blockchain technology, and all related parts. Once that is covered, it goes on to explain how bitcoin wallets work, bitcoin investment strategies and the overall outlook of cryptocurrency in the future.
The best part about the book is the simplicity of the language and the way the author explains a complex topic in layman’s terms. It’s an easy read and a great place to start if you fancy investing and joining the crypto revolution before it’s too late.”
#7 Financial Freedom: Breaking the Chains to Independence and Creating Massive Wealth by Chase Lawson
Financial Freedom provides useful tips for the average American to utilize to take control of their financial lives. It’s written by a 26-year-old who’s personally overcome over $23,000 in credit card debt and now owns a home in Austin, Texas. He breaks down numerous topics that the average American can benefit from and apply right away to their own lives. It’s a great, easy, fun way to learn financial concepts at a younger age to start building wealth for your future.
This is a story of three young people learning to manage and make the most of their money from a wise barber… every teenager can relate to and learn from this story.
I recommend this book to all teenagers because it guides them through the process of deepening their understanding of money and helps them to develop a healthy foundation for making the most of their own money over the course of their lifetime. This book is a must read for all young people, reading this book will pay dividends for life!
Dave Ramsey has authored seven best-selling books on personal financial management, and he’s a highly regarded commentator on a wide variety of money matters. In this comprehensive, easily digested book (272 pages long), parents will learn how to help their kids master the basic financial skills required for personal economic success in the 21st Century. Dave and his daughter Rachel cover topics such as the importance of work, how to save and budget, living debt-free, and paying for a good education without relying on loans. In summary (with some help from mom and dad), this book can be an excellent foundation for kids just learning about the economic world in which we live.
The Richest Man in Babylon is a series of parables set in one of the most significant civilizations in history – Babylon. This book uses parables to teach readers critical financial principles; principles that could take the average-person years to learn. The parables in this book are short and straightforward and are perfect for those who struggle with money management.
It’s a well-written example of an information-heavy personal finance book which offers solid advice for young people to help them form healthy financial habits. The book presents everything that young people need to know about money. It’s well-organized and easy to read and has excellent charts. At the beginning of her book, Kobliner offers 8 “need-to-know” personal finance rules that include tips on paying off debt, saving money, buying insurance, and investing in the stock market. The author leads the readers through the good and bad of finances and gives practical advice on how to set up your money for now and for the future. She also gives many resources, both websites, and books, for further research.
“This book is a basic guide on personal finance for people who are just starting out. Though the book is written mostly for young adults out of college, it’s still beneficial for teens. In fact, reading this book before going to college can help teens make better financial decisions, like choosing a less expensive school or applying for more scholarships and grants.
Lowry explains financial concepts in an easy-to-understand way that isn’t condescending. Teens will learn everything from how to open a bank account to how to start investing in the stock market.”
Rich dad, poor dad is a parable about a young person who has two different mentors – his maternal father who is a teacher who has a scarcity mindset about money, and a friends dad who is an entrepreneur with a different idea about how wealth can be obtained, and how value creation works. Overall the book has some eye-opening anecdotes about different ways to think about money, and helps the reader understand how to think about it – if they want to accrue wealth.
I Will Teach You To Be Rich, by Rami Sethi is such a simple, straight-forward book for teens to learn personal finance. Ramit will teach you about the power of slowly building wealth through retirement accounts, without sacrificing Starbucks or Netflix. I would probably never have opened my own retirement accounts if not for his book, so I think this is an absolute must for any young person.
Another great resource for teens is The Automated Millionaire, by David Bach. The author will teach you to automate all of your finances, including bill payments and retirement contributions. This method makes it so easy to save and accumulate wealth because you can’t mess it up. If the money was never in your hands, you can’t blow it. If you want to start your financial life on steady footing, don’t miss this one.
This is a great basic personal finance book for teens, most of whom are or will be handling money mostly for the first time. It covers the basics: spending, earning, saving, and giving. And while it is filled with solid and relevant information and worth the read, it definitely has a religious slant to it.
Kiyosaki already wrote an immensely popular book of a similar title for parents – this is the teen version. And it goes beyond basic concepts of money management and talks about things like how to get your money to go to work for you instead of the commonly-held notion that you simply work for it, and it also has a good bit of content devoted to wealth management, which is refreshing since a lot of books for teens focus just on saving and spending less. Those are important, but educating teens on income generation can develop an entrepreneurial spirit as well. It also includes mini-tests so the reader knows they’re understanding what’s being said.
This book takes a more overall approach to the concept of personal finance, as in addition to the traditional information, it also broaches the history of money, how it is created and spent, and more. It also attempts to dispel the media-driven myth that you can’t be happy unless you’re spending. It also comes with tests for comprehension, and fun trivia facts as well. It is also written in a voice that teens will understand rather easily – a very conversational tone.