For those of you millennials who want to learn about how to manage finances, it feels obligatory to read a financial planning book.
The knowledge and tips in these books can help you find out how to plan a budget, tips for successful savings, and how to invest in easy-to-understand language.
So, what are the titles of the best financial planning books that you need to read? Come on, take a look at the five recommendations that Glints has chosen especially for you.
Also Read: How to Manage Finances at the End of the Year
1. Why Didn’t They Teach Me This in School? (2017) : Carry Siegel
According to The Balance, “Why Didn’t They Teach Me This in School” is a financial planning book that millennials need to have.
In his book, Cary Siegel states that according to him, educational institutions need to apply financial lessons to students.
He also explained about the 99 principles that young people need to have in order to feel financial independence.
Perhaps, the 99 principles seem difficult to learn. However, Siegel managed to summarize it into 8 parts, so that readers can absorb the knowledge easily.
The contents of this book more or less discuss the best ways so that young people can manage their money without any hassle.
2. Rich Dad Poor Dad (1997): Robert T Kiyosaki & Sharon Lechter
The next recommendation financial planning book is “Rich Dad Poor Dad”, by Robert T Kiyosaki and Sharon Lechter.
In this 1997 book, Kiyosaki leads the reader into the experiences of his youth.
He describes the contrast between his not-so-rich father and his friend’s father who is one of the wealthiest residents in Hawaii.
The comparison highlights the best ways to manage money, and helps your kids to do it too.
According to Kiyosaki, not all debt is bad, and you can strive towards wealth even if you don’t enjoy a large income.
Also Read: 6 Books About Financial Freedom That Young People Must Read
3. The Financial Peace Planner (1998): Dave Ramsey
The next financial planning book you need to read is “The Financial Peace Planner” by Dave Ramsey.
In his book, Ramsey tells clearly about how to get out of debt. All of the tips in the book are based on Ramsey’s own experiences when he was in debt.
So, according to Wall Street Mojo, this book is a must-have for those of you who may be sinking bills.
4. I am Net Worthy (2018) : Chris Smith
This financial planning book provides a practical approach with easy steps to follow, so that young people can manage their personal finances.
Chris Smith describes the best ways to handle bills from student loans to savings accounts to car loans.
Together with 9 different co-authors, Smith has written the book by gathering different perspectives from several people with the same goal, namely to spread knowledge about financial literacy.
5. Broke Millennial: Stop Scraping By and Get Your Financial Life Together (2007) : Erin Lowry
If you feel confused about budgeting procedures, then, according to NY Mags, “Broke Millennial” is the right financial planning book for you.
With chapter titles such as “Paying rent with your ‘rents'” which discusses the high cost of renting an apartment, and “Retirements, can it ever happen to me?”, many finance experts invite young people to read this book.
According to them, Lowry managed to explain important facts related to financial planning in a new way that seemed cool and refreshing.
Those are the five financial planning books that our recommends for you. In fact, reading books is a good way to learn new things.
Especially with the increasing number of experts who actively share knowledge in the books he writes. Without realizing it, you will absorb knowledge directly from the thoughts and experiences of professionals.