There’s more money in the world today than ever. More young people are finding it easier to make money, particularly through online business. Despite the increment in earnings, we are still finding ourselves in debt or perennially broke. Lucky for us, there is still time to hop onto the success bandwagon. The trick lies in saving some money and then investing the money. Make your money work for you. Anyone can be an entrepreneur. We cover more about that on a post detailing books that can help you become a great entrepreneur. There are more than a million ways to do that.
In this article, I will show you some of the best books you can read to learn more about the topic of saving and investment.
10. I Will Teach You to Be Rich by Ramit Sethi
Ramit Sethi simplifies complex financial topics in such a manner that a third grader would understand. That is what we need – someone to teach us the tricks and give us tips to succeed without boring us with complex systems and financial jargon. He makes it very easy to follow his instructions to a T and guarantees that success will come when one applies his tips well. Some of the things you will learn in this book include suggestions on how to save for the future, debt management, and automation of finances such that you will have money for payment of debts and expenses without a worry. He also offers some more tips on how to make extra money.
9. The Money Book for the Young, Fabulous and Broke by Suze Orman
You probably have heard or seen Suze Orman somewhere speaking about money management.
In this book, she targets people who are less than 25 years old and teaches these young people how to create a structure for financial success in the future. She teaches them how to redefine their goals, how to save some money, and how to invest the same for their future financial well-being.
The tips offered in this book are thought-provoking. Clear college loans and place yourself on the path to financial success with this book.
8. The Total Money Makeover by Dave Ramsey
Are you deep in financial crisis? Are you struggling to stay afloat financially? Debts overwhelming? No worries. Dave is here with a book designed specifically to assist you through this phase and start enjoying your life and money.
This is a book for younger people because it offers them solid tips on how to start managing the money they receive.
To make work easier for you, Ramsey provides resources such as worksheets and budget forms. Consider this book as a unit in your college course. And if you take it seriously, you are definitely going to place yourself on the path of financial success.
7. Broke Millennial by Erin Lowry
If you are just starting to manage your money, make this book your friend and you will surely place yourself on the financial success path.
Erin speaks about how to be truly financially secure at this age and time.
She offers tips on how to go from being a completely broke person to a financially stable one.
What makes this book awesome is that it digs deeper to analyze other money matters such as ways to avoid tricky situations, getting rid of the credit card debt among others.
6. The Richest Man in Babylon by George Clason
This book never gets old.
The lessons taught in the book remain fresh and alive all the time – something they will do for the longest possible time.
This book uses parables to tackle different financial lessons. It’s simple, readable, and relatable.
The book has lessons that are priceless.
5. Get a Financial Life by Beth Kobliner
This book speaks to young people, preferably in their 20s and 30s.
This is a crucial and critical age because it is the age where financial decisions made can either be beneficial or detrimental.
College loans are a big burden on the shoulders of many people during this period.
Kobliner shows us how to go about paying those bills in a most effective manner. There are also other financial tips such as how to avoid impulse purchases and how to save and increase their income.
4. The Money Class by Suze Orman
Suze Orman is back again with an even better piece of advice. The money class is a book written for all ages. It does not matter where one stands in their financial position.
In this book, Suze talks about a variety of topics, related to family, career, and retirement, among others.
She teaches people how to avoid mistakes when it comes to mixing their goals and spending. It all boils down to how well people manage their finances and Suze sure does know how to teach people that.
3. Why Smart People Make Big Money Mistakes and How to Correct Them by Gary Belsky and Thomas Gilovich
You have probably made some money mistakes in the past, or you know people who have made some serious money mistakes.
It sucks having some money and then losing it all for some reason.
To prevent that from happening, and to learn about how to bounce back when that happens, Gary and Thomas offer some cool tips in this book.
2. The Millionaire Next Door by Thomas Stanley and William Danko
Read about how others have made it in this book and get inspired.
You might be surprised to learn that your neighbor is a millionaire!
The book offers a lot of insight into the lives of real people, by profiling them and showing what they did to get to where they are now.
It’s a great read!
1. The Little Book of Common Sense Investing by John Bogle
Why learn how to save some money and get out of debt?
To invest and live the life you have been craving.
This is the book to read on that. It focuses on demystifying investment in the stock market by showing how people can invest intelligently and make some good returns.
It’s time to make you money work for you.