10 Amazing Personal Finance Books That Millennials Should Absolutely Read

Did you know that one thing all successful people have in common is their love for reading? Well, guess what? We millennials are actually big fans of books too! In fact, we’re helping the physical book market thrive and grow.

Now, I’ve got a special message just for you: if you haven’t already started reading personal finance books, my friend, it’s about time you dive into this exciting world! Trust me, it’s an investment that will pay off big time. Instead of spending your hard-earned money on yet another piece of clothing that loses value as soon as you buy it, why not invest in a book that will give you a lifetime’s worth of expert wisdom? Plus, you can take it with you wherever you go!

So, without further ado, here are 10 incredible personal finance books that I highly recommend for our millennial generation:

1. The Millionaire Next Door

Author: Thomas J. Stanley

Hey there! I want to share some fascinating insights with you about millionaires. Have you ever wondered what sets them apart from the rest of us? It’s not just luck or inheritance; there’s much more to it than that. I’ve done extensive research and found some common traits that millionaires tend to possess.

First and foremost, millionaires are incredibly hardworking. They don’t sit around waiting for success to come to them; they go out and make it happen. They have a strong work ethic and are not afraid to put in the time and effort required to achieve their goals.

But it’s not just about hard work. Millionaires also have a knack for making good financial decisions. They are savvy when it comes to managing their money and are mindful of their spending habits. They understand the importance of saving and investing wisely.

In addition to their financial acumen, millionaires have a unique mindset. They believe in themselves and their abilities. They have a strong sense of self-confidence that helps them navigate through challenges and setbacks. They understand that failure is just a stepping stone to success.

Furthermore, millionaires surround themselves with like-minded individuals who support their goals and ambitions. They build a network of people who uplift and inspire them. They understand the power of collaboration and recognize that success is rarely achieved alone.

Lastly, millionaires have a clear vision of what they want to achieve. They set goals and work diligently towards them. They are not easily swayed by distractions and stay focused on their vision. They have a strong sense of purpose that drives them forward.

So, what can we learn from millionaires? Well, it’s not just about the money. It’s about adopting the right mindset, being diligent in our pursuits, and surrounding ourselves with supportive and inspiring individuals. By doing so, we can create a path to success and achieve our own financial goals.

Why should you read this book?

Hey there! Imagine a millionaire. What comes to mind? Most of us, influenced by flashy reality TV shows, conjure up images of bling-clad individuals donning designer clothes and accessories. Maybe there’s even a massive mansion in the background, with a collection of fancy cars.

Prepare to have that image shattered, my friend, because The Millionaire Next Door is about to drop some truth bombs. Thomas J. Stanley does a remarkable job of explaining why looking rich doesn’t necessarily mean being rich. And boy, does he deliver this message like no other.

Who should read this book? Anyone who’s ready for a mind-blowing revelation that shatters everything they thought they knew about the millionaire lifestyle.

2. You’re So Money

Author: Fanoosh Torabi

Why should you give this book a chance?

This book is like a Gilmore Girls episode about money. It’s full of references from pop culture and the cool crowd. Farnoosh Torabi, who is both a media personality and journalist, assures us that we can still treat ourselves to the things we want, as long as we cut back on other expenses.

Perfect for: Millennials who care about their image and are just starting to learn about personal finance.

3. Rich Dad, Poor Dad

Written by: Robert Kiyosaki

Why You Should Read This Book

This book is a must-read because it teaches an important lesson about assets and liabilities – the things that generate cash flow versus the things that don’t. It’s relatable, easy to understand, and most importantly, it’s inspiring. In the book, Robert Kiyosaki introduces two contrasting examples – ‘Rich Dad’ and ‘Poor Dad’ – to help us understand the key differences between them.

Who Would Benefit: Anyone who wants to reassess their approach to money and see it as the powerful tool that it is.

4. I Will Teach You To Be Rich

Author: Ramit Sethi

Why should you pick up this book?

If you enjoy an energetic and lively writing style, this beginner’s guide to personal finance is right up your alley. Ramit Sethi’s distinctive voice exudes a unique blend of tough love and playful banter, making it a delight to read, especially for a personal finance book.

Perfect for: Millennials who are navigating their finances for the first time

5. The Behavior Gap

Written by Carl Richards

Why You Should Give This Book a Read

Hold on to your napkins, folks! We’ve got a crash course in investing coming your way. This fancy-sounding subject? Totally overrated, if you ask me. Here’s the inside scoop: Don’t waste your time with fancy predictions and expert advice. They don’t know any better than you do! That’s right, my friend Carl Richards is here to spill the beans on the crazy mistakes people make with their investments. You won’t believe how many folks fall for the herd mentality! And here’s the kicker: his advice applies to all kinds of investments, no matter what you’re into.

Perfect for: Investors of all stripes, whether you’re just starting out or a seasoned pro

6. A Million Bucks by 30

Author: Alan Corey

Why You Should Check Out This Book

This book is all about finding creative, sometimes daring strategies to save money and build wealth. Alan Corey, the author, shares his journey to becoming a millionaire through buying and selling properties. Unlike most personal finance books that give you a step-by-step guide, Corey’s memoir focuses on his personal experiences and what he did to achieve his goals.

Now, not all the advice in this book will apply to everyone. We all have different situations and goals. However, you’re sure to be inspired by Corey’s clever and resourceful methods. He really knows how to think outside the box!

Who This Book Is Best For: If you’re a millennial who loves finding ways to be thrifty and you’re also interested in the world of real estate, you’ll definitely enjoy reading this book. It’s packed with valuable lessons and entertaining stories that will keep you hooked from start to finish.

7. Warren Buffet Invests Like a Girl

Author: LouAnn Lofton

Why You Should Give This Book a Chance

Okay, I know the title can be a little clickbait-y, but don’t let that fool you! This book by LauAnn Lofton packs a powerful message: playing it safe with your investments (yes, even if you’re a woman) can actually be better than taking risky chances.

Who It’s For: If you’re a millennial looking to plan for the long haul, this book is right up your alley.

8. Nickel and Dimed

Author: Barbara Ehrenreich

Why You Should Read This Book

You absolutely need to read this book if you want to truly grasp the immense costs of poverty. In my opinion, there is no better way to gain that understanding than by delving into the pages of this powerful work. Barbara Ehrenreich, the brilliant author, took on the challenging task of living incognito as a minimum-wage worker. She draws on her own experiences, as well as the stories of her fellow workers, to illuminate the harsh realities they face. Unlike many other books on this topic, which often assume a level of disposable income, this one focuses specifically on the struggles of meeting basic, raw necessities like rent and food.

Who Is It For: If you’re a millennial seeking insight into the impact of poverty, this book is a must-read.

9. Emotional Currency

Author: Kate Levinson, PhD

Why should you read this book?

So, why should you bother reading this book? Well, let me tell you something. Even though it’s written as a guide for women, this book is actually beneficial for everyone, regardless of gender. You see, people are driven by emotions. We may think we make rational decisions about money, but deep down, our emotions play a big role. That’s what author Kate Levinson, PhD, says. And if we can understand why we spend money the way we do, we’ll uncover some emotional baggage that we can address. By addressing this baggage, we can finally make some progress in our financial lives. Sounds interesting, right?

Best for: This book is perfect for millennials who have trouble finding money-saving tips that actually work. If you’ve been searching high and low for some practical advice, then this is the book for you!

10. The Rules of Wealth

Author: Richard Templar

Why should you give this book a chance?

This book by Richard Templar is a unique experience. It’s divided into over 100 mini-chapters, with each one being just two pages long on average. Reading it feels like browsing through a collection of intriguing blog posts rather than a traditional book. But what truly sets it apart is its moral compass, with certain mini-chapters focusing on the value of humility and the importance of charity. This is the kind of book that you can randomly open to any page and still come away with something valuable.

Who would benefit the most from it: Millennials who appreciate direct, succinct, and practical advice.

In conclusion