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Here are my top 3 favorite personal finance books for millennials. If you’re looking to generate a foundation in personal finance, or simply increase your knowledge base, then these books are for you. Wisdom and knowledge doesn’t just appear in our brains one day, nor are they generated by watching viral memes or browsing through Instagram.
Reading is the foundation of education and if you want to increase your personal finance knowledge, then you need to read. It can’t be any simpler!
P.S. I did actually read all of these books.
1. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley & William Danko
TheMillionaire Next Door is a bestselling and timeless personal finance book. If you are just starting your personal finance journey this book is a MUST READ. Anyone in their 20s or 30s looking to get a better grasp on personal finance, then this book is for you. In the age of get-rich-quick meme stocks and cryptocurrencies, it’s easy to feel like you’re getting left behind and fast.
After I read this book, it honestly made me feel like I am on the right path. I am building wealth, but, it’s slow and that’s the way it usually is. We should learn to enjoy the process.
The Millionaire Bext Door lays out in simple terms the 7 common traits of those who have accumulated wealth. and surprisingly, it’s not the person driving the Mercedes down your block.
It’s a quick and easy read for those who are concerned about personal finance books being boring.
2. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
This is a classic beginner’s personal finance book that has stood the test of time. Originally published in 1997, Rich Dad Poor Daddescribes the story of 2 fathers, one who was highly educated; a Ph.D. who received full scholarships to some of the best universities in the United States, while the other dad never completed 8th grade.
Both earned good incomes and were successful, but one of the dads was always struggling financially. The book goes on to describe how both of the dads shaped his view about money.
This is one of those classic personal finance books that you can always read and reread. You’ll likely hear it referenced in passing at some point when reading a personal finance blog and is part of the foundation for personal finance books.
3. Think Again: The Power of Knowing What You Don’t Know by Adam Grant
I first stumbled upon Adam Grant when I had some difficulty at work and was browsing through a Harvard Business Review article. Think Again is an amazing book that analyzes rethinking. In other words, how questioning your opinions can lead you to a more Woke life and help you excel personally and professionally.
Now, this book isn’t specifically about personal finance, but the over-arching theme about rethinking your opinions can help you in your personal finance journey. It did for me.
This book was also part of the reason I decided to start this blog!
Adam Grant is a Wharton professor and organizational psychologist. He’s also one of the most popular TED Talk speakers. This guy knows what he’s talking about.
Founder and author of realworldpersonalfinance.com [RWPF]. A blog dedicated to personal finance for millennials that want its readers to know they can be perfectly imperfect. Over the past 10 years, his net worth went from -$108,000 to $365,000, mainly through debt reduction, living below his means, and navigating the corporate world. There have been mistakes along the way, and he is still learning too. He's here to offer honest opinions and real insight that's based on his own personal experiences.