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Investment/savings book for a 19 year old
Old 10-20-2020, 04:27 PM   #1
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Investment/savings book for a 19 year old

Hi guys-
not sure if this is the right forum, but I have a 19 year old niece that wants to learn how to save invest/value of money, etc


any really elementary ones you would suggest?


thank you!
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Old 10-20-2020, 04:32 PM   #2
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Nothing wrong with the stock forum but this thread will get more views and responses in FIRE and Money so itís been moved.
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Old 10-20-2020, 04:35 PM   #3
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http://doc.xueqiu.com/14cf53ebdeb1cd3fd7a1bfa2.pdf


IMO, good as any and price is right.
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Old 10-20-2020, 04:35 PM   #4
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The Millionaire Next Door

I Will Teach You To Be Rich
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Old 10-20-2020, 06:31 PM   #5
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Your Money or Your Life.

It really makes a person look at their relationship with time and money. It covers the very basic principles that one should understand.
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Old 10-20-2020, 06:52 PM   #6
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I always liked If You Can by William Bernstein.
It's less than 20 pages and it's also my favorite price. More of a guideline on how to educate oneself and develop a bedrock from which to make wise financial decisions than anything else.

Here's a free copy.IfYouCan.pdf
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Old 10-21-2020, 07:13 AM   #7
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The Millionaire Next Door

I Will Teach You To Be Rich
Loved both of those books. I Will Teach You To Be Rich is a very detailed step by step book.
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Old 10-21-2020, 07:30 AM   #8
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Have you determined that a book is the best format for the 19 yr old to learn from? I think some other format (e.g. online) would be more effective for many 19 yr olds.
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Old 10-26-2020, 10:29 PM   #9
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The classics: "The Wealthy Barber", "Your Money or Your Life", "The Millionaire Next Door".

I also liked Larry Swedroe's books on investing.
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Old 10-27-2020, 04:39 AM   #10
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Your Money and Your Brain by Jason Zweig.
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Old 10-27-2020, 05:07 AM   #11
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Checking any of these books from the library instead of buying them is a good start to showing they way.


Cheers!
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Old 10-27-2020, 06:48 AM   #12
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Quote:
Originally Posted by imp4 View Post
I always liked If You Can by William Bernstein.
It's less than 20 pages and it's also my favorite price. More of a guideline on how to educate oneself and develop a bedrock from which to make wise financial decisions than anything else.

Here's a free copy.Attachment 36517
This is one of the best simple investing books with about 16 pages and
references to additional books.

VW
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Old 10-27-2020, 08:50 AM   #13
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Checking any of these books from the library instead of buying them is a good start to showing they way.


Cheers!
Many of them are very cheap used also.
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Old 10-27-2020, 11:53 AM   #14
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Before teaching about importance of savings, parents should make sure that their kid(s) know what it takes to earn the money.
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Old 10-27-2020, 02:32 PM   #15
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Many of them are very cheap used also.
Thriftbooks for good used books has been a good find for me.
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Old 10-29-2020, 04:58 AM   #16
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While I agree with most of the book choices presented by our contributors, I think our own AtlasShrugged has presented a paper well worth any 19 year old's reading. While it doesn't have the detail nor the theory of the books, it really sets the right tone for a young person starting out. With any luck, it may create enough interest in a 19 year old to then read some of our book choices. As always, YMMV.

https://www.early-retirement.org/for...er-106180.html
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