Investment/savings book for a 19 year old

[FREE866]

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!

 

[MichaelB]

Nothing wrong with the stock forum but this thread will get more views and responses in FIRE and Money so it’s been moved.

 

[golfnut]

http://doc.xueqiu.com/14cf53ebdeb1cd3fd7a1bfa2.pdf


IMO, good as any and price is right.

 

[njhowie]

The Millionaire Next Door

I Will Teach You To Be Rich

 

[pjm-7]

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.

 

[imp4]

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.View attachment IfYouCan.pdf

 

[FANOFJESUS]

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.

 

[jazz4cash]

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.

 

[smihaila]

The classics: "The Wealthy Barber", "Your Money or Your Life", "The Millionaire Next Door".

I also liked Larry Swedroe's books on investing.

 

[DrRoy]

Your Money and Your Brain by Jason Zweig.

 

[Badger]

Checking any of these books from the library instead of buying them is a good start to showing they way.


Cheers!

 

[VanWinkle]

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.View attachment 36517

This is one of the best simple investing books with about 16 pages and
references to additional books.

VW

 

[FANOFJESUS]

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.

 

[VFK57]

Before teaching about importance of savings, parents should make sure that their kid(s) know what it takes to earn the money.

 

[VanWinkle]

Many of them are very cheap used also.

Thriftbooks for good used books has been a good find for me.

 

[Koolau]

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/forums/f28/short-money-rules-paper-106180.html

 

[EastWest Gal]

The link no longer works.

 

[Aerides]

The link no longer works.

In a later thread, the OP of the paper indicated he'd deleted it.