5 Money Books Every Teen Should Read
5 Money Books Every Teen Should Read
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“Prevention is better than cure.” – British Proverb
If you are a parent who has made financial mistakes (and who hasn’t) you likely want to ensure that your children do not repeat the same mistakes you made.
Our teens may not have money on the brain — unless it’s to spend it — but it is our job as their parents to make sure the first time they start seriously thinking about money is not after they messed up with it.
Fortunately, there is an abundance of resources to help spark and continue financial conversations with our children and teens. These money books are must-reads for every teen.
1. Rich Dad Poor Dad by Robert T. Kiyosaki
This classic will expose your teen to the necessity of being financially literate and entrepreneurship-minded — regardless of their intended career path. Rich Dad Poor Dad details the two very different financial paths the author was encouraged to take by his formally-educated but poor dad and his street-educated but wealthy mentor. The beginning of this book will also hold the attention of your younger ones!
2. The Richest Man in Babylon by George S. Clason
Through the use of parables, this classic dispenses invaluable financial wisdom that your teen will carry into adulthood. The Richest Man in Babylon will expose your teen to the simple, but tried-and-true principles necessary for a secure financial future.
3. Smart Money Smart Kids by Dave Ramsey and Rachel Cruze
This book covers raising financially prepared children from the toddler years to the teen years. While Smart Money Smart Kids is written for parents, the chapters dealing specifically with the teen years will teach your child how to budget and handle emergencies — teen emergencies! This book will set a firm financial foundation for your teen.
4. Debt-Free U by Zac Bissonnette
A must read for any college-bound teen. Debt-Free U challenges the norms we have come to accept regarding financing a college education and details what your teen can do if college funding isn’t in the bag. Even if it is, reading this book will help your child appreciate it. Bissonnette also gives some helpful advice on what your teen can do once they graduate college to start off their adult life on solid financial footing.
5. The Millionaire Next Door by Thomas J. Stanley and William D. Danko
Does your teen think all millionaires drive luxury cars and go on weekend shopping sprees? Maybe you do too! The Millionaire Next Door sheds light on those myths and shows us the seven traits most millionaires have in common. Let your teen learn how the truly wealthy really live.
Your teen may not be thrilled by the thought of reading books about money, but getting one or all of these money books in their hands will definitely expose them to money principles and education many of us have learned the hard way. They’ll thank you later!
Have you read any of these? What other money books would you recommend for teens?
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