8 Best Money Books for Young Adults in 2023

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Discover the 8 best money books for young adults in 2023 and take control of your finances today. Our expertly curated list includes books on budgeting, investing, and more.

It’s unpleasant to hear, but the sad truth is that at least 3 out of 4 teens graduating from high school can be considered “financially illiterate.” Couple that with the fact that talking about money is taboo in many families; young adults are ill-prepared to manage money when they graduate high school, and not much better when they graduate from college.

Only 23 states require that students complete some coursework in personal finance, which can be combined with another subject. Only nine states require a stand-alone course in personal finance. Educators are not setting kids up for success in managing their money.

8 Money Books Every Young Adult Should Read

There are many financial books available that can help kids learn about these topics, but here are some of the best financial books for young adults (including high-schoolers) in 2023:

“The Richest Man in Babylon” by George S. Clason: This classic book uses parables set in ancient Babylon to teach timeless financial lessons. It covers topics like saving money, living within your means, and investing for the future.

“Rich Dad Poor Dad” by Robert Kiyosaki: This book is a personal finance classic that has sold millions of copies worldwide. It tells the story of two fathers – one financially successful and one struggling with money – and offers valuable lessons about building wealth and achieving financial independence. After 20+ years in print, it’s still a bestseller.

“The Total Money Makeover” by Dave Ramsey: This book is a step-by-step guide to getting out of debt and building wealth. It covers topics like creating a budget, saving for emergencies, and investing for the future.

“The Simple Path to Wealth” by JL Collins: This book offers a straightforward approach to investing that is accessible to anyone. It covers topics like the importance of saving, the power of compound interest, and the benefits of investing in low-cost index funds.

“Your Money or Your Life” by Vicki Robin and Joe Dominguez: This book offers a holistic approach to personal finance that emphasizes the connection between money and quality of life. It covers topics like tracking your spending, reducing expenses, and building a life that aligns with your values.

“I Will Teach You to Be Rich” by Ramit Sethi: This book offers a practical, no-nonsense approach to personal finance tailored to young adults. It covers topics like automating your finances, negotiating your salary, and investing for the future.

“The Millionaire Next Door” by Thomas J. Stanley and William D. Danko: This book offers insights into the habits and behaviors of millionaires based on a long-term study of wealthy individuals. It covers topics like living below your means, avoiding debt, and investing for the future.

“The Behavior Gap” by Carl Richards: This book offers a unique perspective on personal finance that emphasizes the importance of behavior and mindset. It covers topics like managing emotions, avoiding common financial mistakes, and building a solid financial plan.

By reading these books and applying their lessons, young adults can set themselves up for a lifetime of financial success. Whether they’re just starting or already well on their way to building wealth, there is something for everyone in these top financial books for young adults (and their parents) in 2023.

In conclusion, discovering the top eight money books for young adults in 2023 is a significant step towards taking control of your finances and building a secure future. With a staggering lack of financial literacy among today’s youth, it’s essential to equip oneself with the necessary knowledge and skills to make informed financial decisions.

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