Everything You Need To Know About Saving For Retirement – By Ben Carlson
This book should be required reading for High School seniors. It would be a great guide to a 9-week course. Ben has a gift for storytelling and making complicated subjects easy to understand. The book has 23 chapters and 116 pages; everything is short and concise. It is a book for beginners. However, I still enjoyed reading it, and I just bought several more for gifts.
I Will Teach You To Be Rich – By Ramit Sethi
Once I bought this book, it took me months to get started reading it. The title doesn’t do it justice. It sounded like a get-rich-quick scheme. It was not! Ramit does a fantastic job of breaking down how to automate your finances. Pay yourself first and spend on what is important to you. Then save on things that don’t matter. He stresses just getting started even though you may have more to learn.
The Simple Path to Wealth – By JL Collins
The Simple Path to Wealth is my favorite book. Because of the JL Collins book, I took the next step in my personal finance journey. I understood the stock market in much more detail after reading his book. If you are nervous about the ups and downs and putting your money into the stock market, he will help ease your fears. He shows how easy it is to build wealth with time and consistency in the market.
These books are all excellent guides. They will help get you where you want to be in 20-40 years. They all show you anyone can build wealth with time and patience. All three books focus on automating your finances and making sure you pay yourself first. Let compound interest work for you.
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