Budget Books for College Grads - Suggestions?

**disneysteve** · 02-13-2017, 07:16 AM

First, you can't open a Roth for someone else. They need to fund it with earned income.

As for books, I think The Millionaire Next Door is a great one. It doesn't focus on budgeting but rather mindset about spending and living expenses. Suze Orman's Young, Fabulous, and Broke is good, too.

**YULACU** · 02-13-2017, 07:50 AM

She has a college job so she's earning income for the year. I also know her SSN, DOB, etc., I just want to get her over the hump of actually opening up an account. I don't plan on maxing it out for her.

Thanks for the book recommendation. I'll check it out on Anazon.

**scfr** · 02-13-2017, 08:44 AM

Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallum. https://smile.amazon.com/Millionaire...sap_bc?ie=UTF8

I read the 2011 edition and thought it was the best basic intro to personal finance and investing I'd ever read. It has been updated for 2017.

**thestrongprofessional** · 02-14-2017, 01:34 AM

Best book for millenials

Hey YULACU,

As a fellow millennial myself I would highly recommend the book "I Will Teach You To Be Rich" by Ramit Sethi. It's a comprehensive book that cover savings, investments and long term financial strategies for millennials. I'm confident that your family member will love the book and appreciate the advice. I've provided a link for the book below:

Amazon.com

https://www.amazon.com/Will-Teach-You-Be-Rich/dp/0761147489/ref=sr_1_1?ie=UTF8&qid=1487064804&sr=8-1&keywords=I+will+teach+you+to+be+rich

Raphael

**YULACU** · 02-14-2017, 02:10 PM

So, I had a $25 gift card and I ended up buying Young, Fabulous, and Broke, Millionaire Teacher, and I Will Teach You To Be Rich. I suspect that I will keep two of them for myself since I could probably stand to learn a thing or two as well. Thanks for the help!

Budget Books for College Grads - Suggestions?