How to Adult: Personal Finance for the Real World
by Jake Cousineau
Great resource for a high school graduate, college student, or any other young adult who needs to prepare for the financial realities of adulthood.
The Bogleheads’ Guide to Investing – Second Edition
by Taylor Larimore, Mel Lindauer and Michael LeBoeuf.
Created by followers of John C. Bogle, founder of the Vanguard Group and advocate for the index mutual fund, this book outlines the Bogleheads’ style of investing in a way that’s clear and easy to understand.
Do-It-Yourself Wealth Management: Take Control of Your Financial Life!
by Stanley J. Kon, PhD
Dr. Kon, with long careers as a professor of finance and in the practice of institutional investment management, will take you through a disciplined “Do-It-Yourself” investment process for wealth portfolio management, monitoring and revision involving many accounts and many investments with overlapping risk dimensions.
Free to Choose: A Personal Statement
by Milton Friedman and Rose Friedman
Capitalism and Freedom
by Milton Friedman
Capitalism and Freedom by Milton Friedman and Free to Choose by Milton and Rose Friedman are a few classics that we like to keep close around here.
Milton Friedman provides a logical framework for understanding the unintended consequences and offers the more efficient solutions to society’s problems. It is also clear that capitalism is the only economic system for allocating resources that is consistent with personal freedom.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
by Thomas J. Stanley and William D. Danko
This book will likely change your perception, particularly for younger individuals and families just starting out. The book identifies seven common traits that show up again and again among those who have accumulated wealth. Combining data and expert insights the authors uncover the truth of what a millionaire really looks like – and it may not be what you’d expect.
Why Didn’t They Teach Me This in School?: 99 Personal Money Management Principles to Live By
by Cary Siegel
Ask anyone what they wish they’d learned more about in school and the answer is likely money. More specifically, how to properly handle one’s finances—author Cary Siegel, a retired business executive, divides the book into 99 principles and eight money lessons that you should have learned by high school or college but didn’t. This easy-to-read book is ideal for new grads or anyone looking to start off their personal finance journey on the right foot.
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
by Morgan Housel
An interesting delve into the psychology of money and how your ego, preconceived notions, and even your pride can affect your decisions around money. Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. The book gives readers tips and tools for combating these biases in the form of 19 short stories that focus on the same topic.
The Power of Passive Investing: More Wealth with Less Work
by Richard A. Ferri
Time and again, individual investors discover, all too late, that actively picking stocks is a loser’s game. The alternative lies with index funds. This passive form of investing allows you to participate in the markets relatively cheaply while prospering all the more because the money saved on investment expenses stays in your pocket.