Millennials have a distinct problem with finance. This statement is a fact, plain and simple. A large majority of them are in crushing debt because of student loans. The rest of them are in debt because dreams do not correlate to reality and if anything, millennial dreams are expensive in today’s economy.
But, to solve this problem, financial literacy is absolutely essential.
Here is a list of the top six books that can be absolutely useful, should you wish to stay updated about financial literacy and how it can help you.
1. Broke Millennial: Stop Scraping By and Get Your Financial Life Together
Written by Erin Lowry, this book is ideal for all those cash-strapped twenty or thirty-somethings who are new to the world of personal finance and want to get their lives together. This book is a step by step one, which guides you from being flat out broke to a financial genius.
2. Corporate Survival Guide for your Twenties: A Guide to help you Navigate the Business World
Authored by Kayla Cruz, this book is for those recently graduated millennials just about to enter the working sector. This book integrates everything, from what you should wear to if you should eat at your desk. Yes, it is as comprehensive as that.
3. Dear Debt, A story about breaking up with Debt
Penned by Melanie Lockert, this is obviously for those people in debt and wish to become debt-free. With a personal and humorous narrative, this book has practical tips and tricks to help o their debts. The author manages to break down complex financial situations into simple, easy to understand ones and in the end making her readers achieve the financial freedom they crave for.
4. You Only Live Once
Written by Jason Vitug, this book is essential for all those people who aren’t happy with where their life is at and want something “extra” but are unsure of the changes they need to make. This book guides you through a budgeting process as well as plan your financial path towards your ideal goal.
5. How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom
Authored by Bobbie Rebell, the book offers candid financial advice from A-list celebrities including Drew Barrymore and Ivanka Trump.
6. Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love
Co-authored by Holly Porter Johnson and Gregory Johnson, this is the go-to book for anyone who wants to live debt free once and for all, instead of paycheck to paycheck.
Most millennials, even if they have a background in economics, financial literacy isn’t a subject taught in schools and universities. Had this been a subject, the debts and loans wouldn’t have been as big a problem for them as it is today.