Log In


Reset Password
  • MENU
    Local
    Monday, April 29, 2024

    Money wisdom for new grads

    To help hone skills needed to handle money, get out of college debt and start on the road to becoming wealthy, give one or more of these financial books:

    “I Will Teach You to Be Rich” by Ramit Sethi. It’s hugely popular with millennials and anyone who wants to learn about personal finance without the boring parts. Sethi’s easy-to-read and approachable work includes chapters with such subtitles as “Open high-interest, low-hassle accounts and negotiate like an Indian,” and “How to save hundreds per month (and still buy what you love).”

    “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko. This book is a great guide to the habits that build wealth, based on the concept that wealthy people don’t become wealthy simply through acting (and spending) that way. Stanley and Danko’s seven simple rules are a must for anyone just starting out and earning a first real paycheck.

    “You’re So Money: Live Rich Even When You’re Not” by Farnoosh Torabi. Weaning from benefactors (if you’re a parent, that’s you) and learning to live on an entry-level income may shock your grad’s preferred lifestyle. But living within one’s means is indispensable to avoiding even more debt on those new credit cards.

    -- AdviceIQ

    Comment threads are monitored for 48 hours after publication and then closed.