"Top 5 Personal Finance Books Every Teen Should Read to Build Money Skills Early"

Top 5 Personal Finance Books Every Teen Should Read to Build Money Skills Early 


In today's face paced evolving world having knowledge about personal finance is very important and especially for teenagers it's very important to have knowledge about personal finance in order to gain financial success in the future. Keeping the importance of knowing personal finance. This blog is dedicated to unleash the top 5 books that every teen should read for knowing personal finance. Some of the following books will help you gain knowledge about personal finance : 


1. "Rich Dad Poor Dad for Teens" : By Robert T. Kiyosaki.


Why It's So Great : This blog explains the teens in simple language about the difference between working for money and letting money work for you. 


What Will IT Teach You :  

1) How assets and liabilities work.

2) The importance of entrepreneurship.

3) How to think like an investor.

4) Why Financial literacy is important.


Best For : This book is best recommended for those teens who have a money mindset and are serious about their future regarding financial success.


2. "The Teen Investor" :  By Emmanuel Modu and Andrea walker.


Why It's So Great : This book is very important for those teens who want to grow their bank accounts because this book breaks down the basics of investing in stock market , mutual funds and also the importance of long term thinking.

What Will Teach You : 

1) The Power of Compound Interest.

2) How to evaluate investment opportunities.

3) Steps to open custodial investment accounts.

4) Real stories of teenagers who have smart moves.

Best For : This book is great for those teenagers who are serious about life and are dedicated to grow their bank accounts.


3. “Money Matters for Teens” : By Larry Burkett.


Why It's So Great : This book is important for teenagers as it teaches money management and emphasizes to focus on key features of life like responsibility , ethics and stewardship.

What Will IT Teach You : 

1) principles of handling money wisely.

2) Budgeting basics.

3) Importance of savings.

Best For : It's important for teens to know the importance of savings and wisely spending your money.


4. “Smart Money Smart Kids” : By Dave Ramsey & Rachel Cruze.


Why it's so great : This book is written by Dave Ramsey and his daughter and this book delivers timeless money lessons by an expert advice. While it's aimed at teaching the basic importance of earning , saving , giving and spending wisely. 

What Will It Teach You :

1) The value of working for money.

2) How to avoid Debt from an early age.

3) Saving the earned money for big goals.

4) The importance of having a strong money mindset.

Best For : Best for teens who want to learn the importance of money and saving it for achieving big goals in life.


5. “How to Turn $100 into $1,000,000” : By James McKenna, Jeannine Glista & Matt Fontaine.


Why It's So Great : It's important for teens and younger teens to know about the key features and importance of money before starting to earn it.

What Will IT Teach You : 

1) The basics of earning , saving and investing money and also the importance of entrepreneurship.

2) Fun facts and quizzes to test your financial smartness.

3) Real stories of young entrepreneurs.

4) How to avoid money traps like debts.

Best For : This book is important for teens and preteens for motivating them before starting to earn money.


Conclusion : 

Personal finance may not be the most exciting topics in the school but it is one of the most important topics in the school as it teaches young children and teens about the importance of money , the way you earn it , how to invest it wisely , how to spend wisely and most importantly how to not fall in money traps like debts unless necessary.





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