Books on financial advice for 20-somethings?

[Parrot Head]

Does anyone have any recommendations on -- as stated above -- books on financial advice/planning for 20-somethings? I'm looking for this for someone soon to be entering the workforce (hopefully) that needs a little grounding and some basics.

I've read the general Rich Dad/Poor Dad book, but none of the 518 others he has cranked out. Any others that people here have received, read or given to others?

[byu71]

Does anyone have any recommendations on -- as stated above -- books on financial advice/planning for 20-somethings? I'm looking for this for someone soon to be entering the workforce (hopefully) that needs a little grounding and some basics.

I've read the general Rich Dad/Poor Dad book, but none of the 518 others he has cranked out. Any others that people here have received, read or given to others?

Stay away from any of the stuff the blonde gal that shows up on TV, Suzie Ortman or something like that, says.

I don't know of any good current books, but a great book in my opinion is The Richest Man in Babylon. Although not a finance planning book per se, it is a great book for general foundation and a good read.

[ERCougar]

CJ recommended in another thread ' personal finance for dummies'. It's really a great book. I was an econ major, and I still learned quite a bit about a lot of the nuts and bolts of investing and budgeting and insurance and what not. It's really comprehensive and based on sound economics.

[SteelBlue]

I don't know of any good current books, but a great book in my opinion is The Richest Man in Babylon. Although not a finance planning book per se, it is a great book for general foundation and a good read.

I second this suggestion. I recieved it as a gift while in my 20's and it positively influenced my planning as I entered the real world. I've given it as a gift to several people since then and those who've read it have claimed to benefit.

[Moliere]

I second this suggestion. I recieved it as a gift while in my 20's and it positively influenced my planning as I entered the real world. I've given it as a gift to several people since then and those who've read it have claimed to benefit.

I'll third The Richest Man in Babylon. It's a great book and teaches more about long-term saving and investing in a general sense.

[thesaint258]

This is a very timely thread for me. I've been working as a contract attorney for a little over a year now, and I've been pretty much a full-time associate for the last six months. They finally decided to hire me as an actual associate with an actual salary starting next month. Now I'll actually have some extra money, and I need to figure out what to do with it.

[ERCougar]

I don't want to knock anyone's advice here, but what did you really learn from the Richest Man In Babylon? To me, it seemed like a very long way to communicate some common sense principles, in a sort of forced allegory. Maybe I'm forgetting some insightful principles--it's been a while since I've read it.

[falafel]

This is a very timely thread for me. I've been working as a contract attorney for a little over a year now, and I've been pretty much a full-time associate for the last six months. They finally decided to hire me as an actual associate with an actual salary starting next month. Now I'll actually have some extra money, and I need to figure out what to do with it.

HEY! that's great news! this deserves its own thread. Congratulations.

[Flystripper]

not exactly financial planning but a book full of solid advice for anyone starting out their career.

[ame="http://www.amazon.com/Critical-Years-Your-Professional-Life/dp/1559723955"]Amazon.com: The Critical 14 Years of Your Professional Life (9781559723954): Robert L. Dilenschneider: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51T1ZRJBZ5L.@@AMEPARAM@@51T1ZRJBZ5L[/ame]

[byu71]

I don't want to knock anyone's advice here, but what did you really learn from the Richest Man In Babylon? To me, it seemed like a very long way to communicate some common sense principles, in a sort of forced allegory. Maybe I'm forgetting some insightful principles--it's been a while since I've read it.

Put 10% away for yourself and give 10% to charity. Do those first. Main two points I remember off hand.

The book is not a day to day guide on how to invest. Most of those kind of books, IMHO, are only useful as tools to stir up ones mind to think about various options. General principles apply, specific principles do not always apply, again IMHO. That is because each persons emotional make up is different and can't be dealt with by words in a book.

[Uncle Ted]

I have always enjoyed the Millionaire Next Door books...

[ame="http://www.amazon.com/Millionaire-Next-Door-Surprising-Secrets/dp/B000VEF6DG/ref=sr_1_6?ie=UTF8&qid=1292442496&sr=8-6"]Amazon.com: The Millionaire Next Door: The Surprising Secrets of America' s Wealthy: William D. Danko; Thomas J. Stanley: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/416cPNw5DML.@@AMEPARAM@@416cPNw5DML[/ame]

[ame="http://www.amazon.com/Millionaire-Mind-Thomas-J-Stanley/dp/0740718584/ref=sr_1_3?ie=UTF8&qid=1292442596&sr=8-3"]Amazon.com: The Millionaire Mind (0050837205079): Thomas J. Stanley: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51qqWCc2WfL.@@AMEPARAM@@51qqWCc2WfL[/ame]

Learn from the people that have done it.

[eldiente]

i recommend this book

[ame="http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365/ref=sr_1_1?ie=UTF8&s=books&qid=1292459971&sr=8-1"]Amazon.com: The Bogleheads' Guide to Investing (9780470067369): Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/511qrXrbwFL.@@AMEPARAM@@511qrXrbwFL[/ame]

Best book on investing for beginners and experienced alike

[Parrot Head]

I have always enjoyed the Millionaire Next Door books...

Amazon.com: The Millionaire Next Door: The Surprising Secrets of America' s Wealthy: William D. Danko; Thomas J. Stanley: Books

Amazon.com: The Millionaire Mind (0050837205079): Thomas J. Stanley: Books

Learn from the people that have done it.

Thanks, everyone, for all the suggestions. After posting I remembered Stanley's first book, but I haven't read the follow up either so I might have to give that a read.

I can't believe '71 doesn't like Suze! C'mon, all those jackets and all that financial acumen....

[thesaint258]

HEY! that's great news! this deserves its own thread. Congratulations.

Thanks! I feel like I'm finally starting my career instead of wandering around in the ether.

[Donuthole]

HEY! that's great news! this deserves its own thread. Congratulations.

No kidding. Felicitaciones, saint. Couldn't have happened to a nicer dude.