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Saving/Investing Book For New Grad

1,553 Views | 16 Replies | Last: 14 days ago by Good Bull Jones 17
High Functioning Moron
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6:51p, 11/10/24
I believe this has been asked before but I couldn't find it in the search function. My brother in law is graduating in December and I wanted to get him a book to set him up for saving and investment success as he starts his career.

Any suggestions for a book that goes over saving, investing, paying down debt, and overall financial discipline?
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chris1515
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6:54p, 11/10/24
AG
Get him to start listening to the ChooseFi podcast.

Better than any book and more likely to have influence.
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Z3phyr
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9:10p, 11/10/24
Millionaire mission - they have a podcast called the money guy show. Pretty simple stuff but a good couple steps up from the Ramsey advice
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Donut Holestein
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9:30p, 11/10/24
AG
+1 for both choosefi and money guys. Might also consider Simple Path to Wealth by JL Collins. Good overview showing the impact of investing early
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TriAg2010
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7:48a, 11/11/24
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The Millionaire Next Door is a classic in the genre. I think there's just timeless advice in spending less than you make, invest constantly, and keep your lifestyle modest.
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MyNameIsJeff
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7:55a, 11/11/24
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I think I Will Teach You To Be Rich by Ramit Sethi is a great introductory book for someone just starting out. Talks about streamlining/automating finances, credit cards, savings, investing, and making large (car, home, etc) purchases. I'd suggest that as an introductory book before diving into any one area.

It was the first book I read about finances 10+ years ago, and I still read it every few years.
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12thMan9
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7:51p, 11/11/24
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How I Invest My Money, Finance Experts Reveal How They Save, Spend, & Invest. Edited by Joshua Brown & Brian Portnoy.

My guy is in here, good read from people who are in the business & what they do w/their money.
Ronnie '88
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Dave Robicheaux
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7:45a, 11/12/24
AG
Dave Ramsey's Financial Peace university is a great gift and, IMO, one of the best foundations for a married couple to go through together. It meets all the criteria you mentioned.
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Petrino1
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8:43a, 11/12/24
Cant go wrong with The Bogleheads Guide to Investing or Millionaire Teacher. Both talk about investing via low cost index funds and keeping it simple. For someone right out of college, this is the perfect advice for them.
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Brian Earl Spilner
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8:46a, 11/12/24
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Rich Dad Poor Dad.

ChooseFI would be incredibly helpful for them as well.
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jh0400
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11:32a, 11/12/24
AG
The Psychology of Money
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GenericAggie
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In reply to chris1515 • 7:14p, 11/12/24
AG
chris1515 said:
Get him to start listening to the ChooseFi podcast.

Better than any book and more likely to have influence.
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El_duderino
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In reply to jh0400 • 7:15p, 11/12/24
jh0400 said:
The Psychology of Money


I second this. It really boils down to living below your means and letting time/compounding do its thing
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Backyard Gator
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8:08p, 11/12/24

The Richest Man in Babylon is always a classic, it is the book all other finance books are based off of.

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Seven Costanza
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10:01p, 11/12/24
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Random walk down Wall Street.


You can watch summaries of everything mentioned on YouTube.
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plarmigan
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7:15p, 11/14/24
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I was gifted The Automatic Millionaire when I graduated and it definitely helped set me up for financial success from the start. Highly recommend that as well as Bogelheads Guide to Investing, Millionaire Nextdoor, Random Walk down Wall Street to name a few others.
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Good Bull Jones 17
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8:01a, 11/19/24
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Bogleheads Guide to Investing and the Millionaire Next Door for sure.
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