![]() ![]() ![]() This 2018 book is helpful and funny (how many personal finance books can you say that about?). "This Is the Year I Put My Financial Life in Order" by John Schwartz. (A former newspaper reporter, Savage wrote Stone's obituary just after his 100 birthday.) Savage said she first started reading it in her 20s when her father had the book on his desk. But if your child or grandchild can get past that, she said, they'll find the advice inspirational. Savage concedes this 1960 self-help book, which she recommends for young adults, has a flaw: it talks only about men achieving success with a positive mental attitude. "Success Through a Positive Mental Attitude" by W. One of Savage's favorite parts: Kotlikoff's section on "why your daughter might be better off being a plumber than a doctor." Next Avenue recently published a Kerry Hannon interview with him about his book's advice. Hot off the press, this 2022 book by an iconoclastic Boston University professor and Social Security maven, is filled with smart and sometimes provocative personal finance tips. "Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life" by Laurence J. The author is a New York Times NYT personal finance writer and his excellent 2021 book is all about funding college tuitions and selecting colleges we excerpted it on Next Avenue. ![]() "The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make" by Ron Lieber. ![]() Savage called Buffett "the current modern-day iteration of Benjamin Graham." "The Warren Buffett Book of Investing Wisdom: 350 Quotes From the World's Most Successful Investor" by Robert L. "What I like about this book the most is that these are strategies that actually work for real people, especially for people who are getting ready to retire," Krueger said. Krueger insisted she'd recommend this 2019 book even if syndicated personal finance columnist Savage wasn't one of our co-hosts. "The Savage Truth on Money: Third Edition" by Terry Savage. Krueger - who has read this book at least three times - said on the podcast that when she interviewed legendary investor Warren Buffett a decade ago, he said this is the one investing book that changed his life. It's been updated, of course most recently by Wall Street Journal "Intelligent Investor" columnist Jason Zweig. Talk about a classic Graham, an economist, professor and investor, first published this book about value investing (finding stocks trading for less than their intrinsic value) in 1949. "The Intelligent Investor: The Definitive Book on Value Investing" by Benjamin Graham. "It's a good book to get kids thinking about budgeting and living without debt," she said. Krueger's suggesting it to her niece who just turned 30. Its author is also young Aliche is a former preschool teacher turned financial educator. This 2021 book could be a great primer for your grown child or your grandchild. "Get Good With Money: 10 Simple Steps to Becoming Financially Whole" by Tiffany "The Budgetnista" Aliche. Krueger said the authors "can change your life by changing your habits." (I interviewed Stanley when I was a writer at Money magazine, just before the book first came out, and was impressed by his research and advice.) First published in 1996 and reissued in 2010, it's all about ways to spend frugally to save more - the way modest small business owners often do to help them become millionaires. "The Millionaire Next Door" by Thomas Stanley and William Danko. Said Krueger: "It slices through the Wall Street noise, getting to the heart of how you and I as investors can do the little things to prosper." First published in 2007, Bogle's seminal, plain-English investing book was updated in 2017. The author is the late founder of Vanguard mutual funds, the father of the low-cost index fund (typically a mutual fund that buys shares of the entire stock market) and the man known as champion of small investors. "The Little Book of Common-Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns" by John Bogle. Now to the 13 books (some with the longest titles you've ever seen), starting with five Krueger said she's "actually tried to live by" and has "read and reread." ![]()
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