Best books to buy for someones 18th birthday

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Best books to buy for someones 18th birthday

Alan Thomas
Member since 2019 · 2 posts · 1 vote

Good evening All.

I am 37 and from the UK.  I have been listening to the personal finance podcasts with Scott & Mindy and my finances have transformed within 6 months.  

Would like to say a big thank you !

I have a question.   I have a nephew who is just about to turn 18 and he is all about material things.  I am worried he will make the same financial mistakes I did when I was his age.  If I knew at 18 what I know now then I would be worth £20m not just the £100k that I am currently improving on !

As we all know people start pulling faces when we try to pass on our wisdom so I thought I would buy him some books as an 18th birthday gift to try and educate him.

I have ordered Your Money or Your Life & Millionaire Next Door already for him.  Do anyone else have any suggestions?  Some of these books are very American...I can see past this but something with a more UK or European outlook may be a good idea to go with the above.

Feel free to add some suggestions....

Have a great weekend 😀

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Spencer Abeyta
Property Manager · Colorado Springs, CO · Member since 2017 · 126 posts · 67 votes
7y

Rich Dad Poor Dad by Robert Kiyosaki is a must read. It is a great mental shift in being able to sort out assets and liabilities in your life.

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  • Spencer Abeyta
    Property Manager · Colorado Springs, CO · Member since 2017 · 126 posts · 67 votes
    7y

    Rich Dad Poor Dad by Robert Kiyosaki is a must read. It is a great mental shift in being able to sort out assets and liabilities in your life.

    2Reply
  • Alan Thomas
    OP
    Member since 2019 · 2 posts · 1 vote
    7y

    Hi Spencer.

    I looked in great detail at that book and was worried it may be a bit of overload for an 18 year old who has never even heard of FIRE.    Its also heavily weighted towards USA readers so I think its something for a bit further down the line.   I think Your Money or Your Life is prob the best book to start then I may go for Rich Dad Poor Dad once he has bought into the idea of opening his mind to understanding money.

    By the way I have never actually read any of these books myself but fully understand the concepts from podcasts etc

    0Reply
  • Jeannette C
    Flipper/Rehabber · Delaware County, PA · Member since 2009 · 30 posts · 12 votes
    7y

    The Millionaire Next Door.

    1Reply
  • Saul L.
    Specialist · Kiryat Motzkin, Israel · Member since 2014 · 266 posts · 159 votes
    7y

    You might want to look at these: 

    The simple path to wealth by JL  Collins- 

    https://www.amazon.com/dp/0464853478/ref=cm_sw_em_...He also has a very user friendly and easy to read blog.

    The richest man in Babylon - https://www.amazon.com/dp/0464853478/ref=cm_sw_em_... - Distills the concepts of financial responsibility into parables  on ancient Babylon. (Not for everyone because its written in almost biblical english- but brings the basics to the forefront)

    And would reiterate the recommendation you got above for Rich Dad Poor Dad.  It is a trans-formative eye opening book - You know your nephew, but I dont think its "overload" by any stretch.

    0Reply
  • Chris Szepessy
    Catskill, NY · Member since 2018 · 636 posts · 668 votes
    7y

    Set for Life by Scott Trench. Easy to read/understand and can get your life on the right path. I also loved RDPD and The Millionaire Next Door. 

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