blog | 7min Read
Published on February 12, 2022
Managing personal finance, and planning for the future can often be tricky and confusing. When you learn about the basics of finances, you know how to save money, manage your expenses and start investing for the future. But is that it? Certainly not! The world of finance is much more vast. To build a better relationship with money, one needs to be good at managing an investment portfolio, paying off debts, managing mortgages, saving for retirement, and surviving the occasional pitfalls as well.
And how do you make that possible? By learning through experiences, gaining financial knowledge, and seeking guidance from the best. Recently, financial education books, personal finance books for students, and podcasts on finance have been trending. They have been looked upon as the source to find answers to everyday finances and how to prepare for the future.
So, let’s dig in and find out how books and podcasts will help you in your financial journey.
Psst! Before we dive right in, here’s a little task for you – Take a pen and a sheet of paper and jot down 26 terms related to finance. Easy? Now here’s the twist – all of them should start with each letter of the Alphabet. For example, A – Account, B – _____, and so on! Play this with your friends and check who gets all 26 right in the least amount of time!
How Will Books And Podcasts Transform The Financial Horizon For You?
Improves student financial literacy and builds healthy money habits for the future.
Guides you on great investment options and managing finances during and after high school.
Teaches how to focus on financial goals and start your side hustle.
Advises on real-world finances, and biggest money challenges faced by adults.
Offers magnificent insights from experts and their financial journey experiences.
According to T. Rowe Price’s ‘Parents, Kids and Money’ survey, around 75% of the kids wish their parents taught them more about money, while 72% said that their parents are always “worried about the money.” You really wouldn’t want to be a part of this figure, do you?
Which Books And Podcasts Do You Need To Add To Your List Right Away?
While there are tons of books and podcasts on finance out there, we have handpicked some of the best finance books and best finance podcasts for beginners that you need to get hold of right now, while in high school.
Rich Dad-Poor Dad For Teens: The Secrets About Money
You would’ve probably heard about Robert Kiyosaki’s Rich Dad-Poor Dad, but its youth companion Rich Dad-Poor Dad for Teens is bound to hit any young financial enthusiast or up-and-coming entrepreneur out there. You’re never too young to learn the language of money. And the better you understand it, the better the chances that you can have your money work hard for you, rather than the contrary. The book is packed with sidebars, quizzes and also explains why games can help you understand more about personal financial literacy, money management skills, and investment plans for students.
The Teenage Investor
As the title suggests, The Teenage Investor focuses on how, to begin with, your financial journey, start investing early, and build a lifelong portfolio. Author Timothy Olsens provides answers to the questions “What is investing?”, “How do I start investing in stocks, bonds, and mutual funds for students?” and more. He outlines a simple and unique approach on how to build wealth in the stock market and shares remarkable knowledge and insights of a market veteran to young investing enthusiasts.
I Want More Pizza
The author Steve Burkholder approaches the topics of personal finance and money management in a way that is accessible to young adults through the pizza model in I Want More Pizza. From savings, spending, goal setting, investment for students to debt, credit cards, student loans he covers some of the critical financial lessons through relatable anecdotes, real-life examples, and hypothetical questions. The ultimate goal is to help you understand that money doesn’t have to be stressful, and you can be financially literate even if you don’t like maths or planning.
Why Didn’t They Teach Me This In School?
Rather than advising the traditional budgeting or investing principles, author Cary Siegel outlines the practical principles that he learned throughout his financial life. He aims to target the larger habits and planning skills that will contribute to your future finances- the ones that you’ll never learn in high school. Why Didn’t They Teach Me This in School? comprises eight important financial lessons focusing on 99 principles that will enhance your money management skills. Unlike other books out there, it focuses on the qualitative side of money management rather than the quantitative side.
I Will Teach You To Be Rich
Described as a ‘wealth wizard’ by Forbes, and ‘new finance guru’ by Fortune, author Ramit Sethi brings a modern money classic- I Will Teach You to be Rich that teaches you to effectively manage finances, pay off debts, save better and build wealth through investments. The book also comes along with impressive stories of how previous readers have used the book to improve their lives. The 6-week program helps you to take care of lifelong finances through a sophisticated approach.
From financial freedom and managing expenses, to creating a ‘sustainable’ investment, and understanding financial abuse, financial expert and host Farnoosh Torabi, highlights the important topics of the finance world in over 1000 episodes. You can learn the basics of cryptocurrency and get answers to your pressing questions about money, life, and career. So Money also consists of some fantastic real-life financial lessons and experiences of Torabi and her guests.
Money For The Rest Of Us
Buckle up, investors cause host J. David Stein is concerned about your future and advises on investment portfolios through his podcast. Savings is just not enough if you want your money to grow in the long term. And only investing your money at the right time in the market, stock or bond will make it grow. Money for the Rest for Us is a perfect blend of personal stories with academic research to explain and give insights on key concepts of investment for students, portfolio balancing, market cycle, and more.
The College Investor
Be it mastering your personal finance skills, learning about budgets, or getting introduced to credit scores, The College Investor has everything in store for you. Entrepreneur and millennial money expert Robert Farrington addresses some of the critical issues that matter to students and graduates about finance like student loans, paying bills, and investment plans for students. He further talks about side hustling, earning more money, and building wealth.
Financial Side Of Life: College, Retirement, And Life
Financial Planner Angie Furubotten-LaRosee concentrates on college savings plans, investments, money management skills for students, strategies on how to pay for college, build wealth, and what the idea of retirement means for different people on the Financial Side of Life. She welcomes guests from various walks of life who share their unique stories around finance. In another special episode, her dad talks about some remarkable money and life lessons.
If you’re looking for a feminist take on finances and the issues associated with it, then this is the right podcast for you. In Fairer Cents, co-hosts Tanja Hester and Kara Perez, throw light on the different economic realities facing women, people of color, and other marginalized groups. Further, they talk about how to tackle issues like the gender pay gap, women’s ambition, emotional labor, why financial feminism is necessary, and more.
Other than the above-mentioned finance education books and podcasts, you can check for multiple online websites, magazines, and videos to learn more about finance, and that’s the ultimate goal of every resource out there. So, whether you are new to this or looking to get more financial advice, these books and podcasts will surely help you out.
Be a part of The Big Red Group now, and start a youth financial literacy journey while still in high school.
Few answers to the quiz –
A – Assets, B – Bank, C – Cheque, D – Debt, E – Equities, F – Formula Investing, G – Government Bonds, H – Holding Period, I – Insurance, J – Joint account, K – Key Ratio, L – Liquidity, M – Mutual Funds, N – NEO banks, O – Opportunity Cost, P – Policy term, Q – Quote, R – Return on Equity, S – Systematic Investment Plans, T – Tax declaration, U – Union budget, V – Venture Capital, W – Working Capital, X- Xenocurrency, Y – Yield, Z – Zero balance