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The Best Finance Books for College Students

financebookIf you’re a young adult who is just getting ready to enter college, there’s a good chance that you’re also about to make some important financial decisions—or run into some money trouble. Whether it’s acquiring debt in the form of student loans to pay for tuition, racking up large bills going out with friends, or not being able to pay your rent at the end of the month, chances are you’re going to want some financial help. As you begin living on your own, and eventually enter the career arena, it’s a good idea to have a firm understanding of spending and saving habits, the economy, and debt management. Here are some easily-digestible books that can help you along the way.

Soldier of Finance, Jeff Rose

Soldier of Finance, written by Jeff Rose in 2013, is a book that details how to achieve good credit, manage debt, and invest wisely. Rose, a certified financial planner and retired U.S. soldier, bases much of the book’s principles on the Soldier’s Handbook and uses military metaphors to get his point across.  One New York Times reviewer asserts, “to his credit, [Rose] provides a solid foundation of personal finance basics”—and building a financial foundation is precisely what college students should be doing. The book excels at talking the reader through the importance of financial goal-setting and how to establish and build credit. The book is fitting for readers from a military background, but is sure to be a great read for all audiences.

Freakonomics: A Rouge Economist Explores the Hidden Side of Everything, Steven Levitt

A staple on most “must-have” finance books lists (as well as a vital work in the bookshelves of finance students everywhere) Steven Levitt’s Freakonomics is one of the most thought-provoking money books to be released in the last 10 years. The book takes a very unconventional—sometimes sociological—approach to understanding economics, and ultimately sets out to prove that economics is more about incentives and motivation than anything else. Says Levitt:

Freakonomics is an attempt to have some fun with economics… taking tools of economics—the idea that you can use data and incentives and what not—and bringing those into the world to ask questions which are sometimes useful and sometimes just interesting”

The book certainly proves to be a fun ride. Levitt uses a series of non-traditional stories and examples (a chapter on sumo-wrestling? It’s in here) to highlight important economic theories and principles. While the book will be a useful read for economics and business majors, it’s engaging enough for students from other majors and background as well.

The Financial Domino Effect, Ben Emons

If you’re in need of some “back to basics advice”—as described by Paul Brown of the New York Times—then The Financial Domino Effect, written by Ben Emons (the senior vice president of the investment company responsible for the world’s largest bond fund) might be the place to start. A great read for novice investors, the book examines the main factors that control the world market, ranging from sociopolitical factors to financial and economic influences. It is the author’s belief that when one—or all—of these factors are altered, a domino effect takes place, with results typically showing up in the stock markets and economy. While the book provides a firm grasp of elements that lead to global market collapses, its true genius is in detailing how you can remain profitable even when the global economy is declining. Considering that students graduating just 5 years ago were facing one of the worst recessions in recent memory, this book could prove a useful tool for young adults looking for ways to invest in their future and make conservative financial decisions.

Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, Kimberly Palmer

While US News & World Report editor Kimberly Palmer penned and released this book in 2010, it still proves to be an incredibly useful resource for young adults. The book has a special focus on saving—something 20-somethings should take advantage of before they have larger bills to pay. Says Palmer, in an interview with Huffington Post:

“The only way to get ahead financially is to save at least one-third of your income. It sounds impossible, and sometimes it is. But if you don’t start saving that much for an emergency fund, goals, and retirement in your twenties and thirties, it’s just going to get harder later.”

Palmer’s relatable stories and tone make the money lessons sink in for finance-novices. Palmer discusses everything from how to negotiate for lower prices on everyday items to how to deal with student loans and debt as burgeoning adults. The book will surely benefit any student looking for a general (and easy-to-understand) how-to guide for budgeting.

Finance doesn’t have to be dry and dull. These engaging books offer unique twists on finance and useful advice for life-long money management. From taking on loan debt to opening up credit cards for the first time, college students are making important decisions about their money every day—and they should have the tools and literature to help them do so wisely.

This article was contributed on behalf of BQR Advertising, a leader among Houston advertising agencies that truly understands how to properly manage advertising efforts to match with your financial budgets while keeping up with the latest trends in the industry. Check out their website today and see how they can help you and your business succeed. 

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