For many, a favorite summer pastime is relaxing with a good book. And while your children are working through their required summer reading list, you too can brush up on your financial knowledge with a helpful book (or two!) We have created a short summer reading list to help you and your family become more knowledgeable in money management as it applies to various circumstances. These titles can be referenced whether you are looking for a useful source to help navigate a milestone in your life or looking to learn savvy ways to manage your finances. Or maybe this is the summer you will finally learn the basics of investing! Hopefully these books will establish an open dialogue about finances within your family or prompt new questions that will spark important conversations with your advisors.
Personal Finance for Dummies
Author: Eric Tyson
Intended Reader: Everyone!
For those interested in: The basics of finance
Personal Finance for Dummies provides a helpful guide to evaluating your current financial state while also setting realistic and necessary goals for the future. In this book, Tyson supplies simple explanations to some of the (seemingly) abstruse financial planning concepts and strategies. These will be useful when approaching topics such as budgeting, investing in mutual funds, and planning for college.
Broke Millennial: Stop Scraping By and Get Your Financial Life Together
Author: Erin Lowry
Intended Reader: Young professionals
For those interested in: Addressing debt and/or gaining basic yet necessary financial knowledge
Lowry, a personal finance expert and translator with bylines in the New York Times, Cosmopolitan, and Bloomberg, details step-by-step instructions for recent college graduates and young professionals to become more financially stable. This book offers specific advice for a variety of financial situations, like what to do when you are out with friends and can’t split the bill evenly or how to manage student loans. Lowry offers this advice through true stories to help readers reimagine their own lives and relationship with money.
The Intelligent Investor: The Definitive Book on Value Investing
Author: Benjamin Graham
Intended Reader: Strategic investors
For those interested in: Understanding the complexities of the stock market
Graham’s The Intelligent Investor provides investment advice centered around his “value investing” philosophy and its stock market applications. “Value investing” is an investment strategy where investors seek out stocks that they think the market is underestimating. The book coaches investors through the process of creating long-term strategies and provides explanations for how the “value investing” philosophy, in practice, helps to protect investors from making substantial errors.
The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous and Smart About Money
Author: Ron Lieber
Intended Reader: Parents
For those interested in: Teaching their children financial values that will help them become less materialistic
Lieber is a great resource for parents who are searching for a way to speak with their children openly about money. He argues that establishing this open dialogue will result in children adopting wise and astute financial behaviors. This book references real-world stories from families with a range of incomes.
The Marriage Challenge: A Finance Guide for Married Couples
Author: Art Rainer
Intended Reader: Married couples
For those interested in: Planning or navigating joint finances with their partners
Newly wed or have upcoming nuptials this summer? Once the party is over, and the “I Dos” are said, pick up The Marriage Challenge. Rainer’s workhopes to facilitate financially healthy marriages by providing advice and specific tips to help couples navigate the intersection of money and marriage. Much of this advice is centered around reaching an ultimate goal of financial contentment and purpose.
Clever Girl Finance: Learn How Investing Works, Grow Your Money
Author: Bola Sokunbi
Intended Reader: Female investors
For those interested in: Building wealth by investing
Clever Girl Finance provides an informative guide for women to learn the foundations of personal investing. This book particularly focuses on the importance of investing for long-term financial gain and places an emphasis on differentiating between making money and building wealth.
Lean In
Author: Sheryl Sandberg
Intended Reader: Young women entering the corporate world
For those interested in: Helping women achieve their career goals and creating a more equal world
Lean In offers a combination of personal anecdotes, research, and practical advice that provides the reader with insights about gender differences in the workplace. Sandberg, the chief operating officer at Facebook, suggests that women can take a seat at the table by being fearless with their peers and career moves. She identifies the need for women to aspire to leadership roles and outlines the ways in which women both are held back and hold themselves back.
50 States, 5,000 Ideas: Where to Go
Author: Joe Yogerst
Intended Reader: New retirees
For those interested in: Planning their next steps after retirement
And for a different kind of “planning,” pick up the ultimate travel guide! If you have just retired, this book will be a great resource to help you decide your travel plans and budget your activities. Or this can be a great inspiration to start incorporating your future travels into your financial plans!
Disclosures
Investment advice offered through Shepherd Financial Partners, LLC, a registered investment advisor. Registration as an investment advisor does not imply any level of skill or training.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Securities offered through LPL Financial, member FINRA/SIPC. Shepherd Financial Partners and LPL Financial are separate entities.
Additional information, including management fees and expenses, is provided on Shepherd Financial Partners, LLC’s Form ADV Part 2, which is available by request.
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