Children always have a creative mind that wishes to learn and explore something new. As per the survey conducted in the year 2019, most of the students of the schools in Gurgaon showed interest to learn the art of finance. They want to know that how everything matters with the money and how this money helps in each and everything in this life. More than 70% of students express their thoughts that how much their parents worried.
As it is a general issue and most of the school teachers just explain the basic and not cover the common problems which parent’s faces during meeting the financial issues. That makes most of the school students lost in the world of their own as they never come to know more and far beyond the basic money management.
As per the research from the National Bureau of Economic Research, showed that people who learn the high level of financial literacy where teenagers are more likely to save money for retirement and those who have a low level of financial literacy are less likely to save money for the retirement and more likely to take an excessive amount of debt. That type of education begins by simply reading a book and it made a major impact on the mental status of a person throughout the course of their life.
In view of all that, here are the best money books for youngsters of different ages and levels as per the reading. A few books are even appropriate for pre-youngsters, and every one of them finds some kind of harmony among teaching and engaging the one who loves to read.
I Will Teach You to Be Rich
This book written by Ramit Sethi is one of the books which help the teenage to begin their financial a career with the right foot. This book guides a teen how he can achieve the things which he desires for by keeping the right balance between debit and credit. It gives them the advice to make things in life visible and independent.
It offers an improved way to deal with monetary education that centres on inspiration and objective setting as opposed to traditionalist dynamic or careful advancement. Sethi’s New York Times top of the line book offers an improved way to deal with monetary education. In the book, the author contends that numerous youngsters neglect to construct abundance, not on the grounds that it’s troublesome or unimaginable, but since they become so overpowered with particulars—like endeavouring to time the market consummately prior to contributing or perpetually breaking down the distinction between two fundamentally the same as for portfolios—that they regularly do nothing as opposed to hazard making “some unacceptable” choice.
What You Should Have Learned About Money, but Never Did
This is a good book which focuses on personal development and how one can manage the balance between financial goals, paying down debt, starting an emergency fund, and saving for retirement. This book has been written by Sophia Bera, who is a certified financial planner, where she had covered the teen-related subjects lie how to have a side income, and why it’s important to work for the multiple sources of income at the same time, the topics related to the teens, like the student’s loan and the calculation of its worth.
The Early Investor
Composed by Michael Zisa, “The Early Investor” is an astounding perused for any spurred youngster who has a premium in contributing and abundance building. Zisa offers far-reaching answers to questions like “What is contributing?” and “For what reason would it be advisable for one to put resources into stocks?
Zisa is also a Certified Financial Education Instructor and a member of Personal Finance Speakers Association (PFSA), and the Global Association of Teachers of Economics (GATE), has a grip to explain the complex concepts in a much better way. As this book highlights the basic right to invest so it can be much worth to students who want to learn and grow.
I Want More Pizza
This book has been amazingly written by the Steve Burkholder who approached the subject related to the personal finance in a way that’s easily reached to kids. To ponder the things beautifully, the author always tries to explain his writing in a way that would be clear and amusing so that a young reader gets plenty of good phrases and anecdotes say hypothetical situation questions. Instead of giving so much stress on just telling, the author shows to the reader why and how managing money is important to everyone.
Followed by the four categories this book includes the dazzling introduction section where each referred to as “slices”. The first slice has covered “You” which solely focus on the reader’s relationship to need of money, behaviour and future goals. The second slice has included the title “Saving” where one comes to know about the basics of spending and saving money no mater an income is large or small. The third slice name as “Growing Your Saving” is devoted to investment and compound growth. The last and final slice is “Debt” that beautifully explains debt, credit cards, and pay for the college. This book “I Want More Pizza” is one of the good books that contribute the intro to financial literacy for teens and pre-teens.
Why Didn’t They Teach Me This in School?
This book aimed at high school going students which is written by Cary Siegel is considered as a great book. This book is for the teen of any age group who has an interest in learning the overall principle of financial health. Instead of giving the thoughts on basic low budgeting finance it majorly provides the specific ideas on life planning skills which acts a contribution to a person’s financial outcomes.
So above mention is the best books based on financial learning, students of schools In Gurgaon must read and enhance their knowledge to lead a better life.