Planning For a Graduate’s Future

Gentle Readers,

A family member is graduating from high school and intends to move out of his home immediately. I’ve racked my brain to come up with a suitable present for my hopes for him.

Naturally, I got him a bunch of personal finance books.

Everybody’s favorite, “The Millionaire Next Door,” because I want him to have honest examples that frugality, and choosing businesses and careers wisely will make his life different than he is accustomed to. Stealth wealth is a phrase I want in his heart. I know that he is exceptionally kind, and I want him to put on his own mask first.

Less popular among people pursuing financial freedom, but a useful framework that may appeal to him, “The Money Book for the Young, Fabulous & Broke.” I want something to reach him, and this may be the most accessible at this point in his life.

The one I’m least sure of, because I have not yet read it myself, “I Will Teach You To Be Rich.” So many people recommend it; many people whom I respect. I wish I had more time to read it, but there is only so many hours in the week.

Lastly, the most esoteric one, that just may be precisely what he could use as a life framework, “Early Retirement Extreme.” Walden knew what he was doing, and this could give my relative all the ideas he needs. I want him to grow in skills especially, but still focus on being a good person.

I chose a variety of books in the hopes that one would appeal and sink in enough to keep him on track. He’s made excellent decisions so far, but his nearby influences are not the example I want for him.

I think that traditional education is not the best current route for him. I’d love to see him gain some more skills and perhaps start a business. I also think he has what it takes and the time to learn how to buy fixer-uppers and make them lovely places to live. Real estate is still not my favorite, but I think it would work well with his personality and current and future skill-set.

What do wish you had read at 18?

Author: ZJ Thorne

Lesbian on the path to Financial Freedom

  • Great picks! The one book I wish I read when I was younger is “Your Money or Your Life” by Vicki Robin and Joe Dominguez. If you haven’t read it yet, I highly recommend it! I gave a copy of this to my nephew who just graduated from college. I do hope he actually reads it! 😃

    • I think I read YMOYL a few years ago, but it is probably worth a trip to the library.

      I hope he reads at least one of the books, and that he gets one nugget of wisdom from it.

  • Mrs. Groovy

    David Bach books are very easy reads yet full of information (of course they weren’t around when I was 18). But the Automatic Millionaire is perfect for a young person because in it, Bach drives home the little habits that can make you rich. He also lays out the power of compound interest. Someone at a young age who starts socking even a little bit of money away would be so ahead of the game.

    • I had never heard of him. I’ll definitely get that from the library. Thank you.

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  • Ugh – I wish I had read just one of these at 18, instead of blowing all my waitressing money on clothing from Express, cigarettes, and drinks at bars.
    At least my kids will receive a good financial education :/

    • Me too. Me too. At least we can make better examples now.