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?