Anxious about preparing your teenager for college and beyond? If so, know you’re not alone. I have two great books that can provide your child a roadmap (or at least a few tips!) to achieve financial success. The books I recommend all kids get their hands on are:
(1) The Richest Man in Babylon by George S. Clason; and,
(2) There is Life After College by Jeffrey S. Selingo.
Although first published over 90 years ago, The Richest Man in Babylon offers brilliant, time-tested financial advice on saving and investing that remains relevant to new generations of readers. The financial advice provided in this short book (less than 200 pages) is distributed through a series of parables set in ancient Babylon. This book is a must read for all teenagers about to embark on college, the beginning of their careers and the years beyond.
I would also consider the second book on my list, There is Life After College, to be a must read for all college-bound students. This book provides a blueprint for those hoping to get the most out of college. The tips, advice and insight will help students, regardless of their major/degree, obtain real and meaningful employment following graduation. I was so impressed with the advice dispensed in this book that, upon my completion, I immediately gave it to my oldest son, Ethan, to read. Ethan is still a couple of years away from college, but I believe the advice contained in this book will be invaluable to him as he navigates his way through college and into the beginning of his career and adult life.
If you would like to discuss any of the issues/points raised in these books, please do not hesitate to reach out to me. Best of luck to you and your children!
Louis Shaff, CFO
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