The Money Book For The Young, Fabulous, and Broke is an attempt by Suze Orman to take personal finance ideas that traditionally appeal to older generations and make them palatable to Generation Y. The back states clearly that this isn’t your parents’ personal finance book, but is there anything really interesting or different about the book that makes it stand out from the crowd? This week, let’s find out!
Suze Orman has found her target niche. In other words, this book is the book to buy if you’re a young person (within two or three years of college graduation on either side) struggling with lots of financial questions. I’ve read tons of personal finance books in the last year and I’ll freely admit that some were better than this one, but none address the issues and questions of a specific age group as good as this one.
In fact, I’m going to go so far as to say that I’m already planning on giving this as a graduation gift to two relatives who are approaching their college graduation.
If you’re older than about twenty eight or thirty, there are other books that are much better written that address financial issues from a whole-life perspective rather than focusing in like a laser beam on the college graduate group; try Your Money Or Your Life or The Millionaire Next Door for starters. However, if you’re looking for a graduation gift for a college graduate (or are near college graduation yourself), this book is really worthwhile.
If you’re between the ages of twenty and twenty nine, I give this one a strong buy (or at least a strong “check this out from your local library”).
The Money Book For The Young, Fabulous, And Broke is the sixteenth of fifty-two books in The Simple Dollar’s series 52 Personal Finance Books in 52 Weeks.