<p>Any resources you think were/are invaluable to young adults
(1) Starting College Life or
(2) Starting their New Careers?</p>
<p>Please share them here–books, other resources & advice so that our kids can benefit from your wealth of knowledge.</p>
<p>I’ll start–one that S got from one of my friends was “What Do You Say to a Naked Room Mate?” when S was a senior. It was cute & had some things to talk/think about as S headed toward college & dorming/apt life.</p>
<p>Have read that the “Frugal Millionaire” is a good reference–haven’t seen it yet but am intrigued and will be checking it out at our local library. Will also be asking our local Schwab agent for helpful tips to give S as he embarks on his new career. We did complete a power of attorney doc, allowing me to execute docs on his behalf.</p>
<p>I think they should listen to at 2-4 hours of Dave Ramsey’s radio show. The people who call in with “only” $25,000 of credit card debt wondering if they can afford to finance a new car. I listen driving to pick up DS2 from soccer. He is often greeted by a lecture on the evils of interest and buying on credit. I’m sure he wishes I’d just listen to music :-).</p>
<p>I feel like the best thing I ever got from my grandparents (who raised me) was…“practice what you preach”. My grandpappy refused to buy on credit and thosat rule has stuck with me. Besides our mortgage, we are debt free and it is only because of having those wonderful role models that I have insisted we give ourselves that gift. We may drive our vehicles a few more years than others, but we sleep well at night.</p>
<p>Agree regarding Dave Ramsey. I just ordered Suze Ormans new book to read thinking of sending to DS who is a fairly new college graduate. Apparently she talks about reinventing the American dream and living below rather than within your means. I am not a Suze groupie but it sounded good for a recent grad.</p>
<p>Just finished a book, “The Cheapskate Next Door,” and found it described well a lot of very happy and fiscally sound people we know well. Many of us are debt free, like you, faithfirst2226. Good role models help us sleep well at night. Did borrow a ton of different financial books yesterday, tho didn’t see the Tobias one. Will check it out at the bookstore & see if I can find it at the library.</p>
<p>Don’t know if they’ll help her, or if she’ll even read them, but I bought Suze Orman’s “Women & Money” and “Young, Fabulous and Broke” as graduation presents for my d, graduating in May. (I also bought a copy of “Women & Money” for myself, from the going-out-of-business Borders near me!)</p>
<p>D also grew up with the “no debt” philosophy. We have only our mortgage, and we did have our student loans to pay back - she’ll have a few of them as well. But we never pay interest on our credit cards, buy all our cars with cash (and keep them until they run into the ground - D is driving a 2001 Subaru), and have no other debt.</p>