Graduation Gift

Ok, so you're going to a graduation party and you need a gift. One thing you can count on is that the graduate is financially illiterate. Schools don't teach financial literacy. You may be financially illiterate as well. Or, in fact, you may have a slew of suggestions for the graduate on the financial literacy front. Forget about them and instead consider giving a book that explains systematically, in detail, what they need to know.

I know...they are graduating and the last last thing they think they need is something to read. Emphasize, when you get to talk to them on the side, that this is important reading...perhaps significantly more important than the stuf they crammed in to take their final exams.

The books can be read in one or two weekends, they are very well written and they will make a huge difference in avoiding lining brokers' pockets and getting on the path to a nice retirement. In fact, the books show that it is not that difficult to lead one's last third of life in really nice style.

Here are the books:

• Millionaire Teacher by Andrew Hallam. Now in its 2nd edition this book illustrates clearly how to successfully invest over the longer term. It details Hallam's journey and how he on a relatively modest salary achieved millionaire status at a young age, and now travels the world leading a very envious life style. To be clear the journey he describes can easily be duplicated by following the basic principles he outlines. Full disclosure: I am mentioned very brirfly in the book.
• I Will Teach You to be Rich by Ramit Seth. This book details the steps young people need to take to set up their finances and navigate the work world. 

Both Hallam and Sethi have excellent blogs:

https://andrewhallam.com

http://www.iwillteachyoutoberich.com/blog/

Spending a couple of weekends reading these books could easily make a six figure difference in the size of one's nest egg at retirement.