Summer’s here and that means graduation time! Graduation from high school or college is a time of excitement and possibility. For many grads, it’s also a time of uncertainty.
One area of uncertainty is money. Christian parents, mentors, and friends want to equip the next generation to steward their money wisely from day one.
Whether they’re heading off to college, taking a gap year, or stepping into the workforce, the financial decisions they make now can impact their present and future. That’s why giving a book filled with biblical wisdom and/or practical money advice can be one of the most impactful gifts they receive.
Below is a handpicked list of financial books our team recommends:
Simple Money: A No-Nonsense Guide to Personal Finance by Tim Maurer
Best for: Any grad who needs an all-around manual for money and career
This is an excellent all-in-one guide for life, career, and financial planning. Maurer’s book centers around “planning” for: life, today, the inevitable, the unexpected, and action. It covers all the important financial topics such as budgeting, debt, insurance, and investing but also speaks to identifying your goals and values and finding life-giving work.
The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover by Thomas J. Stanley Ph.D. and Sarah Stanley Fallaw Ph.D
Best for: Any grad who could benefit from data-backed facts on what makes people financially successful
An update to an absolute classic in financial wisdom and behavioral finances. The father-daughter team of authors explores the practices and behaviors of actual millionaires to discover what made them successful. The answers are surprising but simple and can help any new grad get on the right track for the long-run.
God and Money: How We Discovered True Riches at Harvard Business School by John Cortines and Gregory Baumer
Best for: Financially savvy grad to deepen their thinking about finances
This is a great book to challenge the conventional American wisdom about the purpose of money. This would be a good book for a grad who is already financially smart but who could benefit from aligning their vision of money management with the Bible. The authors are Harvard MBA grads who discovered a different purpose for wealth and success.
The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel
Best for: The grad who’s already read a bunch of financial books but struggles with making good choices
Housel’s book is a financial classic with a twist. This book delves into why financial knowledge doesn’t always lead to financial success and how our thoughts and behaviors about our finances are a major contributor to good and bad decisions.
Every Good Endeavor: Connecting Your Work to God’s Work Paperback by Timothy Keller
Best for: The grad who is entering the workforce
Though not a financial book, Every Good Endeavor is a wonderful book exploring the implications of integrating our faith with our work and how we can approach our work with purpose and diligence to bring honor to Christ.
Hopefully these books provide some gift-giving inspiration. Remember that one of the best gifts you can give is your support, encouragement, and friendly mentorship. Starting college or starting in the workforce is exciting but can also be daunting, having someone in their corner is a wonderful gift every grad will appreciate.
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