5 money books every teen should read

"Prevention is better than cure." – British Proverb

If you are a parent who has made financial mistakes (and who hasn't) you likely want to ensure that your children do not repeat the same mistakes you made.

Our teens may not have money on the brain — unless it's to spend it — but it is our job as their parents to make sure the first time they start seriously thinking about money is not after they messed up with it.

Fortunately, there is an abundance of resources to help spark and continue financial conversations with our children and teens. These money books are must-reads for every teen.

1. Rich Dad Poor Dad by Robert T. Kiyosaki

This classic will expose your teen to the necessity of being financially literate and entrepreneurship-minded — regardless of their intended career path. Rich Dad Poor Dad details the two very different financial paths the author was encouraged to take by his formally-educated but poor dad and his street-educated but wealthy mentor. The beginning of this book will also hold the attention of your younger ones!
Buy Rich Dad Poor Dad

2. The Richest Man in Babylon by George S. Clason

Through the use of parables, this classic dispenses invaluable financial wisdom that your teen will carry into adulthood. The Richest Man in Babylon will expose your teen to the simple, but tried-and-true principles necessary for a secure financial future.
Buy The Richest Man in Babylon

3. Smart Money Smart Kids by Dave Ramsey and Rachel Cruze

This book covers raising financially prepared children from the toddler years to the teen years. While Smart Money Smart Kids is written for parents, the chapters dealing specifically with the teen years will teach your child how to budget and handle emergencies — teen emergencies! This book will set a firm financial foundation for your teen.
Smart Money Smart Kids

4. Debt-Free U by Zac Bissonnette

A must read for any college-bound teen. Debt-Free U challenges the norms we have come to accept regarding financing a college education and details what your teen can do if college funding isn't in the bag. Even if it is, reading this book will help your child appreciate it. Bissonnette also gives some helpful advice on what your teen can do once they graduate college to start off their adult life on solid financial footing.
Buy Debt-Free U

5. The Millionaire Next Door by Thomas J. Stanley and William D. Danko

Does your teen think all millionaires drive luxury cars and go on weekend shopping sprees? Maybe you do too! The Millionaire Next Door sheds light on those myths and shows us the seven traits most millionaires have in common. Let your teen learn how the truly wealthy really live.
Buy The Millionaire Next Door

Your teen may not be thrilled by the thought of reading books about money, but getting one or all of these money books in their hands will definitely expose them to money principles and education many of us have learned the hard way. They'll thank you later!

The post 5 money books every teen should read appeared first on Hope + Cents

RELATED: How to improve your finances using social media

How to improve your finances using social media
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How to improve your finances using social media
"Friend" Your Credit Cards and Bank

Add your credit card issuers and bank to your social media accounts by "friending" or following them. Large institutions usually offer deals to followers, so you can enjoy a lower APR, higher savings interest rate, or other money-saving promos. In fact, according to U.S. News, social media is often the first outlet that banks choose to share news about upcoming deals.

Social media is also possibly the best way to get in touch with customer service quickly, as it will allow you to get their attention more easily. Just make sure to keep your account information, address, and any other private information off the message boards and social media pages.

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Enjoy Travel and Shopping Deals

There are endless travel and shopping deals available through social media. Retailers often choose social media as the first outlet to announce upcoming sales, so their friends and followers are able to take advantage of the biggest discounts first. Followers are frequently offered early deals, as well.

You can find Twitter-specific deals that can save you on everything from rental cars and vacations to eating out and even buying gifts. Before going out to make any purchases, check Facebook, Twitter, Instagram, and Pinterest to make sure there aren't any deals that you're missing. You can even check social media hashtags, such as #deal, to find the best deals in your area.

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Share Goals

Many financial experts recommend sharing your financial goals online. By setting your goals early and sharing them with the people you love, it can help you articulate what you really want and hold you accountable to achieve your goals. In fact, research has shown that making public statements about goals can help you achieve them more efficiently. However, you never want to reveal anything too personal, such as private information that fraudsters can use against you.

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Get Money-Saving Tips

By following your favorite finance site on social media, you can find endless free money-saving tips and updates. You can also find forums and group discussions with unique money-saving ideas and encouragement from others. You can even find good financial and investment advice online.

Seeing these tips on a daily basis on your social media pages can also be a good reminder each and every day to protect your hard-earned income. After all, we all need a reminder once in a while that we don't really need that new top or expensive latte in the morning.

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Find a New Job

LinkedIn can be an invaluable tool when you're searching for a new job. You can apply for jobs directly through LinkedIn, perfect your resume, and even reach out to potential employers and former colleagues. Contacting them through Facebook or Twitter won't be as effective or as professional as contacting them through LinkedIn.

With LinkedIn, once you have created a professional profile, employers and recruiters can even reach out to you with potential job offers. You can also join LinkedIn groups within your field so you are the first to know about potential opportunities. You can even add examples of your work, recommendations from current or previous coworkers, and any honors you've received to better build your online portfolio.

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Make Connections

Networking through social media can result in better face-to-face communication, potential job offers, and endless contacts in your field. Simply following someone or sharing their social media posts can be a great first step in networking and making connections.

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Build Your Brand

Whether you're promoting your personal business or services, or just want to build your reputation as the best in your field, posting on social media can be a great start. Just make sure to stay consistent so that you can reach as many followers as possible.

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Research More Efficiently

Gone are the days of asking for financial suggestions from friends and coworkers. Whether you're looking for a new financial planner or would like information on which investments to make, you can find more information quickly through social media. With a simple social media search, you can find detailed research on the investment product or financial adviser you're interested in.

You can also find suggestions for dentists and other service providers in your area through social media. This will ensure you get what you're looking for and don't waste money.

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Sell Your Items

If you create and sell items privately, such as through Etsy, social media can be a great free platform for you to advertise your products or services. This can help you bring in more revenue, reach new customers, and show off your work to a limitless audience.

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Make Some Extra Income

There are even ways to make some extra income using social media. If you have a large following, you can publish sponsored tweets or sign up for affiliate accounts, where you will receive your own unique link to earn some extra income when followers make purchases using that link. (See also: 6 Ways to Make Extra Money Using Social Media)

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