A. Based on this past weekend's Washington Post "The Color of Money" column, the following books are recommended as good holiday gifts. Here are the excerpts:
Oldies but goodies:
- “The Richest Man in Babylon” by George S. Clason;
- “Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence,” by Vicki Robin and Joe Dominguez with Monique Tilford;
- “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” by Thomas J. Stanley and William D. Danko.
Books to help raise financially savvy kids:
- “O.M.G. Official Money Guide For Teenagers” By Susan P. Beacham and Michael L. Beacham;
- “Raising Money Smart Kids: What They Need to Know About Money — And How to Tell Them” By Janet Bodnar;
- “The Giving Book” by Ellen Sabin.
Books on retirement/aging parents:
- “The Couple’s Retirement Puzzle: 10 Must-Have Conversations for Creating an Amazing New Life Together” by Roberta K. Taylor and Dorian Mintzer;
- “How to Retire Happy: The 12 Most Important Decisions You Must Make Before You Retire” by Stan Hinden;
- “The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions” by Carrie Schwab-Pomerantz with Joanne Cuthbertson;
- “They’re Your Parents, Too!: How Siblings Can Survive Their Parents’ Aging Without Driving Each Other Crazy” by Francine Russo.
Color of Money Book Club favorites:
- “Say Goodbye to Survival Mode: 9 Simple Strategies to Stress Less, Sleep More, and Restore Your Passion for Life” by Crystal Paine;
- “The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life” by Kimberly Palmer;
- “Confessions of a Credit Junkie: Everything You Need to Know to Avoid the Mistakes I Made” by Beverly Harzog;
- “Happy Money: The Science of Happier Spending” by Elizabeth Dunn and Michael Norton.
Your gift of financial knowledge may not be greeted with glee, but I hope the people who receive the books will realize that the advice and wisdom are priceless.