Explaining the language of finance and the skill of investing, this guide gives kids an early start at making their money grow. The book explains the general concept of money and demonstrates how saving works based on the concepts of simple and compound interest. Children then learn where Wall Street is located, what stocks and bonds do, and, with the help of an adult, the right way to buy or sell a stock, mutual fund, or savings bond. Dozens of projects illustrate how to balance a checkbook, read a stock table, and understand common financial terms such as inflation, recession, and the Federal Reserve Board. This updated edition details the current financial environment, including what is meant by a global economy, economic clues for recovery, and a special section on what mortgages are and how they work. Updated resources for further information online are also included.
Katherine Bateman received an M.A. and Ph.D. at the University of Michigan, Ann Arbor, and has taught art history at Berea College in Kentucky and at The School of the Art Institute of Chicago. Author of The Young Investor, she had a second career as a municipal bond analyst and as financial advisor for the Illinois Educational Facilities Authority. She was born in Ashland, Kentucky and now resides in Illinois."
Well written in language a youngster could understand to teach about money sense. This book might be best used working with an adult. Unless a child is a real self-starter, it could be too challenging to follow.
Some very good, basic info. Slightly outdated...LOTS has changed since 2001 in the economic world of our United States. As the book is written for ages 9 and up, some of the examples are very youth-oriented, but the information is sound.
A good introduction to finance and economics for young and old alike
This book is well written and quick and easy to read. It provides basic information for anyone starting out in the world of investing. Reading this book will inspire you to want to learn more.