Money Doesn’t Grow on Trees, it Grows from Compound Interest
Smart parents know doors are destined to open for informed, educated people in today’s society. In fact, a child’s literacy rate from an early age is a great indicator of their future potential. So if reading, in general, can do wonders for your child’s future, imagine what reading about money matters can do for their financial future!
Yes, the age old nugget of wisdom “knowledge is power” applies to financial knowledge too… in a major way! After all, how many times have you heard an adult say “if I only knew what I know now when I was younger,” when referring to important matters like saving for retirement? To avoid hearing this phrase from your children when they’re older, you’ll have to teach them what Harry Potter and the gang from the Hunger Games can’t— and in order to that, you will have to get them the right books!
Here are a few:
The Young Investor: Projects and Activities for Making Your Money Grow by Katherine R. Bateman.
Here, very adult concepts like the circulation of wealth, bank accounts, savings vehicles, and compound interest are adeptly explained to an audience 9 years of age and older. It also covers broader topics such as risk-tolerance, stock reports, and macroeconomics. The title and narration style will make your little one think that the author is talking directly to them; better yet, it will get them excited about money matters. Grades 6-9
How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan S. Roth.
What better way for an 8 year-old to learn about investing than from his dad, a seasoned financial planner? That’s the context of this book, which promises “straightforward strategies from a successful young investor (Amazon).”
How to Turn $100 into $1,000,000: Earn! Save! Invest! by James McKenna
With a title like that, what kid’s interest wouldn’t be piqued? This book is a comprehensive guide designed to teach younger readers the basics of earning, saving, spending, and investing money. It abounds in lively illustrations and a great humor-to-info balance. Grades 4-8
The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed of by David and Tom Gardner
This excellent guide from a duo which Fortune magazine called “fun, smart, and opinionated” is geared toward money-savvy teens. Its premise provides intrigue from the outset, as everyone would like to give their parents a run for their money, when it comes to achieving great things. This one lights the flame of ambition within young hearts! Grades 9-12
Growing Money: A Complete Investing Guide for Kids by Gail Karlitz and Debbie Honig.
This book underscores the importance of investing through easily accessible anecdotes featuring companies kids are familiar with, like Kellogg’s and Coca-Cola. Grades 3-7
Books for Kids, HomeUnion for Adults
HomeUnion’s streamlined process makes investing in real estate less intimidating for real estate investing beginners and more manageable for all. From identifying sound investment opportunities, to handling the full management of your properties, we take care of the entire process. Give us a call today at 888-276-0232 to start your real estate investing journey.