Investing for Kids: How to Save, Invest, and Grow Money by Dylin Redling and Allison Tom
Nobody taught me about money as a kid. Neither my parents nor my teachers. This is the book I wish I’d had when I was 10 years old.
As a father of two, I found this book surprisingly useful for teaching my 9-year-old son about financial literacy.
The book is designed for children aged 8 to 12, and it covers essential information about stocks and bonds, how to invest in them, and how they can help build wealth. It also explores modern investing techniques like impact investing and digital trading, and looks at the concepts of “risk” and "reward," as well as how to diversify your portfolio and make your money grow.
These are all relatively complex topics, and fairly dry to say the least, but they're made surprisingly palatable with the help of two characters called "Mr. Finance" and "Investing Woman," who guide parent and child through the different ideas.
I also liked the fact that the book introduces famous investors and historical events, and it promotes accountability and positive ethics in the accumulation of wealth.
Overall, Investing for Kids: How to Save, Invest, and Grow Money is a fun introduction to investing for children. It not only teaches them about money but also instills in them the value of financial planning and investing at an early age.
As a father, I would highly recommend this book to other parents who want to give their children a head start in understanding finance.
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