Product Description

This book takes a very simple concept on investing and helps explain it in a story about two children. It is intended for children and teenagers aged 10 - 16, but also is a book that adults, who have not started investing, can use to easily understand concepts about investing. The basic premise of the book is that a child investing only ten dollars a month in mutual funds can create wealth of about a million dollars over their lifetime, due to the length of time the money is invested. Thus, only $6,000 may turn into a million dollars if certain kinds of investments are chosen. The book is intended as an educational source for both children and adults. Children and adults can learn that if they start investing early and regularly they can create significant wealth over their lifetimes. If children learn this lesson early they will develop good money habits and be investors throughout their lifetime. This book would be a great gift to a child to help them start to learn how to invest, which will be something that will stay with them for the rest of their lives and hopefully help them be financially independent.

The boy in the story is a child with an attitude. He loves ice cream, watching 'Star Trek' and basketball, and watching his money grow. The story talks about why and how to invest in mutual funds, but also leaves the message that there are many more important things in life besides money.

Product Details

• Amazon Sales Rank: #532940 in Books
• Published on: 2000-12-06
• Released on: 2006-07-06
• Format: Illustrated
• Number of items: 1
• Binding: Paperback
• 45 pages

About the Author
Both the author and illustrator were born in Vancouver, Canada and presently reside in Victoria, Canada with their two children, Griffin and Janna, and their dog Caly (Calypso). The author is an ecologist, who has described and mapped ecosystems throughout British Columbia, and in particular in grasslands and dry forest communities. He has also been a soccer coach for over 10 years. He wrote the book when he realized that most books on children's finance are written for parents to help teach their children, but that there are very few books written for children to read, to help them learn investing concepts. The author was inspired by the simple concept of David Chilton's book "The Wealthy Barber", which used an easy-to-read story to explain money and investing to the many adults who have read his book. The other inspiration was a short column that talked about the concept of investing $10 a month to create one million dollars over a lifetime, written by a person who is now one of the author and illustrator's financial advisors, David Webb, of Fernhill Financial Corp., in Victoria. The illustrator, who was trained as a biologist, is presently a homemaker and volunteer worker, who has enjoyed sketching since she was a child. This is their first published book. Both the author and illustrator were fortunate enough to start investing with Rolfe McEwan of Investors Group in Kelowna, British Columbia, before getting married.

Customer Reviews

A Great Start
There have been many books, pamphlets, brochures and people try to convince of the value of buying RRSP's. However, this book is the first to lay it out in an understandable and fun way .... and this is now my first year for buying RRSP's.

It was a great Christmas present to receive!

Thanks to the authours!

We really liked this book!
We are sisters, 9 and 11 years old. Mom and Dad have always tried to get us to save money but we weren't very good at it. Mom gave us this book for Christmas and we really liked it. It makes sense and tells us why and how to save money in a way that we can understand. Thank you Ted and Lora Lea for a cool book.