Product Details

• Amazon Sales Rank: #17917 in Books
• Published on: 2008-12-17
• Original language: English
• Binding: Paperback
• 100 pages

Customer Reviews

Great for teaching children money responsibility
When I worked as a financial planner, several of my clients who were teachers asked me to "discuss money" with their 5th and 6th grade classes. Each child received a book, we chatted an hour and that was intended to be the end of it. HAH! It turned into a weekly meeting, the kids began "investing" with monopoly money .. they began reading the financial section of newspapers to "follow their stocks", the real estate section to follow the market on property they "bought" .. by the end of the year they were all asking parents for a share of stock instead of guns and dolls for holiday gifts; they bought savings bonds with gift money; they got part time jobs to add to their treasure chests .. it was AMAZING!

Thirty years later, I'm semi-retired, a number of the children from "my classes" have become very secure to wealthy, and their overall life path has been very stable .. from choosing life mates who shared their views of financial self-determination, to remembering to enjoy the lives they were building.

My children have been raised the same way and my grandchildren look forward to the day they're old enough to receive their own copy of this book. I've found "old enough" to vary according to the individual child -Wesley Woo Woo was an early bloomer and insisted it be read TO him when he was only 5. He makes "money chooses" according to whether he wants something or really NEEDS it (some of his self discussions are hilarious) and he's making some very good choices.

Personal finance 101
Our society is so obsessed with rich people, but we only pay attention to their expensive mansions, cars, and lifestyles. But few of us notice how these people got there. Their expensive possessions are the end result. So, what do we do? We borrow and spend to accumulate possessions so that we can be seen as wealthy. If you truly want to know how to build wealth, read this book first.

I absolutely loved it. I have read many books on personal finance, but this one gets the point across really well. The author teaches financial lessons through short stories. The main ideas behind this book are paying yourself the first 10% of your paycheck, spending less than you earn, and letting your money work for you. This is such a simple concept, but at the same time extremely hard for people to execute. Since this book was first written in 1929, I have to warn readers that it is written in old English so it might be a tough read for some people.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

The one book everyone on earth should read...
This book should be mandatory reading for everyone on earth...it teaches such simple, basic, effective personal finance strategies through an easy-to-read, easy-to-understand story. I recommend it to every first-time investor I encounter.

Michael T. Hanley, CPA is the Managing Partner of the Smithtown, NY CPA Firm, Merl & Hanley, LLP and the author of Effective Tax Planning for the MicroBusiness: 30 Minutes With...A Certified Public Accountant: Effective Tax Planning for the MicroBusiness