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Looking for a book
Posted on 10/30/24 at 9:31 pm
Posted on 10/30/24 at 9:31 pm
We have only 1 grandchild so wife & I like to send him things. He is 13 years old, doing good in school and starting to see how the world operates. If we send him money we tell him he has to put 1/2 in the bank and can do with the rest what he wants.
Are there any financial books geared towards kids that age explaining banking, savings, investing, compound interest etc?
Are there any financial books geared towards kids that age explaining banking, savings, investing, compound interest etc?
8
Posted on 10/30/24 at 10:30 pm to dblwall
I'd do the books, I wouldn't just send cash.
Millionaire Next Door is a good read.
Millionaire Next Door is a good read.
Posted on 10/31/24 at 5:46 am to dblwall
Wait a few years but A Simple Path To Wealth is a good read that a teen can read
Posted on 10/31/24 at 7:06 am to dblwall
The Richest Man in Babylon
Easily the best kid friendly money book
Easily the best kid friendly money book
Posted on 10/31/24 at 7:28 am to dblwall
The Automatic Millionaire
Posted on 10/31/24 at 7:34 am to dblwall
quote:I’d make sure to equally expose him to how that traditional paradigm is failing. Skate to where the puck is going instead of where it’s been sort of mentality.
Are there any financial books geared towards kids that age explaining banking, savings, investing, compound interest etc?
This post was edited on 10/31/24 at 7:57 am
Posted on 10/31/24 at 8:21 am to dblwall
How to make money in stocks by William O’Neil.
If he reads it now, in 5 years or so sitting on his subconscious… sky is the limit.
If he reads it now, in 5 years or so sitting on his subconscious… sky is the limit.
Posted on 10/31/24 at 3:03 pm to dblwall
Buy him a share of a stock or ETF. I did this for our 15 and 11 year old and they ended up looking things up online. We did VGT and NVDA
This post was edited on 11/1/24 at 5:37 am
Posted on 10/31/24 at 3:20 pm to dblwall
Dave Ramsey has books for youth. I know this board may take some issues with his finer points, but my school had me read it in high school and it left an impression.
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