Explaining the language of finance and the skill of investing, this guide gives kids an early start at making their money grow. The book explains the general concept of money and demonstrates how saving works based on the concepts of simple and compound interest. Children then learn where Wall Street is located, what stocks and bonds do, and, with the help of an adult, the right way to buy or sell a stock, mutual fund, or savings bond. Dozens of projects illustrate how to balance a checkbook, read a stock table, and understand common financial terms such as inflation, recession, and the Federal Reserve Board. This updated edition details the current financial environment, including what is meant by a global economy, economic clues for recovery, and a special section on what mortgages are and how they work. Updated resources for further information online are also included.
All about money : what is it, and where does it come from? -- All about saving : how time and a little math can make you rich -- All about investing : how to make money make more money -- All about the market : what is the market, and where is Wall Street? -- All about stock tables : how to read them for fun and money -- All about the economy : why Nikes cost more when it floods in China -- All about stock picking : what your toothpaste tells you -- All about all of the above : and where to go for more.