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Reading list: What children should read – the best educational books about money and economics (March 2022)

Most likely, you will not deny that today’s children are very different from previous generations. From their parents and, even more so, grandparents. They are mobile, developed, master technological innovations with ease, shoot their own blogs and streams, and, most importantly, are obsessed with the desire to get rich.

Many of them conquer social media platforms such as YouTube or TikTok and even support the whole family, others try to monetize their own creativity on their own, already in their teens. All they often lack is understanding, support, and quite a bit of theory. The advice of people who are recognized experts in the field of finance, have themselves achieved incredible success and are ready to share their own experience with others.

What children should read
Reading list: What children should read - the best educational books about money and economics (March 2022) 5

The transition between carefree childhood and adulthood, called adolescence, is one of the most dynamic and vibrant periods in the life of any person. The pulsating energy of adolescence pushes teenagers to reach the first heights and receive the first life lessons. School, friends, and hobbies undoubtedly occupy an important place in the life of every teenager, but this is not a reason to forget that additional education is one of the most important aspects of life.

Children during this period, due to their age, do not always properly manage the available finances and do not fully understand how difficult it is to get money. It is very important to pay close attention to teaching financial literacy during this period, and then your teenager will enter adulthood with a base of useful knowledge that will be useful to him throughout the journey.

So how to explain to a child what the economy is and how the world of finance works? The task is not easy, but it can be made easier if you find the right book. In case you do not waste time searching, we have prepared a selection of literature that will help young readers and their parents understand key financial issues.

Financial literacy is the knowledge and skills that help you manage money properly. It is worth instilling them from an early age when children have their first pocket money. This forms a healthy attitude towards finances and helps to avoid problems in adulthood. In this article, we will look at the best literary publications that will help your teenager navigate the confusing world of finance.

“A Dog called Money” by Bodo Schäfer. Find it here.

Little Kira always dreamed of a dog. And one day her wish came true: near the house, the girl found a wounded Labrador puppy, which she immediately took with her and began to care for him. The dog turned out to be not only a caring and affectionate friend but also a financial genius.

Mani, that’s what the girl called the puppy, was incredibly smart and, as it turned out, knew how to talk! From now on, he taught Kira how to save and manage money wisely, gave important advice and tips, and also told many interesting stories about how you can easily save up for your dream. Do you want to hear them? Then open the book and meet a puppy named Mani.

“Kira became rich at age 12” by Bodo Schäfer. See it here on Amazon.

If you enthusiastically read the story about the friendship of a girl and her smart dog, Bodo Schaefer suggests not to stop there and continue to get acquainted with this cheerful couple, and at the same time with the world of money. The second part of the story is designed in the form of a comic book, so even the smallest readers will like it.

So, Kira has already learned a lot about money and now she really wants to earn it. She tries various types of part-time jobs and records her successes in the Diary of achievements. All this time, Money helps the girl and tells what needs to be done in order to get rich, how to set yourself up for success, how to visualize your desires, etc.

What children should read
Reading list: What children should read - the best educational books about money and economics (March 2022) 6

“Rich Dad Poor Dad” by Robert Kiyosaki. Buy it here.

A bestseller from an American investor, entrepreneur, millionaire, and author of several of the world’s most popular investment guides. This time, Robert Kiyosaki directed all his efforts to help teenagers navigate financial issues. In his book, he debunks numerous myths about IQ, education, thinking, and attitudes in upbringing, which in adulthood only prevent children from being realized in the field of economics and entrepreneurship. And also tells how to learn how to manage your own company instead of being hired. One of the most exciting books for teenagers is a must-have in the home library.

“The Richest Man in Babylon” by George Samuel Clason. Available here.

George Clason’s book has sold over 2 million copies and has been translated into 26 languages. Although it is aimed at a general audience, its simple narrative language makes it easy for children to read. “The Richest Man in Babylon” consists of 10 stories set in one of the most ancient civilizations – the historical cradle of the world of finance. Using the characters of the book as an example, the author demonstrates simple ways to solve complex financial problems, for example: how to get rid of debt, learn how to save, control your spending, insure life, invest in real estate and, in general, follow the path of steady prosperity.

“How to Turn $100 into $1,000,000: Earn! Save! Invest!” by James McKenna. Buy it here.

James McKenna is the author of an educational project for children, an application of the same name and a popular series. He wrote a simple book that will help the guys make friends with money and never part with it. Until their number reaches one million. The book is well structured, divided into bright sections, supplemented with drawings, diagrams, illustrations. It covers a huge amount of information, starting with the motivation for starting the first savings, ending with the business plan of your own company.

This is a complete guide for kids about money: earning, saving, and investing.

If you wanna be a millionaire or move the business off the ground or save some money to buy a new bike than keep on reading this book. All it takes is to understand and put into practice a few simple strategies and concepts about money:

  • Do it: Learn all about how to get your first job, or better yet, start your own business.
  • Save it: Usually, millionaires are people who have million dollars on their bank accounts, but not those people who spend that much.
  • Develop it: invest and use the most powerful force in the financial universe – compound interest.

The next thing you know, you are a real financial genius on your way to your first million. Now go! A comprehensive introduction to finance from the people behind BizKid$, How to Turn $100 Into $1 Million includes chapters on setting financial goals, budgeting, getting a job, starting a business, and investing wisely, as well as how to think like millionaire. A page of business plan template, two pages of plan to become a millionaire, and a personal budget tracker – this is what you need.

What children should read
Reading list: What children should read - the best educational books about money and economics (March 2022) 7

“Economix: How Our Economy Works” by Michael Goodwin. Available here.

Everyone talks about the economy, but how are we humans supposed to know what Wall Street or Washington know—or say what they know? Read Economics.

With clear, witty writing and whimsical, accessible art, this important and timely graphic novel turns the “dark science” of economics into a fun, fact-filled tale of human nature and our attempts to make the most of what we have, and sometimes what our neighbors have.

Economix explains everything from the dawn of Western economic thought to free markets, economic failures, successes, limitations and future opportunities. It is an essential and accessible guide to understanding economics and economic practice.

“Your Money or Your Life” by Vicki Robin. See it here.

For more than twenty-five years, Your Money or Your Life has been considered a reference book that will help you reclaim your life by changing the way you think about money. Many people have followed this 9-step program, which helps to learn to live more consciously under the guidance of the book author – Vicki Robin.

With a foreword by The Humble Guru (New Yorker) Mr. Money Mustache, this completely revised and updated edition is the ultimate transformation of this classic bestseller, ensuring that its time-honored wisdom applies to people of all ages and covers modern topics such as investing in index funds, managing income streams like part-time jobs and freelancing, keeping track of your finances online, and having difficult conversations about money.

Whether you are just starting your financial life or approaching retirement age, this book will show you how to:

• Get rid of debt and develop savings

• Save money through mindfulness and good habits, not strict budgeting.

• Get your life in order and live well for less money

• Invest your savings and start creating wealth

• Save the planet by saving money.

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