When I Grow Up I'm Going to Be a Millionaire: A Children's Guide to Mutual Funds
This book takes a very simple approach on investing and helps explain it in a story about two children. It is intended for children and teenagers aged 10 to 15, but also is a book that adults can use to easily understand concepts about investing. The basic premise of the book is that a child investing only $10 a month in mutual funds and adding more per month starting as a teenager can create wealth of about a million dollars over their lifetime, due to the length of time the money is invested. 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.
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