The ultimate kids’ guide to money: earning it, saving it, and investing it. Hey, kids, want to become a millionaire? Or get a business off the ground? Or save up some money to buy a new bike? All it takes is understanding and putting into practice a few simple strategies and concepts about money: Make it: Learn the ins and outs of scoring a first job, or even better, starting a business.Save it: That’s right, millionaires are people who have a million dollars, not people who spend a million dollars.Grow it: Invest and use the most powerful force in the financial universe––compound interest. Next thing you know, you’re a bona fide financial whiz on the road to your first million. Now get going! A thorough introduction to finance from the people behind BizKid$, How to Turn $100 into $1 Million includes chapters on setting financial goals, making a budget, getting a job, starting a business, and investing smartly – and how to think like a millionaire. Plus: a one-page business plan template, a two-page plan to become a millionaire, and a personal budget tracker. “As you follow their plan, your interests will grow––and so will your money. Meanwhile, excuse me, I’ve got to reread a few sections.”––Bill Nye the Science Guy
About the Author
James McKenna and Jeannine Glista, along with Erren Gottlieb and Jamie Hammond, are co-creators of the Emmy-winning, nationally syndicated television series Biz Kid$, and the national financial education initiative of the same name. Matt Fontaine is a business writer.
Table of Contents
CONTENTS INTRODUCTION: Why $1,000,000? . . . V CHAPTER 1: Think Like a Millionaire . . . 1 CHAPTER 2: Set Financial Goals . . . 9 CHAPTER 3: Make a Budget . . . 17 CHAPTER 4: Five Ways to Get Money . . . 25 CHAPTER 5: Get a Job! . . . 35 CHAPTER 6: Start a Business . . . 51 CHAPTER 7: Save, Save, Save . . . 69 CHAPTER 8: The Power of Compound Interest . . . 81 CHAPTER 9: Investing . . . 91 CHAPTER 10: How Not to Become a Millionaire . . . 109 CONCLUSION: Get Going! . . . 115 Your Two-Page Plan to Become a Millionaire . . . 124 Your One-Page Business Plan . . . 126 Your Personal Budget Tracker . . . 127 Glossary . . . 129 About the Authors . . . 134