Thursday, March 24, 2016

Review: How To Turn $100 Into $1,000,000 by James McKenna, Jeannine Glista and Matt Fontaine

HOW TO TURN $100 INTO $1,000,000
Earn! Invest! Save!
by James McKenna, Jeannine Glista and Matt Fontaine
Workman Publishing 
Middle Grade Non-Fiction
ages 9+
144 pages

Coming. . .
APRIL 5th, 2016!!!

Who doesn't want to be a millionaire?

Written for every kid and perfect for every parent who wants to raise a kid who’s smart, confident, and thrifty about money, How to Turn $100 into $1,000,000 is a practical, entertaining, and inspiring guidebook to earning, spending, and saving money.

The journey starts by teaching readers how to earn their first hundred dollars. The rest of the book sets them on course to a million bucks. From thinking like a millionaire: millionaires are people who save money, not people who spend it. To learning the ways to get money: ask for an allowance, get a job, start a business. To the potential pitfalls every millionaire encounters on the way: spending sprees, Ponzi schemes, and spending more than you make. Plus chapters on budgeting, saving, and investing.

A lively design and illustrations throughout including an infographic on Charting a Course for the Island of Financial Freedom (with short-, medium-, and long-term goals); how to "Dress for Success" whatever job you're seeking; sample budgets and resumes; and fun charts like Billionaires and Their First Jobs (where you learn that Warren Buffett delivered newspapers at age 13)

Written in a concise but playful tone, How to Turn $100 into $1,000,000 is an accessible, exciting, and essential book for any modern, money-savvy kid.





MY TIDBITS

The title alone catches the attention of young entrepreneurs or of the future want-to-be wealthy and dives straight into the topic from there.

This isn't a book for the youngest, but rather a good place for kids ages ten and up (more twelve and up) to start expanding their financial knowledge. It starts with a grabbing and humorous introduction which explains how good money management can be beneficial and offers an inspiring pep-talk which raises readers' excitement to a positive investing mood. From there, the book is divided into different chapters which cover everything from spending to saving, and working to investments. The bright graphs and tables sprinkled throughout the pages are easy to read and offer tidbits and notes along the sides, making the concepts clear and entertaining.

The information and explanations in this book are written at a level appropriate and understandable for the intended audience. It doesn't talk down but rather energetic and encouraging. The real life examples given to help support the money making theories not only include well-known personalities, but also true children and young adults who have managed to make even the littlest ideas fountain into a fortune. Tips are offered as to how the reader can use the information in this book and transfer it over into their daily life with realistic suggestions for the average teen. At the end of each chapter, the main points are summed up in a very brief and clear manner, which drives the thoughts home.

Meeting goals and increasing wealth is not something achieved over night and not an easy undertaking, and this book repeats this time and again. The suggestions offered cover basic saving, spending and work ideals, but don't offer a 'get rich quick scheme'. The later chapters offer tips on finding a job, resume writing and interview dos and don'ts (very, very basic) as well as tips on opening bank accounts and looking into future investments. These later chapters are more directed toward teenagers fourteen and above. 

Summed up, this book offers a bundle of information on earning money, saving and investing in an entertaining and understandable way for kids ages ten and up. The tips are based on sound, basic and 'common sense' ideas, which all kids can use and will help steer them to a responsible handling of finances while give them insight as to how the entire job-savings-investment concept works. Especially younger teens who want to learn more about money management will find this book helpful and gain a better grasp on the terminology as well as different possibilities money management can entail.


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