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This is a basic and easy reading financial primer with personal stories and anecdotes
that covers all the important topics, including:
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| Additionally there is information on tax shelters,
including the ROTH IRA,
Education IRA's, strategies for saving and tips for parents and grandparents
to help their child and grandchild get started and succeed.
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Douglas inspires students with motivational tips about the importance of education,
personal characteristics of wealthy individuals and goal setting.
He also discusses mistakes in over spending for vehicles early in life and even when and
how to spend accumulated wealth.
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This is not about putting off spending $1 today so you can spend $1 tomorrow.
It is about saving $1 today so it can turn into $500 tomorrow.
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"Given time and wise investments, from that $1 an individual can spend $30 every year (1/2 the on ongoing growth)
for important things
in life" says Douglas. "
Money can't buy happiness, but lack of it certainly can make a person unhappy as evidenced
by money being the biggest problems among young couples today,
as well as the major cause of divorce.
Additionally, students are bombarded with credit cards and many get in big trouble early
in life and seriously hurt their credit and credit scores which affect not only their ability
to get a loan, but their ability to get insurance and even get a job."
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This book, in its second printing has made a difference for many of today's youth.
It can make a difference in the financial future of your child or grandchild.
It makes a great birthday, graduation or Christmas gift.
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