An anonymous financial guru once said that 90% of the world’s financial problems could be solved through teaching kids the concept of compound interest. As the current economy proves, millions suffer in the wake of poor and mostly misunderstood personal finances which begs the question – why don’t they teach basic money management at school?
Walter Andal was frustrated by this “missing education” when raising his own children and, in what could be one of the market’s most unusual yet wholly-logical new books, he has set out to fill the gap.
‘Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss’ helps any child grasp the basics of what money is, how it works and how making good financial decisions will provide them with prosperity throughout life. But don’t worry, it’s not a book of intricate financial models or inaccessible waffle – but a laser-focused guide written in a way that just makes plain sense to its young readers (who, cough, may admit that finance can be fun!).
How do we equip the next generation with money management skills that they can carry forth into their adult lives? One of the most important lessons that you can teach your kids is how to handle their money. Unfortunately, for most parents, giving their kids a sound financial education is an afterthought at best.
Frustrated by the lack of resources that apply the concept of finance to real life situations for his own children to learn from, author Walter Andal was inspired to create an informative and entertaining book to help children get on the right path to making smart personal financial decisions. In Finance 101 for Kids, children and parents will explore: How money started; How to earn and make money; Saving and investing; What credit is and the dangers of mishandling credit; What the stock market, the economy, and currencies are; And the importance of giving back to the community.
“The bottom line is that kids need to learn how important it is to save, the dangers and benefits of credit as well as how they can make their money grow through sound investments and even use it as a vehicle to give back to their community,” explains Andal. “It’s something simply not taught in schools, which spits students out into college and into a world where they’re suddenly forced to wing their way through managing rent payments, student loans, credit cards and the day-to-day financial decisions that will have a big impact on their future. The truth is that most make destructive decisions as they learn by trial-and-error, screaming out the need for a book like this which makes finance fun and accessible from an early age.”
“My goal from the outset was to create a book that is hugely entertaining and perfectly balances fun with sound information that will serve young readers for their entire lives. I admit it isn’t most parents’ first choice for bedtime reading but, for those children diving into the book, a life of good finances, excellent credit and life-changing experiences awaits. I know they’ll be trying to call me in their retirement to thank me!”
Early reviews for the book have been extremely positive. For example, one Amazon user comments, “FINANCE 101 FOR KIDS is a wonderful book. From how money started and how to get a checking account to how to stay out of debt and how to understand interest, this is the book every parent should give to every kid before s/he leaves the house. Told in a breezy, easy to understand manner, this book is a gem. I am an adult and I learned financial tips! It’s about time we had a resource to introduce our kids to finance and money matters in language they can enjoy and told in a way they can easily learn from. Bravo!”
Another reader adds, “Kudos to Walter Andal for making this information available for the many kids who would graduate without ever having had any instruction in the handling of money and their finances without it.”
‘Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss’, from Mill City Press, is available now.
Copies can also be purchased through Barnes & Noble.
Walter Andal obtained his Master of Business Administration with a concentration in International Finance from the University of La Verne in California, and his Bachelor of Arts in Management Economics from the Jesuit-run Ateneo de Manila University. He has worked in different capacities in the fields of insurance, banking, real estate, and healthcare. He lives in Los Angeles with his wife and four children.