The Motley Fool Investment Guide for Teens: 8 Steps to having More Money Than Your Parents Ever Dreamed Of Audio CD – Abridged, Audiobook
Author: Visit ‘s David Gardner Page ID: 0743525574
.com Review
In a wise and witty manner, brothers David and Tom Gardner, founders of the multimedia investment company The Motley Fool, impart their investment strategies to the adolescent masses with The Motley Fool Investment Guide for Teens. In eight teen-friendly sections, the brothers Gardner and writing partner Selena Maranjian demystify the stock market by describing and defining mutual funds, banking practices, IRAs, and drip investing. The authors also include numerous quotes from money-savvy adolescents who detail some of their rookie market moves in an attempt to help their peers steer clear of similar mistakes. Parents will approve of the strongly worded sections on credit card debt and the costly financial and physical tolls a smoking habit takes on both wallet and health. In fact, parents would do well to pick up this investment primer for their own edification, if they find the stock market a confusing and chaotic business. Loaded with worksheets, helpful Web sites on a variety of financial subjects, a concise glossary, and a comprehensive index, this is one investment guide that both generations can and will turn to again and again.
Traditionally, teens have been known for having a hard time seeing the proverbial Big Picture. But the Gardners respond admirably to this characteristic, by constantly emphasizing the fortune teens can make in the future by investing now and reminding them that investing money is the least labor-intensive way to make more of the desirable green stuff. A perfect gift for the burgeoning Warren Buffet in your life. (Ages 12 and older) –Jennifer Hubert –This text refers to the Paperback edition.
From Publishers Weekly
Budding tycoons and those with more worldly concerns will appreciate The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money than Your Parents Ever Dreamed Of by David and Tom Gardner with Selena Maranjian. The editors of the Motley Fool Web site offer sound advice on everything from finding a job, investing in the stock market and avoiding financial pitfalls. “Take It from Me” and “Keep in Mind” sidebars offer brief advice from peers and the authors, respectively. Ages 12-up.
Copyright 2002 Cahners Business Information, Inc.
–This text refers to the Paperback edition.
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Audio CDPublisher: Sound Ideas; Abridged edition (August 1, 2002)Language: EnglishISBN-10: 0743525574ISBN-13: 978-0743525572 Product Dimensions: 5.9 x 5.1 x 0.4 inches Shipping Weight: 0.5 ounces Best Sellers Rank: #2,067,177 in Books (See Top 100 in Books) #1479 in Books > Books on CD > Business > General #3947 in Books > Business & Money > Investing > Introduction #4476 in Books > Books on CD > General
There seem to be a lot of positive reviews of this book, so there are certainly aspects about it that must be good – but in my personal opinion I didn’t like it. This book reads as if the authors assumed I am two things that I’m not: rich and stupid. A lot of the wordy paragraphs seem to be filler information, over-explaining points that I understood 10 minutes of reading back. I think this might be intentional, so the book isn’t shooting facts at you like an adult financial book might read, but for me it was just annoying. And at the end of the book, it never really tied it all together…you won’t really know how to start investing even if you’ve read it cover-to-cover. And, on a side note, some of the examples rather annoyed me…describing teens who "scrimp and save" to put away $5,000 per year for retirement…let’s be real! I’m sure some teens have that to put away every year, but it’s not from diligently saving what they earn, it’s from their parents. Also, this book simply ignores the one huge financial problem all teens have – college! I could not believe that this book goes on without even mentioning the best ways to save for college. They do list example after example of what John or Jane will have saved up by the time of their retirement (if they "scrimp and save" $5,000 a year now – rrgh). I think for most teens, it’s unrealistic to have all your money stashed in an account worth thousands that you won’t touch until retirement. Not saying it’s too early to start thinking beyond college, but college is really the primary issue.
I think this book might be good for 12- or 13-year olds who would appreciate the reiteration and a style of book that’s aimed more for children than adults. I’m 17, so I think some older teens might be bored with the tone and wordiness of the book, I’d just go for an adult one. Gosh, this was a long review..sorry! Good luck with investing, everyone!
Although it contains some information that my daughter thought was unrealistic, like the amount she should be able to save each week, she thought the book had some great ideas. I especially liked that they didn’t talk down to the teenagers yet told them about the true financial cost of smoking, the good use of credit cards, ATMS and the fiancial mistakes many people make. A good book that tells it to them straight in a format that they will read.
This book has reinforced what I have been preaching to my 17 year old for years……1) save and invest your money early, 2)live within your means as you get started in life (used vs new car), 3) attend the local university (keep student loans to minimum) and 4) practice a healthy lifestyle and you will soon learn that by the time you are 30 you will have more financial freedom and less debt than 90% of Americans.
I wish I had been taught the discipline for the first two items as it wasn’t until age 40 that I reached financial freedom. Fortunately for him, he is a believer after reading this book. Maybe along the way he will guide others in the right direction.
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