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It’s all about kids and money. Whether you know an enterprising five-year-old or a resourceful teen entrepreneur, these books will inspire them to start a business, invest or just save a little. Ballooning Nest Eggs contributor Jillian Gatcheco suggests these 10 books. We just updated the list with 3 more terrific books since we first published this list.
Brothers Adam and Matthew, co-founders of YoungEntrepreneur.com, started this book as a means to pass on their business savvy to their children. It’s filled with illustrations, trivia, quizzes, and easy-to-digest entrepreneurial ideas to simplify complex concepts of the business world. They say “it’s never too late,” but with this book, the mindset is “it’s never too early!”
Daryl Bernstein wrote the first version of this book when he was only 15 years old to help kids like him earn through creative small businesses. Now an adult and father, he has polished and updated this resource for a new generation of budding entrepreneurs. With unexpected ideas for youngsters like “Wake Up Caller” and “Seedling Grower,” the businesses featured here have virtually no start-up costs and contain helpful suggestions for what to charge and how to advertise.
The Richest Kids In America: How They Earn It, How They Spend It, How You Can Too by Victor Hansen – $12.21 (all ages)
We all know celebrity entrepreneurs who started young and made it big, but this is another group of kids that are just as newsworthy. They’re kids just like yours, and their stories will inspire, teach, and show how their curiosity led to creativity, and ultimately, to cash!
Through this book, tweens will learn about online banking, stocks, budgeting, and giving back to charity. How do they save up for a new bike or invest their allowance to make it grow? How do credit cards work? It isn’t just about having a piggy bank anymore, and this read covers everything your children need to know to be financially savvy in an ever-changing economic world.
When seven-year-old Joel and his sisters Kale and Lane were at a loss for “something to do,” their mother suggested that they make and sell Christmas wreaths so they can start earning money for college. With the help of family and neighbors, the College Fund Wreath Company was born and eventually branched off into another thriving business. This true story is narrated by Joel himself and chronicles what he and his siblings went through to get their business from start-up to success.
In a hilarious take on how essential common sense is for entrepreneurs, the book’s cover shows a kid selling ice-cold lemonade in the middle of winter. As expected, nobody is buying. The chapters are filled with stories and illustrations, including topics like what types of businesses are likely to be successful and dealing with employee relationships.
This is one of the books in a series of “Cool Jobs” for kid entrepreneurs with various hobbies. Other titles include cool jobs for: “Young Entertainers,” “Yard-Working Kids,” “Young Pet Lovers,” and more. All projects have been kid-tested, complete with a step-by-step guide. This is ideal for younger children who want to keep busy for the summer.
“I’m the Cat in the Hat and you know something funny? We’re about to have fun learning all about money! Where does it come from? Can you answer that, please? I will give you a hint: It does not grow on trees!” This is a trivia-infused introduction to the history and value of money that kids as young as five will be able to grasp. Among topics covered are bartering, forms of money in different cultures, and the minting of coins.
Jackie is a young girl whose family has fallen on difficult times. When she steals a can of beans for their supper, she sets off a string of events that will change all of their lives for the better. This inspirational tale will show children the power of turning a dream into a reality, one step at a time—exactly what an entrepreneur needs to start a business.
When Alexander’s grandparents gave him a dollar last Sunday, he discovered that there were so many things he could buy with it. But uh-oh! His money began to disappear sooner than he could keep track of. This is a wonderful tale to read to your little ones so they’ll understand the concept of saving and self-control, so next time you’re at the toy store, it will be a different conversation (wink!).
Ballooning Nest Eggs contributor Alpa Patel found three more books to add to your must-read list!
Two siblings, Pauline and John-John, decide to start a lemonade stand in the middle of winter. Despite the cold weather, the brother-sister duo forge ahead with their plans and set up and sell their product on the snowy sidewalk outside of their home. Follow along and help your own kids count the money after each sale and determine profitability.
Sixth-grader Rufus Mayflower decides that toothpaste costs too much, so he starts his own toothpaste making business with the help of his friend. Soon, he’s developed a million dollar business. On top of entrepreneurship, kids find primers on math, finance, and even advertising. And you’ll enjoy it as much as your kids.
A young chef with unique recipe concoctions discovers that his food is more popular with aliens than with humans. The weirder the ingredients, the better. This book offers colorful illustrations for the younger kids to explore the basics of starting a business and finding the right customers.