The Nature of Money for Teens
 |
Description
Book Introduction
The Nature of Money, a mega-bestseller for four consecutive years in 2020, 2021, 2022, and 2023.
395th printing.
Published in 5 countries: Japan, Taiwan, Thailand, China, and Vietnam
Now it's our children's turn!
"The Nature of Money for Teenagers" begins with a powerful message to children who will live to be 100 years old: "Don't recommend a job that will require retirement in your late 50s."
While strongly recommending the future aspiration of being an "entrepreneur" capable of creative challenges and lifelong employment, he presents specific plans to realize the so-called "get-rich project."
Open a bank account and stock account in your own name, save when you have money, spend wisely, and save frugally to grow efficiently! This book advises young people who understand the power of money: "If you want to get rich quick, don't try to get rich quick."
This book uses the format of a kind explanation from a senior in life to help young people on the verge of financial independence make the decision to become 'rich.'
Above all, the five chapters that contain the determination to become rich help children conceptualize the role of money, the concept that money is a person who must be managed, and the most important message that how you spend money determines your future self.
Nearly ten current and former teachers and economic newspaper reporters strongly recommended the book, adding their support in the hope that the information contained in the original work, “The Nature of Money,” would be well-received by middle and high school students.
Parents who are willing to embrace the current trend of giving their children "businessman" business cards can do so with the lessons contained in this book.
395th printing.
Published in 5 countries: Japan, Taiwan, Thailand, China, and Vietnam
Now it's our children's turn!
"The Nature of Money for Teenagers" begins with a powerful message to children who will live to be 100 years old: "Don't recommend a job that will require retirement in your late 50s."
While strongly recommending the future aspiration of being an "entrepreneur" capable of creative challenges and lifelong employment, he presents specific plans to realize the so-called "get-rich project."
Open a bank account and stock account in your own name, save when you have money, spend wisely, and save frugally to grow efficiently! This book advises young people who understand the power of money: "If you want to get rich quick, don't try to get rich quick."
This book uses the format of a kind explanation from a senior in life to help young people on the verge of financial independence make the decision to become 'rich.'
Above all, the five chapters that contain the determination to become rich help children conceptualize the role of money, the concept that money is a person who must be managed, and the most important message that how you spend money determines your future self.
Nearly ten current and former teachers and economic newspaper reporters strongly recommended the book, adding their support in the hope that the information contained in the original work, “The Nature of Money,” would be well-received by middle and high school students.
Parents who are willing to embrace the current trend of giving their children "businessman" business cards can do so with the lessons contained in this book.
- You can preview some of the book's contents.
Preview
index
Introduction
Recommendation
Chapter 1: Warming Up! The Get Rich Project
1.
The difference between the poor and the rich
2.
The belief that you can become rich
3.
There are shortcuts to wealth, too?
4.
If you want to get rich quick, don't try to get rich quickly.
5.
Rich people respect money like people
6.
Between good and bad luck
7.
What are your hopes for the future?
8.
Little money makes the rich
9.
Introducing a really good book
10.
Become a person who likes money
11.
What You Need to Do Right Now to Get Rich
Chapter 2: Money, Q&A
1.
What is money and what does it do?
2.
How has money changed?
3.
Plastic Money and Credit - Credit Cards
4.
Different countries have different money, currencies, and exchange rates.
5.
Are cryptocurrencies also money?
Chapter 3: How to Write Well
1.
How you spend your money determines your future.
2.
Get into the habit of budgeting
3.
Don't buy things you didn't plan on buying.
4.
Buy what you need, not what you want.
5.
If it's the same item, buy it from where it's sold cheaper.
6.
Save not only on goods but also on service fees.
7.
I buy it from a cheaper place even if it's a little inconvenient.
8.
There are more ways to get discounts than you think.
9.
Save, share, exchange, and reuse.
10.
Don't fall for the temptation of advertising.
11.
Don't compare yours with your friend's.
Chapter 4: How to Collect Well
1.
Create seed money to start a business
2.
Create a budget to manage your income and expenses.
3.
Start saving and spend the rest sparingly.
4.
Keep your money in the bank
5.
Hold back on buying what you want now for the future.
6.
Set short-term, medium-term, and long-term goals
7.
Find a job that will make you money
8.
The more you know, the more money you accumulate.
9.
Money has the power to attract other money.
Chapter 5: How to Sing Well
1.
You can also invest through banks.
2.
Go to the bank and open a deposit account.
3.
Be sure to utilize the power of compound interest and time.
4.
How to invest in various financial products?
5.
Don't put all your eggs in one basket
6.
There are ways to become a great businessman.
7.
What sets stock investment experts apart?
8.
So, shall we start investing now?
Recommendation
Chapter 1: Warming Up! The Get Rich Project
1.
The difference between the poor and the rich
2.
The belief that you can become rich
3.
There are shortcuts to wealth, too?
4.
If you want to get rich quick, don't try to get rich quickly.
5.
Rich people respect money like people
6.
Between good and bad luck
7.
What are your hopes for the future?
8.
Little money makes the rich
9.
Introducing a really good book
10.
Become a person who likes money
11.
What You Need to Do Right Now to Get Rich
Chapter 2: Money, Q&A
1.
What is money and what does it do?
2.
How has money changed?
3.
Plastic Money and Credit - Credit Cards
4.
Different countries have different money, currencies, and exchange rates.
5.
Are cryptocurrencies also money?
Chapter 3: How to Write Well
1.
How you spend your money determines your future.
2.
Get into the habit of budgeting
3.
Don't buy things you didn't plan on buying.
4.
Buy what you need, not what you want.
5.
If it's the same item, buy it from where it's sold cheaper.
6.
Save not only on goods but also on service fees.
7.
I buy it from a cheaper place even if it's a little inconvenient.
8.
There are more ways to get discounts than you think.
9.
Save, share, exchange, and reuse.
10.
Don't fall for the temptation of advertising.
11.
Don't compare yours with your friend's.
Chapter 4: How to Collect Well
1.
Create seed money to start a business
2.
Create a budget to manage your income and expenses.
3.
Start saving and spend the rest sparingly.
4.
Keep your money in the bank
5.
Hold back on buying what you want now for the future.
6.
Set short-term, medium-term, and long-term goals
7.
Find a job that will make you money
8.
The more you know, the more money you accumulate.
9.
Money has the power to attract other money.
Chapter 5: How to Sing Well
1.
You can also invest through banks.
2.
Go to the bank and open a deposit account.
3.
Be sure to utilize the power of compound interest and time.
4.
How to invest in various financial products?
5.
Don't put all your eggs in one basket
6.
There are ways to become a great businessman.
7.
What sets stock investment experts apart?
8.
So, shall we start investing now?
Detailed image
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Into the book
Getting rich doesn't happen quickly.
You have to take it slow and steady without losing your pace.
If you don't try to get rich quickly, you can get rich before others.
You have to be relaxed and think that you will become rich in 30 or 40 years, not in 1, 2, or 10 years.
This attitude is the only way to success.
Just as you build a sturdy house by building it up from the foundation, you need to start with small amounts of money and build it up step by step to become rich.
--- p.38
With a credit card, you can spend money even if you don't have it right now, so if you're not careful, you can end up spending recklessly.
Remember, money spent on credit cards is a debt that can become a huge problem if not paid back.
If you don't have the money to pay your bills on the due date, your credit will suffer, and if your credit suffers, you won't be able to use your credit card anymore.
If you have bad credit, there are many inconveniences in living in society.
--- p.81
So how can we spend our money wisely? The first thing I recommend is creating a budget.
A budget refers to a plan of income and systematic spending for a certain period of time.
You can plan how often you will receive your allowance.
The idea is that people who receive monthly allowances should plan monthly, and people who receive weekly allowances should plan weekly.
--- p.99
The same goes for making money.
Just as you need to prime a pump to get water out, you need to invest money equivalent to the prime money to make money.
The money that serves as a starting point for investment is called ‘seed money.’
Since seeds are the seeds of plants, seed money means money that becomes the seeds to make money.
Where will this seed money come from? You have to save it.
--- p.132
Once you make a plan, it's hard to keep it.
If you only set short-term goals, you won't be able to see your dreams and you'll lose the strength to move forward. If you only set long-term goals, you won't have any drive.
I'm feeling lost because I don't know what to do today.
Therefore, it is effective to set short-term, medium-term, and long-term goals together.
--- p.152
Compound interest is only on your side when you save, and it's your enemy when you pay off debt.
If you want to become rich, you must naturally make compound interest work for you.
Compound interest is simple, but it's one of the most important principles for becoming wealthy.
--- p.163
If we list the financial products mentioned above in order of safety, they are 'bank deposits and savings, government bonds, corporate bonds, and stocks.'
That means stocks are the most risky.
If you invest wrongly, you could suffer losses or even the company could go bankrupt.
The order of high profitability is the opposite of safety, right?
Although it may vary depending on the situation, stocks are the most profitable, followed by corporate bonds, government bonds, bank deposits, and savings.
In other words, if you invest in stocks well, you can make a lot of money, but if you invest in them wrong, you can also lose money.
You have to take it slow and steady without losing your pace.
If you don't try to get rich quickly, you can get rich before others.
You have to be relaxed and think that you will become rich in 30 or 40 years, not in 1, 2, or 10 years.
This attitude is the only way to success.
Just as you build a sturdy house by building it up from the foundation, you need to start with small amounts of money and build it up step by step to become rich.
--- p.38
With a credit card, you can spend money even if you don't have it right now, so if you're not careful, you can end up spending recklessly.
Remember, money spent on credit cards is a debt that can become a huge problem if not paid back.
If you don't have the money to pay your bills on the due date, your credit will suffer, and if your credit suffers, you won't be able to use your credit card anymore.
If you have bad credit, there are many inconveniences in living in society.
--- p.81
So how can we spend our money wisely? The first thing I recommend is creating a budget.
A budget refers to a plan of income and systematic spending for a certain period of time.
You can plan how often you will receive your allowance.
The idea is that people who receive monthly allowances should plan monthly, and people who receive weekly allowances should plan weekly.
--- p.99
The same goes for making money.
Just as you need to prime a pump to get water out, you need to invest money equivalent to the prime money to make money.
The money that serves as a starting point for investment is called ‘seed money.’
Since seeds are the seeds of plants, seed money means money that becomes the seeds to make money.
Where will this seed money come from? You have to save it.
--- p.132
Once you make a plan, it's hard to keep it.
If you only set short-term goals, you won't be able to see your dreams and you'll lose the strength to move forward. If you only set long-term goals, you won't have any drive.
I'm feeling lost because I don't know what to do today.
Therefore, it is effective to set short-term, medium-term, and long-term goals together.
--- p.152
Compound interest is only on your side when you save, and it's your enemy when you pay off debt.
If you want to become rich, you must naturally make compound interest work for you.
Compound interest is simple, but it's one of the most important principles for becoming wealthy.
--- p.163
If we list the financial products mentioned above in order of safety, they are 'bank deposits and savings, government bonds, corporate bonds, and stocks.'
That means stocks are the most risky.
If you invest wrongly, you could suffer losses or even the company could go bankrupt.
The order of high profitability is the opposite of safety, right?
Although it may vary depending on the situation, stocks are the most profitable, followed by corporate bonds, government bonds, bank deposits, and savings.
In other words, if you invest in stocks well, you can make a lot of money, but if you invest in them wrong, you can also lose money.
--- p.187
Publisher's Review
Selected as a "Best Book" by the Korea Institute for Children's Education and Culture
Park Se-hyeon, winner of the 2023 Republic of Korea Economic Education Award (Deputy Prime Minister's Award), recommended
Park Min-soo, winner of the 2023 Korea Economic Education Awards, President's Award of the Economic Education Association, recommended by
Recommended by Yang Yu-jin, winner of the 2019 Korea Economic Education Awards Teacher Category Encouragement Award
Recommended by Kim Young-joo, Economic Consulting Scholarship Committee Member, Seoul Metropolitan Office of Education
Recommended by Park Han-eul, a reporter for the Children's Economic Newspaper
Recommendation from a current high school teacher
If you want to become rich, you 'must' have this!
How to become a 20-something who makes money, a 20-something who runs a business, a 10-something who saves seed money?
The UK has made economics and finance education mandatory for students aged 11 to 16 since 2014, and in the US, 17 states have made finance a required high school subject since 2014, when all states included economics education in their standard curricula.
High school students in neighboring Japan are also learning about stock investment and funds starting in April 2022.
Meanwhile, as the impact of digital finance permeates every aspect of life, the age at which people begin using financial services is gradually decreasing.
The financial sector is rushing to launch a variety of products targeting young people, who are rapidly emerging as consumers.
"The Nature of Money for Youth" is an introductory book on economics and finance that helps young readers develop sound values about money and lead a rational economic life.
It provides step-by-step, easy-to-understand, and friendly explanations of specific methods for young people who are about to become financially independent to spend, save, and call their money well.
Chapter 1, "Warm Up! The Get Rich Project," guides readers to consider for themselves the true standards of wealth and the true meaning of money.
So, in the first chapter, we emphasize ‘a healthy perspective on money,’ which can be considered the first step in the project of becoming rich.
It focuses on the fact that the subject that creates, handles, spends, collects, and calls 'money', which everyone wants, is 'humans'.
Chapter 2, Money, Q&A begins by discussing the role of money: it is a medium of exchange, a means of payment, a store of value, and a means of comparison that represents value.
It also helps students learn basic economic concepts that they commonly encounter in their daily lives, such as the meaning of credit cards, currency and exchange rates, etc.
By examining the ins and outs of cryptocurrencies, including Bitcoin, readers are encouraged to infer for themselves the nature of money and what the future of money will look like.
Chapter 5, How to Call Well, discusses the basic concepts of investment that young people need to know.
The basic principle that governs investment is 'spare money that is not subject to time restrictions, but must be invested in various places.'
Based on this, it provides helpful background knowledge for smart investment, such as the types and roles of banks, the power of compound interest and time, the concepts of bonds, funds, and stocks, the '100-age rule' that serves as a standard for distributing safety and profitability, market capitalization that serves as a standard for selecting top companies, and the price-to-earnings ratio (PER) and earnings per share (EPS) that reflect corporate value evaluation.
In particular, one of the many virtues of this book is that it points out the risks of investment that can easily lead to loss of principal, and guides young people to view stocks as a place for economic study rather than an object of speculation.
In order for the youth who will shoulder the burden of our future society to have sound economic sense, they must not be influenced by the speculative thinking that is prevalent in our society today.
Park Se-hyeon, winner of the 2023 Republic of Korea Economic Education Award (Deputy Prime Minister's Award), recommended
Park Min-soo, winner of the 2023 Korea Economic Education Awards, President's Award of the Economic Education Association, recommended by
Recommended by Yang Yu-jin, winner of the 2019 Korea Economic Education Awards Teacher Category Encouragement Award
Recommended by Kim Young-joo, Economic Consulting Scholarship Committee Member, Seoul Metropolitan Office of Education
Recommended by Park Han-eul, a reporter for the Children's Economic Newspaper
Recommendation from a current high school teacher
If you want to become rich, you 'must' have this!
How to become a 20-something who makes money, a 20-something who runs a business, a 10-something who saves seed money?
The UK has made economics and finance education mandatory for students aged 11 to 16 since 2014, and in the US, 17 states have made finance a required high school subject since 2014, when all states included economics education in their standard curricula.
High school students in neighboring Japan are also learning about stock investment and funds starting in April 2022.
Meanwhile, as the impact of digital finance permeates every aspect of life, the age at which people begin using financial services is gradually decreasing.
The financial sector is rushing to launch a variety of products targeting young people, who are rapidly emerging as consumers.
"The Nature of Money for Youth" is an introductory book on economics and finance that helps young readers develop sound values about money and lead a rational economic life.
It provides step-by-step, easy-to-understand, and friendly explanations of specific methods for young people who are about to become financially independent to spend, save, and call their money well.
Chapter 1, "Warm Up! The Get Rich Project," guides readers to consider for themselves the true standards of wealth and the true meaning of money.
So, in the first chapter, we emphasize ‘a healthy perspective on money,’ which can be considered the first step in the project of becoming rich.
It focuses on the fact that the subject that creates, handles, spends, collects, and calls 'money', which everyone wants, is 'humans'.
Chapter 2, Money, Q&A begins by discussing the role of money: it is a medium of exchange, a means of payment, a store of value, and a means of comparison that represents value.
It also helps students learn basic economic concepts that they commonly encounter in their daily lives, such as the meaning of credit cards, currency and exchange rates, etc.
By examining the ins and outs of cryptocurrencies, including Bitcoin, readers are encouraged to infer for themselves the nature of money and what the future of money will look like.
Chapter 5, How to Call Well, discusses the basic concepts of investment that young people need to know.
The basic principle that governs investment is 'spare money that is not subject to time restrictions, but must be invested in various places.'
Based on this, it provides helpful background knowledge for smart investment, such as the types and roles of banks, the power of compound interest and time, the concepts of bonds, funds, and stocks, the '100-age rule' that serves as a standard for distributing safety and profitability, market capitalization that serves as a standard for selecting top companies, and the price-to-earnings ratio (PER) and earnings per share (EPS) that reflect corporate value evaluation.
In particular, one of the many virtues of this book is that it points out the risks of investment that can easily lead to loss of principal, and guides young people to view stocks as a place for economic study rather than an object of speculation.
In order for the youth who will shoulder the burden of our future society to have sound economic sense, they must not be influenced by the speculative thinking that is prevalent in our society today.
GOODS SPECIFICS
- Date of issue: April 22, 2024
- Page count, weight, size: 212 pages | 304g | 145*210*14mm
- ISBN13: 9791191769685
- ISBN10: 1191769682
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