Like most things in life, the more exposure and practice you have with something, the better you can become! Those same principles apply to investing.
The sooner you learn, the better! That is why plenty of parents are looking for the best investing books for their kids. Learning to invest is a fantastic life skill. If you’re curious about what the best-investing books are for children, read on!
What Is an Investing Book?
First and foremost, what is an investing book, and why is an investment book for kids different? An investing book is a book that will teach the reader various investing principles, tips, and tricks.
An investing book for kids aims to do just, teach the reader how to invest, but it does so in a fashion where the child can make sense of the material. Investing can certainly be complicated, and various financial terminology can be challenging to understand.
Investing books for kids look to distill investment advice down to its most simple form.
What Investing Books Should You Consider for Your Child?
Finding the right investing book for your child can be difficult. Luckily, we’ve done some of that hard work for you and compiled a list of our favorite child-friendly investing books.
These books are easy to follow, yet, the advice these books provide is valuable! Educating your child on personal finance is always a smart decision considering how important personal finance is in our daily lives.
Investing for Kids: How to Save, Invest and Grow Money by Dylin Redling
With a 4+ star rating, Investing for Kids: How to Save, Invest and Grow Money is a #1 best-selling book on Amazon. This book targets children that are between the ages of 8 and 12 years old.
The book is a fun and light read but still teaches children important information about bonds and stocks, including how and why you should invest in them. Additionally, Investing for Kids: How to Save, Invest and Grow Money discusses the two most important concepts in all of investing – risk and reward.
Overall, your child will learn practical advice with this book, which can serve as a sturdy foundation they can eventually build on. You can’t go wrong with the price considering the paperback version of this book is $8.98.
The Everything Kids’ Money Book: Earn it, save it, and watch it grow! by Brett Sember
The Everything Kids Money Book has a 4+ star rating and caters to children between the ages of 7 and 12 years old. Not only does this book pack a wealth of knowledge in 160 pages, but there are also 30 activities your child can complete while reading this book that puts the lesson plans/chapters together.
One thing we particularly appreciate about this book is how it really drills down on the value of money, and how you should be mindful of how you spend your money. Learning this habit at such a young age is a recipe for success.
Growing Money: A Complete Investing Guide for Kids by Gail Karlitz
Growing Money: A Complete Investing Guide For Kids by Gail Karlitz is a phenomenal book about managing and growing your money. This book covers important economic and financial concepts, such as how money is created and the overall money supply, but does so in an easy-to-follow fashion.
This book appeals to students between the 3rd and 7th grades and is 144 pages long. In particular, this book focuses on educating the reader on stocks, bonds, mutual funds, and the importance of a savings account.
This book not only discusses the financial history, such as the origins of the stock market and why they exist but also relates history back to the present day. For $8.99, you simply cannot go wrong with this book!
Money Ninja by Mary Nhin
Mary Nhin is the author of Money Ninja, which is a fun and well-illustrated book that drills down on the importance of delayed gratification. With kid-friendly graphics, Money Ninja teaches the reader about saving money, earning interest, and making investments for the long term.
This is a short read, only 27 pages long. Most kids will have fun while reading this book as the author does a great job using the right illustration to make a point.
For just $11.99, you can order this book directly from Amazon and begin reading it with your child today!
Despite the benefits of starting financial literacy education early on in your child’s development, you want to make sure the investing books you or your child read together do not promote unhealthy money management habits, or promote a greedy approach.
It’s very easy to have money corrupt the mind and heart if the wrong material is read.
The Importance of Starting Education Early
Despite their importance, many public school systems do not teach students about various financial terminology or economic principles. It’s almost no wonder why the United States, and other countries, have a severe debt and spending problem.
The sooner you can educate your child on the importance of money, and the value in saving and investing their money, the better. This educational foundation will help form their mindset, spark creativity, and instill proper money management practices.
If you find yourself needing to better money management advice, consider working with a financial advisor. Financial advisors will help you, and your family, develop a household budget and savings plan and will help you allocate enough money for large future expenses – such as purchasing a home or saving money for your child’s college education.