Investing for Kids: The Cash Cow

By Gerald Mannes

What's Better Than a Piggy Bank? A Cash Cow!

Ever wonder what happened to the cow Jack was supposed to buy instead of those three beans? A girl named Odette bought it, and used it to grow rich.

 

Follow along with her story as The Cash Cow explains how money works - how to earn it, save it, and grow it! Great for kids ages 9 - 13!

 

Along the way you'll learn:

• Why it's important to start learning about money when you're young.
• How to build a healthy relationship with money.
• What exactly a business is, and how to get one started.
• What a stock market is.
• Why it's important to diversify your income

With a kids friendly focus, this book will give your kids the essential information they need to become money savvy and build a solid foundation for their financial future.

 

Teach your kids lessons about money they can't afford to miss!

• Language: English
• Publisher: Tomokai River
• Release date: May 19, 2022
• ISBN: 9798215020494

Book preview

INTRODUCTION

As kids, sometimes the idea of money, investing, and even the term wealth can be confusing. Did you know that, just like learning numbers, math, and reading, your education about money needs to start early? This book aims to help educate you on a wide range of moneymaking, saving, and investing topics so you can start to understand how it all works. Why, you might ask, do I need to know these things? Don’t my parents or other adults take care of that for me?

The fact is that when you learn about money when you are young, it becomes a habit that stays with you when you get older. And that means you can start making your own money, investing it, and growing it, even as a kid. Finding out how to earn, save, invest, and grow your money allows you to do everything you want to do later in life. For a moment, close your eyes, and think about two things. First, what do you want to be when you’re older? And second, what is one thing you see adults have that you want to be sure you have when you’re an adult?

Did you know that it will take money to achieve both of these things? If you want to be secure, live in your dream house, drive a great car, or take amazing vacations, it will require wealth that you should start building as soon as possible. Learning valuable lessons around money when you’re young will help you develop the habit of thinking about how to invest, save, and grow your money as you go through the different stages of life.

For instance, when Grandma gives you five dollars for your birthday, that five dollars might buy some delicious candy or maybe even a book or a toy you’ve been hoping to buy. But it could also be saved and grow into ten or twenty dollars for something bigger later on. Maybe you can buy materials to start a small business and grow that five into much more. Whatever your goals, great money-saving habits build a foundation for future dreams, and those dreams begin with learning the basics of money management.

Want to know the best part of all? You can learn to build wealth, invest for the future, and achieve some pretty big dreams no matter where you start or what age you are at this moment. That’s right. This is a book for ordinary kids to learn how to take a little and turn it into a ‘cash cow’, which is a business, product or investment that continues to make a lot more money than you originally put into it, so you can feed your future dreams and build good habits for the rest of your life.

Are you ready to learn about all these supercool secrets of money, investing, and building wealth? Okay then, let’s get started!

1

WHY LEARN SO EARLY?

Have you ever read the story Jack and the Beanstalk ? What does that have to do with a cash cow, money, or the stock market? you might wonder. Well, I think that story is the perfect place to start as we talk about this important topic.

As the story goes, Jack was being raised by a single mom who was widowed after her husband died. One day, after struggling financially to be able to put food on the table, Jack’s mom told him to go into the city and sell their last valuable possession, which was a cow. Jack took the cow and headed off to the market to find a buyer, but on the way, he met an old man. The man looked the cow over and offered to buy it.

Jack asked him how much money he would pay, and the man smiled. I have something better than money, he told Jack, extending his hand to show three beans in his palm.

Jack was confused and asked him what good three beans would be.

They are magic beans and will give you untold wealth, the man promised.

Jack was interested, as magic was pretty powerful in the land during that time. He made the trade for the beans and gave the cow to the man.

When he got home, his mom was furious. She needed the money from the sale of the cow to buy food and other necessities for them to live. She sent Jack to bed without dinner. She also tossed the beans out the window and slammed the window shut, so angry that she nearly shattered the glass. Jack went to sleep very sad, as he thought the magic beans were an amazing trade for one silly cow.

Of course, if you sold a cow, you would expect to receive some money. Because Jack and his mother were poor, that cow was the only thing that would earn money for the things they needed, like food. They depended on that cow for milk and when they sold it, it was supposed to help to keep food on their table. It was their most prized possession. Think about your favorite possession. Is it a toy, a pair of shoes, a piece of jewelry, something else? If you gave it away, would you expect money, or something else from the person who bought it? Of course, you would expect to receive something that was of equal value to what it meant to you. I don’t think any of us would be happy with some measly beans, would we?

If you came home with just three beans in exchange for that prized possession, what do you think your mom or dad would do? They’d probably be pretty angry, right? Well, it was the same for Jack’s mom, who threw the beans out the window and sent him to bed without dinner. She was very angry because she thought he had ruined their one good chance of making some money.

But what happened to the cow, after all this? It turns out a girl named Odette saw the old man trying to lead the cow into the market, where he intended to sell it himself after making a deal with Jack, and she bought the cow with the allowance she had been saving up. She was super excited to buy the cow because she was a girl who knew what she wanted. You see, the name Odette means wealth, and this girl knew what she was doing and used her own saved money to buy this cow. Why do you think she did