This book appeals to every parent’s desire to provide wealth and security for their children, taking a simple, fun, low-risk approach.
Ashley Ormond outlines a very simple plan for parents not only to build wealth for their kids but also to help teach them about money: how it works, how to manage it and how to make it grow. In a nutshell the plan is: $1.00 per day + 1 hour per month = financial security for life.
Parents should:
# Start on the plan when the child is born
# Put a dollar a day into an investment fund
# Invest in growth assets
# Reinvest all the earnings
This way the fund will grow to $1,000,000 when the child is 50 years old.
As soon as your kids are old enough, you are encouraged to get them involved in their very own savings plan. The book comes with a money box that your children can cut out and piece together and start filling up.
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