Mr. Melvin The Money Master and the Rule of 72: Grow your money as you grow older and wiser - Couverture souple

Hartwich Jr., Mr. Roger F.

 
9781736282809: Mr. Melvin The Money Master and the Rule of 72: Grow your money as you grow older and wiser

Synopsis

The purpose of this book is to teach youth and young adults about financial literacy, the value of money, and how money works and grows. It is meant as an introduction to financial literacy, about the importance and elements of saving, investing, and growing and accumulating money over time. Some key words or terms include credit, debt, investing, insurance, tax, interest, principal, compounding, individual retirement accounts, stocks, mutual funds, dollar cost averaging, mortgage, and the "Rule of 72." Mr. Melvin the Money Master is the main character and speaker in this book. and describes the many facets of money matters and how money works. Mr. Melvin's family, including his wife Melissa, his two sons "Muscular Matt" and "Moolah Mike," daughter "Musical Melanie," and pet dog "Malty," are active participants in the book in helping Mr. Melvin explain terms, the value of money, math problems, and how money compounds and accumulates over time. This book is meant to be a simplified version, visually engaging and stimulating, despite its complexity of topic, explaining the importance of saving and investing at an early age. Math skills, along with charts, practical exercises, and a glossary of terms, are included in this book to help the reader better understand how money works and compounds at various interest rates. Teaching real life skills is vital to an individual's present and future. It is hoped that this book will inspire and motivate youth and young adults to learn about money, money related matters, saving and investing, and the importance of starting early in one's life when possible.

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