The Motley Fool Investment Guide for Teens

Tom and David Gardner, the original Motley Fools, and Selena Maranjian, TMF Senior Writer, have created a realistic, hip manual. Using a squadron of young consultants (from middle school to college) they've outlined a practical path to financial independence -- and the possibility of piles of filthy lucre later in life. Here are the 8 steps in brief: Set goals (and reach them) Make and save money Be smart about your money Avoid financial blunders Know what to expect Your new friend: the Mutual Fund Actually invest!Learn together Details are not dumbed down. Exercises on saving and spending still allow for pizza and cars and clothes and a great sound system. According to The Motley Fool Investment Guide for Teens, You don't want to pursue money for the sake of having money. Don't make your life little. Don't get petty. Don't be a miser. Instead, dream. Think of how you'll use the money to make both your life better and the world a little bit better place to be. Most schools never touch this stuff. Many parents don't know it. Just understanding how compound interest works for you (in savings and investments) or against you (in credit card debt) is invaluable. Any kid who ever bought a Beanie Baby and deliberately left the ear tag on is ready to move on to bigger investments. Any teen who tracks Game Boy points can track the Nasdaq. It's all there in The Motley Fool Investment Guide for Teens. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.