Barefoot Publishing, 2022
224pp., pbk., RRP $A32.99
When 8 year old Levi Anderton was laughed at in class because he froze when his teacher asked him to read something aloud, the situation had the potential for any number of outcomes, all of them profound and some of them not good. But Levi was able to turn the incident on its head and within 6 months he was the boss of his own company selling reading rulers and cases online fielding and fulfilling orders from around the world. Like Sir Richard Branson, he turned his disability into an opportunity.
For years, Scott Pape, author of highly successful The Barefoot Investor has been engaged in programs to make financial literacy a key part of every primary and secondary school curriculum including having an annual 4-6 week money challenge similar to the Premier’s Reading Challenge, and, for primary students in particular, showing them the power of working, saving, spending and giving.
And so, in this engaging easy-to-read step by step guide for young readers to make and carry out a financial plan, interspersed with success stories like Levi’s for encouragement, there is the blueprint to help them become financially savvy at the very least, if not world-leading entrepreneurs. Money may be the “root of all evil” but it seems to be something everyone desires. Regardless of how we might prefer it to be different, success still seems to be measured by salary and despite odds of one in 292 million of winning the recent mega US $2 billion lottery, millions around the world bought tickets in the hope of becoming rich. Closer to home our students are probably seeing the consequences of the ‘cost-of-living crisis” that is reported on every news bulletin, so it would seem that a book by a recognised expert that has both sound advice and practical strategies would be very appropriate and timely.
Arranged into the six steps entitled Earn Some Money, Stash Your Cash, Be a Barefoot Boss, Get What you Want, Make Someone Smile and Grow your Money, readers are taken from that first basic understanding that money comes from working and even though they might resent pitching in with household chores there are ways that make them in charge so they are in control of both what they do and what they do with the rewards. There are charts and checklists so each child can map their own path (even those under 7) including being able to pitch the idea of being paid for chores confidently to parents.
With language and layout chosen so that the reader is encouraged, supported and successful on each page, this is a must-have for every child so that they not only get the things they want without having to wait for Christmas or birthdays but they develop the critical understandings and foundations for their future financial security as they learn so much in a practical, personal real-life way. You could not give a child a better gift.
And kids could give their parents The Barefoot Investor for Families so everyone wins!