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    Rich 4th Graders
    Rich 4th Graders
    Rich 4th Graders
    Ebook115 pages2 hours

    Rich 4th Graders

    By Carlos Anderson

    ()

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    About this ebook

    Rich 4th Graders: Observe the compelling transformation of these inspiring 4th Graders as they secure their financial futures using 3 simple, powerful and proven steps to financial independence. Most children and adults will learn these skills much too late in life, if ever, to help steer or change the course of their lives.

    LanguageEnglish
    PublisherCarlos Anderson
    Release dateJan 24, 2013
    ISBN9781301398881
    Rich 4th Graders
    Author

    Carlos Anderson

    Carlos Anderson is the founder and writer of RichBooksLive.com which hosts readers interested in the subject of Financial Literacy. He is a Personal Finance author, has Investment Banking experience, a degree in Accounting from Lincoln University and lives in Atlanta, GA. Visit his website at www.RichBooksLive.com for more information.

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      Book preview

      Rich 4th Graders - Carlos Anderson

      Rich 4th Graders 2240 For Amazon and Smashwords.jpg

      RICH 4TH GRADERS

      The New Investor Class

      Includes 3 Simple Steps to Secure Your Financial Future

      Take a Seat In Mrs. P’s Class

      by Carlos Anderson

      Rich 4th Graders

      Copyright © 2013 by Carlos Anderson. All rights reserved.

      First Smashwords Edition: January 2013

      Cover and Formatting: Streetlight Graphics

      All rights reserved. This eBook is licensed for the personal enjoyment of the original purchaser only. This eBook may not be resold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you are reading this eBook and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      This book is not intended to give specific investment advice, only general observations. Neither the author, the publisher, nor the sources cited accept responsibility for any loss incurred as a result of applying its ideas.

      Disclaimer

      This book is not intended to give specific investment advice, only general observations. Neither the author, the publisher, nor the sources cited accept responsibility for any loss incurred as a result of applying its ideas.

      Acknowledgements

      Many thanks to everyone for their generous contributions to this book, and to all of the readers for finding a way to reach their financial dreams.

      I could not have completed this book without the help of: Mrs. Lauren Papadakis, one of our most gifted Georgia Elementary School educators and 2011 Teacher of the Year recipient, and each of the smart, perceptive and exceptionally generous students in her 2009-10 4th Grade Class; The draft review by Dr. Cindy Loe, a guiding star among Georgia School Superintendents, whose new leadership established a lasting legacy of educational excellence and precedents for extraordinary student success; The creative design and technical assistance provided by Glendon Haddix and his team at www.streetlightgraphics.com and my patient and inspiring wife Linda, my caring and extraordinarily gifted son Payton, and the family and friends who listened with interest to my ideas.

      Introduction

      It has taken decades for many parents and grandparents to emerge from the fear and painful memories of that dreadful year of 1929: the year of the great U.S. stock market crash. They try to ignore them, even give them clever disguises, but subtle and sometimes shocking reminders keep the memories from fading completely.

      Most of the people who suffered during The Great Depression of the 1930s—the worst economic times in U.S. history, were instantly and tragically reduced to living life day-to-day and on anyone else’s terms. They lost their businesses, they lost their jobs, and nearly all lost most or all of their life’s savings, which had taken many years of hard labor and extreme sacrifice to set aside. And in those times, many were unskilled and unemployed, living in households that contained only one working adult, making recovery a lengthy and nearly impossible feat.

      Large numbers of those affected would not be able to replace their failed businesses, their jobs or their savings. Many simply were unable to re-enter the workforce, re-open their businesses, start new ones or start over financially due to their age, lack of finances or investment knowledge; and most had no idea how long it would take for the stock market to rebound and return some or all of their financial losses to them. Decades later, too many people continue to face a similar fate, unable to create a financial safety net to comfortably navigate through life’s most challenging circumstances.

      For the majority of students, young and old, past and present, the primary and secondary educational system fails to teach them vital, fundamental saving and investment basics and strategies, commonly known as Personal Finance. Fewer than half of States require high school students to take an economics class, and only thirteen require a Personal Finance class, according to a 2011 survey by the Council for Economic Education. Additionally, in a recently published article by the Washington Post titled Demystify Money For Kids, the writer wrote, lessons in budgeting, saving and credit can give your child the future security he or she needs, yet as of 2009, only 15 states mandated classes on personal finance in public schools.

      For most children and adults, the absence of a parent or family member who is able to explain the basics about saving and investing, or a teacher along the way who took a personal interest in passing along money and banking skills, they will learn these skills much too late in life, if ever, to take full advantage of them, and help steer or change the course of their lives.

      In this digital age, where advances in technology have maximized the pace that we can create and share critically important information, the recent shocking headlines about the financial condition of those approaching retirement age have become too numerous and acceptable.

      In December 2011, USA Today reported in an article titled, Many Have Little to no Savings as Retirement Looms, that more Americans are finding themselves in their 50s and 60s with practically no money saved for retirement. And even more alarming, that more than half of all workers, 56%, say they have less than $25,000 in savings and investments and 30% have less than $1,000, according to a survey by the Employee Benefit Research Institute. The crucial question we must all ask ourselves: will I have enough savings and investments to live the rest of my life when I can no longer work?

      The horrifying and unspeakable consequences of financial illiteracy has not been reversed, but has continued its infectious creep into the fabric of today’s young and middle-aged, punishing generations and dangerously escalating poverty and suffering to record-setting levels. Considering this decades-long dilemma, is this also confirmation that the enormous volume of personal finance publications to date are simply too complicated, confusing or just plain uninspiring to be an effective and lasting motivator or influence?

      In the decade of the 1920s, and even through this decade, still too few understand the benefits of taking a few simple steps that can financially propel you safely through similar depression-era, life-altering events and avoid financial catastrophe for a lifetime. Yet in the midst of recurring economic depression, failing industries, great unemployment swings and government collapses, the highest educated, best trained and most experienced in all professions and walks of life needlessly continue to endure lives filled with financial agony and uncertainty, as if the aftermath of such crippling events should remain an accepted and insurmountable reality.

      The first of three simple steps to your financial security, is often credited as being one of the keys to the success of Billionaire Investor Warren Buffett, one of the richest men in the world. This powerful first step, often quoted by Albert Einstein, The Father of Nuclear Energy and Time Magazine’s Man of the Century, who said There is no greater power known to man…, is now immediately available in this reading and can be accomplished by anyone, young or old, professionally employed and educated, or not.

      Astonishingly, present this simple, key money question to most children, teenagers or adults today and a large majority of them will be unprepared to answer it correctly. Yet for the limited numbers who can, and who ultimately complete the three simple steps explained in this text, it is responsible for providing them with personal financial freedom and a life filled with unlimited choices and adventure.

      The 4th graders featured in the pages that follow can answer this key money question, correctly and with ease. They know the 3 simple steps to follow, and now so will you. Have a seat in Mrs. P.’s classroom and enjoy today’s lesson with me and these exceptional Rich 4th Graders, The New Investor Class.

      Chapter 1

      Before the 1st Bell

      The first forms of saving, created earlier than money itself, can be understood from the archaeological discoveries of valuable writings, drawings and containers that were used for storing grains, nuts, and seeds. Even during ancient times, future planning was a top priority and essential for survival.

      The choices and decisions our ancestors made to secure life-sustaining food for their future survival, mirror the choices and decisions we must now make to secure life-sustaining savings and investments for our own future financial survival. Making the right financial choices and decisions today ensures our savings and investments last a lifetime, and more.

      Creating financial independence and sustained wealth ranks as high in our personal aspirations as does getting a good education, a well-paying job, buying a house, supporting a family or being able to comfortably retire. Yet, for reasons as varied as our own interests, and largely through no fault of our own, most of us do not give our financial education the attention required to help fulfill our dreams of a life filled with happiness and free of financial worry.

      As

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