Book Description
Few schools around the world teach students the value of money management. This book fills the gap, describing theextraordinary power of saving money rather than spending it, how even mall amounts such as the price of a cup of coffee can, over the long term, grow to thousands of pounds, dollars and so on thanks to the magic of compounded interest. Using actual examples from the menus of coffee houses and fast food outlets, the book shows just how easy it is to save money - and how quickly it grows. Conversely, the book describes the ever present dangers of getting into debt; how banks and credit card companies want you to be in debt because that's how they make their profits (and pay huge salaries to their top executives). The book steers the reader through the minefield of the financial world and shows young people from the age of 15 upwards how to invest their savings in order to ensure their future wealth for life. Additionally, it discusses the pros and cons of student loans in detail and, looking to the future, examines the housing markets and how not to consider mortgages a debt, rather than an investment.
