Little Buck and the Magic of Compound Interest: A Bedtime Fable for Kids and a Few Parents Too

Book synopsis: "If we take one hundred Americans and follow their financial path to age sixty-five, fewer than four will have an income above $35,000, while five times that number will live below the poverty line. More than fifty percent will be wholly dependent on relatives, Social Security and welfare. In America, the discrepancy between the haves and have-nots has never been so wide... Wealth is more than just luck."

Autobiography: Living in a day of the forgotten piggy bank, plastic money, and instant gratification, this little tome is a message about the value of saving. It is a short fable for kids, but also a quick reminder for any adult who may be reading it to a child. It is about the financial grit, discipline, and patience we all need to practice from forgotten lifestyles of "saving for a rainy day," "a penny saved is a penny earned," and "cash and carry," even buying something on "lay-away" when necessary. A life free from the bondage of debt is happier, more fulfilling, and has less stress. Learning to save and use the magic of compound interest develops character traits in children (and adults) that apply to many other goals in life. It is said, as the twig is bent, so the tree inclines. Teaching children to save is a habit every child should have and one that yields a great "pay-off" when they become an adult.