A Great Book to Teach Kids About Money by Heidi Christianson

Heidi PicAs we move closer to the Back to Basics Forum, we will be featuring articles and videos written by our speakers.  Heidi Christianson will be presenting in our Basics and Youth tracks.  Click HERE to see descriptions of her workshops.

Heidi has asked us to share this article with you today …

Book Review – The Toothpaste Millionaire

I have taught personal finance classes to kids for several years. One of my favorite books is “The Toothpaste Millionaire” by Jean Merrill. It covers so much information and makes it so understoothpastemillionairetandable for kids! It is the story of two kids in 6thgrade. One of them gets this idea to make toothpaste because it is too expensive. He takes his idea and runs with it.

One of the reasons I love this book is that it has kids getting ideas and doing something with them. Rufus, the “Toothpaste Millionaire”, has these ideas and he starts his own business. He deals with the cost, profit and overhead of running his business. He also gets to a point where he wants to expand and he has to finance his business. When he gets so busy he can’t do it himself, he gets his friends to help him and he gives them “stock” in his company. His friend Kate, the narrator, has her own ideas and helps Rufus grow his company with advertising and expansion.

I’ve had kids in my class as young as 8 read this book easily but as old as 13 read it with rave reviews. It has some pictures so the younger ones like it but it covers such an interesting topic it holds the older kid as well. I love this book so much I have purchased a total of 6 of these books. I’ve loaned them out so much I can only find 2! Here is a link to Amazon – check it out!

 

 

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