What does a smart, talented 11-year-old girl do when she wants an electric guitar and is told by her parents, “Money doesn’t grow on trees!” She grows the money herself. This is the story of Ella, who when faced with a cash crunch, learns business skills to solve her problem. Ella and her friends, Madison, Jack and Tyler, have formed a band. But they lack the powerful sound of an electric guitar. Ella’s parents are in no hurry to buy one. Instead, they offer to instruct Ella on ways she can raise the money herself. And so begins the journey of Ella and her friends as they research, start and run a business venture with a musical goal.
How Ella Grew an Electric Guitar
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Book Description
Editorial Reviews
Review
"Parents who want to go beyond telling their children that "money doesn't grow on trees" will find that this fun story told from the eyes of someone their age will actually do more than educate. It will inspire them to innovate when it comes to creating wealth." -Femme-O-Nomics
"Cannot like this enough. Much better than that diet how-to book for pre-teens."
- Pigtail Pals- Redefine Girly
"Cannot like this enough. Much better than that diet how-to book for pre-teens."
- Pigtail Pals- Redefine Girly
About the Author
Orly Sade is a Ph.D in finance-business administration and a professor of finance at the business schools of New York University and The Hebrew University in Jerusalem. She also teaches graduate courses at IE (Madrid) and NES (Moscow). Ellen Neuborne is an award-winning writer and a former editor at BusinessWeek Magazine.
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Most Helpful Customer Reviews
5 of 6 people found the following review helpful
A Kid's Review
Format:Paperback
Hello person reading my review,
You've come precisely on que.
You're about to read a review about,
A book so captivating it makes you want to shout.
A book so engaging, glamorous and delightful,
About a girl named Ella who's guitar is old and dull.
So she goes on a journey about money and friends,
To buy the new guitar waiting just around the bend.
From lemonade to school and boys too,
I wonder if Ella's dream will come true?
While reading this book there was a lot I could learn,
Stocks, banks, and money (how to earn).
Realistic fiction, and educational too,
Try reading this book and you'll like it if you do.
You've come precisely on que.
You're about to read a review about,
A book so captivating it makes you want to shout.
A book so engaging, glamorous and delightful,
About a girl named Ella who's guitar is old and dull.
So she goes on a journey about money and friends,
To buy the new guitar waiting just around the bend.
From lemonade to school and boys too,
I wonder if Ella's dream will come true?
While reading this book there was a lot I could learn,
Stocks, banks, and money (how to earn).
Realistic fiction, and educational too,
Try reading this book and you'll like it if you do.
1 of 1 people found the following review helpful
By Susan H.
Format:Paperback
From international website for women and finance: W-T-W.orgHow Ella Grew an Electric Guitar
Money is the last taboo, and this charming, fun read helps to slip its importance into the fore for young people.
Ella, an eleven-year-old six grader, wants an electric guitar to perform in rock concerts. Her Dad points out that her current six-string guitar is working, and money doesn't grow on trees. But Ella argues that non-amped guitars don't work in a rock band. She has $25 saved up from her baby-sitting gigs and starts on her financial education as she figures out how to grow $25 into $229 ($204 plus tax)
Her brother Tom has a gift of $250 in a savings account that earns $10 a year interest. It is compounded, Tom points out. So the next year he'll earn interest on $260. That sounds very far away to Ella. Conferring with her Dad, Ella decides stocks might earn her money faster. "But you can't count on the earnings unless you're willing to invest over time, like at least ten years." Could be an even longer haul than compound interest, Ella realizes.
A job sounds like a really good idea, but the punk shop where they make inquiries
doesn't like kids. A nice lady in a flower and fish shop points out that Ella's head just reaches the bottom of the cash register's draw.
Ella, double-teaming with her friend Madison, decides to go into business. Their first lemonade stand is a flop. Mom enters the picture and we learn about business plans and market research.
All of this is palatable to young people because crushes, dances, dating and rock concerts are mixed in. The book a romp so you don't feel burdened by the lessons. They begin to
build a base for financial decisions based on the real world role of money.
Kids need to become financially literate at their parents' knee, in school and through terrific books like this one.
Money is the last taboo, and this charming, fun read helps to slip its importance into the fore for young people.
Ella, an eleven-year-old six grader, wants an electric guitar to perform in rock concerts. Her Dad points out that her current six-string guitar is working, and money doesn't grow on trees. But Ella argues that non-amped guitars don't work in a rock band. She has $25 saved up from her baby-sitting gigs and starts on her financial education as she figures out how to grow $25 into $229 ($204 plus tax)
Her brother Tom has a gift of $250 in a savings account that earns $10 a year interest. It is compounded, Tom points out. So the next year he'll earn interest on $260. That sounds very far away to Ella. Conferring with her Dad, Ella decides stocks might earn her money faster. "But you can't count on the earnings unless you're willing to invest over time, like at least ten years." Could be an even longer haul than compound interest, Ella realizes.
A job sounds like a really good idea, but the punk shop where they make inquiries
doesn't like kids. A nice lady in a flower and fish shop points out that Ella's head just reaches the bottom of the cash register's draw.
Ella, double-teaming with her friend Madison, decides to go into business. Their first lemonade stand is a flop. Mom enters the picture and we learn about business plans and market research.
All of this is palatable to young people because crushes, dances, dating and rock concerts are mixed in. The book a romp so you don't feel burdened by the lessons. They begin to
build a base for financial decisions based on the real world role of money.
Kids need to become financially literate at their parents' knee, in school and through terrific books like this one.
3 of 4 people found the following review helpful
Format:Paperback
Along the way, Ella learns about key business concepts, such as market research, competitive analysis, word-of-mouth marketing, guerilla marketing, costs, revenue, profits, loss, leadership, partnerships... and the list goes on. She also learns about the many types of financial products, including stocks, bonds and loans.
The authors manage to explain difficult financial and business concepts in a way that makes them easy to understand. Many of the lessons originate from wisdom imparted by Ella's parents, who work in business and law. Ella adds her own creativity to the lessons, and with the help of her friends and family, she's on her way to owning a brand new electric guitar.
Reading the story, I couldn't help but wonder how my life might have turned out differently if I had been aware of these business and financial concepts earlier on.
It is up to us to arm the next generation with a financial education. Sharing books like "How Ella Grew an Electric Guitar" with tweens is a good start.
The authors manage to explain difficult financial and business concepts in a way that makes them easy to understand. Many of the lessons originate from wisdom imparted by Ella's parents, who work in business and law. Ella adds her own creativity to the lessons, and with the help of her friends and family, she's on her way to owning a brand new electric guitar.
Reading the story, I couldn't help but wonder how my life might have turned out differently if I had been aware of these business and financial concepts earlier on.
It is up to us to arm the next generation with a financial education. Sharing books like "How Ella Grew an Electric Guitar" with tweens is a good start.
Most Recent Customer Reviews
5.0 out of 5 stars
Compelling story plus financial literacy
This is a fun book to introduce kids to business. Eleven-year-old Ella, who has formed a band with three of her friends, desperately wants an electric guitar. Read more
Published 15 months ago by Jyotsna Sreenivasan
5.0 out of 5 stars
A great book for parents as well as for their tweens/ teens!
A great book. I personally read it and I recommend it not only for tween/ teens but also for their parents. Read more
Published 19 months ago by Lea Paserman-Jozefov
4.0 out of 5 stars
Rutgers University Project on Economics and Children
As the lead singer of the sixth grade's only rock band, Ella wanted just two things to make her experience even better: a date with the drummer and a new electric guitar. Read more
Published 20 months ago by Yana V. Rodgers
5.0 out of 5 stars
Great book about money!
This is a great book to share with your tween/teen daughter. Financial responsibility in our modern world of debt is incredibly important. I highly recommend this book.
Published 21 months ago by skibum
5.0 out of 5 stars
highly recommended
The topic (financial literacy) is obviously important, the authors have well known reputation in the financial education and media and last but not least it is a great read - what... Read more
Published 21 months ago by Tengo
5.0 out of 5 stars
Fun lesson in setting and reaching financial goals
Children (and adults!) need to learn the value of setting and striving toward financial goals. Ella shows us that we can get what we want with careful planning, hard work, and... Read more
Published 21 months ago by Prof. B.
5.0 out of 5 stars
Great book, enlightening for both kids and parents
Financial education is very important from an early age. The book is fluently written so that any child can find it interesting, without getting lost in financial terms.
Published 21 months ago by Ruth
