A young person who saves $2,000 each year between the ages of 9 and 14, at an interest rate of 9 percent, will have one million dollars at age 65. And that is just by saving! This guide explains the language of business and the skill of investing, so that children can grow up business-literate and get an early start at making their money grow. The concepts of money and simple and compound interest show how saving works; then children learn where Wall Street is, what stocks and bonds do, and, with the help of an adult, the right way to buy or sell a stock, mutual fund, or savings bond. Dozens of activities teach how to balance a checkbook, read stock tables, and know what people are talking about when they mention inflation, recession, and the Federal Reserve Board.
Katherine Bateman has had diverse interests for as long as she can remember. In her first career she was an art historian and a college professor. She received her BA from Berea Collge in Kentucky and her MA and PhD from the University of Michigan in Ann Arbor. She taught at Berea College and The School of the Art Institute of Chicago. After thirteen years she decided to start over.
Her second career was in business. In 1983 she began working for Nuveen Investments and taught herself the language of municipal bonds. In that career she became a higher education specialist and eventially was appointed as Financial Advisor to the Illinois Educational Facilities Authority.
In 2000 she retired so she could write books and run for president in the New Hampshire primary on a teen platform in order to teach her grandchildren and other teenagers about politics.
Her first book was The Young Investor: Projects and Activities for Making Your Money Grow, published in 2001. The second edition, revised to include online sites and market updates, was published in October 2010. In September 2008 she published Kentucky Clay: Eleven Generations of a Southern Dynasty. She continues to dream of publishing a cookbook for beginners called Canning Out of Urban Kitchens that teaches the joys of making small batches of preserves, relishes, and chutneys using local farmer's markets.
Her web site is www.kentuckyclay.com.
