Money lessons for life

Author: Li Renshu, Illustrations by Pu Yuanpei
Publisher:
Publish Date: 2005-11-01
Features: A must-read for children's economic education in Korea, telling you how to become an "eagle-type" child. A must-read for children's economic education in Korea, telling you how to become an "eagle-type" child. Who will be the future millionaire? Of course, it's the children who are raised with an economic mindset! Learning about economics, managing finances—you can also become an "eagle-type" child! The correct economic knowledge will help children independently plan their lives and achieve their dreams. When it comes to money, finance, economics, and wealth, we must remove our biased lenses and a correct, objective attitude. The right economic education is precisely to give children this attitude! This book selects the economic topics children want to know, explaining all their questions about economic activities in simple and clear language, along with super cool cartoons. It turns out that the mysteries of money are so simple. Let's all learn about economics! Economics is our hope—it will give us bright eyes to see this world more clearly! We can all become future millionaires!
1 The Five Friends of Economic Activities
1 The Five Friends of Economic Activities
01 Income, Consumption, Savings, Investment, and Donations
Adults' lives are closely tied to economic activities. No one can be detached from economic activities. What is economic activity? Clothing, food, shelter, transportation, buying goods, and various types of savings are countless. Among these numerous economic activities, there are some that are essential to our lives. Economic activities have five friends. If you want to become an economic person and develop the right habits, you must know these five friends.
■ Income (Earning Money)
■ Consumption (Spending Money)
■ Savings (Saving Money)
■ Investment (Making Money Grow)
■ Donations (Giving Money to Others)
For young readers, currently, income and investment are still far away from us. Most of children's economic activities fall under the categories of consumption and savings. The economic activities in schools and families mainly consist of receiving, using, and saving pocket money. The foundation of economic activities is mutual help. Giving money to others is considered donations. Children can also engage in donations, which helps them understand that this world is not owned by one person but needs to be maintained together. The economic knowledge we learn at home and in real life can currently be summarized as "The Five Friends of Economic Activities." Not only do we need to recognize these five friends, but we should also get to know them better. This way, we can all have a bright future.
02 Money Is Like Oxygen
Money is a good friend that helps us achieve our dreams. Money plays a vital role in our lives. Without money, we can't buy delicious cakes, toys, or pretty clothes. The internet, which is indispensable in the 21st century, is also supported by money. In Korea, people say, "Money is like oxygen." Without oxygen, humans cannot survive. Similarly, without money, humans cannot live normally.