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Blue Chip Kids: What Every Child (and Parent) Should Know About Money, Investing, and the Stock Market by David W. Bianchi

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CHAPTER 1 MONEY, MONEY, MONEY

Money comes in all shapes, sizes, and colors. It flows around the world all day long, and thanks to computers you can even make it disappear with the push of a button.

The Journey Begins

You need money for everything these days.

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You have to pay just to be born; you have to pay the hospital, you have to pay the doctor, you have to pay the nurses, and you have to pay for all the stuff they give you in the first minute of your life. Somebody gets a bill for all of that, and it's not cheap.

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You have to pay to die. You have to pay the doctors and nurses who take care of you in the last minute of your life, and somebody has to pay for your funeral and burial after you are gone. That's not cheap either.

In between your first minute on this earth and your very last minute of life, you will need money for everything: food, clothing, a place to live, school, a car, insurance, vacations, the electric bill, the cable bill, your iPhone, your computer, gasoline, the lawn mower, furniture, your boat, presents for your family, and everything else you can think of. Money is as essential to life as we know it as oxygen is for breathing. Like it or not, you have to have money.

Over your lifetime you will earn money in a variety of different ways. You may start ...

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