Review: ‘Money Can Grow on Trees’ Graphic Novel

One of life’s most important practical lessons happens to be a subject that isn’t often taught in school or discussed much by parents…budgeting. This is where Oliver Pursche’s new graphic novel Money can grow on trees Between.

(Image by Skip Owens)

What is that?

Money can grow on trees is a graphic novel, but it’s not a superhero battle set in outer space or a struggle for survival in a dystopian future. Nope, Money can grow on trees is a graphic novel that examines the daily lives of high school and college students in varying degrees of struggle to make ends meet with their finances. The stories are based on real life situations Oliver has encountered during his many years as a financial advisor. Each story covers a specific character or set of characters, introducing new financial planning and budgeting topics while simultaneously showing you how those topics apply in a real-life setting.

I think almost every student can relate to this (Image from Imagine & Wonder Publishers)

Who is this book for?

Money can grow on trees was written for high school and college students who have just landed their first job and are discovering how to budget for the life they lead. But more importantly, it was also written for parents. The demographics for this graphic novel target where my three kids are right now (graduating from high school and starting college). What I really liked about the graphic novel, especially as a parent, is that it was really written for students and parents. It gives students a very realistic set of characters going through situations similar to what they’re going through, but it also gives parents advice on how to help their teens and young adults and, more importantly, when to let go. and letting go and letting go. themselves do it. Finances are one of those topics that are best tackled in an interactive and collaborative way. In other words, just reading a few articles or books on finance doesn’t translate well to being able to apply them successfully. This book opens the door for parents to sit down and work with their children on finances, which is truly the ONLY way to teach someone about finances.

At the same time I was reading Money can grow on trees I was also sitting with my eldest daughter and working out a budget for her. She has worked for several years now and still lives with us, but is largely financially independent. But sticking to a budget in the age of debit and credit cards is nearly impossible, unless you have a ton of time to spend on spreadsheets or budgeting software. So we worked out a mostly cash envelope system budget for her. Have the Money can grow on trees The graphic novel was a nice addition for my daughter to read and we can have something to say while we adjust her budget in the future.

Main takeaways

In my mind, there are a few key aspects of setting up and living on a budget that are often overlooked and this graphic novel brings them both back very well. The first concept is to pay yourself first. Budgeting takes effort and if you put in the effort, shouldn’t there be some sort of reward? That’s why make sure your budget is set up so that you pay yourself first for the goals or activities that are important to you, while also paying for things like bills, rent, and food. . Otherwise, budgeting is considered like any other chore and people really like to avoid chores if they can. But if this drudgery allows you to do things you really want to do, it’s no longer considered a drudgery…it’s more of a means to an end.

Planning ahead and paying yourself first can really pay off in the long run (Image from Imagine & Wonder Publishers)

The other key concept that is so important to finance is the power of compound interest. The biggest misconception about money is that you have to have a lot of it to earn a lot more. But if you combine compound interest with the length of your professional career, you get a combination that results in earning potential that almost defies logic. In fact, when you see the numbers, you literally have to do a double take because they seem like they can’t be right (but they are). Save early (even if only a little) and you’ll be far ahead financially than if you waited to earn more money in the future and save more but for less time.

This chart really highlights the powerful combination of compound interest and time (Image from Imagine & Wonder Publishers)

Verdict

Another thing that really impressed me about this graphic novel is the author’s brutal honesty. Oliver Pursche uses an example near the end of the book to show how easy it is to overextend yourself in terms of what you can afford and get into financial trouble. Yes, even a financial expert can make mistakes.

The graphic novel is very well structured. It has a nice table of contents that makes it easy to revisit certain topics and the end of the book has a nice glossary of terms to go along with the stories throughout the graphic novel that introduce and explain those topics. The book also covers all the major topics such as budgeting, investing, pay first, compound interest, rent-to-own, payday loans, credit card top-ups, and the good or bad debts.

Money can grow on trees is a great mechanism to start a collaborative effort between you and your kids on finances and I highly recommend it for kids (early high through college) and parents. Money can grow on trees is now available in paperback for $19.99 (or $24.99 in hardcover) from Amazon.

Disclaimer: A copy of the graphic novel was provided to me as part of this review, but the opinions expressed in this review are my own. As an Amazon Affiliate, I can earn a small commission on qualifying purchases.

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