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Book details
  • SubGenre:Personal Finance / Money Management
  • Language:English
  • Pages:154
  • Format:Paperback
  • eBook ISBN:9781098370138
  • Paperback ISBN:9781098370121

What Every Teen Should Know About Money, Accumulating Wealth and Becoming a Millionaire

by Kenneth Daut

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What does it take to become a self-made millionaire? Ken thinks he has the answer and wants to share what he has learned with young teens.
Kenneth Daut had just one question at the age of 13: What will it take to become a millionaire? Unfortunately, no one seemed able to tell him. In fact, some actually laughed at him and said, "If I knew the answer to that I wouldn't be standing here talking to you!" Finally, after another 30+ years, he became one and realized that it wasn't what he expected. Many sports figures had made millions of dollars and yet were flat broke within 5 years after retirement. What he wanted was lasting wealth. His definition of millionaire had changed. The lessons he learned along the way, taught him that making a million dollars was not the answer but having investments that make a million dollars, that replenish itself over and over making money his employee was the answer. Looking back, he has found that most people were their own worst enemy when it came to accumulating wealth and points out many of the most common mistakes. He believes people learn more from stories than from textbooks, so he has approached this subject in non-fiction story form. He uses an abundance of quotations from well known people and philosophers on the subject of success and common sense. While this book may be written for 13 year old's, anyone wanting to know the answer to his quest will find this book informative as well as entertaining. This is the ideal book for grandparents to give their young teenage grandchildren.
About the author
Kenneth Daut was born and raised in Los Angeles and is a graduate of UCLA where he earned a BA in Political Science. Later he was able to attend Cal-Tech Pasadena through his employer and attained a Certificate in Engineering Management. Inspired at an early age by people like Kirk Kerkorian that he read about and millionaires that he met, he knew there was somehow a way to become a self-made millionaire. His parents told him innumerable times that education was the key to success which he believed but he knew that there had to be something more to it than that. Not afraid of hard work, Ken worked many jobs in different fields before attaining his objective including digging ditches, loading and unloading baggage off of passenger jets at LAX, delivering newspapers at 4:30am, driving trucks, selling life insurance, a business development officer of a bank, a finance analyst at a major aircraft manufacturer which also led to Industrial Engineering, Facility Engineering and becoming a manufacturing manager at the same company. Along the way he came to realize that he was in control of his own destiny, and he and his wife have owned multiple businesses and investment properties.
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