A Dog Named Money

Key Concepts and Strategies

The book «A Dog Named Money» by Bodo Schäfer explores financial literacy through the story of a girl named Kira and her dog Money. The main concepts and strategies of the book include:
1.The importance of setting financial goals and visualizing them. Kira learns to set specific goals and visualize them as pictures to make them more tangible.
2.Creating a budget and controlling expenses. Kira keeps track of her income and expenses to better understand where her money goes and how to save it.
3.The principle of «pay yourself first». This means setting aside a portion of income before spending on other needs.
4.Investing and saving. Kira learns about the importance of investing and creating passive income to achieve financial independence.
5.Education and self-development. Kira understands that continuous learning and development are necessary for success.
6.Belief in oneself and one's abilities. Kira learns to overcome fears and doubts by believing in her strengths and capabilities. These concepts help Kira and the book's readers better manage their finances and achieve their goals.