9 Money Facts: Everest for Kids and Parents

Everest for kids + parents: Your kids can share these cool money facts in the lunch room, and you can use one or two at the water cooler. | http://www.moneyprodigy.com/everest-for-kids-money-facts/

While researching for the Mt. Everest Money Simulation, I came across some cool money facts I couldn’t wait to share with you to help bring alive Everest for kids + parents.

I’m gearing up towards delivering the Mt. Everest Money Simulation over here at Money Prodigy headquarters (that sounds much more dazzling than “my home office”).

My research, talks with experts, emails to actual summiters, etc. has brought up lots of learning, especially in the money realm of what it takes to attempt the climb to the top of the world.

I thought it’d be fun to share some of these money facts about Everest with you, whether you have the opportunity to go through the program or not.

Psst: Interested in updates on the Mt. Everest Money Simulation, including how your own child can go through it? Click the image below to subscribe and be the first to hear more. And don’t miss out on my two Everest for kids book posts, Everest for Kids Reading List, and Yaks and Yetis: Exploring Everest for Kids through Books.

Everest Money Fact #1: The Cost of a Helicopter Rescue Mission

Evacuations off of Mt. Everest can be attempted for a variety of reasons, such as broken bones, injuries from avalanches, such as the one that hit the mountain in 2015 when a 7.8 magnitude earthquake hit the country of Nepal.

While the Nepal Army used to be the main provider of helicopter services, today it’s a private company, Fishtail Air, that is in charge of many of the evacuations.

The cost of a helicopter evacuation depends on where the flight starts and flies to, and is usually between a whopping $4,000 and $20,000.

Everest Money Fact #2: The Nepalese Government Set a Minimum Sherpa Pay Rate

The Sherpa are an ethnic group living in the Khumbu mountain area of Nepal where they raise yaks and farm. They were nomads (meaning a people traveling from pasture to pasture to feed their livestock with no permanent home), and migrated from Eastern Tibet around 500 years ago to the foothills of Mt. Everest. Because of where they live, they’ve become acclimatized to high altitudes, more so than other people.

They never used to climb mountains, especially not for sport. However, in the 1920s when the British were first Himalayan mountaineering, they hired Sherpas as porters to carry their supplies. Thus began a very lucrative and dangerous relationship with Western expeditioners to Everest.

Just like we have the minimum wage here in the United States, currently set at $7.25/hour, the Nepalese government decided to protect Sherpas by setting a minimum pay rate for them.

While the average Nepalese earns $700 income annually, Sherpas who climb Everest can make between $3,000 and $5,000 in a single season. Those who summit typically earn more.

The minimum wage for Sherpa guides and porters is 2,000 Nepalese Rupees (about $23/day).

Everest Money Fact #3: Travel Insurance Policies have a “Peak” Coverage Limit

If you look deep into your health insurance policy, you likely are not going to find coverage for being evacuated from the top of the world.

In fact, most travel insurance policies peak out at above 4,000 meters (about 13,123 ft, so not even Everest Base Camp, which sits at 17,500 ft.), so they’re no good on Everest.

This is why Everest climbers should buy evacuation insurance, which will pay for a helicopter to get you off the mountain in the event of an emergency (so long as the helicopter can semi-safely get to you).

Everest Money Fact #4: The Cost of Evacuation Insurance

I priced an actual Evacuation Insurance policy from TripAssure, an actual company used by Everest expeditioners for the Mt. Everest Money Simulation. For a 28-year old male from Colorado, it came to $4,069. There is no deductible on this plan, meaning if you need a helicopter evacuation, you don’t need to pay anything else in addition to the premium paid.

Everest Money Fact #5: Hot Air Balloon Ride over Everest for $4.8 million

Chris Dewhirst is offering a once-in-a-lifetime experience on IfOnly.com: a hot air balloon expedition to soar over the top of Mt. Everest. And the cost? Just $4.8 million per person.

Which includes, “an attempt at crossing Mt. Everest in a hot air balloon, not necessarily the successful completion of that journey.”

I mean, who can guarantee Everest? No one, really.

Everest Money fact #6: Everest Expeditions Account for 4% of Nepal GNP

GNP, or Gross National Product, is the total value of all products and services produced in a country in one year. Each year, Everest expeditions alone bring Nepal in around $500,000 through things like permits, Sherpa pay, and climbers spending money on hotels (teahouses), food, and souvenirs.

This accounts for around 4% of Nepal’s total GNP.

Everest Money Fact #7: You Need a Permit to Climb Everest, and it Costs Money

You can’t just climb Everest, either from the Tibet (China), North side, or from the Nepal, South side. Both governments require you purchase a permit from them to do so.

Here are the current prices:

  • Tibet (China) Permit: $9,950/climber (and must be in a group of 4 climbers, at least)
  • Nepal Permit: $11,000/climber

Everest Money Fact #8: There is a Deposit Fee for Your Trash

It turns out Mt. Everest has a serious garbage problem. Between chocked oxygen bottles, human waste, and trash, there’s over 50 tons of trash everywhere.

To combat this situation, Nepal started requiring that each climber bring down 17.6 pounds of trash with them…or forfeit the $4,000 trash deposit they put up.

Everest Money Fact #9: An Everest expedition costs between $35,000 and $100,000

You can technically go to Nepal , buy the permits and supplies that you need, hire your own Sherpas to help, pay some fees to use the equipment from other expedition companies + the Icefall Doctors on the mountain, and climb Everest mostly on your own.

But it’s typically a much better decision to go with an expedition company who will take care of most of the logistics plus ensure your safety as much as it can be ensured while summiting a 29,035 foot mountain.  Not only that, but you can split some of the costs across members of the team, such as the permit fees or the cooks.

The cost of climbing Everest has a huge range, from $35,000 for build-your-own-expeditions, to $100,000 where you can be served white wine in your tent.

If you’ve got a fascination with Everest, then be sure to share some of these money facts about Everest for kids + parents. It really helps shed some light on the climbing logistics as well as some Nepalese culture!

Yaks and Yetis: Exploring Everest for Kids through Books

Yaks and Yetis: Exploring Everest for Kids through Books |

Make Everest for kids fun by sharing books on Himalayan culture + myth (Yaks and Yetis).

What’s a good way to explore Everest for kids?

This is something I’ve been asking myself ever since Money Prodigy was awarded The PLUTUS Foundation grant in order to create + deliver the Mt. Everest Money Simulation Program to kids.

Psst: Perhaps you’d love for your own kid to get in on the adventure? You’ll want to click the image below to subscribe and I’ll be sure to keep you updated first about how the Mt. Everest Money Simulation progresses.


Just like with most anything else in life, I’ve turned to books.

Why Yaks and Yetis?

Besides the fact that these are possibly the two coolest “y” words in the English language?

Yaks and Yetis both provide a lot of cultural color to Mt. Everest.

Yaks are integral to both Everest expeditions and to the Sherpa people. The trek to Everest + the area where the Sherpa people live is really rugged, so wheels aren’t a good option. Yaks provide transportation for things like building materials, trekking gear, sick people, mail, etc. Not only that, but the Sherpa people have incorporated a variety of yak products − yak butter, wool, dung for fuel, meat, yak cheese, etc. − into their everyday lives.

And Yetis? It turns out that they were a protected species until 1958, and one country in the Himalayan region, Bhutan, still has a Yeti sanctuary (the Sakteng Wildlife Sanctuary). So who are we to say they don’t exist?

I’ll continue on in creation mode, excitedly piecing together the Mt. Everest Money Simulation (it’s gonna be a pretty wild ride!).

But in the meantime, I’ve curated a list of Yak and Yeti books below (on top of my original list of kid’s Everest books) I’ve personally read to get you + your child excited about this money simulation.

Bonus: Use this list to bring some heat relief during a summer reading program, to enjoy with year-round reading programs for kids, to cultivate your child’s imagination, before heading out on a hike or to the rock climbing gym, etc.

Book #1: No Yeti Yet, Mary Ann Fraser

Age Range: 2-5 years

This is a super cute, well-illustrated book about a brother taking his younger sister on a Yeti hunt out in the snow. The younger sister has all kinds of questions for him, and while they traverse the great outdoors, the Yeti follows them around in a charming way.

Your kiddo will have fun pointing that out on every page, despite the characters not realizing it until halfway through the book!

Life Lesson(s):  Sometimes what you’re looking for is right under your  nose…or sledding right behind you.

Book #2: The Thing About Yetis, Vin Vogel

Age Range: 3-5 years

If you’re looking for a Yeti that more closely resembles a cute pet than the abominable snowman, then you found it. This little guy just loves winter. He loves hot chocolate (with tons of marshmallows, of course), and ice-skating “Yeti-style”, and all kinds of winter activities.

The secret he has? Well, he also happens to miss summer from time to time.

Life Lesson(s): This is a book about making the most of your current situation, whether that be a season you’re getting tired of, or whatever else in life.

Book #3Are We There, Yeti?, Ashlyn Anstee

Age Range: 3-6 years

This book features a marshmallow-like Yeti who is very friendly, and invites kids along on a bus trip to meet some other very friendly Yetis. The kids and kid-yetis all play together doing things like building snowballs, sledding, and making snow angels (maybe they should be called snow yetis at this point?).

It’s got me saying over and over again to my husband, “are you ready, yeti?”

Super cute book.

Life Lesson(s): Some things are worth waiting for!

Book #4: Namaste!, Diana Cohn

Age Range: 3-7 years

Nima, an Everest Guide’s daughter, takes your kid into the life of a Sherpa family. Her father works once a year for several weeks at a time, and one of the ways he and his daughter get reacquainted is by telling one another  a story each time he returns.

One of the ways she brings joy into the world is by sprightly telling all passersby − even a caravan of yaks and naks (female Yaks) − Namaste, which means, “The light in me meets the light in you.” It’s truly an entirely different world, brought alive by very vivid illustrations.

Life Lesson(s):  You can bring so much joy to others’ lives with simple acts of kindness.

Book #5: Dear Yeti, James Kwan

Age Range: 4-6 years

There are two hikers looking for a Yeti. They leave him short letters for updates on their progress. The cutest thing is, a very empathetic, snuggly Yeti is following them all along. He helps them out by providing food, and is there for them when they meet with a much less friendly grizzly bear.

Life Lesson (s):  Friends come in all shapes and sizes.

Book #6: Uncle Bigfoot, George O’ Connor

Age Range: 4-8 years

Okay, okay, so not exactly a yeti. But it’s an endearing book about a kid who suspects his Uncle Bernie is actually a Bigfoot. After all, he’s got hair in lots of places, a big belly, has huge feet and doesn’t ever wear shoes (probably sounds like someone we all know in life)!

Life Lesson(s): Don’t be too fast to jump to conclusions.

Book #7: Kami and the Yaks, Andrea Stenn Stryer and Bert Dodson

Age Range: 4-8 years

Kami’s father and older brother, Norgay, work as Sherpas on Everest expeditions, giving your kiddo an interesting, non-western perspective about the lives of people who make Everest summits possible.

For their next expedition, they go searching for their four yaks in order to load them up for the trek. Unfortunately, they can’t find them.

When Kami, who is deaf, uses a whistle to call the yak Curly Horn, I had memories of my own childhood on our farm when we had a specific cow call to round them up for the evening milking.

He ends up saving the day + earning his family’s pride and respect.

Life Lesson(s): When you know that someone or something is in real danger, keep trying to tell people until they’re ready to listen. Also, you have real value to others, even if you’re not like everyone else. Even if you’re really young, like Kami!

Book #8: Snowbound Secrets, Virginia Knoll & Nivola Uyá

Age Range: 5+ years

Can I just say how much I love the illustration colors in this book? I look at it and feel calm…which is funny considering there is a big yeti on the cover.

Wait…there’s yaks too!

Transport your child to a world completely different from their own — Bhutan — with yak-herding, big brothers teasing their little sisters about yetis getting them, black-necked cranes, and trail-trekking.

Spoiler alert: Pem does not get eaten by the yeti.

Life Lesson(s): Everyone, including yetis, are at heart just trying to raise good children and protect their families. It’s something we can all connect with on at a deeper level, no matter if we’re hairy monsters, kids living on a mountain in Bhutan, or if we live in Galveston.

Book #9: Tibetan Tales for Little Buddhas, Naomi C. Rose

Age Range: 6-11 years

This is a collection of three wise tales from Tibetan culture, complete with a foreword from the Dalai Lama + actual Tibetan writing along with the translation.

These are timeless tales, and I love that about them. For example, in Yeshi’s Luck, Yeshi learns the importance of remaining calm within yourself no matter what happens in the outside world. Other life lessons are below.

Life Lesson(s): Hold tight to your faith, whatever it may be, so that you can remain peaceful in your mind despite what life throws you. Go with the flow. Face your fears with love and kindness, and you will become free to “love and let be.” And in helping others, we almost always help ourselves.

Book #10: The Animals of Asia: Yaks, Willow Clark

Age Range: 7-10 years

Did you know there are both wild yaks and domestic yaks? Wild yaks are brown, and live in Northern India as well as the Tibetan Plateau. Domestic yaks are all kinds of colors, and have been raised by the Tibetan people plus people of Nepal, Bhutan, Mongolia, etc. for thousands of years.

It turns out that the wild yak is considered a vulnerable species, and are extinct already in Nepal as well as Bhutan. They live at an elevation of around 14,800 feet in alpine meadows, alpine steppes, and desert steppes, and can withstand temperatures of -40 degrees Fahrenheit! In fact, because of their wooly hair, they start overheating at around 60 degrees Fahrenheit.

Life Lesson(s): This book reads like a kid-friendly textbook, and not necessarily one full of life lessons.

Book #11: Mysteries of Giant Humanlike Creatures, Kathryn Walker

Age Range: 8-11 years

Looking for a fun, monster encyclopedia-type book for your kiddo? This might be it, at least as far as human-looking monsters are concerned. There are about six pages dedicated to the yeti, with some interesting historical information about sightings from a variety of sources + some great photos. You’ll even learn why we call the yeti the Abominable Snowman, and how it’s a mistranslation.

Life Lesson(s):  Not sure that this book necessarily has a life lesson, except to be both skeptical + open-minded when determining if something is true.

Book #12: An Accidental Adventure: We Are Not Eaten by Yaks, C. Alexander London

Age Range: 8-12 years

Walk into the lives of a most interesting family, where the 11-year old twins are addicted to television and think watching it is their birthright, and the parents are uber-adventurists with little regard for what their kids want (which might be why their kids are very against anything doing with adventure!).

Their mother has disappeared, and they head with their father to Tibet to go find her. There’s lots of Himalayan adventure, including monks, yaks, yetis, etc.

Someone on Amazon wrote that this book is Indiana Jones meets Lemony Snicket, and I think that’s the perfect way to describe what you’re getting.

Life Lesson(s): Hmmm…I hate to say it, but the parents need to learn to be better parents, and the kids need to learn how to turn the television off and live life. Some of this plays out in the book with the characters learning from their mistakes, but mainly the reader needs to come up with these lessons by watching this story unfold.

Book #13: The Abominables, Eva Ibbotson

Age Range: 9-12 years

Lady Agatha is whisked away to the Nanvi Dar valley one night by a male yeti from the tent she’s sleeping in with her own father. The male yeti has three yeti babies, and no mother to raise them. She immediately realizes this, and gleefully takes on the task of teaching them all things proper (at least in English society). One of the babies even takes a yak for a pet!

Agatha gets worried as more and more tourists come to the Himalayan mountains. Suppose they put her yetis into a zoo? Or make them part of a circus act?

I really like the writing in this book, aside from the very interesting scenarios. Great for expanding the imagination (whether you’re a kid or an adult!).

Life Lesson(s): This book really highlights human rights + helping one another out, whether you’re human or not.

Book #14: Sammy Feral’s Diaries of Weird: Yeti Rescue, Eleanor Hawken

Age Range: 12-17 years

If you’re looking for weird, this is it. In a fun way! There’s an acid-spitting, Mongolian Death Worm who lost his best friend, Bert, who happens to be Chief Yeti. He ends up finding Sammy Feral, whose family are ex-werewolves and own the crazy Feral Zoo, because they happen to have the last known Wish Frog in existence.

…see what I mean?

Their plan to get the Yeti back? They need to find a yeti to put out a yeti call, which will summon the Ministry of Yetis from around the world, who then will be able to find Bert.

What I like about this book is the humor, and the complete silliness that is accepted as part of Sammy’s everyday life.

Note: this is book #2 in a series of books, but I was able to follow along from the beginning without having read book #1 in the series.

Life Lesson(s): I love how everyone’s very unique and sometimes strange talents are played out in this book. Your unique talents, and everyone else’s have a purpose.

Everest for Kids Curated Reading List

Explore Everest for Kids through this curated reading list, sorted by age. Then come check out the Mt. Everest Money Simulation Program! | http://www.moneyprodigy.com/everest-for-kids-curated-reading-list/

Help your child explore Everest for kids with this curated list of books.

It’s no secret that Mt. Everest has been on my mind lately.

Psst: Are you new to these parts? Money Prodigy was awarded The PLUTUS Foundation grant in order to create + deliver the Mt. Everest Money Simulation program to kids aged 8-13 years old. Woohoo! Perhaps you’d love for your kid to get in on the adventure? You’ll want to click the image below to subscribe and be the first to hear updates on the program + how to get your kid involved.

The Mt. Everest Money Simulation is going to be a pretty wild ride.

In the meantime, I’ve curated a list of kid’s Everest books I’ve personally read to get you + your child excited about this money simulation. Use this list with year-round reading programs for kids, to fill up a summer reading program, cultivate your child’s imagination, before heading out on a hike or to the rock climbing gym, etc.

P.S. I read every single book below! You wouldn’t think I’d recommend something without reading it first, would you?

Mt. Everest Children’s Book #1: The Top of the World, Steve Jenkins

Age Range: 4-7 years

Everest is no evening stroll. Heck, it’s not even a Siberian-winter evening stroll. There are many dangers and discomforts along the way. That’s why up until now, only 4,469 people have ever successfully summited it.

What I like about this book is it lays out the many dangers of Everest − frostbite, limited oxygen, huge winds, etc. − for kids to start wrapping their heads around what it would be like to climb to the roof of the world. Think geography textbook, but with beautifully illustrated, cut-paper collages.

Life Lesson(s): This doesn’t read like a storybook. So really the life lessons are more like, “if you climb Mt. Everest, which is crazy, there are many dangers involved.” Actually, that’s probably a pretty good life lesson for most of us!

Mt. Everest Children’s Book #2: First to the Top, David Hill

Age Range: 3-10 years

I’m just in love with the illustrations in this book, which follows Sir Edmund Hillary (knighted because of his Everest Summit) from his New Zealand childhood all the way through to being the first of two people to ever summit Mt. Everest. And the second person who was with him? Tenzing Norgay, who saved his life after Ed fell into an Everest crevasse. The two remain lifelong friends.

I also love how this book lays out a map of Everest with each camp + the height (though in meters) along the way.

Life Lesson(s): Don’t give up on your dreams, even if you don’t reach them the first time round. Hillary actually had to wait two more years after his first unsuccessful attempt (and go back to beekeeping) before getting his chance at a second, and successful, attempt to summit. Hillary now rests on the New Zealand five-dollar note.

Mt. Everest Children’s Book #3: Tiger of the Snows, Robert Burleigh

Age Range: 7-10 years

Did you know that the Sherpa, native people from an ethnic group indigenous to Tibet, are called Tiger of the Snows? This is because of their amazing mountaineering skills, loyalty, and dexterity shown time and time again as they partner with Westerners in their quest for the summit.

Living close to Mt. Everest in the Himalayan area, these people have larger lungs and larger hearts from birth, so they are much more suited and can acclimatize more easily while climbing Mt. Everest. More than 3,000 Sherpas live near Everest, with the majority of them offering work to Himalayan climbers. Like porters, cooks, herders, and high-altitude climbers. In their economy, Sherpas earn around $160/year. Today a Sherpa earns around $1,400-$2,500 per two-month expedition.

In fact, one Tiger of the Snow, Tenzing Norgay, was one of the first two people to summit together with a New Zealander beekeeper to the top of Mt. Everest on May 29, 1953. This beautifully illustrated children’s book pairs dramatic poetry to talk about Tenzing’s journey from childhood dream to actual summit day.

Life Lesson(s): Dream as a child. Just like Tenzing did. Then do the work to make those dreams come true. And after you do? There might be a little sadness, and there will be much, much joy at what you’ve accomplished.

Mt. Everest Children’s Book #4: The Young Adventurer’s Guide to Everest, Jonathan Chester

Age Range: 8-12 years

This book is really a how-to guide for climbing Mt. Everest, from Jonathan Chester, who has lived a life of adventure + exploration. Don’t be surprised if your kids start trying to climb the trees outside in expedition-fashion after reading this book, like my brother, sister, and I did with barn harnesses when we were younger!

Funny Note: Right after I typed that about the tree climbing above? I noticed a quote on the last page of this story says, “My best advice for a 10-year old who wants to climb? Start practicing in the tree nearest your house…” So I wasn’t too far off there.

Real life info includes things like gear lists, resources, real-life photos, what meals look like on the mountain (spam, anyone?), and very detailed information, such as the strategic placement of zippers and Velcro on down suits so that you can, um, go to the potty.

Life Lesson(s): Maybe how to plan a big expedition? Again, this book does not read like a story, so the life lessons don’t wrap up nicely at the end.

Mt. Everest Children’s Book #5: Into the Unknown, Steward Ross

Age Range: 8-12 years

This is a book that looks at several infamous explorations of land, sea, and air, including a section on Tenzing Norgay and Edmund Hillary’s summit to Mt. Everest in 1953.

A lot of great history here, as well as laying out the specific problems early explorers faced. Such as,

“At 10,000 feet, the brain loses 10 percent of the oxygen it needs for thinking. At 18,000 feet, 50 percent is lost, and moving becomes difficult. Above 26,000 feet, 70 percent is lost and it is hard to sleep, drink, or eat. Yet Everest stands a towering 29,028 feet above sea level. No one knew for sure whether it was even possible to survive that high.”

And were you ever curious of what Hillary’s last meal was prior to summiting? Well, turns it was a breakfast of sardines on biscuit, and lemon juice sweetened with sugar.

What I love about this book is the adventure-journal feel of it. Each adventure it explores comes with foldouts of maps, equipment identifiers, and other cool things. The whole book feels like a set of exploration field notes.

Life Lesson(s): Hmmm…perhaps that sardines are good for something? Just kidding. I think the biggest lesson from this small literary exploration of Hillary’s successful summit is that it takes a team to accomplish the great. Even though Hillary and Norgay were the first to summit Everest, they really only were able to because they benefited from so many others’ failed attempts and learned from those mistakes.

Mt. Everest Children’s Book #6: Edmund Hillary Reaches the Top of Everest, Nelson Yomtov

Age Range: 8-12 years

What I like about this book is it sets the scene for the first summiting of Mt. Everest through comics, meaning there is a lot of everyday dialogue that makes the whole thing more real.

Life Lesson(s): I like the way the characters emphasize safety above glory in this book. I think that’s a strong message.

Mt. Everest Children’s Book #7: Conquering Everest, Natalie Hyde

Age Range: 8-12 years

If you’re looking for a fun, visually-satisfying, factual account all about Mt. Everest for your child to dive into, then this is a good book. There’s a nice section digging a little more deeply into Sherpa culture than some of the other books. I also really dig the historical photographs throughout.

Life Lesson(s):  This one is not so much a “life lesson” type of book. Still, what I like about it is the section at the end updates how things have changed since 1953 when Everest first successfully summited, showing how progress can be a really good thing.

Mt. Everest Children’s Book #8: Summiting Everest, Emma Carlson Berne

Age Range: 11+ years

Chronicling Hillary and Norgay’s expedition is nothing new (you’ve read of several other books that do this above). But what I love about this book’s approach is they show actual photographs, (mostly) in color, of that expedition. So it really brings the whole thing to life.

Life Lesson(s):  This book shares a lot of thoughts from Hillary as he makes his summit, starting from Kathmandu, all the way up. So it’s interesting to see his own doubts, but being able to push through them for the ultimate glory beyond.

Mt. Everest Children’s Book #9: The Worst-Case Scenario Everest, Bill Doyle and David Borgenicht

Age Range: 9-12 years

After months of researching Everest expeditions both old and new, I can say that this book is extremely true to the subtle (and not-so-subtle) nuances of climbing Everest. Your child gets to read through an adventure story that is made up of snippets from real expeditions, then make decisions at different points to determine their ultimate fate on this Everest expedition.

They’ll make choices between things like taking a much-needed nap in Camp II versus taking a walk with a Sherpa to get to know them better + acclimatize at the same time, whether or not to eat an apple pie near the Namche Bazaar, and whether or not to lean into the climbing rope on a ladder when you think it’s going to knock you off balance.

I also dig that the illustrator used to work for Marvel Comics, and you can definitely feel that vibe throughout. Finally, there’s some really great information for your child to absorb in the back files before they take on this mission.

Life Lesson(s): Your choices have consequences. So think through your decisions carefully.

Mt. Everest Children’s Book #10: Peak, Roland Smith

Age Range: 12+ years

This is a novel. Peak, 14-year-old son to two “rock rats”, gets into major trouble after he’s caught climbing the Woolworth Building in New York. It’s actually not the first time he’s climbed a skyscraper in secret.

His real father, whom hasn’t been in his life at all, comes from his Thailand to take Peak to live with him for awhile in order to (legally) avoid juvenile detention. Turns out, Joshua (his father) leads expeditions to Mt. Everest, and so he takes his son on one. Though his son quickly finds out that his father has plans to get the youngest person ever — Peak — to summit, then put the news story out so that his new expedition climbing company will gather fame and bring in money.

Life Lesson(s):  The main character learns many life lessons along his journey, such as being faced with the truth that many others in the world are much less well-off than he is, as well as the value of friendships and people over blind ambition.

Mt. Everest Children’s Book #11: No Summit Out of Sight, Jordan Romero

Age Range: 12+ years

Jordan is an extraordinary kid. Son to two adventure-buffs, he becomes inspired to climb the 7 summits (actually, 8 summits) in the fourth grade after passing by a school mural his entire third grade year. Talk about the power of things like school bulletin boards!

His parents fully take on his challenge, helping him financially (plus sponsors), mentally, physically, and emotionally along the way. He learns so much about himself, and feels he fully becomes a young man on the mountains. Jordan sets lots of world records, including the youngest person to ever climb Everest (from the less popular North side, at that) at age 13.

Life Lesson(s):  There are many life lessons in this book. What I like about it is Jordan keeps things real. He talks about his goal, and his passion oozes off the page. But he also talks about his doubts, his fears, and how he had a lot of people helping him to pull this off. So many life lessons in this one!

Announcement: The Mt. Everest Money Simulation Receives Grant Funding

Wondering how to teach kids about money? We're creating the Mt. Everest Money Simulation Program & just received funding from The PLUTUS Foundation. Come learn more. | http://www.moneyprodigy.com/announcement-grant-everest-simulation/

We’re answering the question how to teach kids about money by creating a grant-funded, Everest money simulation program that will blow Personal Finance worksheets off the South Col.

At the heart of why I created Money Prodigy was to offer an innovative solution to the question: how to teach kids about money?

It’s a question that we, as a nation, have failed at answering.

How do I know that? Well, results from things like The Organization of Economic Cooperation and Development’s 2012 Financial Literacy Test show our kids falling behind countries like Estonia, Poland, and China in their personal finance comprehension.

That’s just not good enough!

And it’s no wonder they are.

Only 17 states have personal finance requirements in schools, and 60% of teachers confess they do not feel qualified to be teaching personal finance anyway.

I created Money Prodigy with the sole mission of closing this money education gap, one kid at a time through my Compound Impact Mission.

And on March 1st, I got much closer to doing just that.

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Announcing Grant Funding

Earlier this year, I applied to The PLUTUS Foundation’s grant program in order to fund the creation of the first Money Prodigy money simulation program: The Mt. Everest Money Simulation.

On March 1st, I was thrilled to learn that my grant proposal was chosen! I’m now heavily in creation phase of bringing this program to life.

Why Mt. Everest?

You might be wondering why on earth I’ve chosen a fictitious Mt. Everest Summit bid to teach personal finance to kids.

Let me give you a little background on that.

Money Prodigy was founded in 2016 to turn kids into Money Prodigies by the time they get their hands that first paycheck from a real job. The five achievements to becoming one are:

  1. Money-Growth Oriented: Understands how to make money grow, and pairs this with a good work ethic for making money.
  2. Money Goal-Trendsetter: Capable of setting savings goals and knows how to reach them.
  3. Debt-Cycle Resistant: Stays out of the debt cycle, or at least does not enter it blindly.
  4. Money Fluent: Has a healthy, easeful relationship with money and knows how to use it for the tool that it is.
  5. Entrepreneurial-Spirited: Is an independent, creative thinker who can work for themselves if they choose because they understand the monetary risks and possible rewards of doing so.

While this simulation will touch on several of the five characteristics above, specifically it is to help with unlocking Money Prodigy’s Money Goal-Trendsetter achievement.

This means equipping kids with the skills they need to make them capable of not only setting their own savings goals throughout life, but knowing how to actually reach them from a financial standpoint (despite money setbacks, problems that seem to snowball out of control, and basically, everyday reality all adults face).

And using printable worksheets or boring lectures for how to teach kids about money? Well, they’re just not going to do it. This money simulation program offers way more than that.

Mt. Everest Money Simulation Sneak Peek

The Mt. Everest Money Simulation Program plunges students aged 8-13 years old into a simulated financial goal of one man, Erik, who dreams of summiting Mt. Everest. Kids become Erik’s Everest Ground Support Team, helping him make several important financial decisions with potential consequences as he attempts to summit Everest.

Everest is an almost insurmountable mountain to summit. That’s why only 4,469 people have ever done it. Even if the average person had the strength and endurance to do so, the money that it costs − $65,000 is a typical estimate − puts it far out of reach for almost everyone.

Everyone, except for those who know the secret to financially realizing their biggest dreams: craft a realistic savings plan, and have the gusto to see it through.

Through a classroom simulation where students are engaged in financial decisions plus dealing with any outcomes from those decisions, I intend to show students from a young age that anything − including summiting Everest − is possible with the right money knowledge.

And on top of all that? Well, there’s yaks. Who doesn’t love a good yak?

Wondering how to teach kids about money? We're creating the Mt. Everest Money Simulation Program & just received funding from The PLUTUS Foundation. Come learn more. | http://www.moneyprodigy.com/announcement-grant-everest-simulation/

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