The New York Times bestseller that is a must-read for any parent!
From Beth Kobliner, the author of the bestselling personal finance bible Get a Financial Lifeâa new, must-have guide showing parents how to teach their children (from toddlers to young adults) to manage money in a smart way.
Many of us think we can have the âmoney talkâ when our kids are old enough to get itâŚwhich wonât be for years, right? But get this: Research shows that even preschoolers can understand basic money concepts, and a study from Cambridge University confirmed that basic money habits are formed by the age of seven. Oh, and research shows the number one influence on kidsâ financial behaviors is mom and dad. Clearly, we canât afford to wait.
Make Your Kid a Money Genius (Even If Youâre Not) is a jargon-free, step-by-step guide to help parents of all income levels teach their kidsâfrom ages three to twenty-threeâabout money. It turns out the key to raising a money genius isnât to teach that four quarters equal a dollar or how to pick a stock. Instead, itâs about instilling values that have been proven to make people successfulânot just financially, but in life: delaying gratification, working hard, living within your means, getting a good education, and acting generously toward others. More specifically, youâll learn why allowance isnât the Holy Grail when teaching your kid to handle money, and why after-school jobs arenât always the answer either. Youâll discover the right age to give your kid a credit card, and learn why doling out a wad of cash can actually be a good parenting move.
You donât need to be a money genius to make your kid a money genius. Regardless of your comfort level with financeâor your familyâs incomeâthis charming and fun book is an essential guide for passing along enduring financial principles, making your kids wise beyond their yearsâand peersâwhen it comes to money.