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Make Your Kid A Money Genius (Even If You're Not): A Parents' Guide for Kids 3 to 23

Product ID : 16131153


Galleon Product ID 16131153
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About Make Your Kid A Money Genius

Product Description 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 Life—a 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 “money talk” when our kids are old enough to get it…which won’t 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 kids’ financial behaviors is mom and dad. Clearly, we can’t afford to wait. Make Your Kid a Money Genius (Even If You’re Not) is a jargon-free, step-by-step guide to help parents of all income levels teach their kids—from ages three to twenty-three—about money. It turns out the key to raising a money genius isn’t to teach that four quarters equal a dollar or how to pick a stock. Instead, it’s about instilling values that have been proven to make people successful—not just financially, but in life: delaying gratification, working hard, living within your means, getting a good education, and acting generously toward others. More specifically, you’ll learn why allowance isn’t the Holy Grail when teaching your kid to handle money, and why after-school jobs aren’t always the answer either. You’ll 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 don’t need to be a money genius to make your kid a money genius. Regardless of your comfort level with finance—or your family’s income—this charming and fun book is an essential guide for passing along enduring financial principles, making your kids wise beyond their years—and peers—when it comes to money. From School Library Journal Best-selling financial author Kobliner (Get a Financial Life) here provides a step-by-step look at developing financial literacy skills throughout childhood. Concerned that we are avoiding teaching our kids the financial facts of life, she outlines specific dos and don'ts that parents can adopt, such as whether or not allowances should be tied to chores. She strongly suggests disclosing neither your salary nor the babysitter's wage, and presents age-appropriate money skills for preschoolers through college grads ("Research shows that kids whose parents carry the full burden of college costs score lower GPAs than kids who chip in."). Addressing everything from car loans to moving home after college, Kobliner's recommendations are practical, thorough, and relevant (e.g., she explains why extended warranties are almost always unnecessary). VERDICT Considering the huge burden of debt that many young people carry today, wise is the parent who starts the youngster saving early. Warmly recommended.—Julianne Smith, Ypsilanti District Library, MI Review “Can a book on money be fun for the whole family? This one is! Even better, it is full of wisdom, and it is a genuine public service. Beth Kobliner has produced a miracle. Your kids will profit from her amazing and brilliant book—and you will too.” -- Cass Sunstein, director of the Program on Behavioral Economics and Public Policy at Harvard University and coauthor of the New York Times bestseller Nudge “A much-needed, tell-it-to-me-straight book, written with wit and humor. I wish I’d had it when my kids were little—but better late than never!” -- Amy Chua, author of the New York Times bestseller Battle Hymn of the Tiger Mother “Ms. Kobliner’s new book is worth reading. It’s a good base for building [your children’s] financial literacy.... And if the book makes you stop periodically to reconsider your own spending and saving habits, or helps you find a good answer when your child asks about money, that’s good, too. “, The New York Times “If you’ve ever drea