This book is everything I wished my parents knew and taught me. Much like the author, I too had zero financial education, and the moment I got my first credit card in university, it was all downhill from there. It took me well into my 30s to dig myself out of debt, and if I had better financial literacy from the outset, I’d have been way better off. I wanted to do better by my son, and this book has been a perfect place to start.
From undoing the old fashioned “allowance for chores” mentality to teaching your kids how to build wealth and financial security, this book holds your hand through complex concepts and breaks them down for you, so you can break them down for your kids. Each chapter ends with key takeaways and resources, as well as provides activities you can do with your kids to not only explain these concepts further, but actually practice them!
What I love most, though, is that this book shows you how to teach your kids much more than “how money works”…it covers teaching them to understand the value of things in their lives, helps them understand the difference between needs and wants, and shows you how to practice borrowing with your kids.
There are no hard and fast rules for what you should do at what age, so you can jump into whatever chapter is appropriate for your kids based on their mathematical ability, the kinds of questions they’re asking about money, and their age appropriate needs. You can read the chapters applicable to you, in any order, since they’re each self-contained nuggets of wisdom broken down by concept. Whether you’ve got littles just starting to get their allowances, older kids walking neighbourhood dogs for extra cash, a teen starting their first job or about to go to college, you will find something applicable and useful to you and your kids. I’m 41 and learned something new! Need I say more?
Why are you still reading this? BUY THIS BOOK ALREADY!