Smart Money Smart Kids: Raising The Next Generation To Win With Money (2014) - Plot & Excerpts
I expected much more from this book. While it was a quick and easy read with some cute anecdotes of Rachel's childhood "growing up Ramsay", learning how to "spend, save, and give", the book was light on technical content...ie, barely a mention of time value of money, and aside from a brief mention of ESAs and 529s, no other content on investing. Some of the advice I downright disagree with...keeping your money in envelopes - really??? And credit cards, as an interest-free loan, are not the devil as the authors dictate. Most of the other advice given is incredibly obvious, ie., for parents of blended families: "All the children are to be loved by all the adults". If someone needs to read this book to get this advice, they have larger problems. The common sense approach to teaching kids about money found in this book has become almost revolutionary simply because our culture has lost a lot of its common sense when it comes to spending, saving, borrowing, and giving. The book is a dialogue between Dave Ramsey and his daughter Rachel, and their story is both engaging and straightforward. What a gift to learn these lessons ourselves and then pass these principles on to our kids. We will use these principles to teach our kids to be smart with money!
What do You think about Smart Money Smart Kids: Raising The Next Generation To Win With Money (2014)?
Great book! Good, common sense ideas. I particularly liked the section on contentment.
—carol
I've been waiting for Ben to read this and he's nearly done. He gives is 5 stars.
—omochicken
Excellent Read. This is stuff we will definitely try to integrate with our child.
—laura
