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.
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If you're like most people in their twenties and thirties, you don't feel like you're in control of your financial life. But if you want to take full advantage of the best financial opportunities, it's important that you get started right away. Get a Financial Life shows you how to manage your money and make it grow. In it you will learn how to:
Refinance your high-rate credit cards and student loans
Start investing in the right mutual
funds
Find low-cost auto loans and mortgages
Make the most of tax deductions you never knew existed
Use tax-advantaged savings plans to build a serious nest egg
From 401(k)s to health insurance to stocks and bonds, this book focuses exclusively on what you really need to know at this stage in your financial life. Whether you earn $15,000 or $150,000, whether you're single or married, whether you're financially inclined or financially challenged, this book will let you manage your money with the smallest possible investment of time and effort.
