#16 in Money management books
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Reddit mentions of Smart Money Smart Kids: Raising the Next Generation to Win with Money
Sentiment score: 2
Reddit mentions: 2
We found 2 Reddit mentions of Smart Money Smart Kids: Raising the Next Generation to Win with Money. Here are the top ones.
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Smart Money Smart Kids Raising the Next Generation to Win with Money
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| Height | 9.28 Inches |
| Length | 6.23 Inches |
| Number of items | 1 |
| Weight | 1.11774366834 Pounds |
| Width | 1.06 Inches |
read Smart Money, Smart Kids by Rachel Cruz and Dave Ramsey. Fantastic advice
https://www.amazon.com/Smart-Money-Kids-Raising-Generation/dp/1937077632/ref=sr_1_1?ie=UTF8&qid=1520445193&sr=8-1&keywords=smart+money+smart+kids
Dave Ramsey has the best financial boot camp advice, IMHO
https://www.youtube.com/watch?v=4xxNoyEL1n0
Teach them civics--including how local government (city, county, state) government works. (And include a practical element: visit the local city hall, the local building and public works department, the local police station. Understanding that most of our interactions with government is not with the Federal Government but with your local City Hall and local police force is something sorely missing with a lot of people today.)
Teach them history--and not just the cold and pointless memorization of names and dates. Have them watch Ken Burns Civil War documentary, for example. Have them read books which tell history as a series of stories rather than a list of facts. Video series like America: The Story of Us aren't bad. Have them understand that history is a continuum, that our present day circumstances did not spring fully formed from the forehead of Zeus, but is the result of over 400 years of historic accident.
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And while I'm daydreaming, have them understand basic Economic theory, both Macro-economics and Micro-economics. Nothing deep here; in fact, I'd say a good introduction would be The Cartoon Introduction to Economics, Volume 1: Microeconomics and The Cartoon Introduction to Economics, Volume 2: Macroeconomics. The point is not for them to become economists themselves--but to just have a basic passing understanding so they can understand the political rhetoric.
And I'd give them a basic understanding of personal finance. Just basic skills: what a checking account is, what a savings account is. How to earn money, how to save money. I'm personally a fan of Dave Ramsey, who teaches not to get in debt, to defer rewards through saving for major purchases, and who teaches keeping a budget. But honestly, any coherent introduction to personal finance is helpful here--because at some point they're going to go into the world and have to take care of themselves, financially.