As a family office planner to family business owners for many years, I was surprised to discover that teaching my own boys how to handle money well took a lot more work and thought than I expected! Together, my wife and I worked out a method for teaching our boys good money management, and I felt I should share what we learned along the way.
That's how my book Allowances, Dollars & Sense, for parents of children ages 5 to 12, came to be. First published in 1999, the book will soon be released in a 20th-anniversary edition. That is exciting news–and makes me very proud. I am thrilled that parents still value this book and its sequel, Dreams, Dollars & Sense, written for the parents of teens.
As a Family Enterprise Advisor, I soon realized thatAs a family office planner to family business owners for many years, I was surprised to discover that teaching my own boys how to handle money well took a lot more work and thought than I expected! Together, my wife and I worked out a method for teaching our boys good money management, and I felt I should share what we learned along the way.
That's how my book Allowances, Dollars & Sense, for parents of children ages 5 to 12, came to be. First published in 1999, the book will soon be released in a 20th-anniversary edition. That is exciting news–and makes me very proud. I am thrilled that parents still value this book and its sequel, Dreams, Dollars & Sense, written for the parents of teens.
As a Family Enterprise Advisor, I soon realized that the topic of financial literacy was especially important for family business owners. Just like reading, the best time to teach our children fundamental principles of great money management is in early childhood. These lessons take time and maturity to take root.
Decisions, Dollars & Sense, the latest book my Family Finances series, provides financial guidance for young adults between the ages of 20 and 39. At this exciting time of life, when working on their postsecondary education or establishing a career, young people face countless and sometimes difficult decisions. This book aims to help them as they make important financial decisions that may have long-term ramifications.
Many thanks to Fanny Kiefer of the Fanny Kiefer show on Shaw TV for such an interesting interview with Paul about teaching children financial literacy!