Wealth: Prepare Your Children to Make Fortunes

by Ida Subaran

This book discusses various facets of acquiring and managing money, particularly those rarely recognized or considered. It also suggests easy activities to implement, and advice to parents, teachers, and those concerned with children. Since parents are their children's first and most important educators, it's crucial for them to educate their children about money starting at a young age, Subaran says : When young people receive a solid financial grounding as they grow up and experience life, they will be spared anguish, financial disaster, or lost opportunities to better their financial success Included are examples from developed and developing countries, of engaging initiatives that are helping people overcome money problems .These touching real life examples offer insight into the lives of others and in particular their creativity, imagination and bold action to improve their lives.

74 pages, Paperback

First published September 15, 2013

Reviews

[Katie Gainey-West · Rating 4 out of 5]

This book was filled with financial tips for kids and their parents/gaurdians. I appreciate the advice on how we can start sharing useful financial knowledge as early as possible with children.

[Renae Richardson · Rating 5 out of 5]

One of the most valuable gifts a parent can give their children, or that adults can pass on to the younger generation, is the knowledge of what wealth truly means and how to achieve it. The sooner this education begins, the better. This book is designed as a guide to help children build a strong foundation in financial literacy early on, setting them up for future financial success. The author's genuine intention to simplify the teaching of these crucial concepts makes the guide particularly effective.

Addressing and overcoming negative perceptions about money within families is a difficult task. I personally wasn't aware of how my own mindset about money was shaped by my parents' beliefs, which in turn affected my financial habits. This book tackles this issue, which is integral to developing successful habits in adulthood, thereby breaking the cycle.

The author provides practical strategies to assist in this journey and organizes the approach by age groups, making the book easy to navigate. It also stands out for its global perspective on handling money. This is a very different financial literacy book for kids than others I have read. It offers a fresh angle. Additionally, it's a concise, something which I found to be fantastic given the topic.

[Sachi Ito · Rating 5 out of 5]

There should be more books like this

We need to start teaching our kids at a younger age, how to be more financially responsible. Starting younger can create a lifelong relationship with money that is positive. This book really covers all of the bases. As parents or teachers, we have to start by reflecting on our own attitudes and actions towards money, because this is the first level of education for your child. We have to watch things like overspending and buying unnecessary things. Kids notice everything. Pick up this book if you need help teaching your kids about finances.

[Nancy Retallick, Ph.D. · Rating 5 out of 5]

Insightful Guide
As a grandparent of a teenage granddaughter, I found this book particularly relevant, offering guidance on how to prepare her for a financially secure future, especially when it comes to her inheritance. The author suggests involving children in setting up IRAs because it encourages a sense of financial responsibility from a young age, something I hadn’t thought about. I think this book deserves a place in every family’s financial toolkit and every school library, making it a perfect guide for those of us raising financially savvy teens.

[Tara Dodson · Rating 5 out of 5]

a must have resource

Teaching your children about the value of money is something every family should do. This book teaches parents exactly how to do that. It stresses how important it is to learn to work with what you have by budgeting so that you always have what you need.