Raising Your Money-Savvy Family For Next Generation Financial Independence

by Carol Pittner, Doug Nordman, J.L. Collins (Foreword)

How Will Your Kids Reach Financial Independence?




That's the question Doug Nordman and his spouse heard at so many personal-finance meetups and conferences. They finally asked their daughter, Carol Pittner: What do you remember about us teaching you to manage your money?




Carol lit up with her stories, and now they're sharing them with your family.




Pittner and Nordman show you how to motivate your kids to manage their money. They'll make lots of mistakes. When you start teaching them at a young age, though, their mistakes are a lot smaller (and cheaper) than years later when they're in the workforce. Raising Your Money-Savvy Family For Next-Generation Financial Independence will help you learn to validate their feelings about money, talk through their mistakes, and think of better ways to manage their money the next time. Later you'll help them find their own motivations to earn, save, and invest.




This is not just another parenting manual or child-development textbook. Doug Nordman and Carol Pittner share their stories in a back-and-forth narrative that helps you see how your kids might perceive your parenting. They show you what worked for them (and what didn't) and they'll give you actionable ideas to try with your family.

Genres: Parenting, Finance, Personal Finance, Nonfiction, Audiobook

223 pages, Kindle Edition

Published September 8, 2020

Reviews

[Jade · Rating 4 out of 5]

Got this for Christmas, picked it up and finished it in one sitting. Very easy to read. I enjoyed the perspective of both Dad and child. I wish there had been more practical instructions, but the lack of it is explained away by the authors justification that it all depends on the child and his/her maturity. There are several things I took away from the book and I am encouraged to start implementing an allowance with chores and jobs for my two kids starting right away.

[Jason Williams · Rating 5 out of 5]

Not only was Carol and Doug's advice creative, yet practical, but it was delivered with an entertaining back and forth dialogue. This book would be beneficial for any family with children, no matter the age or starting point.

[Nathaniel Jones · Rating 4 out of 5]

I really enjoyed this book for its practical wisdom and conversational tone in exploring how to teach your kids to be financially independent. I saw a lot of parallels in the stories to what my parents did for me, and I am so grateful for their active investment of time and energy to help me develop healthy perspectives and skills for managing money. I’ve seen others who didn’t get this kind of hands-on learning and guidance and they learned these lessons more painfully in the real world, with the resulting real world repercussions. This book helped reinforce my plan to be intentional with this for our kids, adapting our strategies over time to give them the freedom to fail, learn, and grow into financially independent adults.

[Jessica · Rating 5 out of 5]

This book was written in a very entertaining style, moving back and forth between the perspectives of a dad and daughter. The financial information is logically ordered from birth to estate planning and there is something new to pick up in each chapter - even for the most seasoned personal finance reader. This is a book I will both lend to others and recommend to those looking for a way to pass on their financial knowledge to the next generation.

[Ryan · Rating 5 out of 5]

Practical, age-appropriate tips to foster a FI mindset in your children. I've enjoyed Doug's previous book and blogs for years, but the addition of Carol's voice provides third-party perspective (and objective proof) of what really works.

[Lauren Narbey · Rating 5 out of 5]

A must read

[Feda Ahmad · Rating 3 out of 5]

this book gave me a new idea about when and why and how to talk to your kids about money and make them use their money wisely.
But I felt like they took it too seriously to never buy new things always try to save money and buy used things and even not to attend her graduation ceremony just to save money and time ! it’s a personal preference but this was the part where I didn’t like 👍🏻

[Suhel · Rating 4 out of 5]

Skimmed, found appendix useful, good lessons on getting kids to become financial savvy, investing early and building habit to save money rather than splurge, and build a solid foundation to become FI sooner.

[Victor Lu · Rating 2 out of 5]

Very capitalistic and therefore depressing by association.

[Andrew · Rating 4 out of 5]

An excellent guide, ripe with practical lessons, to teach your children age-appropriate lessons about money.

[Anne · Rating 4 out of 5]

4.5 stars. Good father-daughter exchanges.

[Jamie · Rating 5 out of 5]

Great, practical book!

I loved the book, reading both parent and child versions of teaching good habits to kids. Great advice on financial independence, military benefits, saving for retirement, investing, and parenting. Very easy to read. Thanks for sharing!