Why I read it?
A team member suggested this topic to me as a piece that would be beneficial since my husband and I are eventually going to have these financial conversations with our child. Make your Kid a Money Genius (Even if You’re Not) was not a quick read, but the ideas presented in it are ones that I’ll be implementing as our son gets older and is able to understand monetary value.
What is it all about?
This book is about the many developmental stages a child goes through when it comes to how money works in our society. It begins at age three and goes up to age twenty-three. Each chapter focuses on a different age range and how to talk about various financial concepts with your children based on age. The author presents several lists of what you should do and what you should not do, and some useful topics to discuss with your kids include:
What caused me to pause?
The author explains things in ways that are very straightforward. She calls out parents on the things that we are already doing incorrectly in our own financial routine in a way that allows us to correct these habits before passing them down to our children. The direct tone is the first thing that made me pause and think. If parents have these certain traits or habits that are on the “what not to do” list, then those things need to be corrected before we end up giving hypocritical advice to our children about their own finances. Each topic is backed by well-known research and studies to support the reasoning for why we should do things a certain way and that makes a strong point. In addition, the conclusions drawn from these studies was fascinating.
How will this book change my habits/influence me?
The topics covered in this book are great tools for getting the conversation started with your children. I have taken notes and when the situation arises, I will be armed with what to do. I will probably revisit this read again when our child is a little older and starts to take notice that money is how we pay for things.
Add this to your reading list if …
You are someone who has children between the ages of three and twenty-three, especially if you are looking for ways to connect with your children on a financial level. You need clever examples to help them navigate the monetary world and let it seem like it is their own idea. This book becomes even more important when you have a child in high school getting ready for college.
Pickle Rating: 3.5/5