Have you ever come across a book or a tip where you went, “I wish I would have had this years ago”?
That’s how I felt about the book “Smart Money Smart Kids: Raising the Next Generation to Win with Money” by Dave Ramsey and his daughter Rachel Cruze.
At Twelve chapters and less than 250 pages it’s a quick read. Even for a slow reader like myself.
It’s well worth reading too! You get a daughter and a father’s perspective on many different topics relating to money including working, spending, saving, and giving. There’s also valuable info on budgeting and debt.
My wife and I have put many of the ideas in the book into use in our home and are seeing positive results. Our kids no longer get an allowance. They get a paycheck… the size of which directly relates to the quantity and quality of the age appropriate work they do.
This book isn’t just for parents of young children. There is a chapter on college. Planning in advance to get through to graduation debt free.
There is also an entertaining father and daughter discussion about planning and paying for weddings… something I’m going to have to tackle many, many, years from now.
Perhaps my favorite chapter in the book is the one on “contentment”. It’s worth the price of the book alone and a chapter that would do anyone some good. The more content you are with what you already have the less likely you are to make impulsive decisions that could drive you into debt.
Whether you’re a parent, grandparent, aunt, or uncle… this is one book that you’ll want to read. After you do you’ll want to share it with a friend. If they follow the principles in the book they’ll thank you!
Have you read this book? I’d be curious to know what you thought about it.
If you’re interested you can read more about this book and buy it from Amazon here.