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Silver Spoon Kids : How Successful Parents Raise Responsible Children Paperback – December 28, 2001

4.4 out of 5 stars 16 customer reviews

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Editorial Reviews

From the Back Cover

Don't allow money to ruin your child

Being an affluent parent comes with its own particular set of concerns and responsibilities. This is relevant not only to the superrich but also to the millions of families whose children are exposed to material abundance. While many parents know how to capitalize on their wealth financially, they aren't as certain how to make sure money doesn't spoil their children. This expert handbook can show you how. A mix of practical tips, instructive real-life stories and anecdotes, and highly effective advice, Silver Spoon Kids addresses the how and the equally important why of instilling in your family a healthy relationship with money in your family. Here you'll find out how to:

  • Talk to your child about money in general--and your money specifically
  • Be sure your child doesn't become spoiled
  • Use an allowance to teach your child to use money responsibly
  • Foster a philanthropic outlook in your child
  • Define your family's most important values and communicate them effectively
  • Avoid your nightmare of an unmotivated, underachieving, materialistic child

Also included are helpful checklists, self-tests, and Silver Nuggets--brief bits of wisdom and advice that you can quickly put to use. In an age of unprecedented wealth, unlimited credit, and rampant materialism, this practical, timely book can help you raise well-adjusted, emotionally and financially secure children.

About the Author

Eileen Gallo, Ph.D., is a psychotherapist specializing in psychological issues related to money and family wealth. She has written numerous articles about affluence and children and writes a regular column for the Journal of Financial Planning.

Jon Gallo is a nationally respected estate planning attorney who has worked with thousands of affluent families to plan their estates. He is the author of many professional articles and, along with his wife, a founder of the American Bar Association Committee on the Emotional and Psychological Issues of Estate and Financial Planning.

As codirectors of the Gallo Institute, Eileen and Jon conduct seminars and workshops for families and financial advisors. They have been quoted by Kipinger's, Worth, Forbes, Reuters, and Bloomberg. They live in Los Angeles and are the parents of three adult children.

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Product Details

  • Paperback: 272 pages
  • Publisher: McGraw-Hill Education; 1 edition (January 18, 2002)
  • Language: English
  • ISBN-10: 0809294370
  • ISBN-13: 978-0809294374
  • Product Dimensions: 5.5 x 0.7 x 8.3 inches
  • Shipping Weight: 14.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (16 customer reviews)
  • Amazon Best Sellers Rank: #167,804 in Books (See Top 100 in Books)

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Customer Reviews

Top Customer Reviews

Format: Paperback
I work in the field of philanthropy have hosted many workshops on issues of children and money. The four hours I spent reading this book were the most educational and fruitful four hours I have ever spent on issues of how to raise children!! Whether your family is middle class or affluent, you will benefit from this book. In my opinion, the lessons offered by the Gallos on values and raising children go far beyond issues of money. I believe it is really a guide to raising well rounded and socially responsible children. I know I will return again and again to the chapters in this book both personally and professionally. Buy this book and read it!!
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By A Customer on February 17, 2002
Format: Paperback
I found this to be a very helpful book in dealing with kids and money. There is practical advice on topics such as allowance, helping kids set budgets, influencing your childrens' purchasing decisions (or not) and other good items. It is written for the lay person without any prior knowledge of pyschology. The book is an easy read and covers the topic very thoroughly. A great tool for all parents.
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Format: Paperback
Reading the Gallo's book Silver Spoon Kids is like a one on
one conversation with professional help!
It is full of practical advice and helps no matter what level of affluence one has.
Scattered throughout are special 'nuggets' of ideas to
use NOW. The benefits of this knowledge are immediate!
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Format: Paperback
Eileen and Jon Gallo have done a wonderful job of communicating money issues and teaching values to children of all ages. The content of the book deals not only with the phychological matters surrounding the handling of money and how it affects children, but also parental responsibilites and guidelines than can be helpful in establishing your financial values in your children. This unique approach has combined a number of ideas ranging from the psychological cause and effect to possible ways to construct your trust or will. Although this is not a "how to" book, it does provide excellent food for thought to middle and upper income parents and can help eliminate many of the pitfalls that face parents today. I highly recommend this book and look forward to more from the Gallo's.
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By A Customer on April 15, 2002
Format: Paperback
Silver Spoon Kids offers practical, hands-on tips for parents raising kids. Financial issues can be difficult to address and this book offers guidelines to meet just those needs. One need not be an expert in the field to grasp the concepts presented - they are perfect for all to understand and utilize. This book is a great resource and will be helpful to many.
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Format: Paperback
As someone with direct experience on the topic, I read with great interest the words of the Gallo's as they thoughly covered a wide range of topics having to do with children and money. I found their advice practical and easily applicable for parents that find themselves struggling with the common questions of using allowances, learning budgeting, and consumerism. This book is an easy read and would be a helpful tool for parents who want to teach their children to handle money responsibly.
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Format: Paperback Verified Purchase
Great financial advice, especially the early parts of the book. Some later sections are applicable only in special situations. For example, not everyone will want to or has a need to set up a family foundation, but maybe joining a public foundation could be a meaningful way to engage in philanthropy with your children. Having clear money values is important (and by extension, general life values as well). Just something I never thought about much before.
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Format: Paperback Verified Purchase
The book was well written with great ideas and examples of how to deal with money and kids/young adults at any age. The concept of having the child manage their own trust well in advance of them receiving it was fabulous. It also helped explain why kids of affluent parents often meander unhappily through life and how to make sure that doesn't happen to your kids.
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