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Trust Me: Helping Our Young Adults Financially
 
 
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Trust Me: Helping Our Young Adults Financially [Paperback]

Kenneth Kaye Ph.D. (Author), Nick Kaye (Author)
3.5 out of 5 stars  See all reviews (2 customer reviews)

Price: $20.95 & eligible for FREE Super Saver Shipping on orders over $25. Details
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Book Description

March 31, 2009
-Your daughter, maxed out on credit cards, asks you to co-sign a lease.
-Your son can't afford rent and needs to move back home.
-Your ex-daughter-in-law is laid off, losing your grandchildren's health insurance.
-Your nephew agrees to enter an expensive addiction treatment program.
-Your older son, recently diagnosed with Adult Attention Deficit Disorder, is months behind on his mortgage payments.

Millions of parents face these dilemmas, years after they thought their children would be independent. As you extend financial assistance, how can you help a young adult become prudent and accountable?

In Trust Me, family psychologist Kenneth Kaye and his son, Nick, use the experience of Nick's struggle with what he calls "Attention Money Disorder" to combine a no-nonsense strategy, practical advice, business wisdom, and dozens of examples. They show you step by step how to negotiate a "Deal" with your young adult, rebuilding mutual trust and nurturing the skills and habits of a self-supporting grown-up.

"I love this wonderfully practical, down-to-earth, funny, thoughtful, warm, subversive book. Subversive because those who follow the two Kayes' advice will be better mentors, but also more financially responsible themselves. Every parent or relative who's worried about subsidizing an adult child needs this book."

-Joline Godfrey, Author, Raising Financially Fit Kids


Frequently Bought Together

Customers buy this book with Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations $26.37

Trust Me: Helping Our Young Adults Financially + Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

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Product Details

  • Paperback: 280 pages
  • Publisher: iUniverse (March 31, 2009)
  • Language: English
  • ISBN-10: 1440119775
  • ISBN-13: 978-1440119774
  • Product Dimensions: 9 x 6 x 0.6 inches
  • Shipping Weight: 14.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #170,414 in Books (See Top 100 in Books)

More About the Author

Kenneth Kaye, Ph.D., M.F.A.

Ken Kaye earned his bachelor's and doctoral degrees from Harvard University (A.B. in English literature, Ph.D. in psychology and education. He was a Knox Fellow at the University of Cambridge, England.

After a ten year career as an academic researcher in the fields of developmental psychology and education, Kaye became a family therapist and an adjunct faculty member at Northwestern University's Institute of Psychiatry. He has served on numerous editorial boards and advisory boards.

Ken became a leader in the field of family business dynamics, having established his consulting specialty in 1986. Most recently, he is the co-founder, with his son Nick, of www.EarnTrust.net, a web-based service for young adults and the parents or other mentors who support their growth to financial responsibility.

An instrument-rated commercial pilot, Ken's work reflects diverse experiences including acting, sailing, mountain climbing, and an MFA from Bennington College in Fiction. He has four adult children and two small grandsons.

 

Customer Reviews

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Average Customer Review
3.5 out of 5 stars (2 customer reviews)
 
 
 
 
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3 of 3 people found the following review helpful:
5.0 out of 5 stars Practical book for financial rules between parents and their adult children, June 23, 2009
By 
Ken Kaye and his son Nick provide an excellent and practical set of guidelines and strategies for dealing with the financial dynamics between parents (or other mentors) and their adult children. They emphasize the importance of establishing an explicit (and written) "DEAL" that outlines the offer, expectations and accountability when parents provide financial support. We found the process for negotiating the "DEAL" and the distinction between gifts, grants, and loans to be extremely helpful.

After using the insights from this book in our own family, I have recommended Trust Me to several of my family business clients.

Dean R. Fowler, Ph.D. author of "Love, Power, and Money: Family Business Between Generations"
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0 of 2 people found the following review helpful:
2.0 out of 5 stars Trust Me: Not worth the read, September 8, 2009
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This review is from: Trust Me: Helping Our Young Adults Financially (Paperback)
Helping your adult children out with "contracts" is not the advice I wanted to hear. This book made me tired before I started any of the "contracts" with my adult children. This book was nothing but work to read and nothing but "work" to do. If these kids now a days cannot get jobs (or live according to their means), the consequences are they will suffer. Too bad. Plus, the author giving the culprit, his ADHD son, an author's title, ridiculous!

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Inside This Book (learn more)
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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