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Young Bucks: How to Raise a Future Millionaire
 
 
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Young Bucks: How to Raise a Future Millionaire [Hardcover]

Troy Dunn (Author)
4.6 out of 5 stars  See all reviews (8 customer reviews)

Price: $17.99 & eligible for FREE Super Saver Shipping on orders over $25. Details
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Book Description

November 13, 2007

Young Bucks: How to Raise a Future Millionaire is on the cusp of an important new way of understanding how we earn, keep, and spend money. It is a straightforward, practical, and entertaining manual that debunks a number of parenting myths that work against financial independence, such as allowances. This book also teaches parents how to identify the entrepreneurial skills that, to some degree, every child has and guides them to strengthen those skills.

A self-made millionaire and father of seven, Troy Dunn gives you practical templates for easy, kid-friendly businesses that you can introduce to your children so that they can start earning their own money quickly.

Young Buck$ includes everything Dunn has learned during his very successful business career as an entrepreneur and in his work with thousands of young people seeking business guidance. It features chapters on age-appropriate, step-by-step action plans for you to help your children find and implement great money-making ideas. Additional chapters explain what schemes you should avoid, how to spot business scams, why lotteries are a terrible place to put your money, why it's good for kids to invest in the stock market, and practical advice on the legal aspects of owning a business.

Troy Dunn is a self-made millionaire. He is a successful businessman and public speaker, radio host, and writer on the subject of financial success and personal happiness. For his business venture dedicated to reuniting separated friends and family, Troy was considered for more than a decade one of the most frequently seen guest experts on national television. After thirteen years of building and running that company, Troy sold it for undisclosed millions, freeing him to focus on his passion for assisting other organizations. He now consults four corporate clients a year in motivating their own management teams in leadership, overcoming obstacles, team-building, and guerrilla marketing and in major media manipulation, strategy, and results. Troy married his high-school sweetheart, Jennifer, and together they are raising seven beautiful children.


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Product Details

  • Hardcover: 145 pages
  • Publisher: Aylesbury Publishing, LLC & Thomas Nelson (November 13, 2007)
  • Language: English
  • ISBN-10: 0785221859
  • ISBN-13: 978-0785221852
  • Product Dimensions: 8.5 x 5.6 x 0.7 inches
  • Shipping Weight: 9.9 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #621,089 in Books (See Top 100 in Books)

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Customer Reviews

8 Reviews
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 (6)
4 star:
 (1)
3 star:
 (1)
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Average Customer Review
4.6 out of 5 stars (8 customer reviews)
 
 
 
 
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20 of 20 people found the following review helpful:
3.0 out of 5 stars A little light-weight, April 19, 2008
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This review is from: Young Bucks: How to Raise a Future Millionaire (Hardcover)
I enjoyed this book and agreed with the principal of teaching your children to be enterprising, not just eventually "get a job", or worse, provide everything they wish. My husband is self-employed. He and his siblings were very entraprenurial as kids and they have all become successful in their ventures as adults.

A few things I think need mentioning. First, not all people are entrapreneur material. And people who are often are without any overt help from their parents. Some kids are leaders, others not. Second, don't underestimate the amount of effort it takes for a parent to set their child up in a business, unless your child is already a teenager. My son, age 8, is eager to sell candy bars, one of the businesses Dunn lists in this book. But the majority of the legwork has to be done by MOM. It's not hard to see why one might rather give them an allowance.

This book is not thorough. Three chapters were business ideas, which made me wonder why break them into chapters. Dunn does not go into depth on spending money effectively, which is a major part of how wealthy you actually become. Also, Dunn mentions a website for young entrapreneurs, but when I looked it up, there was nothing there except a place to enter my e-mail addy. Maybe I need to look at it again, but I was mystified when I tried to find it.

My only other small peeve is the wording of the sub-title. Why not, "How to raise enterprising, money-smart kids" or something similar. The money is not the thing. If I hadn't seen Troy Dunn on tv, I probably wouldn't have picked the book, seeing the sub-title.

Overall, not a bad book, but not my favorite on the subject. "The Millionaire Mind" and "Rich Dad, Poor Dad" are better.
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26 of 31 people found the following review helpful:
5.0 out of 5 stars Excellent Book!!!, December 4, 2007
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This review is from: Young Bucks: How to Raise a Future Millionaire (Hardcover)
It helped remind me of the most important job I have, which is as a father. I truly enjoyed the book and it has motivated me even more about my role as a parent. It has some funny stories much like other Troy Dunn books and CDs. My kids have already started to planning a little for the future then just looking at today.
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26 of 33 people found the following review helpful:
4.0 out of 5 stars depends, February 23, 2008
By 
J. R. Carter (Chicago, IL United States) - See all my reviews
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This review is from: Young Bucks: How to Raise a Future Millionaire (Hardcover)
Is raising your kid to be a millionaire the best goal? I am also a self made millionaire and agree with the premise that you need to raise your kids to be entrepreneurial. The pursuit of the money should not be the goal.

The critical skills that you learn by being self employed are life changing-however, be careful about stressing the money part. Money can be a byproduct of the effort it takes to operate your own business-but the real satisfaction comes from being able to be your own boss. Not working for the MAN is worth a lot. Self determination is worth a lot. But the tightrope that you walk as an entrepreneur is not for everyone. The American government's tax policy doesn't make it any easier!

Teach your kids how to handle failure. Teach them how to take calculated risks with career and money. Success comes to those that work smart and hard, not just hard.
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