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Make Your Kid a Millionaire: 11 Easy Ways Anyone Can Secure a Child's Financial Future
 
 
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Make Your Kid a Millionaire: 11 Easy Ways Anyone Can Secure a Child's Financial Future (Paperback)

~ (Author) "Imagine that through some strange twist of fate (either that, or you're stuck in a doctor's waiting room), actually have time to look at a..." (more)
Key Phrases: accretion schedule, accreted value, exempt amount, Social Security, Getting Started, Uncle Sam (more...)
4.6 out of 5 stars  See all reviews (12 customer reviews)

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  • This item: Make Your Kid a Millionaire: 11 Easy Ways Anyone Can Secure a Child's Financial Future by Kevin McKinley

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Editorial Reviews

From Library Journal

This book isn't as outrageous as its title makes it seem herein is sound advice for parents with young children. A financial planner and parent, McKinley stresses that providing financial security for our children doesn't concern money as much as it does freedom from ordinary economic pressures like earning enough money in a career, needing to work into old age, or struggling to afford the best possible college. Lessening these pressures, he wisely advises, "doesn't guarantee a life of quality, but it sure gives [your child] a better shot at happiness than not doing anything." McKinley's tone is helpful and humorous, and his style facilitates quick understanding. As a primer on investment vehicles (e.g., what's a zero coupon treasury?), this resembles the ubiquitous Personal Finance for Dummies (Hungry Minds, 2000. 3d ed.) but targets strategies and tips benefiting children (e.g., "a dollar a day saved at 10% annually gives a newborn baby over $2.4 million at age sixty-five"). A glossary would have been helpful, and the information here will become dated within a few years, but the price is very reasonable. For public libraries. Douglas C. Lord, Connecticut State Lib., Hartford
Copyright 2001 Reed Business Information, Inc.


Review

Dennis McCuistion host of PBS's McCuistion Program I recommend this book so parents can make Social Security irrelevant for their kids. -- Review

Product Details

  • Paperback: 304 pages
  • Publisher: Fireside; illustrated edition edition (January 1, 2002)
  • Language: English
  • ISBN-10: 0684865645
  • ISBN-13: 978-0684865645
  • Product Dimensions: 8.4 x 5.5 x 0.7 inches
  • Shipping Weight: 12.3 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon.com Sales Rank: #347,892 in Books (See Bestsellers in Books)

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    #25 in  Books > Nonfiction > Education > Funding
    #86 in  Books > Business & Investing > Personal Finance > Estate Planning

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Kevin McKinley
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Customer Reviews

12 Reviews
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Average Customer Review
4.6 out of 5 stars (12 customer reviews)
 
 
 
 
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9 of 9 people found the following review helpful:
5.0 out of 5 stars The Best Bet for Parents!, January 8, 2002
By A Customer
I received this book as a late Christmas present and think it should be a mandatory read for all parents, of children young and old. I'm still unclear as to what my own parents were thinking when we were growing up regarding our financial future. I know now they didn't create college funds or wedding funds or life insurance plans for us. This book shows how parents -- no matter the income level, resources, desires for the kids' futures -- can invest and save for the next generations. I like the way the author writes - it's witty and clever without being silly and trite. And the suggestions are crafted in a way that makes follow-up easy and manageable, even for a novice like myself. I highly recommend!
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6 of 6 people found the following review helpful:
3.0 out of 5 stars Good primer, January 28, 2007
By ScrawnyPunk (Houston, TX USA) - See all my reviews
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This book is a good primer for anyone who feels they are a beginner when it comes to personal finance. However, even though I have been around the block a time or two with this particular subject, I still found some things that were new to me (for instance...how to tell let the grandparents know where to send money without coming across as a money-grubber). For the price, I would recommend it to anyone.

This book is written in a conversational style and is extremely easy to read. I would caution that some of the suggestions appear easier than they actually are. For instance, it is theoretically possible to make someone a millionaire by saving tiny amounts of money for 50 years, but I challenge you to find a blue collar employee who is currently saving for their CHILD'S retirement. I also believe that some of the recommendations may not serve in the best interest of your children (i.e. can you trust them to be self-sufficient and motivated when you provide for every single financial need over the entire course of their lives?) Nonetheless, 90% of the ideas are sound and should be read by anyone with beginner's questions.
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6 of 6 people found the following review helpful:
5.0 out of 5 stars A Must-Have For All Parents, January 2, 2002
By Mike (Wisconsin) - See all my reviews
It's hard to find a book that's both fun and easy to read, AND worth the price 100x over, but I found one in Make Your Kid a Millionaire. It should be required reading for all expectant parents, but it's nice to know that if you didn't start saving from Day 1, you can start when your child is 8 or 10 and still have a profound impact on their financial future (and the future of your childrens' children). The title is somewhat misleading, as this book will benefit parents as much as it will benefit their children. The best $... investment I've made!
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Most Recent Customer Reviews

4.0 out of 5 stars Good Ideas, Especially If You Are Wealthy
The more money you have, the more you (or your kids, rather) will benefit from this book. It's full of good ideas for boosting your children's future financial security, but some... Read more
Published 20 months ago by kt

4.0 out of 5 stars The basics made easy
I bought the book because the title caught my eye and as a parent of a young child all the information I can gather to assist her in having a head start in life financially is... Read more
Published on September 24, 2007 by G. Collector

4.0 out of 5 stars good organizational choices
Very helpful to have the sections broken down into the child's age grades, rather than only by investment vehicle. Read more
Published on June 27, 2006 by Vonnegut "Indy"

5.0 out of 5 stars Fun, Informative, and Educational for the Whole Family
Mr. McKinley writes in a clear, concise, and interesting manner and gives helpful advice for all parents in how to best plan their children's financial future. Read more
Published on May 31, 2006 by Christopher Elliott

5.0 out of 5 stars I LOVE this book!
I think this ought to be given to all expectant parents! This book helps us "average earners" achieve the peace of mind that comes from knowing we have secured the best possible... Read more
Published on October 26, 2005 by Bufo RN

5.0 out of 5 stars Wonderful Book
The author gives wonderful advice on taking actions to make your child a multi-millionaire. The advice is very simple and some of it just take a visit to your bank after work... Read more
Published on July 9, 2004 by A. McPherson

5.0 out of 5 stars A book to give yourself a kick in the pants!
This has been a wonderful book for me. Kevin McKinley's writing and advice have given me the tools and the motivation to start my son's education fund, write a will, review my... Read more
Published on February 4, 2002 by tlc123

5.0 out of 5 stars McKinley Does a Great Job...
This was a great read. Like Kevin, I am a practicing Certified Financial Planner. In 15 plus years of practice, I have read tons of book and articles on amassing wealth, etc... Read more
Published on January 29, 2002 by Bob Watral

5.0 out of 5 stars An Excellent Book for Parents
This a thoughtful, well-organized, humorous, motivator of a book. McKinley has great insight into the mind of the busy parent. Read more
Published on January 7, 2002 by tohalloran2

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