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The Financially Intelligent Parent : 8 Steps To Raising Successful, Generous, Responsible Children Paperback – Bargain Price, June 7, 2005
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About the Author
Eileen Gallo, Ph.D., is a Los Angeles psychotherapist specializing in issues related to money and family. She has published the seminal study The Psychological Impact of Sudden Wealth and co-authored several articles about money and children with her husband.
Jon Gallo, J.D., is a nationally known specialist in estate planning for high net worth individuals, and serves as chair of the UCLA Estate Planning Institute advisory board. --This text refers to an out of print or unavailable edition of this title.
Top customer reviews
Eileen and Jon Gallo stress being an intelligent parent first. Communication, appropriate teaching, example, and trust are the basis of a sound parent-child bond. In this book, they stress teaching healthy attitudes and approaches to personal finance because too many lives get sidetracked when money is handled poorly.
Rather than providing a book of tips on building a financial empire or guiding your children into careers on Wall Street, this book is about everyday lives. It is for parents with children of any age, including adult children. And, especially, the authors stress that it is never too late to being. You will be better off starting now on improvement rather than regretting that you had not begun earlier and then letting tomorrow continue down the same painful road.
The book is built around eight sound and helpful steps:
1. Encourage a work ethic
2. Get your money stories straight
3. Facilitate financial reflection
4. Become a charitable family
5. Teach financial literacy
6. Be aware of the values you model
7. Moderate your extreme money tendencies
8. Talk about the tough topics
I especially like they way each of these principles is handled. Not only do the authors discuss each principle, they also provide help in approaches to understanding your own example and how to create teaching opportunities with your child. It is a very practical book. It also has a very supportive tone that focuses on lifting everyone involved in these exercises in improvement.
Money is a part of everyone's life and ignoring it will not make it go away but will almost certainly make circumstances worse. Bad news collects interest over time and becomes an ever larger problem that will eventually have to be solved. Better to start on the right path and keep things in a healthy mode with a positive perspective.
This book can be a real help.
It's a must have book! Great gift idea too. Remember the phrase "failing to plan, is planning to fail". You'll love this book!