Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ $5.64 shipping
+ $3.99 shipping
Smart Money Smart Kids: Raising the Next Generation to Win with Money Hardcover – April 22, 2014
Frequently bought together
Customers who bought this item also bought
Customers who viewed this item also viewed
About the Author
Dave Ramsey is America’s trusted voice on money and business. He’s authored seven best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, The Complete Guide to Money, Smart Money Smart Kids and The Legacy Journey. “The Dave Ramsey Show” is heard by more than 13 million listeners each week on more than 585 radio stations and digitally through podcasts, online audio streaming and a 24-hour online streaming video channel. Follow Ramsey on Twitter at @DaveRamsey and on the web at daveramsey.com.
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
I am going to take one star for the hardcover. I find it humorous from a teacher of debt free life and wealth building would put out a hardcover book instead of paperback. There is no extra value with hardcover books just higher expense for the buyer. The savings difference can be applied to the child's college fund, debt snowball, or a retirement fund. Dave a preacher of buying low expense mutual funds, why not produce a "low expense" book that helps families build wealth as well? Consider the book as any transaction, would you rather pay $14.99 or $11.99 for the same result?
Right off the bat, I need to lay my cards on the table. First, individually and as a church, we have utilized Dave's Financial Peace University curriculum (hereafter referred to as FPU). Second, I am the father of two children (ages four and six). Third, I'm not a financial guru. Fourth, and finally, I'm not one to read books on parenting or finances, let alone books about parenting and finances.
My biases disclosed, we now turn to the book. From a stylistic standpoint, while I'm used to reading academic journals and books that include chapters from a variety of authors, I've never been a huge fan of books that have co-authors. Personally, I find that many co-authored texts lack flow and can be incredibly disjointed, especially when attempting to tackle a main topic. In this case, I feel that Dave and Rachel's book is incredibly successful. Despite the minor annoyance of 'Dave: or Rachel:,' to notify the reader of who is responsible for a particular section/thought, the book flows quite naturally and, overall, is quite cohesive with respect to the overarching topic––raising kids who are smart (and/or 'win') with money.
As far as content is concerned, if you've gone through FPU (or, I assume if you have read Dave's books or listened to his radio show) there's quite a bit of overlap. One main difference, with respect to content, are the anecdotes and stories that Rachel brings to the table. As one reviewer on Amazon noted, 'Rachel softens Dave's rough (and at times abrasive) edges.' A second difference is a more detailed discussion of teenage finances, college debt, and weddings. (At least it was far more detailed than what we've encountered in FPU. I can't speak to Dave's books or radio show as I am unfamiliar with them.)
Three exceptionally strong pieces of advice, both in this book and in FPU, come in the form of:
An encouragement to save, delaying gratification and cultivating patience (chapter 4).
Giving...money, time & talents (chapter 5).
Teaching children about contentment––a strange thing in our have it now, have it my way, always better world (chapter 9).
The budgeting forms––geared toward older children and teenagers––are pretty handy as well.
That being said, while there's much that I appreciate about Dave Ramsey and the approach to finances that he teaches both in this book and elsewhere, there are some things that really goad me. First, the use of the NKJV. Why?! Second, here and elsewhere, Dave has constructed a theology of money––a theology, in my opinion, that is rooted in the American Dream more than anything else. Third, the advice that he (and Rachel) provide purport to help the next generation 'win with money.' Winning with money seems to equate to living the American Dream––wealth, financial stability, etc. This, once again, is part of the theology of money that Dave constructs both in this book and elsewhere. But, quite frankly, it's a theology that diminishes and/or dismisses the fact that the biblical text and its authors make no such promises.(And in reality, that's just the tip of a very big iceberg.)
So, here's the million dollar question: Would I recommend the book? Yes. It contains some good principles and advice, especially when it comes to having a conversation with one's kids regarding such things as savings, contentment, generosity, etc. However, it should (like everything else) be read judiciously. As a Christian, I'd be especially careful to weigh what Dave and Rachel have to say against the biblical text––with a keen eye toward the context of the passages that are quoted and what other passages, that may not have been quoted, have to say about the topics of money, success, poverty, etc.
Disclosure of Material Connection: I received this book free from the publisher through the BookLook Bloggers <[...]> book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 <[...]l> : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
While written from a Christian perspective, this book is not a Bible study. Ramsey and Cruze make no attempt though to hide their beliefs or how those beliefs influence their decisions in life. My only minor disagreement with them from the faith perspective, is that they believe the common Christian idea of tithing ten percent. I wish they had done a little deeper study, because they would have discovered that in the Old Testament people actually gave much more than 10% and in some instances in the New Testament, Christians were selling everything they had and sharing it to help others. Personally, our family tries to operate from the viewpoint that everything is God’s and we try to spend it in ways we believe please him, which generally means giving away much more than ten percent. This is a stretch goal for many and our slight disagreement on tithing does not negate my enthusiasm for the book as a whole.
Perhaps my favorite part of the way Ramsey and Cruze give their suggestions for teaching good money skills to our children is that they have really thought through all of the possible angles. I have seen many parenting books trashed by critics who misunderstood the advice or followed it in ways not promoted by the authors. Ramsey and Cruze address this more than once. They give concrete examples of people they have met who have misunderstood and followed advice they never actually gave. The authors are even more helpful because they explain why going to that extreme is actually harmful to your child and re-emphasizing what the original advice would look like in practice.
From how to teach saving and budgeting to how to handle paying for college, this book is a great how-to manual for teaching your children about money. Strangely enough, my husband and I found Dave Ramsey after we had already instituted many of these same ideas with our own daughter. We executed a few of them in a slightly different fashion, but the principles were the same.
Our family has not done everything perfectly with money, but I will say whenever we stick by the basic principles the Ramsey clan promotes, things go smoothly. The principles work – we can testify to it. Not only do my husband and I avoid financial arguments, but we have raised a child who is incredibly hard working and extremely money savvy, while also being extremely generous. (I was given a free sneak peek at this book by the authors in return for my honest review. This is a must-have parenting resource in my opinion.)