Make Your Kid a Money Genius: 2 Minutes Summary

1 SENTENCE SUMMARY: This book offers parents the tools they need to teach their children essential money skills and understandings, helping them to become financially secure and responsible adults.

“Teaching your kids about money is one of the best gifts you can give them; it’s a gift that can last a lifetime.” – Beth Kobliner

Quick Info

Overview

Make Your Kid a Money Genius by Beth Kobliner is an essential guide for parents who want to teach their children the fundamentals of finance.

In this book, Kobliner explores the importance of financial literacy from a young age and offers practical, age-specific advice for parents to help their kids learn the basics of budgeting, saving, investing, and more.

From preschoolers to college students, Kobliner provides simple, yet effective tips and techniques to help parents foster financial literacy in their children and help them develop responsible money habits that will last a lifetime.

With her expertise in the field of personal finance, Kobliner is an excellent guide for parents to help their children become money-savvy.

4 Key Lessons from Make Your Kid a Money Genius by Beth Kobliner

1. Start Early

Making sure to start your children off early in learning about money is the key to their financial success.

Teaching them at a young age the value of money, the importance of saving and how to create a budget can help them understand why it is important to save and spend responsibly.

This will help them develop the habits they will need to be financially independent and successful in their adult lives.

2. Make Saving Fun

Making saving fun for your children can help create a positive experience around money.

This could include creating a game out of saving by having them save for a goal or giving them a reward for completing their saving goals.

Doing this will help children understand the importance of saving and how it can help them in reaching their goals.

3. Teach Your Kids the Difference Between Needs and Wants

Teaching your children the difference between needs and wants is an important lesson in money management.

Needing something is when it is necessary for survival such as food, shelter, and clothing.

Wants are things that we would like to have but do not need.

Teaching your children the difference between the two will help them make better decisions with their money.

4. Set an Example

Children learn by example so it is important to be a good role model when it comes to money management.

Making sure that you are budgeting and saving regularly can help your children understand the importance of money management.

Additionally, if you are investing in stocks and shares, taking out insurance policies and using other financial products, then this will also be something that your children can learn from.

Who Should Read It

This book is written for parents and guardians who want to teach their children how to become financially responsible.

It provides practical advice on how to discuss money matters with children, how to set up a budget, and how to teach kids to make smart financial decisions.

Where to Get It

If you love the smell and the feel of a physical book, you can just click on the button below:

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If you’re not sure yet, I recommend you to read a more in depth summary on Blinkist. You’ll also get a 7 day free trial and more than 5.000 other books to browse through.

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About Beth Kobliner

Beth Kobliner is an award-winning author and financial education expert.

She is the author of Get a Financial Life, which has sold more than 1.5 million copies, and Make Your Kid a Money Genius.

She has been featured in numerous publications, including the New York Times, Wall Street Journal, and CNBC, and has appeared on many TV programs, including The Today Show and Good Morning America.

She also served on the President’s Advisory Council on Financial Capability for Young Americans.

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Other Personal Finance Books you may Like:

• Best Personal Finance Books
• Mindful Money by Jonathan K. Deyoe
• Money by Tony Robbins
• Nudge by Richard H. Thaler
• Playing with FIRE by Scott Rieckens

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Over to You

If you already read Make Your Kid a Money Genius by Beth Kobliner, please take a moment to rate it and maybe write your feedback in the comments. You’ll help other readers make the best choice.

Thanks a lot,
Simon

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