1 SENTENCE SUMMARY: In The Opposite of Spoiled, Ron Lieber provides parents with the tools to raise financially savvy and generous children in a world of wealth and privilege.
“It’s not the money that matters most, it’s how you use it.”
Quick Info
Category: Personal Finance
Publish Date: 2016-02-23
# Pages: 272
ISBN: 0062247026
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Table of Contents
Overview
The Opposite of Spoiled by Ron Lieber is a book that offers parents a way to help their children develop into generous, responsible adults even in today’s world of rising wealth and economic disparity.
Lieber provides practical advice on how to talk to children about money, how to teach them to be generous and how to avoid spoiling them.
He explores the idea of financial literacy, and how it can be used to help children understand the value of money and how to use it to benefit their lives as well as the lives of those around them.
Lieber also examines the emotional, psychological and social aspects of money, and how to help children form positive attitudes about it.
4 Key Lessons from The Opposite of Spoiled by Ron Lieber
1. Teaching Kids About Money
The Opposite of Spoiled provides a comprehensive guide to teaching kids about money, from the basics of budgeting, earning and saving, to the more nuanced principles of investing, philanthropy and smart consumerism.
It provides parents with real-world examples and practical advice, so they can equip their children with the financial literacy skills necessary to make sound financial decisions in the future.
2. The Value of Work
Ron Lieber encourages parents to help their children appreciate the value of hard work and money by giving them age-appropriate responsibilities, such as doing chores, taking on summer jobs, or creating a business.
He stresses that these activities should involve meaningful work, rather than just token activities, so that kids can learn the importance of effort and the value of money.
3. Encouraging Generosity
The Opposite of Spoiled emphasizes the importance of teaching kids the value of generosity and philanthropy.
It encourages parents to lead by example, and to give their children opportunities to make meaningful contributions to causes that they care about.
4. Developing Healthy Spending Habits
The book provides parents with strategies for helping their kids develop healthy spending habits.
It emphasizes the importance of teaching kids to be smart shoppers, to recognize the value of delayed gratification and to set aside money for their future.
Who Should Read It
This book is recommended for young adults, teenagers, and parents who want to cultivate financial literacy in their children.
It is a great resource for those looking to teach their children about money management and the basics of financial planning.
Where to Get It
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About Ron Lieber
Ron Lieber is an award-winning journalist and author.
He wrote the book The Opposite of Spoiled which is a modern guide to raising generous, responsible, and financially savvy children.
Lieber has been a financial columnist for The Wall Street Journal since 2008 and has written two other books, Your Money and Your Life, and The Slimy School Bus.
He has also been featured in various media outlets such as The New York Times, The Today Show, and NPR.
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Other Personal Finance Books you may Like:
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- The Simple Path to Wealth by JL Collins
- The Tao of Charlie Munger by David Clark
- The Total Money Makeover by Dave Ramsey
Over to You
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Simon
Welcome to DailyBitsOfWisdom.com, my passion project inspired by my own battle with depression. Here, I share resources on journaling, positive affirmations, self-help insights, and book summaries, creating a nurturing space where we can connect, learn, and grow together on our journey to self-discovery and personal growth.