Product Description

A parent's guide to raising financially responsible children in an age of unprecedented wealth

It is natural as parents that we want to give our children the best of everything. And in an age of unprecedented wealth and easy credit, upper- and middle-income parents can indulge that urge like never before. Yet, you have become alarmed over the impact this newfound affluence may be having on your children. You fear that through your generosity you are training your children to be greedy, selfish spendthrifts. The first parenting guide to focus exclusively on this increasingly sensitive topic, Silver Spoon Kids was coauthored by a psychotherapist who counsels people with money-related emotional problems and a lawyer specializing in estate planning.

Drawing upon their experiences as members of the renowned NYU Family Wealth Institute, they tell you how to talk to kids about money, how to teach them to handle it responsibly, and how to instill in your kids a sense of giving to their communities.

Product Details

• Amazon Sales Rank: #139541 in Books
• Published on: 2001-12-28
• Original language: English
• Number of items: 1
• Binding: Paperback
• 272 pages

Features

• ISBN13: 9780809294374
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From the Back Cover
Don't allow money to ruin your child

Being an affluent parent comes with its own particular set of concerns and responsibilities. This is relevant not only to the superrich but also to the millions of families whose children are exposed to material abundance. While many parents know how to capitalize on their wealth financially, they aren't as certain how to make sure money doesn't spoil their children. This expert handbook can show you how. A mix of practical tips, instructive real-life stories and anecdotes, and highly effective advice, Silver Spoon Kids addresses the how and the equally important why of instilling in your family a healthy relationship with money in your family. Here you'll find out how to:

• Talk to your child about money in general--and your money specifically
• Be sure your child doesn't become spoiled
• Use an allowance to teach your child to use money responsibly
• Foster a philanthropic outlook in your child
• Define your family's most important values and communicate them effectively
• Avoid your nightmare of an unmotivated, underachieving, materialistic child

Also included are helpful checklists, self-tests, and Silver Nuggets--brief bits of wisdom and advice that you can quickly put to use. In an age of unprecedented wealth, unlimited credit, and rampant materialism, this practical, timely book can help you raise well-adjusted, emotionally and financially secure children.

About the Author

Eileen Gallo, Ph.D., is a psychotherapist specializing in psychological issues related to money and family wealth. She has written numerous articles about affluence and children and writes a regular column for the Journal of Financial Planning.

Jon Gallo is a nationally respected estate planning attorney who has worked with thousands of affluent families to plan their estates. He is the author of many professional articles and, along with his wife, a founder of the American Bar Association Committee on the Emotional and Psychological Issues of Estate and Financial Planning.

As codirectors of the Gallo Institute, Eileen and Jon conduct seminars and workshops for families and financial advisors. They have been quoted by Kipinger's, Worth, Forbes, Reuters, and Bloomberg. They live in Los Angeles and are the parents of three adult children.

Customer Reviews

Read this book along with your Dr. Spock!!
I work in the field of philanthropy have hosted many workshops on issues of children and money. The four hours I spent reading this book were the most educational and fruitful four hours I have ever spent on issues of how to raise children!! Whether your family is middle class or affluent, you will benefit from this book. In my opinion, the lessons offered by the Gallos on values and raising children go far beyond issues of money. I believe it is really a guide to raising well rounded and socially responsible children. I know I will return again and again to the chapters in this book both personally and professionally. Buy this book and read it!!

Great advice for parents
I found this to be a very helpful book in dealing with kids and money. There is practical advice on topics such as allowance, helping kids set budgets, influencing your childrens' purchasing decisions (or not) and other good items. It is written for the lay person without any prior knowledge of pyschology. The book is an easy read and covers the topic very thoroughly. A great tool for all parents.

A really helpful counsel
Reading the Gallo's book Silver Spoon Kids is like a one on
one conversation with professional help!
It is full of practical advice and helps no matter what level of affluence one has.
Scattered throughout are special 'nuggets' of ideas to
use NOW. The benefits of this knowledge are immediate!