Millionaire Babies or Bankrupt Brats?: Love and Logic Solutions to Teaching Kids About Money

by: Jim Fay and Kristan Leatherman

Published by: Love and Logic Press

Reviewed by Jamie Driggers

This parenting gig is a tough one. We want the best for our kids, but in this gimme society we and our kids might have a pretty different view of what constitutes best. Or maybe we parents are part of the problem, striving for the best of things instead of the best of money management.

The thing about money problems is that they don’t just go away. And money management isn’t inherent. It must be learned. We, as parents, can go a long way towards teaching our children the essence of money management. Heck, we’ll either teach them by our actions or by our inaction. For those of us that want to teach our children financial matters without committing them to the school of hard knocks, enter authors Fay and Leatherman.

Millionaire Babies or Bankrupt Brats? is a comprehensive source for training our children on money. How do we teach them responsibility? How does allowance come into play? Can we teach delayed gratification without being an ogre? How to save, how to borrow, how to share? How to do it? And how about a few parenting techniques thrown in for free?

Lovers of the Love and Logic system will love this financial take. Those unfamiliar with the system will probably have it down pat once they finish this book and can implement it in other areas of parenting as well.

Millionaire Babies or Bankrupt Brats? utilizes the best of Love and Logic to raise money wise children. And in this world, there is little more important to raise functional adults.

Armchair Interviews agrees.

This book is also available directly from publisher:

http://www.LoveandLogic.com