A01=David Owen
accounting
asset
Author_David Owen
banking
banks children
budget
business management
career
Category=VFV
charity
children and money
childrens finances
credit
earning
entrepreneur
entrepreneurship
eq_bestseller
eq_health-lifestyle
eq_isMigrated=1
eq_nobargain
eq_non-fiction
expense
financial advisor
financial discipline
financial independence
fund kid
interest
make your kid a money genuis
managing
market
my usual game
new yorker
parenting advice
personal bank account
personal finance
portfolio management
profit
raise financially responsible children
raising financially fit kids
real estate
relationship bank account
rich
saving account for children
self-employed
small business
stock
teaching kids about money
the chosen one
the making of the masters
the opposite of spoiled
wealth manage-ment
work
Product details
- ISBN 9781416534259
- Weight: 225g
- Dimensions: 140 x 216mm
- Publication Date: 24 Apr 2007
- Publisher: Simon & Schuster
- Publication City/Country: US
- Product Form: Paperback
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Every parent wants to raise financially responsible children, but often, any efforts to teach kids about money are doomed from the start. As David Owen learned with his own daughter and son, parents who take a traditional approach to talking about money will find that their children learn all the fiscal restraint of an Enron executive.
So Owen devised a novel approach: he established the Bank of Dad, offering simple terms and generous incentives for saving, and then stepped aside and gave his young children the freedom to use their money as they wanted. Instead of blowing it all on candy and toys, they developed a strong sense of financial discipline and responsibility. As they grew older, he added a stock exchange to the Bank of Dad to broaden their understanding of investing.
It sounds complicated, but it's not. His kids will have to work for a living someday, but they are well armed to meet their financial needs and responsibilities. They are avid savers; they know how to balance their checkbooks; they understand the principles of investing in stocks and bonds.
The First National Bank of Dad is a highly accessible guide that offers excellent financial tips for any family and shows readers just how to implement this unusual and innovative plan in their own households.
So Owen devised a novel approach: he established the Bank of Dad, offering simple terms and generous incentives for saving, and then stepped aside and gave his young children the freedom to use their money as they wanted. Instead of blowing it all on candy and toys, they developed a strong sense of financial discipline and responsibility. As they grew older, he added a stock exchange to the Bank of Dad to broaden their understanding of investing.
It sounds complicated, but it's not. His kids will have to work for a living someday, but they are well armed to meet their financial needs and responsibilities. They are avid savers; they know how to balance their checkbooks; they understand the principles of investing in stocks and bonds.
The First National Bank of Dad is a highly accessible guide that offers excellent financial tips for any family and shows readers just how to implement this unusual and innovative plan in their own households.
David Owen plays in a weekly foursome, takes mulligans off the first tee, practices intermittently at best, wore a copper wristband because Steve Ballesteros said so, and struggles for consistency even though his swing is consistent -- just mediocre. He is a staff writer for The New Yorker, a contributing editor to Golf Digest, and a frequent contributor to The Atlantic Monthly. His other books include The First National Bank of Dad, The Chosen One, The Making of the Masters, and My Usual Game. He lives in Washington, Connecticut.
