Wednesday, February 18, 2015

Nonfiction: The Opposite of Spoiled, Ron Lieber

The Opposite of Spoiled
Ron Lieber
ISBN: 9780062247018
Read February 14, 2015

Lieber is the personal finance columnist for the New York Times, and he's fielded a lot of questions from parents worried about how to talk to their kids about money and finances.  

He does a very good job staying clear of the minefields represented by "are we poor" and "are we rich" respectively, and tackles money talks mainly from the perspective of providing moral grounding ;"here's WHY this is something we buy/don't buy" and from a financial preparedness perspective; "if you get $5 in allowance every week, and you get 25% interest if you keep the money longer than six months, how much money will you have to spend on that enormous LEGO set you want?" and he also addresses obvious charitable giving (and other acts of charity) as well as the social awareness and responsibility that comes with being part of a country where wealth is so unevenly divided.

Excellent book, and a good resource for parents or teachers who want to make sure that kids are aware of how money works, and how to make it work for you, and how to be aware of the social and moral entanglements money and spending involves.

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