The Financially Intelligent Parent 8 Steps To Raising Successful, Generous, Responsible Children

by Gallo, Eileen; Gallo, Jon

• ISBN13: 9780451215284
• ISBN10: 0451215281
• Format: Paperback
• Copyright: 2005-06-07
• Publisher: NAL Trade

Summary

What you say and do about money has a profound influence on your children. There are money moments every day that you can use to teach your children important skills and lessons about life. But what to say or do isn't always obvious. Is it a good idea to pay for chores or grades? How do you help your children develop a work ethic? When should you start giving an allowance, and how do you structure it to help your children learn to make choices? Why is involving your children in charity so important?

Author Biography

Eileen Gallo, Ph.D., is a Los Angeles psychotherapist specializing in issues related to money and family. She has published the seminal study The Psychological Impact of Sudden Wealth and co-authored several articles about money and children with her husband.

Jon Gallo, J.D., is a nationally known specialist in estate planning for high net worth individuals, and serves as chair of the UCLA Estate Planning Institute advisory board.

Table of Contents

Introduction	1	(6)
The Money Beliefs of Financially Intelligent Parents	7	(16)
Financially Clueless Parents: Recognize the Signs	23	(18)
Why Now: The Factors that Increase the Odds of Making Mistakes	41	(13)
Encourage a Work Ethic	54	(22)
Get Your Money Stories Straight	76	(21)
Facilitate Financial Reflection: Helping Your Children Learn to Make Good Money Choices	97	(17)
The Importance of Being a Charitable Family: Giving Back to the Community	114	(21)
Teach Financial Literacy	135	(23)
Spend Time and Money in Ways that are Consistent with your Values	158	(16)
Be Aware of and Moderate your Extreme Money Tendencies	174	(15)
Engage in Difficult Financial Discussions	189	(14)
Flexibility: How to Integrate the Behaviors into your Parenting Style	203	(14)
Index	217