In his book The Opposite of Spoiled, Ron Lieber describes a conversation that occurred between Chris Rock and Jon Stewart back in 2012. In an interview on Stewart’s show, they got around to discussing the challenges both faced in raising children who could remain grounded amid wealthy [...]
Helping helpfully
Life is expensive. There’s no doubt about that—especially for young adults contending with budget busters like housing and tuition. If you have adult children facing these expenses and want to help them financially, you may be wondering how best to approach it. While every family is different, below [...]
Parenting for financial success
When I was growing up, one family in the neighborhood lived differently from all the others. In their garage was a Rolls-Royce, and when each of their sons turned sixteen, a new BMW showed up in the driveway. Because it was so out of the ordinary, it caught my attention. It [...]
How to teach your children about personal finance
When I was a kid, I never liked the game Monopoly. I found it slow and uninteresting. But now, as a parent, I see its value. I’ve tried a lot of things to teach my children about money, but nothing comes close to Monopoly in its ability to convey lessons in personal finance. Sure, it helps kids [...]
