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Silence Around Money Hurts Kids
- Parents often treat money as off-limits because they were told 'that's none of your business' growing up.
- Ron Lieber says avoiding money talk fragilizes children and leaves them unprepared for adult financial decisions.
Spoiled Is Created By Parenting
- Spoiled is best seen as a verb: children are spoiled by parenting choices, not born that way.
- Lieber defines spoil as no rules, no consequences, no allowed failure, and entitlement to goods or privileges.
Use Money Talk To Teach Character
- Use family money conversations to teach modesty, thrift, patience, generosity and gratitude.
- Lieber recommends rituals around saving, spending, and giving to build those virtues.