Silver Spoon Kids : How Successful Parents Raise Responsible Children / Edition 1

by Eileen Gallo, Jon Gallo, Jon J. Gallo

Overview

A parent's guide to raising financially responsible children in an age of unprecedented wealth

It is natural as parents that we want to give our children the best of everything. And in an age of unprecedented wealth and easy credit, upper- and middle-income parents can indulge that urge like never before. Yet, you have become alarmed over the impact this newfound affluence may be having on your children. You fear that through your generosity you are training your children to be greedy, selfish spendthrifts. The first parenting guide to focus exclusively on this increasingly sensitive topic, Silver Spoon Kids was coauthored by a psychotherapist who counsels people with money-related emotional problems and a lawyer specializing in estate planning.

Drawing upon their experiences as members of the renowned NYU Family Wealth Institute, they tell you how to talk to kids about money, how to teach them to handle it responsibly, and how to instill in your kids a sense of giving to their communities.

Product Details

ISBN-13:	9780809294374
Publisher:	McGraw Hill LLC
Publication date:	12/28/2001
Pages:	288
Sales rank:	949,439
Product dimensions:	5.50(w) x 8.30(h) x 0.60(d)

About the Author

Eileen Gallo, Ph.D., is a psychotherapist specializing in psychological issues related to money and family wealth. She has written numerous articles about affluence and children and writes a regular column for the Journal of Financial Planning.

Jon Gallo is a nationally respected estate planning attorney who has worked with thousands of affluent families to plan their estates. He is the author of many professional articles and, along with his wife, a founder of the American Bar Association Committee on the Emotional and Psychological Issues of Estate and Financial Planning.

As codirectors of the Gallo Institute, Eileen and Jon conduct seminars and workshops for families and financial advisors. They have been quoted by Kipinger's, Worth, Forbes, Reuters, and Bloomberg. They live in Los Angeles and are the parents of three adult children.

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Table of Contents

	Foreword	ix
	Acknowledgments	xi
	Introduction	xiii
1	Affluence Is a Double-Edged Sword	1
2	Keeping Your Child's Development on Track	17
3	Money Personalities	37
4	The Value of Values	59
5	Talking with Your Kids About Money	85
6	Allowances: Giving Your Child More than Money	117
7	Diversity: How to "Unshelter" Your Child	133
8	Give and You Shall Receive	153
9	Family Wealth Planning	177
10	Parenting in an Age of Change: Dealing with New or Unusual Money Situations	203
11	Invest in Your Child's Future	231
	Appendix	241
	Bibliography	249
	Index	257