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Reviewed by Vincent Dublado for Readers' Favorite
Make Your Kids Millionaires: Step-by-step Guide to Lead Children to Financial Freedom by Loral Langemeier and Kyle Boeckman is a work that combines parenting and financial literacy. This book helps you to take steps early on to prepare your children for making sound financial decisions. The book is divided into two parts. The first deals with the financial foundation that addresses the need to set goals and develop the right mindset. The second part is where theory and practice go hand-in-hand, and it is presented in an age-by-age format beginning with the period from birth to age five and concluding with age 18 and beyond. This method allows parents to effectively teach appropriate financial concepts to each given age group so that children can easily grasp them.
As learning is said to be a continuous process, teaching financial literacy to your children from an early age requires a long-term commitment, but the outcome is highly rewarding. As money will always be a common theme in discussions between children and parents, Loral Langemeier and Kyle Boeckman show you that it’s never too early to educate your children about financial matters. Langemeier and Boeckman’s tried and tested approach will allow you to consider which path to follow, based on what makes the most sense for you and your children, while taking your situation into account as every wealth-building experience varies with the circumstances. This flexibility enables you to choose the best path and plan accordingly, something that you don’t find in many of the personal finance and business books on the market today. Make Your Kids Millionaires is a treasure trove of financial knowledge that will benefit both you and your children. If you’re a parent and wish nothing but financial success for your kids, this is the book that you must read.