Make Your Kid a Millionaire: 11 Easy Ways Anyone Can Secure a Child's Financial Future |  | Author: Kevin McKinley
Publisher: Fireside
List Price: $14.00
Buy Used: $0.01
as of 11/22/2009 11:47 CST details
You Save: $13.99 (100%)
New (28) Used (36) from $0.01
Seller: thrift_books
Rating:  12 reviews
Sales Rank: 113692
Media: Paperback
Edition: illustrated edition
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.4 x 5.5 x 0.7
ISBN: 0684865645
Dewey Decimal Number: 332.02401
EAN: 9780684865645
ASIN: 0684865645
Publication Date: January 1, 2002
Availability: Usually ships in 1-2 business days
| |
| Accessories:
|
| Similar Items:
| |
| Editorial Reviews:
Product Description
A STEP-BY-STEP PROGRAM THAT SHOWS PARENTS WHAT TO DO AT EACH STAGE OF A CHILD'S LIFE TO PROVIDE WEALTH FOR THE NEXT GENERATION. If you're like most parents, you know that you should start saving for your children's future but you're just not sure where to begin. In Make Your Kid a Millionaire, Kevin McKinley presents eleven easy ways parents can give their children a college education, a home, a comfortable retirement, and a chance to reach their goals without looking to you for money. With a commonsense approach, McKinley takes the reader from the birth of a child into adulthood and Guides parents through market swings Shows parents and grandparents how to cut their tax bills as they grow their family net worth Recommends "catch-up" tips to parents who haven't started saving yet Shows you where to find money to save Whether you earn six dollars an hour or six figures a year, Make Your Kid a Millionaire helps your kids acquire everything that more money can provide: Time. Knowledge. Security. Stability. And it will grant you the peace of mind that comes with supplying your children with a financial head start.
|
| Customer Reviews:
Showing reviews 1-5 of 12
 Good Ideas, Especially If You Are Wealthy March 7, 2008
kt
The more money you have, the more you (or your kids, rather) will benefit from this book. It's full of good ideas for boosting your children's future financial security, but some of the ideas aren't really within the reach of ordinary middle-class parents. Most of all though, the book will motivate you to do whatever you can for your kids as soon as possible. Rich or not, almost all parents can save more than they do, and if the savings are properly invested, they can provide a huge benefit to the next generation.
The basics made easy September 24, 2007
G. Collector
4 out of 5 found this review helpful
I bought the book because the title caught my eye and as a parent of a young child all the information I can gather to assist her in having a head start in life financially is worth investing $13 in a book.
I consider myself an advanced investor and was lucky to have had my parents insist that I begin investing towards retirement as soon as I started working as a teen. Therefore, I have the practical experience in the power of compound interest at work and this book provided additional reinforcement on the theory of starting your investment career as young as possible.
In my opinion every grandparent should give this book as a gift to a new parent because it hammers home the need to start when your children are young. It's written in simple enough English that everyone can follow along.
What I found useful is the advice it provides parents on how to handle money issues for teens and young adults touching upon trusts, etc.
Buy it.....your $13 investment will be rewarded hundreds of times over.
 Good primer January 29, 2007
ScrawnyPunk (Houston, TX USA)
6 out of 6 found this review helpful
This book is a good primer for anyone who feels they are a beginner when it comes to personal finance. However, even though I have been around the block a time or two with this particular subject, I still found some things that were new to me (for instance...how to tell let the grandparents know where to send money without coming across as a money-grubber). For the price, I would recommend it to anyone.
This book is written in a conversational style and is extremely easy to read. I would caution that some of the suggestions appear easier than they actually are. For instance, it is theoretically possible to make someone a millionaire by saving tiny amounts of money for 50 years, but I challenge you to find a blue collar employee who is currently saving for their CHILD'S retirement. I also believe that some of the recommendations may not serve in the best interest of your children (i.e. can you trust them to be self-sufficient and motivated when you provide for every single financial need over the entire course of their lives?) Nonetheless, 90% of the ideas are sound and should be read by anyone with beginner's questions.
good organizational choices June 27, 2006
Vonnegut "Indy" (U.S.)
3 out of 5 found this review helpful
Very helpful to have the sections broken down into the child's age grades, rather than only by investment vehicle. And the advice on protecting oneself from the child, as well as the child from themselves, is something you don't often see. It may seem cynical, but this is really a necessary discussion to have, even if internally.
My primary criticism is that he fails to adequately address the economic context of his investment portfolios. It would really be helpful to at least mention, for example, that bonds do better in environment type A, but not so well in B, then offer a suggested list of resources for further study. If, as the book seems to assume, these are parents not scared off by investing their own money, they will likely want to do some more research before settling on allocation.
 Fun, Informative, and Educational for the Whole Family June 1, 2006
Christopher Elliott (Washington, DC)
2 out of 4 found this review helpful
Mr. McKinley writes in a clear, concise, and interesting manner and gives helpful advice for all parents in how to best plan their children's financial future. I have recommended this book to many of my friends who are parents of newborns, and they love it!
Showing reviews 1-5 of 12
|
|
|
|
