The Money Mind for Kids
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The Money Mind for Kids

David Sebastian Categories:Personal Finance
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Source: Audible
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Synopsis

author:David Sebastian
readBy:Stacy Carolan
inLanguage:english

I have been privileged to work with the wealthiest people in our world with my experience as a CPA. My clients have ranged from presidential candidates to real estate moguls and venture-backed start-up companies. As their personal accountant, I manage their day-to-day money affairs. Working with families whose net worth ranges from twenty-five million to one billion dollars, I’ve become their trusted advisor, accountant, and at times, their financial therapist. Not only am I privy to where every dollar is spent, but also hear their narratives about success and the sorrows of amassing so much wealth. Between accounting and financial therapy, I sit every day listening, observing, analyzing, and helping them strategize for future generations.

Throughout The Money Mind for Kids, you’ll find seven concepts I’ve seen as common threads throughout these families. You’ll discover the most important thing every successful family passes to each generation:

  • Discover how your kid's view of failure will change the way they view success: the single most important tool necessary for every child to create wealth.
  • Discover how building little by little can create an infinite return.
  • Explore how the wealth creation process exponentially grows a family's cash flow, and can do the same for your family.
  • How to avoid the one thing that will prevent your kids from getting ahead.
  • Discover how your dollars can be working the exact same way as affluent families.
  • How to save your kids from being spoiled.

Money can feel complex and overwhelming. I get it. However, that doesn't mean you can't teach these concepts to your children. Think about it like this. When you get into your car, do you know how every single piece of your engine works? The complexities and inner workings of an engine are left to a mechanic. But most of us know how to drive a car. Understanding financial matters are no different than learning how to drive. You don't need to know all the complexities of economics, accounting, and financial.

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David Sebastian

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