Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation

Overview

How to make the financial rewards of one generation the startingpoint for the dreams of the next generation

Kids, Wealth, and Consequences provides an iterative,chapter-by-chapter process that leads parents to a deeperunderstanding of themselves and what their choices and actions meanfor their children.

The book describes how parents can impart to their children theskills they need for successful, happy lives. Morris and Pearl helpparents ...

See more details below
Other sellers (Hardcover)
  • All (13) from $17.19   
  • New (8) from $20.16   
  • Used (5) from $17.19   

Overview

How to make the financial rewards of one generation the startingpoint for the dreams of the next generation

Kids, Wealth, and Consequences provides an iterative,chapter-by-chapter process that leads parents to a deeperunderstanding of themselves and what their choices and actions meanfor their children.

The book describes how parents can impart to their children theskills they need for successful, happy lives. Morris and Pearl helpparents evaluate how their choices in spending, financialmanagement, and estate planning affect the wealth and the legacythey will leave behind. The authors offer ways for parents todiscuss money with their children, teaching them how to spend,invest, and manage it responsibly. Parents also learn how to avoidthe unintended consequences of inherited wealth, such asuncontrolled spending, lack of directing, lack of self-esteem, anddependency.

In addition, the authors address the key financial,intellectual, and emotional issues of wealth. The book tackles such"hard" issues as investing and estate planning as well as such"soft" issues as values, family, and communication in a way thatunderscores the interplay among all three areas.

Morris and Pearl cite experts to illustrate key points and alsoinclude insights into how recent economic difficulties haveaffected decision making.

Read More Show Less

Product Details

  • ISBN-13: 9781576603482
  • Publisher: Wiley
  • Publication date: 2/3/2010
  • Series: Bloomberg Series, #39
  • Edition number: 1
  • Pages: 274
  • Sales rank: 596,887
  • Product dimensions: 5.60 (w) x 8.60 (h) x 1.00 (d)

Meet the Author

Richard A. Morris is principal of Resource for OwnershipIntelligence (ROI) Consulting, which helps family-business ownerspass their businesses to subsequent generations. He is also anadjunct professor at Lake Forest Graduate School of Management.Morris has been quoted in numerous media and is a frequentcontributor to various business publications. He received his MBAfrom Northwestern University. He lives in Chicago.

Jayne A. Pearl has been a financial journalist for nearlythirty years, focusing on family business and advising parentsabout children and money. She has been quoted extensively in printand television media. She was a senior editor at FamilyBusiness magazine and also worked at Forbes. Pearl isthe author of Kids and Money. She lives in Amherst,Massachusetts.

Read More Show Less

Table of Contents

Foreword (James E. Hughes Jr.)

Acknowledgments.

Introduction.

SECTION I: Financial Choices.

1 Calculating Your Family's Future.

2 To Trust and How to Trust.

3 Portfolio Management.

SECTION II: Intellectual Choices.

4 Financial Literacy.

5 Skills and Experience.

6 Goals and Purpose.

SECTION III: Spiritual/Emotional Choices.

7 Success and Happiness.

8 Communication.

9 Navigating the High–Net Worth Environment.

SECTION IV: Integrating Your Choices.

10 The Family Glue.

11 Pulling It Together.

Appendixes.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)