Spoiled Rotten: Raising Kids That Aren't

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4.4 • 823 Ratings

🗓️ 21 April 2015

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Advice on allowance, dealing with the "I wants," tools to help instill values, and how to answer uncomfortable questions like, "Why don't we have [showy item the neighbors own]?" from New York Times columnist Ron Lieber, author of "The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money."

Transcript

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0:00.0	Well, this is Motley Fool Answers. I'm Allison Southwick, and as always, I'm joined by
0:03.6	Deanna Yokem and Robert Brokamp, personal finance experts here at the Motley Fool. And today
0:08.9	we have a special guest. It's Ron Lieber. He's a personal finance columnist for the New York
0:15.1	Times. And he's also the author of the new book, The Opposite of Spoiled, Raising Kids
0:20.6	Who Are Grounded, Generous, and Smart about money?
0:24.2	Because who wouldn't want to do that?
0:26.0	Thanks for joining us today.
0:27.4	It's a pleasure to be here in Foolland.
0:29.9	Yay!
0:30.7	Well, I'm going to set expectations a little bit here.
0:33.8	Robert Brokamp, you have four children.
0:35.6	That I know of, yes.
0:36.7	I have one child. She's two.
0:39.6	You have, Ron, you have a child
0:41.4	another on the way. Uh-huh. We're talking
0:43.2	to the kid in the womb about money already.
0:45.6	Perfect. Perfect.
0:47.7	And Deanna,
0:49.1	she sleeps soundly on a
0:51.3	mattress full of money.
0:53.1	As all the childless do.
0:54.9	I'm rich.
	...

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