Comments on: Book Review: First National Bank of Dad http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/ Moving beyond the basics Mon, 01 Dec 2008 21:28:21 +0000 http://wordpress.org/?v=2.2.2 By: Steve http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-30734 Steve Fri, 11 Jul 2008 13:26:31 +0000 http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-30734 the more we can teach kids about money the better - i know a few 18 year olds who have no idea what its like to pay their bills first and have fun later and end up in a pretty bad situation of either borrowing money from ma and pa all the time or credit card debt. I'm thankful my parents taught me the key to responsibility of taking care of bills first and fun later - and of not having a credit card. the more we can teach kids about money the better - i know a few 18 year olds who have no idea what its like to pay their bills first and have fun later and end up in a pretty bad situation of either borrowing money from ma and pa all the time or credit card debt.

I’m thankful my parents taught me the key to responsibility of taking care of bills first and fun later - and of not having a credit card.

]]> By: KMC http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-13624 KMC Thu, 17 Jan 2008 10:51:50 +0000 http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-13624 Dad x 2, I certainly respect your opinion. Thanks for your thoughts. Dad x 2, I certainly respect your opinion. Thanks for your thoughts.

]]> By: Dad x 2 http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-13569 Dad x 2 Wed, 16 Jan 2008 23:57:13 +0000 http://advancedpersonalfinance.com/book-review-first-national-bank-of-dad/#comment-13569 > You wouldn’t dream of telling someone else what to do with their paycheck That's true, but then, I also don't have any authority or responsibility to do so, either. Raising children is obviously the most intense mentoring that can be done. In the beginning, particularly with young children, it's not really about personal freedom. It's about setting norms, giving explanations, teaching skills, teaching thinking. As the kids get older, they need a maturity-appropriate amount of responsibility AND freedom. But these grow together. I disagree with Owen that, in the beginning, the money is really completely all theirs to do whatever they want with (-unsafe, -illegal). > You wouldn’t dream of telling someone else what to do with their paycheck

That’s true, but then, I also don’t have any authority or responsibility to do so, either.

Raising children is obviously the most intense mentoring that can be done. In the beginning, particularly with young children, it’s not really about personal freedom. It’s about setting norms, giving explanations, teaching skills, teaching thinking. As the kids get older, they need a maturity-appropriate amount of responsibility AND freedom. But these grow together.

I disagree with Owen that, in the beginning, the money is really completely all theirs to do whatever they want with (-unsafe, -illegal).

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