Make Your Kids Millionaires: The Step-by-Step Guide to Lead Children to Financial Freedom

by Loral Langemeier, Kyle Boeckman

Overview

A Wall Street Journal Bestseller

Vastly improve your child’s potential for becoming a millionaire by building their financial foundation and literacy—starting at infancy

National bestselling author Loral Langemeier and coauthor Kyle Boeckman have been proving for years that it’s possible to raise kids who are smart about money―and that ultimate success is practically guaranteed if it’s done thoughtfully and consistently.

Make Your Kids Millionaires lays out the authors’ winning approach in an engaging and hands-on way.

You’ll learn how to foster in your children a foundation of financial curiosity and create a family culture where everyone is comfortable with the topic of money. Packed with activities, exercises, and guided conversations tailored to specific age brackets from birth to 18+, this unique resource is organized into two parts: Part One helps you build this financial knowledge you need to teach your kids the basics; Part Two is broken down into chapters that are age-based, with sections within each chapter covering different financial topics. Age-specific topics and lessons include:

• Establishing Money Goals
• Setting Up a Bank Account
• Interest Makes Your Money Work for You
• Supply and Demand
• Assets Versus Liabilities
• Good Debt Versus Bad Debt
• Challenging Our Comfort Zones
• Balance Sheets and Income Statements
• Buying a Car
• Insurance
• Starting a Business
• Student Loans

You’ll learn how to set your children up for success through the use of Roth IRAs, savings accounts, tax-advantaged college savings accounts, and trusts. Make Your Kids Millionaires delivers the information, insights, and tools for teaching your children to be financially literate, for driving a lifetime of financial learning, and for accelerating your child’s flight to financial freedom.

Product Details

ISBN-13:	9781264278497
Publisher:	McGraw-Hill Professional Publishing
Publication date:	05/10/2022
Pages:	336
Sales rank:	5,541
Product dimensions:	5.60(w) x 9.00(h) x 1.30(d)

About the Author

Loral Langemeier founded integratedwealthsystems.com, a multinational financial literacy organization that has helped thousands of individuals and families create generational wealth strategies, through education keynotes, workshops, products, events, programs, and coaching services. Her books have appeared on New York Times and Wall Street Journal bestseller lists.

Kyle Boeckman is a retired U.S. Air Force Lieutenant Colonel, fighter pilot, and instructor pilot who reached financial freedom by the age of 43. He uses his 15 years of experience instructing the elite training strategies of Air Force pilot training and converts it to a similar model for teaching people about money.

Table of Contents

Millionaire Kids Checklist ix

Acknowledgments xiii

Foreword Sharon Lechter xv

Part 1 Financial Foundation

Chapter 1 Millionaire Map 3

Chapter 2 Millionaire Mindset 25

Chapter 3 Millionaire Actions 61

Part 2 Age-Specific Guide

Chapter 4 Birth to Age Five 75

Chapter 5 Ages Six to Eight 119

Chapter 6 Ages 9 to 11 159

Chapter 7 Ages 12 to 15 203

Chapter 8 Ages 16 and 17 245

Chapter 9 Ages 18 and Beyond 269

Resources 287

Recommended Reading 291

Index 293