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Title: Young Bucks: How to Raise a Future Millionaire
ISBN: 0785221859
Author:
Troy Dunn
Publicate Date: 2007-11-13
Publish: 2007-11-13
List Price: $17.99
Average Customer Rating: 4.5
Format: Hardcover
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Amazon Lowest New Price: $7.89
Amazon Lowest Used Price: $6.99
Amazon Merchant Price: $9.56
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| Customer Review: |
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1: EXCELLENT ADVICE
Troy Dunn has put common sense into words that can be referred to time and time again as your child, (or children), of any age approach the subject of money. The "I want, I need, can I have" words that are all too familiar from our children are guided by their parents to think how they might find ways of earning money for their desires rather than just expecting handouts or waiting for that next birthday or holiday to roll around. It is definitely a reward system for all, self esteem for the child, when he 'gets it' and for the parent when they don't have to 'give it' all of the time!
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2: A little light-weight
I enjoyed this book and agreed with the principal of teaching your children to be enterprising, not just eventually "get a job", or worse, provide everything they wish. My husband is self-employed. He and his siblings were very entraprenurial as kids and they have all become successful in their ventures as adults.
A few things I think need mentioning. First, not all people are entrapreneur material. And people who are often are without any overt help from their parents. Some kids are leaders, others not. Second, don't underestimate the amount of effort it takes for a parent to set their child up in a business, unless your child is already a teenager. My son, age 8, is eager to sell candy bars, one of the businesses Dunn lists in this book. But the majority of the legwork has to be done by MOM. It's not hard to see why one might rather give them an allowance.
This book is not thorough. Three chapters were business ideas, which made me wonder why break them into chapters. Dunn does not go into depth on spending money effectively, which is a major part of how wealthy you actually become. Also, Dunn mentions a website for young entrapreneurs, but when I looked it up, there was nothing there except a place to enter my e-mail addy. Maybe I need to look at it again, but I was mystified when I tried to find it.
My only other small peeve is the wording of the sub-title. Why not, "How to raise enterprising, money-smart kids" or something similar. The money is not the thing. If I hadn't seen Troy Dunn on tv, I probably wouldn't have picked the book, seeing the sub-title.
Overall, not a bad book, but not my favorite on the subject. "The Millionaire Mind" and "Rich Dad, Poor Dad" are better.
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3: An Excellent Starting Place
This book is an excellent place to start for anyone that wants more for their children (& themselves). It is written in easy terms that you will be able to understand regardless of your background.
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4: good basics
While its difficult to teach young children about money since there are issues with counting as well as the value associated with different coins and bills this book is a big help. It makes it easier to help the child identify what they want and then devise a plan on how to get there. No matter what the age this is an important concept. Start with an end in mind and work backwards. Hmmm, I think alot of the adults buying this book could implement the concepts along side the kids. I have found it is a good way to find projects to work on with the kids that they actually care about. the simplicity of the concepts makes it easy to use them in everyday life. I think this is a must read for all parents. Thanks
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5: Handbook for Encouraging Young Entrepreneurs
This is one of the best books I have read on how to encourage the young entrepreneur in your family. Troy Dunn should know because six of his seven children are entrepreneurs! The youngest is making $85 per hour baking and selling cookies at soccer games. Troy outlines specific steps for each age group and gives some examples of businesses kids can try. Even though the sub-title is "how to raise a future millionaire", Troy stresses it is not all about the money. He wants kids to experience the excitement of using their natural talents and the fun of being the boss.
Daphne A. Nowell, author
Juana Meets Gabriel, the Small Business Angel (Business Angel Books) (Business Angel Books)
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