The Opposite of Spoiled

by Ron Lieber

How to raise kids who are smart, generous, and grounded about money. Lieber, the NYT's 'Your Money' columnist, gives parents a framework for talking about money openly — without creating entitled or anxious kids.

Key Takeaways

→Kids who understand money make better adults with money
→Allowance is a teaching tool, not a reward
→Answer your kids' money questions honestly — including about your own finances
→Generosity is a financial skill that can be taught
→The word 'no' teaches as much as the word 'yes'