Useful Resources To Help You Train Your Kids To Become Financial Superheroes
Monopoly - Board Game
In life it’s not about how much money you earn, it’s about what you do with that money. This is such an important lesson that so many people overlook in the real world. Playing Monopoly helps teach your kids this lesson. No one wins Monopoly by just keeping their cash. The winners are those that invest.
Monopoly Deal - Card game
This is a fast paced version of the board game.
This version is well suited to kids as it can be played quickly and it also means that there is more chances to win as they play more often.
Game of Life - Board Game
Another classic game. The object of the game is travel around the board and make life decisions. The winner is the one who acquires the most assets at the end of the game.
Pay Day - Board Game
The game is based on getting through a month without losing all your money. Teaches kids about finding bargains to sell for a profit, loans and managing money. Takes a bit of time to learn but covers a lot of money lessons in a fun way.
Books - To read with your kids
Save Your Acorns - by Robert Gardner
This is a must have book if you want to teach your young kids about the benefits of saving.
The story sets out a simple, but important message, in an engaging way. Essentially, don't spend everything you have as you might need some in an emergency.
Isabel's Car Wash - by Shelia Bair
This book teaches kids about earning money. It shows that kids shouldn't just expect to be given everything and that it requires work to achieve what they want. It also shows how working together and investing can help achieve your goals.
How the world really works: Savings, Investments and Pensions
This book is like a little cheatsheet for kids. It provides super easy to understand explanations for how money works and why people need to save.
Kidpreneurs - Matthew and Adam Toren
Through easy-to-understand basic principles and a creative approach, this book outlines some key techniques that will have a powerful and positive impact on your kid's ability to understand entrepreneurship.
Could your kids be the next Elon Musk or Richard Branson?
Books - For parents to read and then teach
The Marshmallow Test - by Walter Mischel
One superpower your young Financial Superheroes should learn is Clairvoyance. The ability to see into the future. This superpower will help them make decisions not just based on what will happen straight away but also consider what could happen in the future.
This book discusses the power of 'delayed gratification'. Teaching your kids to delay gratification can have benefits in many different ways, not just with respect to money but also work and relationships.
Rich Dad Poor Dad - by Robert T Kiyosaki
I strongly recommend that all parents read this book and then teach your kids the key lessons. It will change how you see the world of money.
The Richest Man in Babylon - by George S Clason
This book has so many important lessons about money and wealth. These lessons are told in a series of nice little stories.
The key lesson is to pay yourself first!
Unshakeable - by Tony Robbins
There are a lot of parents that want to make their kid's savings work harder, and know that investing is one option, but don't know much about investing. This book is a great way to learn the basics of investing so you can gain the confidence you need to invest for yourself and your kids.
It helps set out a very simple strategy and some key principles which help even the beginners to invest in way that some of the biggest investors in the world do.