Smart Money Smart Kids Book Review


by Mark Entzminger/ September 13, 2018

If you’ve spent much time with me over the past two years you’ve likely heard something related to the 3Ms (Model, Mentor, Message) and the 8 Goals for Kids. Needless to say, when I started going through Smart Money Smart Kids, I was thrilled to see how Model and Mentor were obvious anchors to what Dave Ramsey and his daughter Rachel Cruz were trying to convey in their book.

Although they did not emphasize those words directly related to parenting, the concepts of Model and Mentor were clearly evident. That is one of the things I love about their approach. To “fix” your kids you must first start with evaluating what the other adult influences in their life are modeling.

I would have to say Smart Money Smart Kids is the best resource on what might be the most commonly overlooked essential topic every parent must understand—navigating their financial future.

More stress, marital struggles, and life fulfillment are shaped because of the financial decisions of the individual or those in their home. This is a MUST READ for every parent; and the younger your kids are—the better.

Recently we took a family road trip with our 12- and 16-year-old sons. I had gone through the audiobook version and wanted my wife and boys to also grasp the concepts. I knew I would miss things if I tried to share all of the principles with them, so we listened to the book on our drive.

Needless to say, they were not very thrilled with the idea. However, they didn’t really care for CS Lewis’ The Lion The Witch and the Wardrobe either. Sometimes good parenting means uncomfortable moments for your kids. So we pressed on.

After each chapter we paused and discussed the topic. Though the book was written to parents, we had great discussion regarding work, spending, saving, giving, debt, gratitude, and paying for college.

The next day our 16 year old asked if we could sit down to work on his monthly budget. That was a huge win! It is our goal to raise kids who have a good work ethic, manage their money well, avoid debt like the plague, have a plan for their life, including how they will pay for college, and pass all they have learned along to our grandchildren one day.

I do recommend this book to parents and children’s leaders. But it’s not for those who are not willing to make tough decisions regarding their own financial journey which involves placing their spending, saving, and giving under a personal microscope.

You can pick up your copy of the book and even check out the online class here.