Miami, FL, November 18, 2010 --(PR.com
)-- With only 28 percent of parents revealing that they have taught financial skills to their children according to a USA Today survey, Elaine King has recently authored Family & Money Matters: Life Lessons for the New Generation (Kaabrah Publishing, September 2010) to teach high school and college students, as well as young adults and families, the importance of understanding basic money management principles and financial life skills. Recently featured in the November 10th Wall Street Journal personal finance magazine, Family & Money Matters will be present at the 27th Miami Book Fair International, the nation’s finest and largest literary gathering, on Friday, November 19, Saturday, November 20, and Sunday, November 21, from 9:00 am until 7:00 pm.
Elaine King, a Certified Financial Planner® professional and Certified Divorce Financial AnalystTM, has spoken to thousands of families and young adults about money in the last 15 years. Says King, “When I go to high schools and talk about budgeting, saving, and investing I find that a large percentage of the audience is financially uninformed. Unfortunately, most schools don’t have the budget to teach money management skills.”
Parents typically don’t teach money management to their children because they don’t have the knowledge themselves or they want their kids to have everything they never did. “Many parents believe that their primary job is to make their children happy. But the best thing they can do to make them happy, motivated, passionate, purpose-driven adults is to teach them accountability and give them the tools to be successful,” says King.
Family dynamics are also significant in how a person deals with money. Exploring your family’s values about money is the key to understanding where your personal drive and attitudes about money originate. Says King, “Personal drive and family hugely influence whether you go to college, what kind of job or profession you’ll have, how well you’ll do at work, how you’ll handle your finances, and how much money you’ll make over your lifetime.”
No one is born financially competent; we must learn it. This is one of the main reasons King wrote Family & Money Matters, which explains in very plain and simple terms how to save, invest, protect, and share your money. “We need to invest in the next generation’s future by teaching them to be financially literate,” says King.
For more information about Elaine King and Family & Money Matters, go to http://www.elainekingcfp.com.
Family & Money Matters
Family & Money Matters: life lessons for the new generation was written for teens and young adults. The goals of the book are to:
Teach readers how their family’s attitudes about money influence their own behavior.
Teach the basics of money management, including planning, savings, investing, sharing and protecting money.
The book is filled with examples, stories, lessons, and exercises to illustrate and reinforce various concepts. It’s a fun and useful tool that relates to its audience.
Elaine is planning to publish a Spanish version of the book at the end of 2010.
Anne Marie Smith