I would like to introduce you to a new book, Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation by Richard A. Morris and Jayne A. Pearl.

About Kids Wealth and Consequences

Inherited wealth can be a blessing or a burden. Money can provide education, comfort, travel, and culture; or it can drain ambition and meaning, cause guilt, or instill a toxic sense of entitlement. The question becomes how to raise children with a sense of reality and balance.

Kids, Wealth, and Consequences shows high-net-worth parents how to provide their children with the monetary and psychological skills needed in today’s complex world and to instill a strong work and philanthropic ethic. At the same time, parents will discover how their own choices and attitudes about money affect their children’s ambition, motivation, and values.

The book covers not only the financial issues but also parents’ intellectual and emotional challenges, as well as how all three relate to and affect each other. In the end the goal is to help high-net-worth children become responsible, well-adjusted stewards of family wealth.

“A much needed addition to the field. The authors explore some of the unintended consequences, often ignored in other books, that wealth may have on children—such as unrealistic expectations, failure to become producers of new wealth, or a lack of skills and confidence needed to become productive and independent.

• Hardcover: 288 pages
• Publisher: Bloomberg Press; 1 edition (February 17, 2010)
• Language: English
• ISBN-10: 1576603482
• ISBN-13: 978-1576603482
• Product Dimensions: 8.5 x 5.6 x 1.1 inches

You can purchase your copy of Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation from Amazon today.

About the Authors

Richard Morris is principal of Resource for Ownership Intelligence (ROI) Consulting, which helps family business owners grow and pass their business to subsequent generations. He is also an adjunct professor at Lake Forest Graduate School of Management. Previously, he spent many years working for the family business, Fel-Pro Inc. Morris has written articles for print media and is often quoted in the press. He received his MBA from Northwestern University.

Jayne Pearl has been a financial journalist for nearly thirty years, focusing on family business financial parenting. She has been quoted extensively in the print and television media. She was a senior editor at Family Business magazine, editor of a syndicated daily business public radio show, and also worked at Forbes. She has written or ghostwritten several books and written hundreds of articles.

Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation is a well researched and well written book.  You can read about how the choices our parents made are affecting our children.  You will get financial advice to help make good financial decisions and goals for your children to help them become financially responsible adults, especially if your children come from a wealthy family.

Whether you are wealthy or not, this is a great book to read, it’ll not only help you as a family but also help your children and their children.

Disclosure: I would like to thank Imran at Meryl L. Moss Media Relations, Inc. for providing a copy of this book for the purpose of this review.  All opinions are my own.

The Giveaway

Imran has graciously offered to give one of Shawn Ann’s World readers their very own copy of Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation!

To Enter:

Valid for Residents of the U.S. and age 18 or older. Please no PO Boxes.

Mandatory Entry:

• Subscribe to Shawn Ann’s World, your subscription must be activated so be sure to check your email and activate it.

Extra Entries:

• Follow me on Twitter.  Leave your ID in your comment.
• Tweet about this Giveaway. You may tweet once a day until the end of the giveaway for extra entries. Leave the link to your tweet in your comment for each entry.
• Become a fan of Shawn Ann’s World on Facebook. Leave your ID in your comment.

This Giveaway will end on Wednesday, March 17, 2010 at 11:59PM EST.

The Winner will be chosen by Random.org. I will post the Winner here on Shawn Ann’s World, as well as, email directly. You will then have 48 hours to claim your Prize.

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