A common question in our community is how to help the second generation of FI. This book has the answers.
That's the question Doug Nordman and his spouse heard at so many personal-finance meetups and conferences. They finally asked their daughter, Carol Pittner: “What do you remember about us teaching you to manage your money?”
They'll make lots of mistakes. When you start teaching them at a young age, though, their mistakes are a lot smaller (and cheaper) than years later when they're in the workforce. Raising Your Money-Savvy Family For Next-Generation Financial Independence will help you learn to validate their feelings about money, talk through their mistakes, and think of better ways to manage their money the next time. Later you'll help them find their own motivations to earn, save, and invest.
This is not just another parenting manual or child-development textbook. Doug Nordman and Carol Pittner share their stories in a back-and-forth narrative that helps you see how your kids might perceive your parenting. They show you what worked for them (and what didn't) and they'll give you actionable ideas to try with your family.
Doug Nordman served for 20 years of active duty in the U.S. Navy’s submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in the late 1990s on a high savings rate. They’ve lived in Hawaii for over 30 years, and their daughter Carol was born & raised on Oahu. These days Doug enjoys surfing, slow travel, writing, public speaking, reading, home improvement, personal-finance conferences, and more surfing.
He’s the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. He donates all of his writing and speaking revenue to military-friendly charities.
Carol Pittner joined the Navy on a ROTC scholarship. She’s been stationed around the world on a destroyer and an aircraft carrier before moving to the Reserves. She and her active-duty spouse are rapidly approaching financial independence on a high savings rate, and they’ve just started their own family! Military personal finance is an important family topic… almost as important as surfing.