First Habits Win is the story of how a father learned from his own mistakes and created a system to educate his daughters to manage income, savings, expenses, charitable giving, and debt. The book goes well beyond textbook education as the author explains a very practical and hands-on training system for children, giving them real money to plan and pay for expenses, save, and give to charities of their choice.
Author Mike Miller details his own mistakes and how he built the system to specifically teach his daughters the lessons he, and so many of us, had to learn the hard way. He also shares stories of situations their family faced and how they dealt with each of them.
Finally, the author reflects on what he would change if he was starting this system with his children today. Parents can use Mike's simple descriptions to identify their child's "Money Personality" and tailor the system to the needs of those specific personality traits. In addition to basic financial principles, readers can identify their own "Money Mindset" and understanding how beliefs about money can influence their children's financial wellbeing for the rest of their lives.
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