Trade in that sweater or gift card and give Christmas gifts that will help someone become a future Millionaire. Being a Millionaire or a future Millionaire takes learning, savings and knowledge of how to handle your personal finances and build wealth.
I have read 100s of personal finance books that were the foundation of my Net Worth Millionaire Plan. Also, I am already slowly teaching my children about saving and building wealth through the games that are listed below.
I would like to recommend a few potential Christmas gifts that propelled me and my wife to becoming Net Worth Millionaires and preparing our children to handle money well.
8 RECOMMENDED CHRISTMAS GIFTS
The Total Money Makeover by Dave Ramsey changed my financial perspective and I highly recommend this book. Though my Net Worth Millionaire Plan has similarities to his, the differences are important.
The Millionaire Next Door by Thomas Stanley, gave me the hope that I too could become a Millionaire.
David Bach’s, The Automatic Millionaire will help you understand that building wealth occurs when you pay yourself first and make it Automatic.
I read The Money Book for the Young, Fabulous and Broke by Suze Orman, even though I was not broke, to find some strategies to saving money. It worked.
GIFTS FOR CHILDREN
The Moonjar Classic Moneybox will help your children learn to save, share (give) and spend money.
My kids have and play with The Lakeshore Real-Working Cash Register. I believe it helps them understand the relationship between buying and spending money. Believe it or not, they used this cash register when they had their lemonade stand.
My kids love playing with Frozen Monopoly. One person is the banker and the others play. Similar to the Classic Monopoly below where you buy properties and pay rent. My kids quickly learned about making good money decisions because they did not want to be the first person to run out of money (a lesson we could all use).
Every home needs Monopoly. Fun to play while you build wealth (or lose it).
In my article, 10 Ways To Enjoy And Afford Christmas I mentioned that the National Retail Federation, consumers are expected to spend $967.13 this holiday season (Expected 2017 Holiday Spending). However, this year you have the opportunity to make a difference. I recommend the Christmas gifts above to help yourself and your kids understand personal finance and how to build wealth.
Full disclosure, Money Goggle$ will receive a commission if you purchase one of the items above. Making money will allow this website to continue to help people build wealth. Therefore, if you decide to purchase a book or product, please click on the link from this page.
In summary, give a gift that will keep on giving. Do you know that quote “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime?” In fact, the same can be said about money. Teach yourself and your family to save and build wealth over a lifetime.
