I have always been the “spender” in our marriage and in charge of our personal finances. My husband started his own business three years ago which we considered our retirement. We hadn’t banked on 9/11 happening a month after he started business in his technology company. While we do not carry any credit card debt and downsized our home, we still live month to month with no savings or retirement (he cashed it out to start the business). Now, after reading The Automatic Millionaire, I am shocked to see how hopeless our current plan is and how little my parents taught me about money. You have given us the tools to teach our own children, ages 6 & 7, to understand the value of money and how to make it work for them so they can achieve their dreams!!!
I have already started to explain why Mommy isn’t stopping at McDonald’s or buying this and that. My daughter asked what the bank does with her money (both children already have a savings acct.) and was surprised that they make money from her money. She wants to make money on it too!! She loves the idea of compounded interest and she’s only starting second grade!!!! I am really sad that I am turning 38 in two months and have lost so much time but thankful that I happened to pick up your book now and can change the spending and saving patterns we had, plus I can stop feeling guilty about my poor discipline with our savings!!!!!!!
I intend to buy everyone in our extended family your books for Christmas this year, so that they can use the wisdom you’ve taught to teach their own children, impacting generations of futures!