Summary of The Opposite of Spoiled

The Opposite of Spoiled is a guide for parents written by New York Times financial columnist Ron Lieber. This book provides practical advice to help parents develop healthy financial habits in their children. The goal is to build both financial and ethical literacy into their children’s lives. Lieber says that parents need to use income as an opportunity to teach values: honesty, responsibility, delayed gratification, moderation, empathy, and generosity. Lieber also provides tips on how to discuss money, teaches families how to budget and save, how to make conversations about money more comfortable, and how to use technology to help manage money. By applying these lessons, parents can raise children with both financial and ethical literacy, and can equip them to face the world with both prosperity and character.