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12 min 47 sec
Available in:English

The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money

Shows parents how honest conversations about money, an early allowance, deliberate waiting, a first job and family giving can turn money into a tool for raising patient, thrifty and generous children.

Table of Content

Many parents stay quiet about money because they fear that talking about it will make their children greedy. In The Opposite of Spoiled, New York Times money columnist Ron Lieber argues the reverse: the silence is the problem. Children who never hear honest talk about money tend to get whatever they ask for, and that is what spoils them.

Lieber’s case is that money, handled openly, is one of the best teaching tools a parent has. An allowance, a wait for the gadget everyone else already owns, a first job and a bag packed for a stranger can each build thrift, patience and generosity, the very qualities of a child who is not spoiled.

What follows is a set of household practices you can start using at once: what to say when a child asks what you earn, when to begin an allowance and why it should never pay for chores, how much stuff is enough, and how a child’s question about homeless people can become a family habit of giving.

Most parents assume money talk breeds greedy kids, so they avoid it. Lieber’s definition of spoiled points somewhere else entirely, and it suggests that the subject parents fear most could be the cure.

A child asks how much you earn, and every instinct says change the subject. Lieber suggests a reply that reveals what the child really wants to know, and the real reason is often surprising.

Candy, passing fads and plastic toys that break within days: most children will waste their first dollars. Lieber thinks that waste is worth more than any lecture, provided parents follow one firm condition.

Buying what every other child has feels like protection against being left out. Lieber argues it teaches something parents never intended, and he offers a simple rule for deciding how much is enough.

Laws rightly ended the brutal child labor of the past. Lieber believes many families have since gone too far in the other direction, and their children are missing lessons no classroom provides.

Two children kept asking their mother why homeless people existed and why the family gave them nothing. Her answer became a family project, and it shows how to teach generosity without handing over cash.

What ties Lieber’s advice together is a reversal. Parents who keep quiet about money to protect their children from greed end up encouraging it, because silence leaves buying as the only lesson. Parents who talk openly, and who put real money and real decisions in their children’s hands, raise kids who are patient, careful and generous. A financial education, as Lieber sees it, shapes far more than a future bank balance. It shapes the kind of person a child becomes.

The practices are small enough to begin this week. When a child asks what you earn, ask why before you answer, then answer truthfully. Start a modest allowance once they can count, keep it separate from chores, and let them waste some of it. When the newest gadget sweeps through school, aim for your child to be about seventh in line. Lieber adds one more lever: limit how much television children watch, since advertising is where much of their wanting begins, and fewer ads mean fewer demands.

A child who has saved, waited, earned and given has learned what money can do, and what it never will.

About this book

What is this book about?

Many parents worry that their children have too much and value too little, yet they avoid talking about money at home because the subject feels awkward. Ron Lieber, a personal finance columnist, argues that this silence causes the problem it is meant to prevent. When money goes undiscussed, buying fills the gap, and children learn to define themselves by what they own. Lieber's angle is that money, handled openly, is one of the best teaching tools a family has. He shows that most of what makes a child spoiled has little to do with money and much to do with missing responsibility and limits. Real money and real choices can supply those limits, building thrift, patience, curiosity and generosity. Readers get concrete household practices: how to respond when a child asks what you earn, when to start an allowance and why it should stay separate from chores, how the Dewey rule keeps children at the 30th percentile of possessions, why safe work builds independence, and how one California mother turned her children's questions about homeless people into a family habit of giving.

Book Information

Rating:

Genre:

Money & Personal Finance, Parenting & Families

Topics:

Parenting, Personal Finance, Values

Publisher:

HarperCollins

Language:

English

Narrator:

Robert

First published:

February 1, 2015

Pages:

272

Length:

12 min 47 sec

Get the book:

Amazon

Who it's for

  • Parents dreading money questions

    Parents who dread questions like how much do you earn and want honest, useful answers.

  • Families deciding on allowances

    Families deciding when to start an allowance, how much stuff is enough, or whether a teenager should work.

  • Caregivers wanting generous children

    Caregivers who want children to grow up generous and aware of their own privilege.

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About the Author

Ron Lieber

Ron Lieber, born in 1971, is an American journalist who has written the Your Money column for The New York Times. His work on that column has earned him three Gerald Loeb awards. Earlier in his career he wrote the Green Thumb column for the Wall Street Journal. Besides The Opposite of Spoiled, he is the author of The Price You Pay for College.

Ratings & Reviews

Ratings at a glance

4.4

Overall score based on 97 ratings.

What people think

Listeners find the book highly accessible and value its concrete strategies and illustrations for educating children about financial topics. Additionally, the work is thoroughly researched and offers superior guidance for families, with one listener mentioning its particular utility for parents from all socio-economic backgrounds. Listeners also prize the author's methodology for handling finances, as one review specifically points out the focus on the non-cash elements of money management.

Top reviews

Sin

Ever wonder how to explain your salary to a curious seven-year-old without making things awkward? This book offers a fantastic roadmap for navigating those high-stakes conversations about money that every parent eventually faces. Lieber advocates for total transparency, suggesting we show kids the actual bills to demystify where the cash goes. I specifically loved the 'save, spend, and give' jar system because it makes the abstract concept of budgeting tangible for little hands. While some examples feel a bit out of reach for the average family, the core strategies are solid. It’s less about the math and more about instilling character through financial literacy. We’ve already seen a shift in how our kids view their weekly allowance since implementing these tips. Definitely a must-read for anyone looking to raise grounded children in a consumer-driven world.

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Nang

Finally got around to reading this, and the timing couldn't have been better as my daughter just started asking about our 'net worth.' The advice to respond to a child's question with 'why do you ask?' is a game-changer because it helps you understand their underlying anxiety. Lieber covers everything from the tooth fairy to the cost of college, making the case that money is a tool for teaching patience. The book is well-researched and includes a great bibliography for those of us who want to dig into the actual studies. It’s rare to find a parenting book that is both practical and philosophically challenging. I feel much more equipped to raise a child who understands the value of a dollar without being obsessed with it. This is practical parenting at its finest.

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Pop

Few things feel as daunting as trying to raise a kind, hardworking kid in a world of instant gratification and social media. This book provided a much-needed framework for our family, especially the sections on instilling gratitude through daily rituals. We’ve started having our kids research charities they want to support using their 'give' jars, and it’s been incredibly rewarding to see their empathy grow. Lieber writes with a lot of heart and a clear desire to help parents navigate the tricky intersection of money and values. Even the stories that felt a bit 'upper class' gave us something to discuss and adapt to our own situation. This is easily one of the most useful parenting books on my shelf. I highly recommend it to any parent feeling lost on this topic.

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Thanakorn

To be fair, I wasn't sure if a book about money would hold my interest, but I was pleasantly surprised by how engaging this was. The research into delayed gratification and the 'marshmallow test' connections were fascinating and well-integrated into the advice. It isn't just a 'how-to' manual; it's a look at how our culture's silence around money actually hurts our children’s development. One of the strongest points is how the strategies can be adapted by parents of all socio-economic backgrounds, focusing on character rather than just net worth. I appreciated the specific scripts provided for answering tough questions, like what to do if a child asks if you are rich. It’s a comprehensive look at the subject that treats parents like intelligent adults. A truly excellent resource for families.

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Thida

Lieber takes a Malcolm Gladwell-style approach here, weaving together various stories to illustrate his points on raising grounded children. The writing is incredibly conversational and easy to digest, which is perfect for busy parents who only have ten minutes to read before bed. I appreciated the emphasis on 'grit' and the suggestion that teenagers should get jobs where their boss isn't their mom. It’s a well-researched piece, though some might find the heavy reliance on anecdotes a bit distracting from the actual data. The section on muting commercials to teach kids about marketing manipulation was a total lightbulb moment for our household. It’s a practical guide that focuses on values rather than just bank balances. While a few stories felt like 'padding' for a long magazine article, the actionable strategies are worth the time.

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Anchalee

Picked this up to help my kids develop a better sense of gratitude, and I found several of the non-cash strategies quite enlightening. The author argues that being 'spoiled' is less about what you have and more about how you handle it, which is an important distinction. I liked the focus on 'grit' and the idea of giving kids fiscal responsibility early so they can make low-stakes mistakes now. It’s a well-written piece of journalism that manages to make a dry subject like personal finance feel deeply personal. However, I did find myself rolling my eyes at a few of the more extreme examples of wealthy philanthropy. Despite that, the actionable tips on allowance and charitable giving are excellent. It makes you think differently about your family's financial legacy.

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Zoe

After hearing Ron Lieber on a podcast, I expected a more rigorous, data-driven deep dive into developmental psychology and finance. Instead, the book is a collection of personal stories that vary wildly in terms of how applicable they are to the middle class. While the 'why do you ask?' strategy for answering kid's money questions is pure gold, other chapters feel like unnecessary filler. I struggled with the disconnect between the author’s definition of middle class and the actual statistics of the US economy. It’s a decent read for general ideas, but you’ll have to do some work to filter out the fluff. If you want a quick summary of modern parenting trends regarding money, this is it. Just don't expect a scientific revolution on every page.

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Sebastian

The truth is that this could have been a very effective long-form essay rather than a full-length book. There are several 'nuggets of practicality' sprinkled throughout, like the fun-per-dollar ratio, but the narrative often wanders into repetitive territory. I found the writing style a bit too simple, almost like a series of blog posts stitched together without a strong overarching thesis. While I agree that talking about money shouldn't be taboo, the book doesn't offer much for families struggling with actual scarcity. It targets a very specific demographic that has enough discretionary income to worry about 'spoiling' their children. It's an okay read, but I wouldn't call it essential. If you've read Lieber's columns, you might not find anything new here.

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Pakpoom

Wow, I really wanted to like this, but the blatant privilege throughout the narrative was impossible to ignore. Lieber tells a story about a family selling a two-million-dollar home to 'downsize' to a one-million-dollar home as if that’s a relatable lesson in sacrifice. It felt tone-deaf to the reality of most Americans living paycheck to paycheck who can't just 'choose' to give away a windfall from a house sale. The advice on decoupling chores from allowance is interesting, but it gets buried under layers of anecdotes about elite families. For a book that claims to be for everyone, it spends an awful lot of time in a very specific, wealthy bubble. Frankly, it felt more like a guide to 'Rich People Problems' than a universal parenting book. The writing is simple enough, but the message is distorted by the author's lens.

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Aey

Look, I occasionally enjoy Lieber’s NYT column, but this book felt like he was way out of his element when discussing social issues. He recounts a story about a wealthy family bringing blueberries to a soccer game with poor families as if it’s a profound bridge-building moment. It’s patronizing and reveals a significant blind spot regarding the actual dynamics of poverty and privilege in this country. The advice assumes a level of financial security that many readers simply don't possess, making the 'practical' tips feel like a luxury. While the intent to raise generous children is noble, the execution is hampered by a distorted lens. It’s hard to take the financial advice seriously when the social context feels so superficial and disconnected. It was a major disappointment for me.

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Questions about this book

Ron Lieber argues that children become spoiled because parents avoid talking about money, so buying fills the silence. He defines spoiled children by four traits: few chores, few rules, too much parental attention and many possessions. Only the last involves money. Honest money conversations and hands-on practice, he says, build thrift, patience, curiosity and generosity, the opposite of spoiled.

Lieber says a child is ready for an allowance as soon as they can count, starting with a small sum such as $1 a week. The allowance should never depend on chores, which are done because a family needs them. Children should be free to spend it, even wastefully, and the amount should rise gradually as they learn.

The Dewey rule suggests keeping a child at about the 30th percentile of possessions among their peers. If ten friends get a new gadget, your child would be roughly the seventh to get one. They still get some of what they want, but only after waiting, which teaches patience and makes them think harder about what they ask for.

Lieber recommends first asking the child why they want to know. A question about being poor may reflect a fear of moving, while a question about being rich may come from wanting to help a friend. Once you understand the reason, answer honestly without lying or sugarcoating, and involve the child further by showing bills and having them guess prices.

Lieber points to Olivia Higgins, a California mother whose children asked about homeless people. Instead of handing out cash, the family planned giving bags of supplies together and delivered them as a family. He also recommends telling children honestly how much the family has and having them volunteer locally, such as at a soup kitchen or homeless shelter.

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The Opposite of Spoiled

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