Dave Ramsey & Rachel Cruze: 'Smart Money, Smart Kids' - DC News FOX 5 DC WTTG

Dave Ramsey & Rachel Cruze: 'Smart Money, Smart Kids'

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Financial guru Dave Ramsey and his daughter Rachel Cruze talked to Steve and Maria Monday morning about the new book they wrote together: "Smart Money Smart Kids."

It gives advice to parents on how to raise money smart kids in these tough economic times. The pair talked about how the book is unique because both of them share their own experiences from a parent and an adult child's perspective.

Dave and Rachel will be at Barnes & Noble Monday night at Third Street Promenade in Santa Monica signing copies of their New York Times bestseller.

Smart Money Smart Kids provides tips to help parents teach their kids about money.

Parents need to make sure kids understand basic money principles before the leave home

4 most important lessons parents should teach about money

  • Work - kids need to make the work/money connection
  • Save - it's important for kids to realize delayed pleasure by saving up for purchases
  • Spend - kids need to have a little fun with the money they earn
  • Give - giving is the most fun you can have with money. Start this habit early

Parents can find teachable moments in everyday life

Be an example: your kids are watching you.

Fun facts about Dave Ramsey (Source: Wikipedia)

Dave is an American financial author, radio host, television personality, and motivational speaker. His show and writings strongly focus on encouraging people to get out of debt. Ramsey's syndicated radio program, The Dave Ramsey Show, is heard on more than 500 radio stations throughout the United States and Canada, in podcast format, on IHeartRadio, a dedicated iOS application, as well as live audio and video on DaveRamsey.com. He has written numerous books including four New York Times bestsellers. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.

Ramsey's company, The Lampo Group, Inc., headquartered in Brentwood, Tennessee, oversees three divisions geared toward financial counseling.

Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show on CBS. He made big time gains on Dr. Phil. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of The Dave Ramsey Show, which aired at 8 p.m. ET and repeated weekdays on the Fox Business Network until June 2010.

Dave and Rachel will be signing copies of ‘Smart Money, Smart Kids’ tonight at the Barnes & Noble at the Third Street Promenade in Santa Monica...that starts at 7:00p.m. You can also listen to Dave’s radio show from 3:00pm to 5:00pm every day on ‘The Patriot’, 1150AM.

Check out Dave Ramsey's Official Website.

Follow Dave Ramsey on Twitter: @DaveRamsey

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