“Mommy, are we rich?”

Child and cashMy recent MSN column, “One way money is a lot like sex,” has to do with the questions our kids sometimes ask–and how much discomfort we can feel about answering.

I argue that we need to get comfortable talking about money with our children, because these are incredibly important teaching moments.

Psychotherapist Thayer Willis, who’s quoted in the column, recommended a terrific book for kids that can help these talks: “The Table Were Rich People Sit.” Here’s what Thayer has to say:

“While I would not deny the importance of money when answering the ‘are we rich?’ question, I do recommend taking every opportunity to broaden the subject and get kids thinking about additional kinds of wealth in their lives. This book is a lovely tool for that with younger children (ages 6-9).”

If your family does have substantial material wealth, I’d recommend checking out Thayer’s books, including “Beyond Gold: True Wealth for Inheritors” and “Navigating the Dark Side of Wealth: A Life Guide for Inheritors.” She’s an inheritor herself and has helped many people come to terms with can be a many-edged sword.

Related Posts

  • Do you feel richer yet? We're richer than we were before the recession, according to a new report by the Federal Reserve. The net worth of U.S. households and […]
  • Spreading the wealth: the number of millionaires grows More people have achieved a net worth of at least $1 million, not including their primary residences. The Spectrum Group, which keeps […]
  • Why millennials aren’t saving Savings rates for adults under 35 plunged from 5 percent in 2009 to a negative 2 percent, according to Moody's Analytics, and the […]
  • 3 new, must-read money books Three recently-published books are well worth your time and money, thanks to talented authors who offer new takes on some familiar […]


  1. At my house, the question was “Mommy, are we poor?”