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“There’s this concern that too much money talk with lead to money-grubbing children or kids who want too much or focus too much on it,” says Ron Lieber, New York Times money columnist and author of The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money. After hearing from many parents that the worst word that anyone could call their children is “spoiled,” Lieber realized that it is precisely by teaching kids about money that parents can raise children who are not.

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