Episode 53 - Why Your Kids’ Money-Sense Is Your Wisest Investment
What’s your wisest investment? Most people think of their emergency fund, retirement account, or real estate. But Robin Taub is here to teach us about the importance of raising money-smart kids! Why’s that? For starters: if and when adult children get in a bind, their money problems often become their parents’ money problems. Heading this off with a solid financial education starts when they are very young. Starting as young as age five, you can discuss simple math, delayed gratification, and the concept of trading money for things you want and need. Listen in as Robin Taub tells us how! A Chartered Professional Accountant by training, Robin Taub began her career at KPMG, transitioned into real estate, and then landed in the complex world of derivatives marketing at Citibank Canada. Today, she’s a professional speaker and author of The Wisest Investment, an update of the bestselling A Parent’s Guide to Raising Money-Smart Kids. A few highlights: - Parents have a duty and responsibility to raise financially educated, money-smart kids. If not, the kids and the parents wind up paying the price. And it’s an expensive lesson for all involved. [2:37] - How to share age-appropriate money lessons with children under the five pillars: Earn, Save, Spend, Share, and Invest [8:47] - When we can slow down and connect with children over such a commonly-used, impactful tool like money, and look for opportunities to build money lessons into day-to-day life, we create a life-long bond over it. [24:11] Read all the show notes, get Robin’s links, and find out more at https://ahkcoaching.com/podcast. ------------- How healthy is your relationship with money & your honey? Find out HERE! And for more money & relationships resources, visit: https://CouplesFinancialCoach.com