Ep #87 - The wisest investment: raising money-smart kids, with Robin Taub, CPA
Description
Today's interview features best selling author, Robin Taub. Robin's book is The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life
Robin is CPA by training & started her career at KPMG, pivoted into real estate, & then entered the complex world of derivatives marketing at Citibank Canada. Today, she’s a keynote speaker & award-winning author.
Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart young adults. She loves to snowboard, cycle &go to concerts (she even got backstage once and met Bruce Springsteen).
This episode is full of tips & stories relevant to parents with children of all ages.
Discussion Points:
- Robin's background (3:23 )
- how to answer early questions about money (8:10 )
- are cash and piggy banks still a good idea? (11:22 )
- how parents can teach their kids - anchoring on values (15:40 )
- the marshmallow test, delayed gratification, & SMART goals (19:45 )
- allowance systems (24:15 )
- when to open a bank account for kids (27:35 )
- teachable moments (28:35 )
- budgeting - a good idea? (32:30 )
- what can kids learn from getting a job? (37:25 )
- social media & comparison/consumption/birthday parties (42:25 )
- how to talk to kids about compound interest (51:10 )
Robin Taub:
https://www.thewisestinvestment.com/
https://awordfromthewise.substack.com/
https://www.linkedin.com/in/robintaub/
Yatin:
- CMPA voting link: https://www.cmpa-acpm.ca/en/about/governance/council-elections
- Email: beyondmdpodcast@gmail.com
- LinkedIn: Yatin Chadha
United States
