Smart Advice with Carissa Lucreziano
Business:Investing
Money lessons: How to help your kids get ahead with Robin Taub
Do you remember when and how you learned about money? From budgeting and saving to applying for credit cards or taking out a loan, building an early foundation of financial literacy is a key strategy to ensuring long-term financial success. That makes it all the more important for parents to grant their children a measure of money-savviness and financial know-how as soon as they can.
In a world where financial literacy is more vital than ever before, this episode of Smart Advice goes deep into teaching kids about money at any age and stage with the help of Robin Taub, author of The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life.
Whether you’re a parent eager to guide your children toward financial independence or an educator looking for insights on financial literacy, this discussion offers invaluable strategies to help shape financially responsible and confident young adults.
Here are three reasons you should listen to this episode:[06:53] Robin: “So depending on the age that your child is, you're going to find these different types of teachable moments, but they are all going to come under what I call the five pillars of money, and those are earn, save, spend, share and invest.”
[08:48] Robin: “It’s hard if you don't feel like you're particularly good with money yourself to feel like you can teach your children, but I try to encourage parents to learn along with their kids.”
[12:51] Robin: “Kids need to learn this stuff wherever they can. I mean, who you know? Going back to the original — if you're not teaching your kids about money, who is?”
[19:12] Robin: “Sometimes the things that we take for granted that we know at this point, kids don't know.”
[21:14] Robin: “You need to let your kids — you want to teach them, but you also need to let them make mistakes and learn from them.”
[24:26] Robin’s Top Three Strategies for Teaching Financial LiteracyRobin Taub is a Chartered Professional Accountant (CPA) and a passionate advocate for financial literacy. With a background in finance and a deep understanding of the challenges parents face in teaching their children about money, she has dedicated her career to making financial education accessible and engaging for families.
Robin is the author of The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life, a highly regarded guide that empowers parents to raise financially savvy children. Drawing from her experiences as both a financial professional and a mother, Robin’s work emphasizes the importance of starting financial education early and the role of parents as financial role models, making her a leading voice in the field of family financial education.
Connect with Robin Taub on LinkedIn, or visit her website.
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