Launching Financial Grownups Part Two
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 27 March 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Bobbi Rebell joins us this weekend to discuss her latest book, Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart, which explains how to give the young adults in your life the knowledge, confidence, and motivation to make adult money decisions, and create their own strong financial foundation and independence, so we can all live richer lives.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Show, it's Sunday, March 27th. |
| 0:07.8 | And today we are airing the second part of our interview with Bobby Rebell. |
| 0:11.8 | She is a certified financial planner and a financial literacy advocate and journalist. |
| 0:17.8 | She's also a friend of the pod and she's written a new book called Launching Financial |
| 0:22.4 | Grownups. |
| 0:23.4 | Who doesn't want to do that? |
| 0:24.4 | So here is the second part of our interview with Bobby Rebell. |
| 0:28.7 | Now we also get a ton of people who write into us and come on the show and they talk |
| 0:34.4 | about their children and investing. |
| 0:36.8 | And you have an entire chapter of the book devoted to grown up investing. |
| 0:42.5 | Now how can we help these young adults start to manage their own financial lives? |
| 0:52.0 | You want to give them information but you don't want to do it for them. |
| 0:55.2 | So what does that look like when it comes to investing? |
| 0:58.4 | It looks like telling them that they have to be investing but not telling them what they |
| 1:02.2 | need to be investing in. |
| 1:03.5 | It's giving them information as you said. |
| 1:05.8 | But also this is the key thing, not judging because there's a lot of investments today |
| 1:09.9 | that you and I are going to say, oh no, oh no, no, no. |
| 1:13.5 | But what's important at this age and they have time, time is on their side is that with |
| 1:17.6 | at least an appropriate portion of their investments, they do learn what their actual |
| 1:22.2 | risk tolerance is. |
| 1:23.2 | I think the most important lesson you can teach your child is to be sort of the EQ of |
... |
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