Podcast appearances and mentions of robin taub

Today's interview features best selling author, Robin Taub. Robin's book is The Wisest Investment - A Parent's Guide to Raising Money-Smart Kids.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://robintaub.com/https://www.thewisestinvestment.com/https://awordfromthewise.substack.com/https://www.linkedin.com/in/robintaub/Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin Chadha

Have you ever wondered how to raise kids who are not just financially responsible, but truly money-smart for life? In this episode of Parenting Ed-Ventures, Lara sits down with Robin Taub, a Chartered Professional Accountant, keynote speaker, and best-selling author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent, and Money-Smart for Life.Robin's expertise spans decades, from working in audit and taxation at Canada's top accounting firms to navigating the complex world of derivatives marketing at Citibank Canada. As a parent herself, she understands firsthand the challenges of teaching financial literacy in a way that is engaging and age-appropriate.In this conversation, Robin breaks down the Five Pillars of Money—Earn, Save, Spend, Share, and Invest—providing parents with practical strategies to make money conversations a natural part of everyday life. She shares insights on how to use teachable moments, avoid common financial pitfalls, and adapt lessons as kids grow. We also explore the importance of modeling good financial habits, empowering kids to develop a healthy relationship with money from a young age.If you've ever felt unsure about how to start financial conversations with your children, this episode is packed with actionable tips, expert advice, and real-world examples to help you set your kids up for a lifetime of financial confidence.-----Find more of Robin's work:https://robintaub.com/Follow Robin on Instagram:@robin.taub-----Follow Parenting Ed-Ventures on Instagram:@parentingedventurespodLearn more about Tutor Teach:https://tutorteach.ca/-----Intro Music:Good Times by Patrick PatrikiosSting Music:Timelapse by Purple Planet Music

What's your biggest money mistake? For some, it's drowning in credit card debt. For others, it may be waiting until later in life to start investing. It's Financial Literacy Month, and we've got you covered in with rock solid tips for Real Talkers of all ages.  2:00 | Bestselling author Robin Taub and JA Northern Alberta CEO Cheryll Watson share their best financial advice for kids, teens, and adults.  ROBIN'S BOOK: https://robintaub.com/ ROBIN'S SUBSTACK: https://awordfromthewise.substack.com/ JUNIOR ACHIEVEMENT: https://janorthalberta.org/ BITCOIN v. S&P500: https://rtrj.info/2024BitcoinReview 58:55 | Ryan tells us how he fared in traffic court.  1:06:15 | Did you catch Ryan's Canadaland debut this week? Real Talker Erick lets us know what he thought of it.  CHECK IT OUT: https://www.canadaland.com/podcast/1060-danielle-smiths-all-you-can-eat-alberta-style-freedom/ 1:07:30 | Rob in Leduc is sick of oil spills. JC in Edmonton predicts "carnage" next provincial election prompted by insurance reforms. Brandt thinks it's time for a certain Liberal cabinet minister to resign. And Brinley's all fired up over the under-achieving Edmonton Oilers. It's The Flamethrower presented by the DQs of Northwest Edmonton and Sherwood Park!  FIRE UP YOUR FLAMETHROWER: talk@ryanjespersen.com  When you visit the DQs in Palisades, Namao, Newcastle, Westmount, and Baseline Road, tell 'em Real Talk sent you!  FOLLOW US ON TIKTOK, TWITTER, & INSTAGRAM: @realtalkrj JOIN US ON FACEBOOK & LINKEDIN: @ryanjespersen  REAL TALK MERCH: https://ryanjespersen.com/merch RECEIVE EXCLUSIVE PERKS - BECOME A REAL TALK PATRON:  https://www.patreon.com/c/ryanjespersen THANK YOU FOR SUPPORTING OUR SPONSORS! https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

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:Discover practical tips for teaching financial literacy to children at any age.Learn about Robin Taub's five pillars of money managementGain insights on how to be a financial role model for the next generation.ResourcesTeach your kids about money using articles and resources from CIBC's Ambitions ToolkitPick up a copy of The Wisest Investment!Episode Highlights[01:49] Robin Taub's Background and MotivationRobin Taub, a CPA and mom, shares her journey from number-cruncher to financial educator.Her book was born out of a passion for helping parents feel confident in teaching their kids about money.Robin noticed that many parents feel out of their depth when it comes to money talks with their kids.She crafted the book as a go-to guide for raising financially savvy and responsible kids.[03:29] When and How to Start Teaching Kids About MoneyRobin suggests kicking off money lessons as early as five, turning everyday errands into learning adventures.Simple activities like grocery shopping can become fun ways to introduce basic money concepts.Starting early gives kids a head start on building smart money habits that will last a lifetime.[06:38] The Five Pillars of Money Management and Parents as Role ModelsRobin breaks down money management into five key pillars.[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.”These pillars grow with your child, adapting as they move from piggy banks to real-world finances.Parents are encouraged to level up their own financial knowledge to lead by example and teach with confidence.[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.”Being a role model isn't just important—it's the secret sauce to raising money-smart kids.[11:58] Financial Literacy in Schools and Guidance for Young AdultsOntario high schools are stepping up with a new financial literacy test, and Robin is all for it.[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?”While schools are laying the groundwork, parents play a crucial role in reinforcing these lessons at home.As kids grow into young adults, they'll need guidance on navigating credit, saving for college, and dipping their toes into investing.[18:22] Financial Literacy: A Two-Way StreetWe have to remember too that children don't have our level of financial education.[19:12] Robin: “Sometimes the things that we take for granted that we know at this point, kids don't know.”However, financial education isn't just top-down; parents can pick up new tricks from their tech-savvy kids.Some kids today are clued into the latest financial tools and trends, and parents can learn a thing or two from them.Making financial mistakes isn't the end of the world—it's a priceless learning opportunity, especially with parental support.Guiding your kids through financial missteps helps them bounce back stronger and smarter.[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 LiteracyLead by example. Your children will see you as a role model when it comes to money. This includes where you excel and where you make mistakes.Be on the lookout for teachable moments in day-to-day life. There will be something appropriate for a child of almost any age — even as young as five!Impart and build values when you give your child a financial education. Discovering what's important to you and them can help shape their future decisions.About RobinRobin 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.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The earlier a child learns financial literacy, the better their chances of becoming money-savvy and successful as adults.Have any questions? You can connect with me on LinkedIn or through CIBC's Facebook, Twitter, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Robin Taub, teaching your kids to be responsible with money Warren Clark, U of M, upcoming panel discussion on creating safe spaces for young black men Carolyn Klassen, Conexus Counselling

In today's episode, we are joined by personal finance expert and author Robin Taub, who sheds light on how Canadian youth are navigating the current investing landscape.  She explores the importance of teaching young people about budgeting, finances, and investing from an early age, and how key barriers, such as a lack of financial literacy might be affecting them. Robin also dives into the impacts of inflation and how its affecting young Canadians. She also highlights the 5 pillars of money and what these mean for young investors, and later discusses how managing day-to-day expenses, especially rent, is a significant struggle for this group. Robin touches on the differences between how men and women save, how families are helping their children financially, and the broader benefits of financial literacy for Canadians.     Recorded on June 19th, 2024.   At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics' Advisor Digital Experience Study.  

Robin Taub, CPA &CA, keynote speaker and bestselling author joins host Chris Cooksey to discuss what's going on in equity markets, including: Importance of financial literacy Lack of financial planning education for kids/youth How to start helping your kids/grandchildren Important things teenagers/young adults can do Follow the podcast on LinkedIn: The Advantaged Investor  Please subscribe, rate and review. Reach out at advantagedinvestorpod@raymondjames.ca.  

As parents, we all want to set our kids up for financial success. But how do you teach them about money in a way that sticks? In our latest episode, Marcelo speaks with Robin Taub, CPA and author of "The Wisest Investment," to get her expert advice on instilling money smarts from an early age.Robin Taub is the bestselling author of The Wisest Investment. The Canadian edition of this book was awarded the Best Adult Book of 2022 by the Institute for Financial Literacy. Join us as we discuss the practical tips and exercises Robin outlines in her book, explore her personal experiences, and understand why financial literacy is essential for children, adolescents and young adults. This episode is packed with insights for parents, grandparents, and mentors who are keen on making a lasting impact on their children's financial future.Thank you for tuning in!​Key Topics:The Wisest Investment: Robin Taub's book and its impact (1:04)Financial struggles of parents and the importance of teaching kids about money (5:25)Marcelo's personal experience and how his financial journey shaped his views (15:00)The role of values in financial education and how to instill them in children (25:30)Using teachable moments to impart financial lessons to kids (27:21)Robin's background and journey into financial education (30:32)Different approaches to allowances and tying them to chores (36:44)How budgeting can be made fun and engaging for kids (40:06)The importance of gratitude and giving in financial education (44:17)Introducing kids to investing and the stock market (49:49)Using board games to teach kids about money (48:33)The impact of technology and mobile banking on financial education (54:53)The significance of letting children make financial mistakes and learn from them (1:05:00)The importance of financial literacy (1:10:45)And so much more!Mentioned in this Episode:The Wisest Investment by Robin TaubGet Smarter About MoneyAtomic Habits by James ClearECHOageThe Good Life by Robert Waldinger11 rings: The Soul of Success by Phil JacksonMan's Search for Meaning by Viktor E. FranklPodcast: Teaching Kids about Money with Guest Will RaineyTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple,...

Today, I'm sharing my conversation with Robin Taub, a CPA, financial consultant, Keynote speaker and Award-winning Author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. How to talk to our kids about money is a topic that I get a lot of questions about and I'm so glad to have such an incredible expert on the show to talk about this. Robin provides her own perspectives on what advice she would give to parents about teaching kids about money and personal finance, at any age.    Find more from Robin and get her book:  https://robintaub.com/ https://www.thewisestinvestment.com/     Join my Mindful Money Mamas Facebook Group to hear more from me and other women who are working towards creating a healthier relationship with money.    SUBSCRIBE AND REVIEW

Personal finance expert and award-winning author Robin Taub joins us on the program today. As financial literacy month continues in November, Robin highlights a variety of topics including dealing with debt, adjusting spending habits and financial technology. She says our society has gone almost cashless due to fintech and AI changing our spending habits and how we view money and saving and spending. That along with economic changes of high interest rates and increased debt has changed our environment. An environment favorable for savers, and challenging for spenders. Robin highlights the five pillars of financial health: earn, save, spend, share, invest. Educating our younger and older generations about financial wellness can be beneficial. She suggests initiating conversations with older clients about adopting fintech, perhaps involving the younger generations in explaining tech solutions and adapting to fintech advancements and staying vigilant against scams. Recorded November 9, 2023. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics' Advisor Digital Experience Study.

Nov 18th-Foundational Financial Advice For Children & Parents with Author Robin Taub by VOCM

November is Financial Literacy month in Canada, so as part of Ginsler Wealth's ongoing efforts to promote financial literacy, Brian speaks with Robin Taub, CPA, CA, the author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. Brian and Robin discuss her path to writing the book on financial literacy, the 5 Pillars of Money, her 11 Healthy Habits of Financial Management, and how parents can overcome the challenges of teaching their children about money. Robin is a Chartered Professional Accountant (CPA, CA), keynote speaker, and bestselling author recognized for her expertise in personal finance and financial literacy. Her award-winning book, The Wisest Investment, has received accolades, including praise from David Chilton, the star of Dragons' Den and author of The Wealthy Barber. With a unique ability to simplify complex money topics, Robin acts as the "Google Translate" for personal finance, making it accessible to all. Her background includes roles in audit, taxation, and derivatives marketing at leading Canadian firms. She is also a passionate advocate for advancing women CPAs into leadership roles. Robin holds a Bachelor of Commerce degree with High Distinction from the Rotman School of Management at the University of Toronto and is a lifelong learner, having completed the Canadian Institute of Chartered Accountants' In-Depth Tax Course. Residing in Toronto, Robin and her husband have raised two (mostly) money-smart young adults. Besides her financial expertise, she enjoys snowboarding, cycling, and attending concerts, including a memorable backstage encounter with Bruce Springsteen. For more about Robin and to purchase a copy of The Wisest Investment, click here. If you like what you hear, please don't hesitate to rate us kindly. And if there are particular topics you'd like covered, please let us know. Timestamps: 0:00 Intro & Disclaimer 3:42 Robin's financial journey 9:23 Why should parents teach their kids financial management? 11:45 Robin's Five Pillars of Money 17:01 How should an allowance work? 20:58 11 Healthy Habits of Financial Management 27:45 How can parents actually teach financial literacy? 34:39 Fraud, phishing, and cybersecurity 37:36 Robin's Key Tip 38:16 Meeting Bruce Springsteen 40:50 If Robin could do anything, what would it be? 41:57 Outro and disclaimer

Personal finance expert and award-winning author Robin Taub joins us on the program today. The former Chartered Professional Accountant discusses how advisors can engage with the next generation of investors and the importance of financial education. Robin says young adults are struggling to save and the effects of social media have exacerbated it. Financial education can start at home at an early age. She suggests involving your children in conversations about money and finances and most importantly track your kids' spending habits early on. Robin offers tips on how financial advisors can tailor their communication with the next generation and spark their interest in financial education. Use social media and other platforms catered to the younger generation and speak about their needs and goals. And focus on younger clients. Don't count out young people who are building up their wealth including millennials and the Gen Y group. Recorded on August 22, 2023. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics' Advisor Digital Experience Study.

Episode 357 features Robin Taub, a Professional Speaker and Bestselling Author of "The Wisest Investment"Find out more about Robin's Book, "The Wisest Investment" - https://www.thewisestinvestment.com/justgetstartedFind Robin Online:Website: https://robintaub.com/Linkedin: https://www.linkedin.com/in/robintaub/Instagram: https://www.instagram.com/robin.taub/?hl=enTwitter: https://twitter.com/robintaubFacebook: https://www.facebook.com/RobinTaubFinancialConsulting?ref=aymt_homepage_panel=============================Connect with the host, Brian Ondrako:=============================Website: https://brianondrako.com/Youtube: https://www.youtube.com/@brianondrakoTwitter: https://twitter.com/brianondrakoInstagram: https://www.instagram.com/brianondrako/Linkedin: https://www.linkedin.com/in/brianondrako/Substack: https://brianondrako.substack.com/=============================This episode is brought to you by LMNT, the delicious, sugar-free electrolyte drink mix. As someone who is active with CrossFit and other activities, I take LMNT 1–2 times per day. LMNT is formulated to help anyone with their electrolyte needs as electrolytes are vital to helping relieve hunger, cramps, headaches, tiredness, and dizziness.For a limited time, listeners of the Just Get Started Podcast can get a free LMNT Sample Pack with any purchase. This special offer is available here: DrinkLMNT.com/justgetstarted Hosted on Acast. See acast.com/privacy for more information.

Robin Taub shares on Ensuring continuity of the family wealth through the wise investment. About: Robin Taub is a Chartered Professional Accountant (CPA, CA), keynote speaker and bestselling author. Her latest award-winning book, The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life, gives parents the information, strategies and inspiration they need to teach their kids about money. She holds a Bachelor of Commerce (with High Distinction) from the Rotman School of Management at the University of Toronto. Robin puts her money where her mouth is and has two (mostly) money-smart young adults, a son and a daughter. https://www.thewisestinvestment.com/enterprisingfamilies  

Dans cet épisode, James Parkyn et François Doyon La Rochelle passent en revue le dernier livret électronique écrit par James Parkyn intitulé Compétences en matière d'investissement pour les jeunes épargnants.  Ce livret électronique est disponible sur le site Web de Sujet Capital et dans la section de notre équipe sur le site Web de PWL Capital. Il fournit d'importantes connaissances pratiques qui aideront les jeunes épargnants à prendre les bonnes décisions financières.    Livret électronique: https://www.pwlcapital.com/fr/?p=17970   Lire le script :  Introduction :  François Doyon La Rochelle: Bienvenue à Sujet Capital, un Balado mensuel à propos de la gestion passive de portefeuille et de la planification financière et fiscale pour les investisseurs à long terme.  Vos hôtes pour ce Balado sont James Parkyn et moi-même François Doyon La Rochelle, tous deux gestionnaires de portefeuilles avec PWL Capital.  Au programme aujourd'hui pour l'épisode #54 :  Dans cet épisode, nous passerons en revue le dernier livret électronique écrit par James intitulé - Compétences en matière d'investissement pour les jeunes épargnants.   Bonne écoute !    Compétences en matière d'investissement pour les jeunes épargnants :  François Doyon La Rochelle : Dans le podcast d'aujourd'hui, on va aborder un seul sujet, on va discuter du dernier livret électronique que tu as écrit James qui est intitulé Compétences en matière d'investissement pour les jeunes épargnants. Ce livret est disponible sur notre site Sujet Capital et aussi sur la page de notre équipe au sein du site PWL Capital. Il fait partie d'un effort important dans notre équipe car on a pris une décision stratégique il y a quelques années pour ajouter des clients de la nouvelle génération à notre pratique, ce qui inclut les enfants de nos clients actuels.  James Parkyn : Oui, effectivement, il s'agit d'un gros mandat, car ces jeunes clients en sont, pour plusieurs, seulement aux premiers stades de l'apprentissage de l'épargne et de l'investissement.  Pour d'autres, on voit que leur réflexion et leur expérience sont étonnamment avancées.  Dans le cas des enfants de nos clients, les parents sont en fait très heureux que nous entreprenions cette initiative.  Pour eux, ça fait partie des valeurs familiales de les aider à développer ce qu'ils considèrent comme une compétence essentielle pour la suite de leur vie.  Beaucoup d'entre eux réalisent également qu'ils auraient aimé commencer beaucoup plus tôt.  François Doyon La Rochelle : Pour nos auditeurs, il s'agit d'un livret électronique, donc relativement court (28 pages), avec beaucoup d'images et d'illustrations graphiques, qui se veut facile à lire et sans trop de jargon.  James, quel est le message principal que tu veux essayer de faire passer aux jeunes épargnants ?  James Parkyn : Mon message principal porte sur l'importance de commencer tôt.  C'est une compétence qui vous servira sur tout au long de votre vie et vous donnera la confiance nécessaire pour prendre des décisions financières intelligentes. Pour que les choses soient claires pour nos auditeurs, nous entendons par "compétences pour la vie" les compétences dont vous avez besoin pour tirer le meilleur parti de la vie. Toute compétence utile dans la vie peut être considérée comme une compétence de vie. Les jeunes épargnants doivent en faire une priorité.  François Doyon La Rochelle : James tu as eu de nombreuses rencontres avec des jeunes épargnants au cours des dernières années, qu'est-ce que tu as appris ?  James Parkyn : Tout d'abord, je devais connecter avec eux, et j'ai donc décidé d'entamer la conversation en partant du point de vue "Start with Why" (Commencez par le pourquoi).  L'idée de « Start with the Why » vient de l'auteur Simon Sinek, qui a écrit un livret bien connu sur le sujet.  François Doyon La Rochelle : Qu'est-ce qui résonne avec eux ? Comment fais-tu pour les intéresser ?    James Parkyn : J'aime toujours raconter des anecdotes sur la musique.  Je mentionne la chanson "Time" de Pink Floyd, tirée de l'album phare "Dark Side of the Moon" publié au début des années 1970.  François Doyon La Rochelle : Un classique, mais c'est surtout de la musique de la génération de leurs parents.  Il y a aussi une autre chanson sur cet album qui s'appelle "Money", mais les paroles sont surtout politiques.  James Parkyn : À ma grande surprise, beaucoup de jeune connaissent Pink Floyd et la chanson.  Ce que j'aime vraiment dans les paroles de la chanson "Time", c'est qu'elles transmettent un message clé sur l'importance de commencer tôt.  Je soupçonne le groupe de ne pas s'en être rendu compte lorsqu'il a écrit ces paroles, mais d'une manière ou d'une autre, ils ont relayé un message fondamental pour les jeunes épargnants.  François Doyon La Rochelle : C'est quoi le message, qu'est-ce que les paroles disent ?   James Parkyn : Traduction libre ici des paroles. "Faire défiler les moments qui composent une journée ennuyeuse.  Gâcher les heures avec désinvolture. Se trainer sur un bout de terrain dans sa ville natale. Attendre que quelqu'un ou quelque chose vous montre le chemin. Fatigué de se prélasser au soleil, rester à la maison pour regarder la pluie. Vous êtes jeune, la vie est longue et vous avez du temps à tuer aujourd'hui.  Et puis un jour, vous vous apercevez que dix ans se sont écoulés derrière vous. Personne ne vous a dit quand courir, vous avez raté le coup de départ".  François Doyon La Rochelle : C'est incroyable à quel point le message est pertinent pour notre sujet.  Ce nouveau livret électronique a pour but d'aider les jeunes épargnants à comprendre l'importance de commencer dès maintenant.  Il n'y aura personne pour donner le départ, pour vous dire de commencer à apprendre et à investir.  James Parkyn : Exactement François. Pour moi, c'est une vraie joie de voir la lumière s'allumer, de voir que les jeunes réalisent que les concepts sur l'investissement que j'apporte sont vraiment "accessibles".  François Doyon La Rochelle : J'aime ton choix du mot "accessible" parce que c'est très stimulant pour les jeunes de savoir et de sentir qu'ils peuvent y arriver. James, entrons dans le vif du sujet.  Quelles sont les compétences que les jeunes épargnants doivent développer ?  James Parkyn : On couvre sept compétences en matière d'investissement.  La première compétence est "Point de départ".  Pour certains jeunes épargnants, l'investissement peut être effrayant : "Par où commencer ?  C'est tellement compliqué !"  Pire encore, certains jeunes épargnants peuvent se demander : "Pourquoi dois-je y porter attention maintenant ?  J'ai toute la vie devant moi !"  Lorsqu'on débute, ce n'est pas facile de trouver le meilleur moyen d'atteindre les objectifs financiers que l'on s'est fixés pour soi et pour sa famille.  Il y a tant de priorités concurrentes à prendre en compte et les ressources à consacrer à l'une d'entre elles sont limitées.  François Doyon La Rochelle : Je pense que les jeunes épargnants ont beaucoup trop d'informations à leur disposition dans le monde branché d'aujourd'hui, avec Internet et les médias sociaux qui sont omniprésents. En fait, je pense que ce dont ils ont besoin ce sont des connaissances réelles et des informations pratiques qu'ils peuvent utiliser pour démarrer et les aider dans ce nouveau voyage qu'ils commencent.  James Parkyn : Je suis d'accord et c'est pourquoi on explique les concepts clés pour aider les jeunes épargnants à franchir les premières étapes critiques de leur parcours financier. Eh oui, François, on espère qu'ils apprendront à prendre les bonnes décisions et à éviter de faire des erreurs majeures.  François Doyon La Rochelle : Dans la partie, pour commencer, tu expliques, James, la magie des intérêts composés.  Peut-être que tu pourrais l'expliquer à nos auditeurs, c'est quoi les intérêts composés ?  James Parkyn : Le concept des intérêts composés n'est pas une mince affaire. Albert Einstein l'a qualifié de huitième merveille du monde. C'est l'intérêt sur l'intérêt que vous avez déjà gagné. En d'autres termes, la capitalisation est l'argent que vous gagnez sur votre investissement initial, plus l'argent que vous gagnez sur les rendements déjà accumulés au fil du temps.  François Doyon La Rochelle : Une autre raison importante qui justifie de commencer tôt votre parcours d'investisseur, c'est de prendre l'habitude d'épargner tout en apprenant les principes de base l'investissement et en renforçant votre confiance.  James Parkyn : Précisément !  Lorsqu'on traverse de nombreux marchés baissiers, et comme tu le sais, François, on en a connu quatre depuis 2000, l'expérience acquise en tant qu'investisseur avec une mentalité à long terme  fait en sorte que nous sommes moins enclin à vendre en panique. On apprend qu'un portefeuille diversifié et bien conçu va se rétablir et continuer à augmenter de valeur une fois la crise passé.  François Doyon La Rochelle : Avec ton expérience James c'est quoi la meilleure façon de commencer ?  James Parkyn : Les jeunes épargnants devraient mettre en place un retrait automatique de leur compte bancaire qui va directement dans un compte d'investissement. C'est ce qu'on appelle se payer en premier (avant toutes les autres dépenses), et ça fonctionne parce que vous adaptez naturellement vos dépenses au montant d'argent dont vous disposez après votre épargne.  François Doyon La Rochelle : James pourrais-tu nous parler de la deuxième compétence que les jeunes épargnants doivent acquérir : Tu l'as appelé, gérer son capital humain.  James Parkyn : De nombreuses personnes ne sont pas conscientes de leur actif le plus précieux. Il reste caché à la vue de tous parce qu'il est considéré comme acquis. Quel est cet actif ? C'est votre potentiel à générer des revenus tout au long de votre vie. Il s'agit de votre capital humain, que l'on peut définir comme la valeur actuelle de tous vos revenus futurs. Pour la plupart des gens, ça représente un chiffre énorme, surtout s'ils sont jeunes. Votre capital humain est d'autant plus précieux parce qu'il constitue une protection contre l'inflation. Ce que je veux dire par ça c'est que les revenus ont tendance à augmenter avec le coût de la vie.  François Doyon La Rochelle : James, pourrais-tu expliquer ce qu'est la "valeur actuelle de tous vos revenus futurs". Je pense que c'est un peu du jargon pour nos auditeurs et les jeunes épargnants.  James Parkyn : Le capital humain est la valeur actuelle de tous les salaires futurs provenant du travail.  Vous pouvez augmenter votre capital humain en poursuivant vos études ou en suivant une formation en cours d'emploi.  Pensez à tous les revenus futurs que vous percevrez en tant que rémunération jusqu'au moment où vous prendrez votre retraite et ensuite estimé ce que ça vaudrait comme somme forfaitaire pour du capital à investir.  François Doyon La Rochelle : Au fur et à mesure qu'il se développe, vous devez également protéger votre capital humain de la même manière que vous protégez d'autres actifs importants. Comme une automobile ou une assurance habitation.   James Parkyn : Si vous êtes comme la plupart des gens, vous serez riche en capital humain au début de votre vie professionnelle, mais pauvre en capital financier. Au cours de votre carrière, votre objectif devrait être de convertir votre capital humain en capital financier en gagnant de l'argent, en épargnant et en prenant de bonnes décisions en matière d'investissement. Les deux formes de capital sont importantes, accordez-leur l'attention qu'elles méritent.  François Doyon La Rochelle : Si l'on ajoute à ça le rendement composé du capital humain et financier, c'est ainsi que l'on parvient à l'indépendance financière, quelle que soit votre définition personnelle. James, parlons maintenant de la troisième compétence que les jeunes épargnants doivent développer : Cultiver un état d'esprit d'investisseur.  James Parkyn : De nombreuses personnes abordent l'investissement comme s'il s'agissait d'un jeu d'hasard, que l'on peut gagner en pariant sur le dernier titre à la mode ou la dernière tendance en matière d'investissement.  Blackrock Asset Management a mené une enquête en 2015, et 51 % des Canadiens ont déclaré à l'époque qu'ils pensaient que l'investissement pour eux ressemblait à un jeu de hasard.  Même si l'investissement et les jeux de hasard impliquent tous deux de risquer de l'argent dans l'espoir de réaliser un gain financier, la similitude s'arrête là. L'investissement - lorsqu'il est bien fait - consiste à acheter des actifs dont le rendement attendu est positif grâce aux revenus qu'ils génèrent et/ou à l'appréciation du capital à long terme.  François Doyon La Rochelle : Nous avons abordé ce concept dans un podcast précédent.  La différence entre investir et spéculer est parfois une question de perspective et de temps.  La spéculation signifie souvent que l'on s'attend à des gains faciles à court terme.  C'est quelque chose qui nous interpelle même nous les professionnels.  James Parkyn : Je suis d'accord François. Mais pour les jeunes épargnants, le savoir-faire à développer est de s'en tenir patiemment à un portefeuille largement diversifié qui reflète leur tolérance au risque et d'accepter que cette philosophie d'investissement ne produise peut-être pas l'excitation de toucher le jackpot sur une action ou une crypto-monnaie à la mode. Ils ne devraient pas investir pour des sensations fortes. Votre but devrait être d'atteindre vos objectifs financiers à long terme, et ce n'est pas quelque chose avec lequel il faut jouer.  J'ai déjà entendu dire qu'il n'était pas grave de perdre de l'argent quand on est jeune, car on peut se rattraper plus tard dans la vie.  Je déteste cette façon de penser et je dis aux jeunes épargnants d'y penser à deux fois, car si l'on prend en compte l'effet de la capitalisation sur plusieurs décennies de l'argent perdu, la perte est beaucoup plus importante.  François Doyon La Rochelle : On poursuit avec la quatrième compétence que les jeunes épargnants doivent acquérir : Garder le cap sur le long terme.  James, c'est quoi ton message ?   James Parkyn : Les investisseurs qui réussissent prennent des décisions financières cohérentes et intelligentes et s'y tiennent malgré les hauts et les bas du marché sur une période de plusieurs dizaines d'années. Cela exige de la discipline, une compétence essentielle à acquérir dès le début de votre vie d'investisseur.  Élaborez votre plan d'investissement et respectez-le.  François Doyon La Rochelle : Donc Il s'agit de ne pas se laisser piéger par le bruit des médias et de ne pas faire des transactions en fonction des événements à court terme sur les marchés financiers et des nouvelles économiques.  On a parlé souvent dans notre podcast de la nécessité d'éviter le "market timing".  Les académiciens ont déterminé que c'est une des pires erreurs qu'on peut faire pour détruire son patrimoine. Une forte baisse des marchés peut être particulièrement difficile à digérer pour certaines personnes. Ils se persuadent qu'ils peuvent sortir du marché maintenant et y revenir quand les choses iront mieux.   James Parkyn : Cependant, essayer de prévoir le marché pose au moins deux problèmes.  Premièrement, si vous vendez maintenant, quand saurez-vous qu'il est sûr de revenir sur le marché ? Deuxièmement, si vous vendez, vous risquez de rater des gains pendant que vous êtes sur la touche, ce qui peut avoir un impact considérable sur vos rendements à long terme. Bien que ça peut être difficile, la meilleure stratégie d'investissement, est de détenir un portefeuille d'investissements largement diversifiés et gérés passivement, dans les bons comme dans les mauvais moments. Pourquoi une gestion passive ? Parce que la recherche montre clairement que la plupart des gestionnaires de fonds actifs sous-performent leur indice de référence au cours d'une année donnée.  François Doyon La Rochelle : La cinquième compétence à acquérir est de : Comprendre les biais comportementaux. James, qu'est-ce que tu dis aux jeunes épargnants sur les aspects psychologiques de l'investissement ?  James Parkyn : Je leur dis qu'ils doivent comprendre comment leurs instincts humains fondamentaux peuvent les amener à prendre de mauvaises décisions financières.  Nous sommes tous la proie de biais comportementaux et émotionnels qui peuvent nous conduire à de graves erreurs d'investissement.  François Doyon La Rochelle : Pour contrôler l'influence des biais comportementaux et émotionnels, il faut d'abord en être conscient, puis revenir à une pensée rationnelle et à de bons processus de prise de décision. Quels sont les principaux biais ?  James Parkyn : La finance comportementale est un domaine en plein essor, deux prix Nobel ont été décernés à des académiques pour leurs travaux dans ce domaine au cours des 20 dernières années.  Il existe une quantité étonnante de recherches sur les biais comportementaux.  Je mets en évidence les quatre principaux biais sur lesquels les jeunes épargnants devraient, selon moi, porter leur attention. Vous devrez vous protéger contre ces biais et d'autres biais cognitifs et émotionnels tout au long de votre vie d'investisseur.  Biais de récurrence : Il s'agit de la tendance à accorder plus d'importance aux événements qui se sont produits dans un passé récent. Le biais de récence peut vous amener à vous écarter de votre plan d'investissement pour profiter d'une tendance haussière du marché ou pour vendre lors d'un repli du marché.  L'excès de confiance : Il est fréquent que les gens développent une confiance injustifiée en leurs propres capacités, y compris en leur capacité à réaliser des profits exceptionnels sur les marchés financiers. L'excès de confiance peut conduire les investisseurs à faire des paris risqués sur la base d'une croyance erronée en leur capacité à prédire l'avenir.  Biais de confirmation : Cela se produit lorsque les investisseurs recherchent des informations qui confirment leur point de vue et négligent les opinions divergentes.  L'aversion aux pertes : Les chercheurs en finance comportementale ont déterminé que les gens ressentent la douleur d'une perte environ deux fois plus fortement que le plaisir qu'ils retirent d'un gain équivalent. L'aversion pour les pertes est un autre biais qui peut fausser votre prise de décision en vous amenant à privilégier l'évitement des pertes par rapport aux gains.    François Doyon La Rochelle : Des bons conseils en matière d'investissement et des bonnes habitudes tels que l'examen annuel du portefeuille, les cotisations automatiques et le rééquilibrage périodique du portefeuille peuvent vous aider à maîtriser vos émotions et à maintenir votre plan d'investissement sur la bonne voie.  James Parkyn : Diversifier son portefeuille en détenant un grand nombre d'investissements sur différents marchés est une stratégie fondamentale pour investir avec succès. L'économiste Harry Markowitz, lauréat du prix Nobel, l'a fameusement décrite comme "le seul repas gratuit en finance" ou « The only free lunch in finance »  François Doyon La Rochelle : Effectivement, Markowitz a démontré qu'en combinant des actifs qui performent différemment au fil du temps, vous réduisez le risque global de votre portefeuille sans réduire les rendements attendus.  James Parkyn : Il s'agit de ne pas mettre tous ses œufs dans le même panier. Lorsque vous ne possédez que quelques actions de compagnies dans votre portefeuille, la faillite d'une de ces compagnies peut entraîner une perte permanente de votre épargne. Alors que si vous possédez de nombreux titres - idéalement toutes les actions d'un marché donné - les mauvaises performances de certaines seront compensées par les meilleures performances des autres.  François Doyon La Rochelle : Une petite mise en garde, Ça ne veut pas dire que vous ne perdrez jamais, mais que vos gains et vos pertes reflèteront celles du marché dans son ensemble. Vous avez éliminé ce que l'on appelle le risque non systématique, c'est-à-dire le risque propre à une entreprise, une compagnie, ou à un secteur spécifique.  James Parkyn : Le même principe s'applique à la détention de différents types d'actifs tels que les actions, les obligations et l'immobilier. Chacun d'entre eux produit des rendements différents au cours d'une période donnée et en les combinant dans un portefeuille, vous en réduisez le risque.  François Doyon La Rochelle : Ça peut surprendre, mais les études démontrent que de nombreux investisseurs détiennent encore des portefeuilles terriblement sous-diversifiés.   James Parkyn : Heureusement, les jeunes épargnants peuvent éviter de faire cette erreur fondamentale en achetant simplement des fonds gérés passivement qui permettent une large diversification à un coût très faible.  François Doyon La Rochelle : La septième et dernière compétence que les jeunes épargnants doivent acquérir est celle de : Contrôler ses émotions. C'est quoi la différence entre cette compétence et l'apprentissage des biais comportementaux ?  James Parkyn : Excellente question, Francois.  Le message que je veux faire passer ici encore une fois est qu'il faut faire attention à la façon dont on réagit émotionnellement à la volatilité des marchés.  L'une des mesures les plus importantes est d'ignorer le bruit des médias concernant les mouvements quotidiens des marchés et de se concentrer plutôt sur un plan financier à long terme. Ce plan doit prévoir une répartition des actifs en fonction de vos objectifs et de votre tolérance au risque. Lorsque les marchés évoluent à la hausse ou à la baisse, vous rééquilibrez périodiquement votre portefeuille en fonction de votre allocation d'actifs cible et vous restez confiant dans le fait que le processus fonctionne à long terme.  François Doyon La Rochelle : Comme on l'a déjà dit, le secteur des services financiers et les médias financiers encouragent la gestion active, ce qui nous pousse à faire beaucoup de transactions.  Pensez à toutes les publicités du secteur montrant une personne devant un écran avec des côtes boursière et des graphiques. Malheureusement, de nombreux investisseurs associent faire des transactions à la création de valeur.  James Parkyn : J'ai une excellente citation d'un collaborateur de longue date de Warrant Buffett, Louis Simpson, qui supervisait les investissements de la gigantesque filiale d'assurance GEICO de Berkshire Hathaway.  Il a dit un jour : "Nous réfléchissons plus que nous n'agissons. Un grand nombre d'investisseurs agissent beaucoup et ne réfléchissent pas beaucoup".  Pour moi, cette phrase reflète la façon dont nous gérons l'argent de nos clients et ce qui nous différencie de la plupart des acteurs du secteur des services financiers.  Nous achetons avec beaucoup de soin, nous conservons et différons les impôts et nous rééquilibrons lorsque c'est pertinent.  Nous faisons tout ça en respectant le plan d'investissement bien conçu de nos clients.  François Doyon La Rochelle : J'aime aussi cette citation.  Louis A. Simpson était l'un des gestionnaires de fonds préférés de Warren Buffett et, à un moment donné, un successeur potentiel.  Il était beaucoup moins connu que Buffett ou Charlie Munger.  Malheureusement, il est décédé au début de l'année 2022 à l'âge de 85 ans.  Je devrai préciser ici pour nos auditeurs qu'en agissant beaucoup, il voulait dire en négociant beaucoup.    Revenons maintenant à nos moutons.  Lorsque les marchés sont à la hausse, il est relativement facile de contrôler vos émotions pour la plupart des investisseurs qui voit leurs portefeuilles prendre de la valeur de jour en jour.   James Parkyn : Les marchés baissiers font partie de la vie d'un investisseur. C'est en prenant des risques contrôlés que l'on obtient des rendements et que l'on construit son patrimoine. Cependant, les marchés baissiers peuvent créer de l'anxiété et une pression à agir qui peut parfois sembler insurmontable. C'est à ce moment-là que les investisseurs doivent contrôler leurs émotions car c'est là qu'ils commettent le plus souvent des erreurs qui entraînent une perte permanente de capital.  François Doyon La Rochelle : Vos pensées peuvent être trompeuses. Vous pouvez croire que vous prenez des décisions rationnelles alors qu'en réalité vos actions sont motivées par la peur. C'est pourquoi vous devez vous préparer aux baisses des marchés en vous efforçant de reconnaître les moments où vous vous sentez stressé pour que vous puissiez ensuite gérer vos émotions.  James, tu recommande également des livres.  Quels livres recommandes-tu ?  James Parkyn : Tout d'abord, je recommande aux jeunes épargnants de lire notre livret électronique " les 7 péchés capitaux de l'investissement" que nous avons publié en 2021. Il s'agit en quelque sorte d'un complément à ce nouveau livret électronique.     Je recommande également aux jeunes épargnants qui souhaitent approfondir leurs connaissances de lire deux ouvrages incontournables :  The Psychology of Money (La psychologie de l'argent) par Morgan Housel : L'auteur primé Morgan Housel présente 19 histoires courtes explorant les étranges façons dont les gens pensent à l'argent et vous apprend à mieux comprendre l'un des sujets les plus importants de la vie.  Think, Act, and Invest Like Warren Buffett (Pensez, agissez et investissez comme Warren Buffett) par Larry E. Swedroe : Warren Buffett. Bien qu'il soit impossible d'investir exactement comme lui, Think, Act, and Invest Like Warren Buffett propose une approche d'investissement solide et sensée, basée sur les conseils de Buffett en matière de stratégies d'investissement.  François Doyon La Rochelle : James, quels livres recommandes-tu recommande pour les parents ?  James Parkyn : Je recommande deux livres différents mais tout aussi bons :  It Makes Total Cents de Tom Henske. Il s'agit d'un auteur américain.  Certains éléments de ce livre sont spécifiques aux investisseurs américains et reflètent les lois fiscales américaines. It Makes Total Cents (épelé avec un "c" pour faire un jeu de mots avec le mot sense) est un guide court et facile à lire pour aider les parents. Ce livre concis est conçu pour être lu à raison d'un chapitre par mois et couvre les 12 sujets financiers les plus importants qu'un enfant doit comprendre avant d'entrer à l'université ou au collège.  The Wisest Investment de Robin Taub. Elle est canadienne et son livre vise à enseigner à vos enfants à être responsables, indépendants et intelligents en matière d'argent.  Robin Taub propose une feuille de route pour enseigner l'argent à vos enfants.  L'éducation financière a longtemps été un sujet ignoré et il en résulte que, génération après génération, les enfants entrent dans l'âge adulte sans maîtriser les bases de l'argent. Cela conduit à un stress inutile à l'âge adulte et, en fin de compte, à des problèmes de santé.    Conclusion :  François Doyon La Rochelle : Voilà pour le podcast d'aujourd'hui intitulé Compétences en matière d'investissement pour les jeunes épargnants. Merci James Parkyn d'avoir partagé ton expertise et ton savoir.  James Parkyn : il m'a fait plaisir Francois.  François Doyon La Rochelle : Hé bien c'est tout pour ce 54ième épisode de Sujet Capital !  Nous espérons que vous avez aimé.  N'hésitez pas à nous envoyer vos questions et suggestions. Vous pouvez nous joindre par courriel à: sujetcapital@pwlcapital.com  De plus, si vous aimez notre podcast, partagez-le avec votre famille et vos amis et si vous n'y êtes pas abonné, faites-le SVP.  Encore une fois, merci d'être à l'écoute et joignez-vous à nous pour notre prochain épisode qui sortira le 2 aout.  A bientôt!   

In this Episode, James Parkyn & François Doyon La Rochelle review the latest eBook authored by James Parkyn titled Investing Life Skills for Early Savers.  This eBook is available on the Capital topics website and in our Team's section on the PWL Capital website and will provide important life skills that will serve early savers on the road of making smart money decisions.  eBook: Investing Life Skills for Early Savers - PWL Capital   Read The Script:  Introduction:  François Doyon La Rochelle:  You're listening to Capital Topics, episode #54!  This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.   Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.  In this episode, we will review the latest eBook authored by James titled INVESTING LIFE SKILLS FOR EARLY SAVERS.  Enjoy!    Investing Life Skills for Early Savers :  François Doyon La Rochelle: In today's Podcast, we will cover only one Topic which is a Review of the latest eBook Authored by you James titled INVESTING LIFE SKILLS FOR EARLY SAVERS. This ebook is available on the Capital Topics website and in our Team's section on the PWL Capital website. This has been a major effort and, in our Team, we made a strategic decision a few years back to add Next Generation clients to our Practice which includes the children of our current clients.   James Parkyn: Yes, this has been a major undertaking as these younger clients are, in many cases, in the early stages of learning about saving and investing.  In some cases, their thinking and experience are surprisingly advanced.  In the case of the children of our clients, the parents were very happy we are undertaking this initiative.  For them, it is part of their family values to help them develop what they consider to be an essential life skill going forward in their lives.  Many of them also realize they wish they had started much younger than they did.  François Doyon La Rochelle: For our Listeners, this is an eBook format, so it is relatively short at 28 pages with a lot of pictures and graphic illustrations and, is meant to be an easy jargon-free read. James, what is the main message you are trying to get across to Early Savers?  James Parkyn: My main message is about the importance of starting early.   It is a life skill that will serve you well on the road of life and will give you the confidence to make smart money decisions. Just to be clear for our listeners, what we mean by 'Life Skills' are the skills you need to make the most out of life. Any skill that is useful in your life can be considered a life skill. Early savers need to make this a high priority.   François Doyon La Rochelle: You have had a lot of meetings with Early Savers over the last few years and what did you learn?   James Parkyn: First off, I had to connect with them, so I decided to start the conversation from the vantage point of “Start with Why”.  The idea comes from Author Simon Sinek who wrote a highly regarded book on the topic.   François Doyon La Rochelle: What else resonates for them?  James Parkyn: Well, I always like to connect with anecdotes about music. I mention the song “Time” by Pink Floyd from the seminal album “Dark Side of the Moon published in the early 1970s”.    François Doyon La Rochelle: Ok, but this music is from their Parents' generation.   There is another song on that album called “Money”, but the lyrics are mostly political.    James Parkyn: To my surprise, many know Pink Floyd and the song.  What I like about the lyrics from the song “Time” is that they convey a key message about the importance of starting early. I suspect the Band probably did not realize it when they wrote the words but somehow, they related a fundamental lesson about learning Investing Life Skills early.  François Doyon La Rochelle: What do the lyrics say?  James Parkyn: “Ticking away the moments that make up a dull day. Fritter and waste the hours in an offhand way. Kicking around on a piece of ground in your hometown. Waiting for someone or something to show you the way. Tired of lying in the sunshine, staying home to watch the rain. You are young and life is long, and there is time to kill today.  And then one day you find ten years have got behind you. No one told you when to run, you missed the starting gun.”  François Doyon La Rochelle: Wow, that's incredible how relevant the message is to our Topic.  This new eBook is trying to help Early Savers to understand the importance of starting now.  There will be no one to fire a starting gun to tell you to start learning and investing.  James Parkyn: Exactly Francois. For me personally the joy of seeing the light go on about Investing in Life Skills is because they realize the concepts are really “accessible”.    François Doyon La Rochelle: I like your choice of the word “Accessible” because it is very empowering to know and really feel “I can do this!”.  So, James let's get into the meat of the eBook content. What are the Life Skills Early Savers need to develop?  James Parkyn: We cover seven Investing Life Skills.  The first Life Skill is Getting started. Investing in some Early Savers can be scary: “Where do I start? It is so complicated!” Even worse, some Early Savers may wonder “Why do I need to pay attention now? I have all my life ahead of me!” When you're starting, it's not easy to find the best route to achieving the financial goals you have set for yourself and your family. There are so many competing priorities to consider and only limited resources to commit to any one of them.  François Doyon La Rochelle: Adding to the challenge in today's wired world with the internet and social media ever present, Early Savers have way too much information at their fingertips and in fact, what they are seeking is real knowledge and practical information that they can use to get started and to help them on this new journey they are starting.  James Parkyn: I agree which is why we explain key concepts to help Early Savers take the first critical steps on their financial journey. And yes, Francois, we hope they will learn how to make good decisions and avoid major mistakes.  François Doyon La Rochelle:  Getting started is all about explaining the magic of compound interest.  Maybe you can explain to our listeners what compound interest is. James Parkyn: Compounding is no small thing. Albert Einstein is reputed to have called it the eighth wonder of the world. It's the interest on the interest you've already earned. In other words, compounding is the money you earn on your original investment, plus the money you earn on the returns already accumulated over time.  François Doyon La Rochelle:  There's another important reason for getting started early on your investing journey. You will be getting into the habit of saving while learning the principles of investing and building your confidence.  James Parkyn: Precisely!  When you have lived through many bear markets and as you know Francois, we have had four since 2000, then your experience as an Investor with a Long-Term Mindset you will be less likely to panic sell because you have a well-engineered diversified portfolio is that you will recover and go on to grow in value.  François Doyon La Rochelle:  What's a good way to get started?  James Parkyn: Early Savers should set up an automatic withdrawal from their bank account that goes directly to an investment account. That's called paying yourself first (before all your other expenses), and it works because you naturally adjust your spending to the amount of money you have on hand.  François Doyon La Rochelle: James let's discuss the second Life Skill Early Savers need to develop: Managing your Human Capital.  James Parkyn: Many people are unaware of their most valuable asset. It remains hidden in plain sight because it's taken for granted. What is this asset? Your potential to generate income over your lifetime. It's called your human capital and can be defined as the present value of all your future earnings. For most people, that works out to a huge number, especially if you're young. Your human capital is even more valuable because it's a hedge against inflation. Earnings tend to rise with the cost of living.  François Doyon La Rochelle: James the term “present value of all your future earnings” is jargon for many Listeners and Early Savers.    James Parkyn: Human capital is the present value of all future wages from working.  You can increase your human capital by continuing your education or going for on-the-job training.  Think of all your future expected earnings that you will take home as compensation up to the time you will retire from working.  Then, estimate what it would be worth as a lump sum of investment capital.  François Doyon La Rochelle: As it grows, you also need to protect your human capital in the same way you safeguard other important assets.  James Parkyn: If you're like most people, you'll be rich in human capital when you start out in your working life, but poor in financial capital. As you move through your career, your goal should be to convert your human capital into financial capital by earning, saving and making good investment decisions. Both forms of capital are important, give them both the attention they deserve.  François Doyon La Rochelle: When you add into the mix the compound return on both Human and Financial Capital that is how you get to financial independence however you may define it. James let's now discuss the third skill Early Savers need to develop: Cultivating an Investor Mindset.  James Parkyn: Many people approach investing as if it were a game of chance that can be won by placing bets on the latest hot stock or investment fad. Blackrock Asset Management surveyed in 2015, 51% of Canadians said at the time that they believe investing is like gambling.  While investing and gambling both involve risking money in hopes of realizing a financial gain, that's where the similarity ends. Investing – when done right – is about buying assets that have a positive expected return thanks to the income they pay and/or their long-term capital appreciation.  François Doyon La Rochelle: We have covered this concept in a past Podcast. The difference between Investing and Speculating sometimes is a question of perspective and timeline.  Speculation often means you expect short-term easy gains. This is a question that challenges even us professionals.  James Parkyn: I agree.  But for Early Savers, the Life Skill to develop is patiently sticking to a broadly diversified portfolio that reflects their risk tolerance and accepting that it may not produce the excitement of trying to hit the jackpot on a hot stock or a cryptocurrency. But they shouldn't be investing for thrills. Your aim should be to achieve your long-term goals, and that's not something to gamble on.  I have heard the expression it is ok to lose money when you are young you can make it up later in life.  I hate that and tell Early Savers to beware as if you look at the loss based on the effect of compounding over multiple decades of your lifespan then the loss is massively larger.  François Doyon La Rochelle: Next up is the fourth Life Skill Early Savers need to develop: Keeping Your Eye on the Long Term.  What is your message about this Life Skill?  James Parkyn: Successful investors make consistent, smart money decisions and stick with them through market ups and downs over a period of decades. That requires discipline, an essential skill to learn early in your investing life. Develop your Plan and stick to it.  François Doyon La Rochelle: This is about not falling prey to the noise in the financial media and trading based on short-term capital market events and economic news. We have talked often on our Podcast about avoiding “market timing”.  Researchers have found it's one of the worst wealth-destroying mistakes you can make. A sharp downturn in the markets can be particularly difficult for some people to stomach. They talk themselves into the idea that they can pull out now and get back in when things get better.  James Parkyn: However, trying to time the market presents at least two problems.  First, if you sell now, when will you know it's safe to buy back into the market? Second, you risk missing out on gains while you're on the sidelines and that can have a huge impact on your long-term returns. While it can be challenging, the best investment strategy – as supported by decades of academic research – is to hold a portfolio of broadly diversified, passively managed investments through good times and bad. Why passively managed? Because research clearly shows that most active fund managers underperform their index benchmark in any given year.  François Doyon La Rochelle: The fifth Life Skill Early Savers need to develop: Understanding Human Biases.  James, what do you say to Early savers about the psychological aspects of Investing?  James Parkyn: I tell them they need to understand how their basic human instincts can cause them to make poor financial decisions.  We all fall prey to mental and emotional biases that can lead to serious investing errors.   François Doyon La Rochelle: To control the influence of mental and emotional biases, you must first be aware of them and then guide yourself back to rational thinking and good decision-making processes. What are some of the key biases?  James Parkyn: Behavioral economics has been a huge growth area with two major Nobel Prizes being awarded to academics for their work in the past 20 years or so. There is an amazing amount of research that deals with Behavioral biases. I highlight the top 4 that I believe Early Savers should watch out for in your thinking about investments.   Recency Bias: This is the tendency to give greater importance to events that have occurred in the recent past. Recency bias can cause you to depart from your investment plan to jump on a hot market trend or sell during a market downturn.  Over-Confidence: It's common for people to develop unwarranted confidence in their abilities, including their ability to make exceptional profits in financial markets. Overconfidence can lead investors to make risky bets based on a misguided belief in their ability to predict the future.  Confirmation Bias: This occurs when investors seek out information that confirms their point of view and discount divergent opinions.  Loss Aversion: Behavioral finance researchers have determined that people feel the pain of a loss about twice as strong as the pleasure they get from an equivalent gain. Loss aversion is another bias that can distort your decision-making by causing you to prioritize avoiding losses over earning gains.  François Doyon La Rochelle: Good investment advice and processes such as annual portfolio reviews, automatic contributions, and periodic portfolio rebalancing can help Early Savers keep their emotions in check and keep them on track with their Long-Term Investment plan. The sixth Life Skill Early Savers need to develop: Diversifying to Reduce Your Risk.  This is another topic we address often on our Podcast.  What is the message of this Life Skill?  James Parkyn: Diversifying your portfolio by holding many investments in different markets is a fundamental strategy for successful investing. Noble Prize-winning economist Harry Markowitz famously described it as “the only free lunch in finance.”   François Doyon La Rochelle: Markowitz demonstrated that when you combine assets that perform differently over time you lower the overall riskiness of your portfolio without reducing expected returns.  James Parkyn: It comes down to not putting all your eggs in one basket. When you own just a few stocks, the failure of any one of those companies can lead to a permanent loss of your savings. But when you own many stocks—ideally all of them in a given market— the poor performance of some will be offset by the better performance of others.  François Doyon La Rochelle: A word of caution: This doesn't mean you will never lose, but your gains and losses will reflect those of the overall market. You've removed what's known as unsystematic risk – the risk unique to a specific company or industry.  James Parkyn: The same principle applies to holding different asset types such as stocks, bonds, and real estate. Each produces different returns in any given period and by combining them in a portfolio you reduce its riskiness.  François Doyon La Rochelle: It may come as a surprise, but research shows that many investors hold woefully under-diversified portfolios.  James Parkyn: Fortunately, Early Savers can avoid this basic investing error by owning passively managed funds that allow you to broadly diversify at a very low cost.  François Doyon La Rochelle: The seventh and last Life Skill Early Savers need to develop: Controlling Your Emotions. James, how is this Life Skill different compared to learning about Human cognitive biases?  James Parkyn: Great Question Francois.  As you said earlier, here is the message I want to convey is to pay attention to how you react emotionally to market volatility.  Among the most important of these is to tune out media noise about the day-to-day movements in the markets and focus instead on your long-term Investment plan. It should have asset allocation targets that reflect your objectives and risk tolerance. As markets move up or down, you periodically rebalance your portfolio back to your target asset allocations and keep your faith that the process works overtime.  François Doyon La Rochelle: As we have stated before, The Financial Services industry and the Financial Media promote active management which pushes us to do a lot of trading.  Think of all the industry advertising showing someone in front of a trading screen of stock quotes. Unfortunately, many Investors equate trading with adding value.  James Parkyn: I have a great quote from a longtime collaborator of Warrant Buffett, Louis Simpson, who oversaw investments at Berkshire Hathaway's giant GEICO insurance subsidiary.  He once said: “We do a lot of thinking and not a lot of acting. A lot of investors do a lot of acting and not a lot of thinking.”  For me, this, in a nutshell, reflects how we manage our clients' money and how we are different from most of the financial services industry. We buy very carefully; we hold and defer tax and rebalance when it makes sense to do so. We do this all while sticking to the Clients' well-thought-out plans.   François Doyon La Rochelle: I love this quote too.  Louis A. Simpson was one of Warren Buffett's favorite fund managers and a one-time potential successor.  He was much lesser known than Buffett or Charlie Munger.  Sadly, he passed away at the beginning of 2022 at age 85.  We should point out to our Listeners that by acting a lot he means trading a lot. So now, let's get back to the Investing Life Skill of Controlling Your Emotions.  When markets go up it's relatively easy to keep your emotions in check for most investors when your portfolio goes up every day.  James Parkyn: Down markets are a fact of life when you invest. Taking a controlled amount of risk is what allows you to earn returns and build your wealth. However, falling markets can create anxiety and pressure to act which can feel overwhelming at times. This is when investors must control their emotions to avoid making errors that will lead to a permanent loss of capital.  François Doyon La Rochelle: All Investors must guard against the fact their thoughts can deceive them. You may think you're making rational decisions when in fact your actions are being driven by fear. That's why you should prepare yourself for market downturns by striving to recognize when you're feeling under stress and cultivating strategies to deal with unhealthy emotions. James, you also provide recommendations for Books.  What do you recommend?  James Parkyn: First, I recommend that the Early Savers read our eBook “7 Deadly Sins of Investing” that we published in 2021. It is in some ways a companion piece to this new eBook.     I also recommend two must-reads for Early Savers who want to develop a deeper level of knowledge:  The Psychology of Money by Morgan Housel: This is a very popular book and it is very useful to both Professional Investors and Individuals. award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.  Think, Act, and Invest Like Warren Buffett by Larry E. Swedroe Think, act and invest like the best investor out there: Warren Buffett. While you can't invest exactly like he does, Think, Act, and Invest Like Warren Buffett provides a solid, sensible investing approach based on Buffett's advice regarding investment strategies.  François Doyon La Rochelle: James, you also provide recommendations for Books for Parents. What Books do you recommend for them?  James Parkyn: I recommend two very good but different books:  It Makes Total Cents by Tom Henske. He is an American author. Some material in this book is specific to Americans Investors and reflects US tax laws. It Makes Total Cents (spelled with a “c” as a play on words) is a short, easy-to-read bite-size guide to help parents. This concise book is meant to be read a chapter per month covering the 12 most important money topics that a child should understand before going to university or college.  The Wisest Investment by Robin Taub. She is a Canadian and her book is about teaching your kids to be responsible, independent, and money smart. Robin Taub lays out a roadmap for teaching your kids about money.  Financial literacy has been a long-ignored subject and the result has been generation after generation entering adulthood without a grasp of money basics. This eventually leads to unnecessary stress in adulthood and ultimately causes stress leading to health issues.  François Doyon La Rochelle: James, you also provide recommendations for Books for Parents. What Books do you recommend for them?    Conclusion:   François Doyon La Rochelle: So, this is it for today's podcast Investing Life Skills for Early savers. Thank you, James Parkyn for sharing your expertise and your knowledge.   James Parkyn: You are welcome, Francois.  François Doyon La Rochelle: That's it for episode #54 of Capital Topics!  Do not forget, if you would like to submit questions or suggestions for the show, please email us at: capitaltopics@pwlcapital.com  Also, if you like our podcast, please share it when with family and friends and if you have not subscribed to it, please do.  Again, thank you for tuning in and please join us for our next episode to be released on August 2nd.   See you soon!   

This is one “talk” we can't avoid…The Money Talk! Things have changed so much about the way we interact with money (who even carries cash anymore!?). What is money anyway? Is it bitcoin, crypto currency or is money still money? What is inflation? What is Shrinkflation?We are talking about all things money so your kids can have a healthy understanding of what it is, and how to use it wisely. My guest Robin Taub, who is an expert on all things money, is breaking it down for us in the most non-boring way! We talk about what “financial literacy” is (the knowledge skills and confidence to make financial decisions at every stage of life) and how it's the key to economic growth and prosperity and allows you to make sound financial decisions and grow your money, not be caught in too much debt.What impression do your kids have of your finances? Do they think that you have a bottomless pit of money somewhere? Do they get the impression you have no money? Is the topic taboo in your household?If you feel lost, you aren't alone! Robin Taub is so knowledgeable on this topic and helps you to break it down into 5 main pillars that starts with “Earn” and is followed by save, spend, share, and invest.One thing that Robin said in this episode, is that you want to start talking about money when your kids are young, so they can make mistakes when the stakes are low. That really resonated with me.For Robin's guide on “The Financial Role Model Self-Assessment”, you can download it from the Parent Toolbox. www.parent-toolbox.comAbout Robin TaubA Chartered Professional Accountant by training, Robin Taub began her career at KPMG, transitioned into real estate, and then landed on the trading floor at Citibank Canada. Today, she's a keynote speaker and the award-winning author of The Wisest Investment, Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. Robin puts her money where her mouth is and has raised two *mostly* money-smart kids.Social Media:Website: www.robintaub.comBook Site: www.thewisestinvestment.com (Book specific)LinkedIn: https://www.linkedin.com/in/robin-taub-cpa-ca-1a516528/Facebook: https://www.facebook.com/RobinTaubFinancialConsultingTwitter: https://twitter.com/robintaubInstagram: https://www.instagram.com/robin.taub/Thanks for listening! For more on Robbin, her work and free resources, keep reading! READY FOR YOUR FAMILY CHECK UP CALL? If you're feeling burnt out by bad behavior, worn down from constant battles and bickering and you've struggled to get the cooperation, respect and obedience you want from your kids, I've been there too. It might be time to learn new tools (that you've never been taught) to help you get your kids to listen to you, build teamwork, and grow the harmony in your home. https://parentingforconnection.as.me/CheckupcallFREE GUIDE FOR PARENTS OF STRONG-WILLED KIDS: “How to Turn a NO into Cooperation” go to www.strongwilledkids.com It means so much to me that you listened to my podcast! If you resonate with my message and would like my personal help in your parenting journey, I'd love to talk to you. Please visit my website to book a call with me where we can talk about your parenting frustrations and I'll share how I can help you. www.parentingforconnection.comThe intention for my show is to build a community of parents that can have open and honest conversations about parenting without judgement or criticism. We all deserve access to help and support when we need it most. I honour each parent and their path towards becoming the best parent they can be. My hope is to inspire more parents to...

We have Robin Taub, a chartered professional accountant and author of The Wisest Investment, join us to take us through some of the most popular family finance apps in Canada. Connect with Robin on Twitter, Facebook and LinkedIn.

The most popular family finance apps available in Canada. Chartered Professional Accountant and author Robin Taub takes us through them.  And, the challenges single seniors face during tax season. Jane Robertson, founder of Single Seniors for Tax Fairness, tells us about what's needed to address the issue. Then, the high fees you might be paying for consultants to help you with the Disability Tax Credit. Jamie Golombek from CIBC tells us why a potential fee cap in Canada is stalled. And, a group looking to bring the benefits of employee ownership to Canada. Jon Shell from the Canadian Employee Ownership Coalition, takes us through what their organization is advocating for. Plus, Colin Coggins from the USC Marshall School of Business tells us about the book he co-authored called THE UNSOLD MINDSET: Redefining What It Means to Sell. To find out more about the guests check out: Jane Robertson: com | Facebook | Twitter | LinkedIn Jamie Golombek: CIBC Tax Site | Twitter | LinkedIn | com Robin Taub: Twitter | Facebook | LinkedIn Colin Coggins: com | Instagram | Twitter | LinkedIn Canadian Employee Ownership Coalition: employee-ownership.ca | Twitter Jon Shell: Twitter Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn

One of the best investments we can make is in our kids. Robin Taub talks with us about how to raise kids who have a healthy understanding of money, spending, and investing from her book "The Wisest Investment" which updated her bestselling book "A Parent's Guide to Raising Money-Smart Kids." Topics include: How did our parents talk to us about money, and what can we learn from them? Going over the statistics for financial education availability in schools, and who should teach our kids about money? Can you learn how to manage finances along with your kids, or what do your kids learn by watching you? Robin discusses the five pillars of money and age appropriateness. Where are kids looking for financial advice other than their parents? Robin's Website & Instagram "The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life" "Raising Money-Smart Kids: How to Teach Your Kids about Money and Learn a Few Things Yourself" The Fiscal Feminist - A Financial Wake-up Call for Women Fiscal Feminist Website

About Robin Taub Robin Taub is a Chartered Professional Accountant (CPA, CA), keynote speaker and bestselling author. Her latest award-winning book, The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life, gives parents the information, strategies and inspiration... READ MORE The post Talking about money with kids. How much to share? | Robin Taub appeared first on .

Robin Taub joins us today to discuss her book The Wisest Investment and how we can raise money-smart kids.  Jordan and I both have young kids so this topic has been on my mind recently.  As financial planners, we generally focus on retirees and business owner money issues instead of teaching the next generation about money so Robin's expertise was a great resource for us.To purchase a copy of her book and to find access to all the other resources she mentions in the episode, please go to https://robintaub.com or https://www.thewisestinvestment.com to download a free excerpt from the book.CONNECT WITH EVAN

Robin Taub is the author of, The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. On this episode of The Your Life! Your Terms! Show we chat about allowances, bank accounts, first jobs, taxes and paying yourself first. And perhaps most importantly, we dive into values and how they play a huge role in all of our finances. This episode is near and dear to our hearts as we didn't learn about money until we were well into our 20s. You can learn more about Robin and access the resources mentioned on this episode by visiting TheWisestInvestment.com

How can we raise MOSTLY money smart kids?On The Motherhood and Money Show today, Bethany has Robin Taub of The Wisest Investment on talking about three easy-to-implement strategies for time-starved parents who want to raise responsible, independent, money-smart kids. Robin is passionate about helping parents, grandparents and other teachers have money conversations with their children. Beginning at age five, right through to their twenties, she lays out a financial roadmap and shares strategies for teaching them about the Five Pillars of Money: Earn, Save, Spend, Share and Invest. To find out more about Robin visit her website!

Let's get candid, friend. How do we become good financial role models for our kids? If you're like me, you may have grown up with a scarcity and fear-based mindset when it comes to money and finances. My mom was always living paycheck to paycheck, making sure my siblings and I had everything we needed, but there was never anything left afterwards.  Growing up, I always found money to be something that was hard to get, that it goes as fast as it comes. Even when we started to make more money as the years went on, I still had that lingering belief of ‘what if it's not enough.' This is why today's conversation is SO important, our kids need to learn how to reframe their own beliefs about money too! If you're a parent, this is for you. If you're thinking about becoming a parent, this episode is for you. And if you are somebody like me, who, when you weren't a parent, you didn't learn about money at home, this episode is for you.  Joining me on the show is Robin Taub, keynote speaker and award-winning author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life, an update of the bestselling A Parent's Guide to Raising Money-Smart Kids.  Robin is obsessed with personal finance and investing. Using her financial background, and professional coaching training, she raised two responsible, independent mostly money-smart kids. Now, she helps other parents do the same! We talk about:[0:00] Intro[7:20] Debunking stereotypes around accountants[11:50] The 5 pillars of money[14:10] Three strategies to teach your kids about money[15:20] Why it's important to know what your values are with money[19:20] How to start financial healing[27:04] Tips to teach parents who are reluctant to money to teach their kids about it[39:00] How to shift from a scarcity mindset [47:50] How education around money and finances is changing in schools[57:30] Why you need to be accountable to your money Loved this episode? I know, me too, friend! Me too! If this episode resonated with you, we'd love to hear from you, say hi on Instagram @shantellebisson, @withoutlosingyourcool, and for the love of all things cool, if you have a burning question you'd like answered, go to shantellebisson.com/podcast and leave us a message for your question to be featured on our upcoming episodes! Share your takeaways on social media and tag us & subscribe+rate+leave us a review on Apple Podcasts and send us a screenshot of your review to be entered to win some cool prizes! Also, ps. Save the Date - May 26th, my newest book Loving Yourself Without Losing Your Cool officially comes out! Until next time friends! Do the hard things, and show up like you mean it! Without Losing Your Cool!

https://www.alainguillot.com/robin-taub/ Robin Taub is a keynote speaker and author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. Get the book here: https://amzn.to/3sz03H7

#003.  Today's guest is Robin Taub.  Robin and I talk about her latest book, The Wisest Investment.Robin and I talk about why it is important for parents to make time to teach their kids about money.  We discuss healthy habits of financial management that parents can model, why parents can struggle with spending and strategies to tracking our spending.  We talk about the importance of understanding our values and why we should communicate these to our kids.  And we get into practical strategies for teaching kids about money at different stages of childhood, from young children (5-8 yrs old) all the way to emerging adults (18+ yrs old) and how we can use teachable moments in our everyday lives to teach money lessons.  Show notes and more at:https://moneydadpodcast.com/session003

On the latest episode of The Tony Steuer Podcast, I spoke with Robin Taub, author of The Wisest Investment about why teaching your kids about money is the wisest investment.  Robin Taub is a professional speaker and author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent, and Money-Smart for Life. Robin is passionate about improving opportunities for women CPAs to advance into positions of leadership. From 2008 until 2017, she was a member, and then Chair, of the Chartered Professional Accountants of Canada's Women's Leadership Council.In this episode we discussed:- Her book ”The Wisest Investment”- The five pillars of money- How parents can be a good financial role model

As we all know, not all investments are equally exciting, but on today's show, we make the case that you should not put your money into an ETF just because it is trending. A thematic ETF is a fund that offers the opportunity to invest based on a particular theme, such as climate change or artificial intelligence. The concept behind investment themes is that they ostensibly offer investors the opportunity to participate in potentially disruptive trends with the idea of earning excess returns. The problem we find with these ETFs is that as the markets they are based on attract more attention and an influx of entrants, everybody's per-share earnings get reduced. By the time a themed ETF becomes investable, it experiences a mean reversion of prices and media sentiment, in contrast to the attractive returns shown in its backtested index. This means that while thematic ETFs are good business for the ETF providers, they do not create value for investors on average. Toward the end of our show, we invite Wes Gray from Alpha Architect to talk about their change from index to active ETFs and more. Wrapping up, Wes along with Robin Taub join us for a lively round of Talking Sense. Tune in today!

We have reached the end of another year, our third while doing this podcast. We are spending this episode on our customary year-end review, and we will be pulling segments from some of the great interviews we hosted over the course of 2021. In doing so, we hope to create a bit of summary of the year and the biggest lessons we all learned together. The podcast has continued to grow beyond our wildest expectations and we are so grateful to be on this journey with our ever-increasing community and audience. We touch on many themes in this recap, moving from general ideas about life, goals, happiness, abundance, and purpose, to more financial subjects of money values, retirement, and crypto, and then into the deeper technical aspects of investment such as value premiums, factors, bonds, and much more. We have tried our best to focus on the segments that we found most enlightening and that changed our perspective, and have highlighted them with reflections and commentary. So to hear it all, join us today, and we'll see you next year, for more of the Rational Reminder Podcast.   Key Points From This Episode:   Looking at some of the amazing numbers around the growth of our community. [0:02:37.2] A few shoutouts to the wonderful people who make this podcast possible. [0:04:27.8] Bill Schultheis on how to find and fund a good life. [0:08:34.5] Hal Hershfield's thoughts on making better decisions with your future wellbeing in mind. [0:10:44.3] Ashley Whillans on the relationship between time-poverty and wellbeing, and increased leisure time. [0:13:39.7] Jennifer Risher weighs in on the importance of performing meaningful work. [0:17:24.5] Robin Taub's family money value's from her book, The Wisest Investment: [0:20:04.1] Jennifer Risher's approach to managing money values at home. [0:22:27.7] Katy Milkman applies the central idea from How to Change to saving money. [0:23:22.7] Johanna Peetz on how to use the idea of a future self to reach a goal. [0:26:38.6] Paul Merriman shares his experiences of the relationship between money and a good life. [0:28:27.7] Adriana Robertson's legal perspective on the rise of index funds. [0:33:48.4] Jay Ritter on the question of market efficiency. [0:36:41.8] Hersh Shefrin's emphatic and nuanced advice about how to act in relation to the market. [0:38:20.3] John Cochrane on the shifting relative value of stocks. [0:39:43.3] Rob Arnott shares his thoughts on the drawbacks of cap-weighted indexing. [0:42:31.5] Antonio Picca on the drawbacks of a factor-based investment strategy. [0:47:01.6] John Cochrane on making decisions around owning value stocks. [0:48:10.7] Campbell Harvey talks about conditions for concentrated portfolios. [0:52:20.2] Bill Schultheis on tilting for factors versus sticking with market cap indices. [0:54:02.6] Adriana Robertson shares what the research tells us about the basis for investment decisions. [0:54:46.1] Hersh Shefrin on what really matters with regards to portfolio construction. [0:57:33.0] Antonio Picca on more active approaches and capturing premiums through rebalancing. [0:41:26.0] Brad Cornell explains the differences between a factor and a characteristic. [1:01:52.2] Rob Arnott, David Booth, and Antonio Picca weigh in on the question of value stocks at present. [1:04:22.6] Robert Novy-Marx's approach to cheap stocks and high profitability. [1:11:54.1] Dave Plecha on owning bonds today, in light of historically low interest rates. [1:15:12.0] Anna Lembke on how our daily and long-term decisions are influenced by dopamine. [1:18:20.0] Cullen Roche shares his thoughts on the future of market inflation. [1:22:57.2] Don Ezra's lessons for retirement and better preparation. [1:24:57.6] Anna Lembke on the results of increases in leisure time. [1:27:37.1] David Blanchett's thoughts on the evolving role of the financial advisor. [1:30:50.0] Don Ezra 'seven asset classes of life's abundance portfolio'. [1:33:42.9]

Are your kids money smart? This week we interview Robin Taub about how you can raise money smart kids. We discuss 11 financial habits that give them a good foundation in life, behavioral bias, a good age to start, the 5 pillars of monye and more. Dual Impact Funds is the sponsor of this episode. See https://moneytreepodcast.com/IQ-Dual-Impact-1 for more details. For more information, visit the show notes at https://moneytreepodcast.com/11-top-strategies-for-raising-money-smart-kids   Today's Panelists: Kirk Chisholm | Innovative Wealth Barbara Friedberg | Barbara Friedberg Personal Finance Megan Gorman | The Wealth Intersection   Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter: https://twitter.com/MTIPodcast  

Robin Taub returns to talk about her latest book, The Wisest Investment: Teaching your kids to be responsible, independent and money-smart for life. We chat about the common concerns parents bring up with Robin with respect to money and the financial decision making skills they want to empower their children with. We then dive into what parents can expect to learn from this quick, strategy-filled guide that includes chapters and tactics for children of all ages.To take advantage of Robin's special offer (mentioned at the end of the podcast), you can email her directly at books@robintaub.com.LINKSBuy the book: Amazon affiliate linkRobin's website: https://robintaub.com/Book website: https://www.thewisestinvestment.com/

The holiday season can be a great opportunity to teach young children money lessons including needs vs wants, the importance of saving and investing, and the power of giving. Bobbi talks with The Wisest Investment author Robin Taub, about the best ways to have those talks, and make an impact on your kids. For more information, visit the show notes at https://www.bobbirebell.com/podcast/robintaub

Today we are tackling the vitally important subject of financial literacy from the standpoint of parents wanting to educate their children. We have a true expert on the show today to help us with this discussion, and we cannot wait to share this highly actionable and impactful conversation with our audience. Robin Taub is a former CPA turned author, and her book, The Wisest Investment, approaches the need to educate children from an early age, and the best strategies that parents can use for this task. Robin previously worked at Citibank in derivatives marketing and brings the high-level expertise of accounting to her book and this episode of the podcast. We strongly support her perspective on financial education and believe the framework she discusses here and shares in her book is well worth any parent's time. In our conversation, we cover all the important bases; financial values, summer jobs, investment apps, human capital, and everything in between, so make sure to listen with us to hear it all.   Key Points From This Episode: Unpacking Robin's beliefs about the importance of financial education in the family. [0:02:55.2] Financial education in the Canadian schooling system; Robin weighs in on its success. [0:04:08.6] The assessment that parents can make about being role models to their children. [0:06:53.1] The communication of values through the process of teaching and learning. [0:09:01.8] Ideas for the appropriate time to start teaching kids about money. [0:11:40.5] Using teachable moments to begin the conversation about money. [0:14:35.3] Thoughts about allowances and best practices for parents. [0:18:09.7] The evolution of money conversations as children grow older; increasing sophistication over the years. [0:23:46.9] Benefits and considerations when introducing the concept of working for money. [0:27:30.3] How social media can impact young people's spending, and how to mitigate these effects. [0:31:26.2] Robin weighs in on the question of cellphones and when children should get one. [0:38:42.6] Increasing financial responsibilities as children grow older, and beginning the conversation about investments. [0:40:37.3] The impact of investment apps and how to minimize the damage they can do. [0:45:21.1] Teaching children about philanthropy and the importance of sharing. [0:47:04.6] Weighing up the idea of getting a financial advisor involved in your child's life. [0:49:27.3] The concept of human capital and how to approach it in your family. [0:50:51.1] Robin's thoughts on conversations about entrepreneurship. [0:54:48.6] Breaking the cycle of financial problems in a household that is struggling. [0:57:54.3] Minimizing entitlement in a family of greater financial means. [0:59:42.8] Reasons for the shift that Robin made from her career as a CPA to becoming an author. [1:03:30.1] Robin's personal definition of success; finding satisfaction in the important areas of life. [1:05:20.5]

Robin Taub has written a book: Raising Money-Smart Kids which is a practical guide that readers love! We distill her thoughts in our little chat ... given that November is Financial Literacy Month ... I hope that you enjoy it! This material is for informational purposes and is not a recommendation, offer or solicitation to buy or sell any securities, to provide tax or legal advice. The information and opinions are not guaranteed as to accuracy or completeness. Reliance upon information in this material is at the sole discretion of the listener. Investors should consult with their own advisors. The provision of investment management and investment advisory services is a regulated activity in Canada, subject to strict rules. For more information on the services offered by Justwealth, please refer to www.justwealth.com.

How can parents incorporate family values into the money conversations they're having with their kids? Robin Taub offers several strategies during her second appearance on The Art of Allowance Podcast. A Chartered Professional Accountant (CPA, CA) by training, Robin 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 an author and a professional speaker. Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart twenty-somethings. She is an avid cyclist, snowboarder, music lover and concert goer. I'm excited to welcome her back for a conversation about her new book, The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life.

This week I have a returning guest on the podcast! I'm joined for a third time by  who's here to share everything about her new book , an update to her bestselling book, . I was so happy to have Robin back on the show to share how her book aims to help parents and kids navigate the world since the pandemic hit. Robin is a Chartered Professional Accountant by trade, who then transitioned into real estate then derivative marketing at Citibank Canada. Robin is now a professional speaker and author, whose new book The Wisest Investment is for parents who are strapped for time but want to teach their kids to become responsible and money-savvy adults.  In this episode, we chat about everything from what age should we start getting kids interested in personal finance to where the best information for kids to learn is, and spoiler alert it's probably not TikTok. Since the world has changed dramatically in the past 18 months so has how we're handling our money, and how we should be teaching our kids about it. Robin is a big proponent of looking for teachable moments in our everyday lives and that learning with your child is one of the best ways to get them engaged and interested in personal finance.  For full episode show notes visit https://jessicamoorhouse.com/298

Robin Taub is a Chartered Professional Accountant by training, a professional speaker, and the author of The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. On this episode of CFO at Home, Robin and Vince discuss challenges for parents in educating their kids about money, having age appropriate conversations with kids about money, the importance of being a good financial role model for your kids, and more. Key Takeaways Challenges for parents when it comes to educating their children about money Lack of Knowledge Lack of Time Lack of Opportunity - Finding teachable moments in a natural, organic way Feeling like you're not good with money In order to be a good role model you have to gain control over your finances  Having age appropriate conversations with your kids about family finances focused on the “5 Pillars of Money” (Earn, Save, Spend, Share, Invest) can be helpful in getting them to see beyond their own needs and wants. Concepts that are relatable and taking place in their world. Examples: Pre-teens -  Spending, managing an Allowance High Schoolers - First Car, College costs and how they relate to family finances Give kids the opportunity to make money mistakes when the stakes are low (education with “training wheels” or “bumpers”) The introduction to earning their own money is pivotal in their financial education Teaching kids to balance spending and saving is a big challenge in part due to influences like Social Media that encourage consumption Our minds automatically make “upward social comparisons” (compare ourselves less favorably to those who have more), but resist doing the opposite, which makes it important for parents to model gratitude for their children Using your personal values to help guide financial decisions helps to internalize a valuable decision making process about money in your kids  Focus on helping your kids develop good money habits while they are young. Much easier to develop good money habits early than to re-learn them later  Knowing your cash flow Living within your means  Paying yourself first Having an emergency fund Having adequate insurance Knowing how to delay gratification Resources TheWisestInvestment.com RobinTaub.com Ways to contact/follow: RobinTaubFinancialConsulting - Facebook RobinTaub - Instagram RobinTaub - Twitter Contact the Host - vince@thecfoathome.com

Ontario is the latest province to update its' Grade 9 math curriculum to include financial literacy. Joining us to talk about an overview of what is being taught in schools is financial writer, speaker and author, Robin Taub. Find out more at robintaub.com and connect on Twitter, Facebook and LinkedIn.

Ways you can help other people make meaningful change with their money. Peter Bregman is the co-author of YOU CAN CHANGE OTHER PEOPLE: The four steps to help your colleagues, employees--even family--up their game. Then, a new app that uses rotational savings, in a group, to help you reach your financial goals and boost your credit. Jonah Chininga, founder and CEO of MICC Financial, tells us how it works. And, what's being done across Canada to teach kids about financial literacy in schools. Robin Taub, financial writer, speaker and author, tells us about it. Plus, knowing your rights as an investor. Professor Poonam Puri, co-founder and academic director of the Osgoode Investor Protection Clinic, tells us the top 4 things we need to look out for. And, we'll talk to Kara Perez, co-host of the Fairer Cents podcast. To find out more about the guests check out: Kara Perez: com | Facebook | Instagram | Twitter Peter Bregman: com | Facebook | Twitter | LinkedIn Jonah Chininga: app | Twitter(MICC) | Twitter(Jonah) Professor Poonam Puri: Osgoode Investor Protection Clinic | Twitter | Twitter (Professor Poonam) Robin Taub: com | Twitter | Facebook | LinkedIn Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn

In this week's episode we interview Robin Taub, the author of the Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. In the roundtable we discuss how our son Chase found a legal and easy solution to reduce his parking tickets rather than paying for a semester pass at college.  For the story of the week, we talk about "shrinkflation" which is selling a lesser amount food for the same price that is delivered with slight changes in packing. The result is that the consumer does not notice this.   Robin's Info: https://robintaub.com/ https://www.amazon.ca/Wisest-Investment-Responsible-Independent-Money-Smart/dp/1777448409/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1616420210&sr=8-1 Social Media    https://www.somethingonmymind.net/ https://www.instagram.com/somm.podcast/ https://www.somethingonmymind.net/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/@somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast

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

#77: Teaching financial literacy for kids may seem like a tall order…when considering that financial literacy even for adults is a national deficiency.But teaching kids about money is crucial if you want your kids to grow up financially responsible and independent.As a parent, you will have a strong vested interest in it, because if you fail at it you'll eventually pay the consequences (literally), e.g., if your adult kid can't support themselves and move out of the house.And early retirement? You can probably kiss that goodbye if your kid is financially reckless.So, instilling good financial education for your kids is a wise investment…maybe even the wisest investment.This week, I spoke with Robin Taub, author of the book “The Wisest Investment,” about how to instill financial literacy for children. We discuss strategies, role modeling, and techniques for teaching personal finance and money lessons to your kids.What you'll learn:Why teaching kids about money is hardWhat financially well-educated kids have in commonThe right age to start teaching kids about money in earnestThe crucial money lessons kids at each maturity level should know to have healthy skills, habits, and mindsets about moneyRobin's core framework for teaching kids about moneyCommon mistakes parents make when teaching their kids about money, and the most effective role modeling parents can do to successfully teach their kids about moneyHow to get kids to become self-motivated to learn about money, saving, investing, and budgetingHow parents can create teachable moments in daily life and turn them into money lessons for their kidsHow to answer awkward questions like “how rich are we” and “how much money does our family make”How parents can help teach their kids to embrace impulse control and delayed gratification when it comes to moneyGuidelines for paying kids an allowance or paying kids to do choresHow to teach kids about budgeting (and when it's age appropriate)For affluent families: how to make sure your kids don't take money for granted or become spoiled entitled bratsWhat methods have you found to be effective when it comes to teaching your kids about money? If your kids are self-motivated to learn about personal finance – earning, budgeting, saving, investing – how did you get them to be self-motivated? Let me know by leaving a comment.Don't miss an episode, hit that subscribe button...If you liked this episode, be sure to subscribe so you don't miss any upcoming episodes!Apple PodcastsOvercastSpotifyI need your help, please leave a listener review :)If you liked this episode, would you please leave a quick review on Apple Podcasts? It'd mean the world to me and your review also helps others find my podcast, too!Related links:The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for LifeRobin Taub9 Crucial Money Lessons Your Kids Must Learn to Succeed as Adults (HYW027)Schedule a private 1:1 consultation with meHYW private Facebook communityIntro/Outro: Old Bossa by Twin Musicom.

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 the author of The Wisest Investment, an update of the bestselling A Parent's Guide to Raising Money-Smart Kids. In this episode, Robin discusses how you can open up the conversation around money with your children and the young adults in your life. Listen in as she breaks down the five pillars of money and how to meet young people at any age with the right information. You will learn why Robin believes money is such a taboo topic, as well as what a tax-free savings account is and how you can use that to build your wealth. “Kids want to learn from their parents.” - Robin Taub This Week on Young Money: A day in the life of Robin Taub. How to teach your kids to be responsible with money. What Robin calls the five pillars of money. The importance of checking the credibility of the information you're consuming. The benefit of using a tax-free savings account. How to find a cause you care about and how this can benefit you in your career. Key takeaways: Do your homework. Education is key. Become tax literate. Be aware of fraud. Give back. Connect with Robin Taub: Website LinkedIn Facebook Twitter The Wisest Investment by Robin Taub Resources Mentioned: The Grumpy Accountant by Neal Winokur EP049 5 Questions to Answer Before Getting a Credit Card Young Money Scholarship Tracey Bissett – Money Coach Youtube Channel  This episode is powered by the Cash Control Bootcamp Has this episode inspired you about your business? To start a new venture or take yours to the next level requires you to understand your cash flow cycle, how to manage it, profitably price your products and services, have those difficult conversations with stakeholders and so much more. To help you learn those critical skills I have developed the Cash Control Bootcamp - a live, online group program that empowers entrepreneurs just like you to demystify your business finances and get control of your money so you can sleep better and provide the lifestyle you want for you and your family. Check out all the details here. Enrolment is now open for The Cash Control Bootcamp - Know Your Numbers, Protect your Business and Grow for the Future - Register here today.  Rate, Share & Inspire Other Young Millionaires-in-the-Making  Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week's episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don't forget to share your favorite episodes on social media!  Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Is there any point in teaching a kid in Grade 10 mortgage amortizations?  And if you as a parent aren't a money expert, isn't it counter productive for you to try to explain money to your kid? Robin Taub is a Chartered Professional Accountant and author of the just released book The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life, and she says that teaching kids money management is very important, and on today's podcast she gives practical examples of how to empower your children and help them learn about money management (in a post-pandemic world) in a clear and simple way, no matter how old they are.   Related Links: Robin's Book: The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life on Amazon: https://amzn.to/3hhPnbh The Wisest Investment website: https://www.thewisestinvestment.com/ Robin Taub’s website: https://robintaub.com/ Robin Taub on Twitter: https://twitter.com/robintaub Robin's first appearance on Debt Free in 30: Podcast 23 - The Importance of Teaching Kids That Money Matters: https://www.hoyes.com/blog/the-importance-of-teaching-kids-that-money-matters/

We talk to author, Robin Taub, about her book The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life which has been updated for these unprecedented times. Find out more at thewisestinvestment.com and robintaub.com. Connect with Robin on Twitter, LinkedIn and Facebook.

You don’t need billions to fly like a billionaire: Glenn Gonzales, CEO of Jet It, tells us how much it costs to hire your own plane.  Moving to the big city? Sheryl Song and KD Dao tell us about their rental provider for women called Ryna.  Then, including your digital assets in your estate plan. Melanie McDonald from BMO Trust Company shares her tips.  Plus, Robin Taub’s new book, The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life. And, all you need to know about Personal Pension Plans, with Jean-Pierre Laporte from INTEGRIS Pension Management Corp. To find out more about the guests check out: Jetit : ca | Twitter | Facebook | Instagram BMO: com | Twitter | Facebook Ryna: com | Facebook | TikTok Robin Taub: com | robintaub.com | Twitter | LinkedIn | Facebook INTEGRIS: integris-mgt.com | LinkedIn | Twitter Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple.  Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn  

Does the tried-and-true three-jar system have room for two additions? Robin Taub makes the case for "Earn" and "Invest" to join the traditional "Share," "Save" and "Spend Smart" jars during this episode of The Art of Allowance Podcast. Robin is a financial writer, speaker and consultant. A Chartered Professional Accountant (CPA, CA) by training, Robin is also the best-selling author of Raising Money-Smart Kids: How to Teach Your Kids about Money While Learning a Few Things Yourself, a book that gives parents the information and skills they need to teach their kids about money. Robin has held professional positions in both audit and taxation at two of Canada's largest accounting firms, and spent five years in the complex world of Derivatives Marketing at Citibank Canada. She is also passionate about improving opportunities for women CPAs to advance into positions of leadership. From 2008 until 2017, she was a member, and then Chair, of the Chartered Professional Accountants of Canada's Women's Leadership Council. A proponent of lifelong learning, Robin also participated in the Canadian Board Diversity Council's Director Education Program. She has two mostly money-smart kids and lives in Toronto.

Robin Taub is a financial writer, speaker and consultant. A Chartered Professional Accountant (CPA, CA) by training, Robin is also the best-selling author of Raising Money-Smart Kids: How to Teach Your Kids about Money While Learning a Few Things Yourself, a book that gives parents the information and skills they need to teach their kids about money. In my interview with Robin, we discuss some of the issues to consider when deciding to renovate or move, what COVID-19 may mean for the future of housing and personal finance as it relates to affordability.

Author, speaker, and consultant Robin Taub joins me to talk about a new report put out by CPA Canada that investigates how individual personality, as well as socio-economic factors like age, income and education, play an important role when it comes tofinancial habits and knowledge

This bonus episode features special guest, Michael Loeb, legendary entrepreneur, business trailblazer, avid philanthropist and the founder and current CEO of Loeb.nyc. Under Michael’s visionary leadership, Loeb.nyc boasts a portfolio of over 18 direct investments and has established a new model for startup investments—significantly de-risking startup launches by pairing passionate founders with exceptional strategic and executional talent. As a devoted humanitarian, Michael sits on the boards of several prominent non-profit organizations. Michael has overcome various hurdles in his business life to become one of the most respected entrepreneurial minds of our generation. Join us as he shares his unique story and the challenges he faced, and overcame, that have molded him into the revered leader that he is today. Life’s tough— Entrepreneur Michael Loeb says “Embrace Challenges!” Please join host, Dustin Plantholt, and co-hosts Robin Taub, PhD and Brian Mark Weber, as we hear about Michael’s life journey and how we can learn from his successes and how he has surmounted hurdles so we can apply similar strengths and determination to our own lives. Life’s Tough—but YOU can be Tougher.

If you’re a long-time listener of the Mo’ Money Podcast, you’ll remember when I had Robin Taub on for episode 32 to talk about her book A Parent’s Guide to Raising Money Smart Kids. Well, that was a few years ago now so I thought it was time to have her back on the show, but to talk about something very different. As I mentioned at the beginning of the show, we bumped into each other at Melissa Leong’s book launch for Happy Go Money and started talking about the different ways both genders think, talk and manage money. It’s a subject that Robin has been researching quite a bit lately, and one that I thought would make for a great conversation on the podcast since gender roles is a fairly hot topic right. As humans, we all deal with money differently from one another. As the saying goes, personal finance is personal so there’s really no such thing as a one-size-fits-all financial solution. But, not only do we deal with money different as individuals, there’s a lot of research to indicate striking differences between how men and women handle money. Here’s one of the studies that Robin mentions in the podcast by CPA Canada: The impact of personality traits: a fresh look at gender differences in financial literacy What much of the research shows is that women tend to be more risk averse or risk conscious, we struggle with financial confidence, and we tend to be better investors than men. We chat about all this and more in the episode, so enjoy! For full episode show notes visit https://jessicamoorhouse.com/191

We talk to financial expert Robin Taub about the findings from a new study done by CPA Canada and is there really a gender financial gap or is it more a personality gap.

  We love teaching kids about money on “The Money JAR”, but as parents we often need help knowing how to do it. Evan and Todd discuss how parents can improve their financial literacy and teach their children with confidence with Robin Taub, financial consultant and author of "A Parent's Guide to Raising Money Smart Kids".  You can learn more about Robin and her work at www.robintaub.com and follow her at @robintaub

I talk with financial consultant, public speaker and author Robin Taub about her book "A Parent's Guide to Raising Money-Smart Kids" and what advice she would give to parents about teaching their kids about personal finance at any age. Long episode description: I was lucky enough to meet Robin Taub at the Canadian Personal Finance Conference in Toronto this fall, and I’m so glad I did. She spoke at the conference about how she penned and published her best-selling book A Parent’s Guide to Raising Money-Smart Kids and how she went from chartered accountant to public speaker, author and personal finance media spokesperson. Although I don’t have kids (and don’t plan on starting a family for a few years yet), raising money-smart kids is one topic I knew I needed to cover on the podcast. I think for all of us to become smarter with our money, we need to be educated about it. And the sooner we learn the fundamentals of personal finance in life, the better chance we have at becoming successful and financially stable adults. I know for a fact then when I do have kids, I don’t want money to be a taboo subject. I want us to talk about it openly so they will have all the facts before they head off to college. We talked a lot about Robin’s book in this episode, largely because she outlined how to teach your kids about money so well. She talks about what to talk about to your kids at different ages and how this personal finance education can truly empower your kids and give them confidence. Like I said at the start of this episode, I highly recommend this book to anyone who is a parent or is planning to be. You can buy the book online or check it out at your local library. Shownotes: jessicamoorhouse.com/32

Today we answer the question: is all debt bad, or is there such a thing as good debt? Our first guest is Par Foran from the CTV Television Network who gives his opinions (and not surprisingly he doesn’t believe that borrowing for a vacation is good debt). Our second guest is Robert Brown, author of Wealthing Like Rabbits, who has a very interesting take on good-bad debt and bad-good debt.  Listen carefully; it’s a brilliant concept. Robin Taub, CPA, returns to give her thoughts, and in the Let’s Get Started segment Dr. Lee Anne Davies rounds out the discussion with her thoughts.   Did we answer the question?  You be the judge.

Our guest today is Robin Taub, a Chartered Professional Accountant, financial literacy consultant, public speaker, blogger, and author of The Parent's Guide to Raising Money-Smart Kids. Robin discusses why it's so important to teach children about money, the challenges that parents face, and solutions for getting started.   Money management isn't always easy and teaching it to someone else can be just as difficult.  There are many reasons that discussions about money might not take place, but it's important to overcome those challenges and make it a priority. In Robin's book she explains that challenges include a lack of knowledge by parents, not knowing how to approach the topic, limited opportunities to talk about money, or parents might not be good at money management themselves.