Robin Taub: How To Teach Your Kids About Money | The Wealthy Barber Podcast #2

Our guest this episode is Robin Taub—a financial educator focused on helping parents teach their kids to be responsible, independent and money-smart for life through her award winning book “The Wisest Investment” and public speaking engagements.

In this episode we discuss all things parents should know when teaching their kids about money, from allowances, to piggy banks, to how much kids should save, and much more. You’ll enjoy this discussion with Robin Taub.

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Show Notes:
00:00 Introduction
01:11 How Do You Teach Kids About Money?
07:38 Allowances
11:41 Robin’s Book & Framework
15:52 Teaching Kids About Investing
18:55 People Are Having Fewer Kids
20:00 Young People More Affected by Inflation
22:42 Piggy Banks
24:04 Spending in the Digital Era
26:01 “Cooling-Off” Periods
27:25 How Much Kids Should Save
28:59 Grandparents More Financially Involved Now
31:58 Biggest Money Mistakes Parents Make
35:08 Money Stress is the Worst Stress
37:14 The Importance of Sharing
41:09 Dave & Robin’s Kids
45:01 Other Resources for Parents
47:08 Conclusion

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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.