Today’s guest is Robin Taub. On today’s show, I have a great conversation with Robin and we discuss her latest book, The Wisest Investment.
Robin Taub is a Chartered Accountant by training. She began her career working for one of Canada’s largest accounting firms, transitioned into real estate, and then landed in the world of derivatives marketing. Today’s she is a professional speaker and author of the book “The Wisest Investment”, an update of her bestselling book “A Parent’s Guide to Raising Money-Smart Kids”. Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart kids.
- Visit thewisestinvestment.com for free Role Model Self-Assessment
- Purchase Robin’s latest book [Amazon affiliate link]
- Visit robintaub.com to setup speaking engagements or for further resources
- Why now was the perfect time to do an update on her original bestseller
- Why parents need to make time to teach their kids about money
- The 11 healthy habits of financial management that parents can model
- Why parents struggle with spending and what is contributing to overconsumption
- Why paying yourself first is a key habit
- Strategies to track our spending so that we can make better financial decisions
- How important it is for parents to understand what their values are and why we should communicate these to our kids
- Practical strategies for teaching kids about money at different stages of childhood and money concepts on the 5 pillars of money
- Examples to teach young children (5-8 years old) to develop their awareness and understanding of money
- The benefits to having your teens/emerging adults prepare their own tax returns
- How parents can use teachable moments in their day-to-day lives to teach money lessons
- Strategies parents who do not feel comfortable talking about money or do not have a handle on their own finances can use as they teach their kids
- How allowances can be used as a financial learning tool and why we are depriving them of the opportunity for hands-on experience if we are not using it
- Examples that parents can turn to help their kids learn about investments
- How parents can help their kids set financial goals
- When kids are ready to learn about sharing with money and the best ways to incorporate sharing with money
- Visit robintaub.com to download free Values Validator Quiz to determine top 5 values and Goal Setting Worksheets
- Multi-slot piggybank by MoneySavvy
- Cashflow Boardgame for adults and kids
- Monopoly Boardgame [Amazon affiliate link]
- Registered Education Savings Plan
- Echoage | website for e-invitations, group gifts and charitable giving
- Canada’s first soup bank, Soup Sister’s
- Out of the Cold Foundation
- Liar’s Poker by Michael Lewis
- Howard Marx, Oaktree Capital “You can’t predict, you can only prepare”
- Follow and tag moneydadpodcast on Instagram to comment on topics and ideas discussed during the episode that resonated with you
Thanks for listening!
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Thanks to Robin for joining me this week!
Make sure to listen to “Episode 001: Welcome to the MoneyDad Podcast!” as well as “Episode 002: Make Money and Investing Fun for Kids with Hasina Lookman”!