Teaching Financial Independence to Your Young Adult Children
We need to stop just pulling people out of the river. We need to figure out why they're falling in in the first place.
Ever find yourself frustrated by your young adult's lack of financial responsibility? You're not alone. In this episode of 'Hard Money Talks', host Lauren Greutman sits down with Bobbi Rebell, a Certified Financial Planner™ and author of 'Launching Financial Grownups'. Together, they tackle the tricky topic of guiding young adults towards financial independence. From the impact of the gig economy on young people’s finances to practical tips for setting boundaries and building credit, this conversation covers it all.
Lauren and Bobbi dive into the psychological reasons behind why some young adults struggle with money management. They explore how parents can help their children develop a healthier relationship with money. If you're a parent feeling overwhelmed by your child's financial dependency, this episode offers actionable advice and insights to help you foster their financial maturity. With relatable anecdotes and expert guidance, this episode provides a compassionate yet straightforward approach to addressing these common challenges.
Whether your child is refusing to get a job or just can't seem to manage their budget, you'll find valuable strategies to encourage them towards financial independence. Tune in for a blend of empathy, humor, and practical advice that can make a real difference in your family's financial future.