Launching Financial Grownups - Live Your Richest Life By Helping Your Almost Adult Kids Become

Learn how to give the young adults in your life the knowledge, confidence, and motivation to make adult money decisions, and create their own strong financial foundation and independence, so you can all live richer lives.
 
In Launching Financial Grownups, popular personal finance expert and Certified Financial Planner Bobbi Rebell gets candid about the very real-life challenges of getting young adults to choose to be financial grownups and develop their own financial foundation and security. She shares her own personal setbacks and solutions (both from her own past, and as a parent), and walks readers through the ups and downs of financial adulting milestones. Rebell has put together a practical and specific adulting launch plan for parents of young adults along with tips on how to open money discussions, the questions to ask your children, the most effective listening strategies, when to step in to stop them from making mistakes, and when to let them learn from their mistakes.
 
Launching Financial Grownups provides the tools to help your teen or young adults navigate the challenges of adulthood including debt, credit cards, peer pressure that leads to bad money decisions, negotiations, how to manage their own household, different investing opportunities, insurance needs, charitable giving, the legal documents they need to have in place in case of an emergency, what they need to know about your finances and even starting to think about their retirement planning. All this while also addressing recent demographic trends driven by the pandemic including young adults moving back into their childhood homes, and becoming financially dependent, after having been independent.
 
Launching Financial Grownups offers:
* Solutions for parents who want to avoid 'cutting off' their kids at a seemingly arbitrary age or life milestone and are looking for more supportive solutions to get their young adults to be well adjusted financial grownups.
* Strategies for parents to protect their own financial well-being and retirement resources.
* Advice from top parenting and money experts including "How to Raise an Adult" author Julie Lythcott-Haims, "The Price You Pay for College" author Ron Lieber, "Grown and Flown" co-author Mary Dell Harrington, Tori Dunlap of "Her First 100K", "How to be a Happier Parent" author KJ Dell'Antonia, Tonya Rapley of My Fab Finance and Jean Chatzky, author and CEO of HerMoney Media
 
Essential for the parents, grandparents, aunts, uncles, friends and everyone who is vested in the financial success and independence of young adults, Launching Financial Grownups is a must-have financial resource for long-overdue and timeless advice in an engaging and supportive package.

List of contents

Foreword vii
 
Preface xi
 
Introduction 1
 
Section 1: Prerequisites 9
 
Chapter 1 Orientation 11
 
Chapter 2 The Family Ecosystem 23
 
Chapter 3 Blind Spots 31
 
Section 2: Core Curriculum 43
 
Chapter 4 D Is For Debt 45
 
Chapter 5 Career Foundations 57
 
Chapter 6 Homeroom 69
 
Chapter 7 (Lifestyle) Inflation 77
 
Section 3: Graduate Studies 83
 
Chapter 8 Exit Strategy: Getting Your Kids To Pay Their Own Bills 85
 
Chapter 9 Paycheck 101 97
 
Chapter 10 Jobs with Benefits 105
 
Chapter 11 Grownup Investing 125
 
Chapter 12 Grownup Home Economics 139
 
Section 4: Electives 149
 
Chapter 13 Generosity 151
 
Chapter 14 Driver's Ed 155
 
Chapter 15 Cultural Studies 163
 
Section 5: Exmissions 171
 
Chapter 16 Til Death Do Us Part 173
 
Chapter 17 Stepping Back: A Parental Pep Talk 183
 
Epilogue 191
 
Notes 197
 
Acknowledgments 199
 
About the Author 201
 
Index 203

About the author

BOBBI REBELL, CFP^® is a financial literacy advocate and journalist. She is a speaker, conference host, and moderator, and works as a spokesperson for brands aligned with her values. Bobbi is also the host of the critically acclaimed Money Tips for Financial Grownups podcast, which has more than 700,000 downloads. In 2021 she launched a new venture, GrownupGear.com as a fun way to promote adulting and being a financial grownup. Earlier in her career Bobbi was a global business news anchor and personal finance columnist at Reuters and held various journalist positions at top news outlets including CNBC, CNN, and PBS. Bobbi is a graduate of the University of Pennsylvania and received her Certificate in Financial Planning from New York University. Her first book How to be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom was released in 2016. She lives in New York City with her family.

Summary

Learn how to give the young adults in your life the knowledge, confidence, and motivation to make adult money decisions, and create their own strong financial foundation and independence, so you can all live richer lives.

In Launching Financial Grownups, popular personal finance expert and Certified Financial Planner Bobbi Rebell gets candid about the very real-life challenges of getting young adults to choose to be financial grownups and develop their own financial foundation and security. She shares her own personal setbacks and solutions (both from her own past, and as a parent), and walks readers through the ups and downs of financial adulting milestones. Rebell has put together a practical and specific adulting launch plan for parents of young adults along with tips on how to open money discussions, the questions to ask your children, the most effective listening strategies, when to step in to stop them from making mistakes, and when to let them learn from their mistakes.

Launching Financial Grownups provides the tools to help your teen or young adults navigate the challenges of adulthood including debt, credit cards, peer pressure that leads to bad money decisions, negotiations, how to manage their own household, different investing opportunities, insurance needs, charitable giving, the legal documents they need to have in place in case of an emergency, what they need to know about your finances and even starting to think about their retirement planning. All this while also addressing recent demographic trends driven by the pandemic including young adults moving back into their childhood homes, and becoming financially dependent, after having been independent.

Launching Financial Grownups offers:
* Solutions for parents who want to avoid 'cutting off' their kids at a seemingly arbitrary age or life milestone and are looking for more supportive solutions to get their young adults to be well adjusted financial grownups.
* Strategies for parents to protect their own financial well-being and retirement resources.
* Advice from top parenting and money experts including "How to Raise an Adult" author Julie Lythcott-Haims, "The Price You Pay for College" author Ron Lieber, "Grown and Flown" co-author Mary Dell Harrington, Tori Dunlap of "Her First 100K", "How to be a Happier Parent" author KJ Dell'Antonia, Tonya Rapley of My Fab Finance and Jean Chatzky, author and CEO of HerMoney Media

Essential for the parents, grandparents, aunts, uncles, friends and everyone who is vested in the financial success and independence of young adults, Launching Financial Grownups is a must-have financial resource for long-overdue and timeless advice in an engaging and supportive package.

Product details

• Authors: David Bach, Rebell, B Rebell, Bobbi Rebell, Rebell Bobbi
• Assisted by: David Bach (Foreword), Bach David (Foreword)
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 31.03.2022
• EAN: 9781119850069
• ISBN: 978-1-119-85006-9
• No. of pages: 224
• Subjects: Guides > Law, job, finance; Natural sciences, medicine, IT, technology > Mathematics; Social sciences, law, business > Business > Business administration; Ratgeber, Self-help, Private Finanzplanung, Finance & Investments, Finanz- u. Anlagewesen, Personal Finance / Financial Advising, Private Finanzen / Beratung