The Wealthy Barber Podcast

In this engaging conversation, Jessica Moorhouse, a Canadian personal finance expert and host of the More Money Podcast, shares insights on how emotions and childhood experiences shape our financial habits. She discusses the detrimental effects of biases, including status quo and overconfidence, particularly in young men. Jessica highlights the urgency for women to embrace investing and stresses the importance of focusing on what you can control financially. With her upcoming book, she aims to demystify financial freedom and encourage healthier money relationships.

In this discussion, Rob Carrick, a renowned personal finance expert from The Globe and Mail, shares insights from over three decades of experience. He highlights the growing financial support from parents to adult children and the impact of social media on spending habits. The conversation touches on the challenges of rising costs for families and seniors, the need for mindful retirement planning, and the benefits of First Home Savings Accounts. Carrick's perspective adds depth to the evolving landscape of Canadian personal finance.

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

In this enlightening talk, Preet Banerjee, a renowned financial educator and author, dives into the nuances of Canadian personal finance. He shares his research findings on financial advice accessibility and the pitfalls many young Canadians face today. The discussion covers critical topics like the differences between RRSPs and TFSAs, the emerging FHSAs, and the pros and cons of active versus passive investing. Preet also sheds light on the impact of lifestyle inflation and the challenges of navigating group RSPs, offering practical insights for better financial outcomes.

The Wealthy Barber is back! Dave Chilton has spent over 35 years demystifying personal finance, offering understandable, unbiased, and actionable advice that has empowered millions of Canadians to achieve their financial goals. Now, he’s bringing that same wisdom to your favourite podcasting platforms, with regular episodes designed to make personal finance simple, relatable, and yes, even entertaining.