Description
Book SynopsisLearn 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 the
Table 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
