Preparing the Next Generation

On March 26th, we hosted a financial literacy webinar discussing tools and strategies to prepare your kids for the future - to steward and protect your family’s wealth legacy. In this webinar, our own Elvis Henrique (Senior Wealth Planning Specialist, Elinesky Schutt Private Wealth) and colleague Stephanie Dean (Manager, Financial Literacy, RBC Wealth Management Family Office Services) discussed several core questions around preparing the next generation, and shared resources, insights, and recommendations for how to approach and prepare their children.

You can watch a replay of the webinar below, together with a list of all the resources mentioned in the webinar at the bottom of this page:

Financial literacy resources to help prepare the next generation:

Books recommendations:

Young kids (age 5-9)
- Rock, Brock and the Savings Shock
- Alexander Who Used to be Rich Last Sunday
Kids (10-13+)
- From Piggy Banks to Stocks: The ultimate guide for the young investor, by Maya Corbic
Young teens (13-16)
- A Rich Future: Essential financial concepts for youth, by Noah Booth
Older teens (16+)
- Seventeen to Millionaire, by Douglas Price
Adults/young adults
- Money Like You Mean It, by Erica Alini
- The Wealthy Barber and The Wealthy Barber Returns, by David Chilton
- The Psychology of Money, by Morgan Housel
Parents & High-net-worth perspective:
- The Wisest Investment: Teaching your kids to be responsible, independent, and money-smart for life, by Robin Taub
- Wealth of Wisdom, by Tom McCullough and Keith Whitaker
- Raised Healthy, Wealthy, and Wise, by Coventry Edwards-Pitt