How Parents Can Strengthen Their Kids’ Money Muscles

piggy-bank

I don’t think parents should invest money for their kids. 

I don’t think they should give their kids money towards a car. 

I don’t think they should “help” their kids with a downpayment on a home.  Sound too hard core?

In today’s Globe and Mail, I explained why such generosity does more damage than good.

Image from Pixabay

Article available via PressReader.com

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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