Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart

Summary

In Launching Financial Grownups, popular personal finance expert 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 listeners through the ups and downs of financial adulting milestones. Rebell has put together a practical 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, and even starting to think about their retirement planning. It also addresses recent demographic trends driven by the pandemic, including young adults moving back into their childhood homes, and becoming financially dependent after having been independent.