Ep #87 - The wisest investment: raising money-smart kids, with Robin Taub, CPA Artwork

beyond MD with Dr. Yatin Chadha

beyond MD bridges the gap between medical training and financial literacy.

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Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.

Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.

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beyond MD with Dr. Yatin Chadha

Ep #87 - The wisest investment: raising money-smart kids, with Robin Taub, CPA

March 20, 2025 • Season 1 • Episode 87

Today's interview features best selling author, Robin Taub. Robin's book is The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life

Robin is CPA by training & started her career at KPMG, pivoted into real estate, & then entered the complex world of derivatives marketing at Citibank Canada. Today, she’s a keynote speaker & award-winning author.

Robin lives in Toronto, where she and her husband have raised two (mostly) money-smart young adults. She loves to snowboard, cycle &go to concerts (she even got backstage once and met Bruce Springsteen).

This episode is full of tips & stories relevant to parents with children of all ages.

Discussion Points:

- Robin's background (3:23)

- how to answer early questions about money (8:10)

- are cash and piggy banks still a good idea? (11:22)

- how parents can teach their kids - anchoring on values (15:40)

- the marshmallow test, delayed gratification, & SMART goals (19:45)

- allowance systems (24:15)

- when to open a bank account for kids (27:35)

- teachable moments (28:35)

- budgeting - a good idea? (32:30)

- what can kids learn from getting a job? (37:25)