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

by Bobbi Rebell (Author), David Bach (Foreword by)

Learn 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 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, what they need to know about your finances and even starting to think about their retirement planning. All this while also addressing recent demographic trends driven by the pandemic including young adults moving back into their childhood homes, and becoming financially dependent, after having been independent.

Launching Financial Grownups offers:

• Solutions for parents who want to avoid 'cutting off' their kids at a seemingly arbitrary age or life milestone and are looking for more supportive solutions to get their young adults to be well adjusted financial grownups.
• Strategies for parents to protect their own financial well-being and retirement resources.
• Advice from top parenting and money experts including "How to Raise an Adult" author Julie Lythcott-Haims, "The Price You Pay for College" author Ron Lieber, "Grown and Flown" co-author Mary Dell Harrington, Tori Dunlap of "Her First 100K", "How to be a Happier Parent" author KJ Dell'Antonia, Tonya Rapley of My Fab Finance and Jean Chatzky, author and CEO of HerMoney Media

Essential for the parents, grandparents, aunts, uncles, friends and everyone who is vested in the financial success and independence of young adults, Launching Financial Grownups is a must-have financial resource for long-overdue and timeless advice in an engaging and supportive package.

Front Jacket

Launching Financial Grownups is a call to action for parents, grandparents, and other stakeholders in the lives of young adults to take their rightful place educating the next generation about the practical realities of money at the time it is needed most: the transition into adulthood.

The Covid-19 pandemic amplified an already emerging trend of extended childhood as many young adults moved back into their parent's homes. The milestones of adulthood have been shifting later in life as new cultural and economic trends emerge. Heavy student debt, the economy, healthcare, social pressures and expectations, and more make it harder for young people to reach their economic and lifestyle goals and have well-intentioned parents wanting to step in and help. After all, many parents are of the so-called "helicopter parent" mentality, and as their kids move into their late teens and early 20's, continue to smooth the way, often by adding financial support. But what happens when that help puts the older generation's economic security and retirement, in jeopardy? And how would the young adults manage their money if their parents were no longer their safety net?

Popular personal finance expert and Certified Financial Planner Bobbi Rebell offers specific advice and information for parents and other stakeholders, and walks them through not only what to discuss with their young adults, but also the best ways to bring up topics including budgeting, debt management, investing, saving, insurance, career choice, corporate benefits and peer spending pressure. The book offers insights from top parenting and financial experts and well as personal stories and examples from everyday parents as well as the author herself. Launching Financial Grownup readers will walk away more confident in both themselves and in the next generation.

Back Jacket

A PRACTICAL ROADMAP TO RAISING FINANCIALLY RESPONSIBLE YOUNG ADULTS

"In Launching Financial Grownups Bobbi solves the problem all of us parents have: How to take the money lessons we teach our little ones to the real-life practical grownup money strategies our kids need as they move into adulthood and the stakes get real. Everyone with a teen or young adult in their life needs this book."
--FARNOOSH TORABI, Host, So Money Podcast

"Parenting is harrrd (with all the Rs!) and figuring out how much to step in when life gets complicated for our kids can feel overwhelming. Launching Financial Grownups does an amazing job of giving adults the strategies and confidence to let go--just the right amount, at just the right time."
--MEAGHAN MURPHY, Editor in Chief, Woman's Day and Author, Your Fully Charged Life

"The ultimate solution for parents who want their grown kids to successfully move into their own home. Bobbi explains how to prepare your teens and young adults before they buy or rent, the cost of setting up a first home, and strategies to figure out the best ways to support their independence."
--KIRSTEN "KJ" JORDAN, Star of Bravo's Million Dollar Listing New York

"Launching Financial Grownups gives parents a values-based approach to helping their young adult kids make their own career and workplace choices. By considering benefits like professional development, wellness, and coaching, Bobbi provides a roadmap for parents on what to review with their kids in their first jobs, when to step in to help, and when to let go and let them figure it out for themselves."
--ERICA KESWIN, Author, Bring Your Human to Work and Rituals Roadmap

This is the book I wish I'd had to help my children on their way to financial adulthood. Bobbi Rebell's smart, practical, compassionate guide is essential reading for any parent eager to launch their kids on the road to success without sacrificing their own financial security. Highly recommend!
--DIANE HARRIS, Deputy Editor in Chief of Newsweek

Author Biography

BOBBI REBELL, CFP^(R) is a financial literacy advocate and journalist. She is a speaker, conference host, and moderator, and works as a spokesperson for brands aligned with her values. Bobbi is also the host of the critically acclaimed Money Tips for Financial Grownups podcast, which has more than 700,000 downloads. In 2021 she launched a new venture, GrownupGear.com as a fun way to promote adulting and being a financial grownup. Earlier in her career Bobbi was a global business news anchor and personal finance columnist at Reuters and held various journalist positions at top news outlets including CNBC, CNN, and PBS. Bobbi is a graduate of the University of Pennsylvania and received her Certificate in Financial Planning from New York University. Her first book How to be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom was released in 2016. She lives in New York City with her family.