We know that increased cost of living, low wages, and unstable employment trends challenge a lot of young adults trying to establish financial independence. Financial Enabling stems from the intention to help someone in the short term, but ends up hurting both parties in the long run. While it is not exclusive to the parent/child dynamic, it is very common to observe it in such instances, particularly when guilt drives parents’ decisions to support their kids while sabotaging their own financial health. In this episode, we explore this dysfunctional behavior and offer some tools to help navigate it. . Thank you to our sponsor RBC InvestEase™. Backed by expert human advisors, RBC InvestEase™ is a smart online automated investing service that allows you to invest with low effort and low cost. Open your first RBC InvestEase™ account and pay no management fees for your first year. Plus, start investing with as little as $100. Simply visit https://www.rbcinvestease.com/ to sign up and use Promo Code AA407. . Thank you to our sponsor CPP Investments, who manage a resilient, globally diversified portfolio to help ensure the Canada Pension Plan is there for generations to come. Learn more about their work here: https://www.cppinvestments.com/
We know that increased cost of living, low wages, and unstable employment trends challenge a lot of young adults trying to establish financial independence. Financial Enabling stems from the intention to help someone in the short term, but ends up hurting both parties in the long run. While it is not exclusive to the parent/child dynamic, it is very common to observe it in such instances, particularly when guilt drives parents’ decisions to support their kids while sabotaging their own financial health. In this episode, we explore this dysfunctional behavior and offer some tools to help navigate it.
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Thank you to our sponsor RBC InvestEase™. Backed by expert human advisors, RBC InvestEase™ is a smart online automated investing service that allows you to invest with low effort and low cost. Open your first RBC InvestEase™ account and pay no management fees for your first year. Plus, start investing with as little as $100. Simply visit https://www.rbcinvestease.com/ to sign up and use Promo Code AA407.
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Thank you to our sponsor CPP Investments, who manage a resilient, globally diversified portfolio to help ensure the Canada Pension Plan is there for generations to come. Learn more about their work here: https://www.cppinvestments.com/