Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

PODCAST

Hot Topic: Millennials and Money: How to Connect in the Context of Finance, with Jessica Moorhouse

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00:00:00
00:31:45

PostedFebruary 14, 2019

Episode Summary

In this episode, Ontario Regional Manager Ron Haik speaks with Jessica Moorhouse on millennials and money, and how parents can talk to their kids about money. Jessica is an expert on millennials and money; she has an award-winning blog, hosts a popular podcast, is a social media influencer, and is the founder of the Millennial Money Meetup.

Ron, a father of four himself, talks to Jessica about how key life experiences have shaped the millennial view on money, how parents can better understand their children in the context of finance, and what resources are available for parents to provide for their millennial kids. Jessica provides key takeaways on how to better understand millennials and their relationship to money, how parents (and others) can help millennials take actionable steps forward in the financial space, and how to have the “money talk” with your children.



Key Takeaways


Timeline
Content
[00:00:31]
About this week’s episode and guest.
[00:1:20]
Jessica’s advice on how the parents of today can reach out to their children in the context of managing their finances.
[00:3:42]
How to better connect with your children in regards to money and lead by example.
[00:7:30]
How to better understand your kids and not just see them as kids, but as the young adults they are.
[00:9:26]
Jessica outlines some experiences unique to millennials that would help generations outside of that group looking in, better understand their plight.
[00:12:44]
Is Jessica seeing millennials, as a generation, applying their resourcefulness and creativity to other factors of their investment philosophy?
[00:14:03]
Where are millennials getting their resources and information in order to make their investment decisions? Where, as a parent, could you direct a millennial to?
[00:16:15]
How can we enable millennials to take small, actionable steps forward in the financial space?
[00:18:56]
What can millennials do to move beyond a google review and dive deeper in this subject?
[00:21:06]
How to have the difficult “money talk” with your kids.
[00:25:16]
What Jessica is seeing across the millennial generation that unites them on a financial perspective.
[00:26:36]
What Jessica thinks parents should be aware of (and open to) when handing over the reins of your business to your millennial child.
[00:27:55]
The one thing Jessica would ask parents to do when speaking to their children.
[00:30:25]
Where to learn more about Jessica and her work.

Mentioned in this episode

JessicaMoorhouse.com

Mo’ Money Podcast (Jessica’s podcast)

Jessica’s Twitter @Jessi_Moorhouse

The Wealthy Barber: Everyone’s Commonsense Guide to Becoming Financially Independent, by David Chilton

The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich, by David Bach
Certified Financial Planner

Episode Featured on:


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Guest Bio


Jessica Moorhouse

Jessica is a millennial money expert, speaker, Accredited Financial Counsellor Canada®, award-winning blogger, host of the Mo’ Money Podcast and founder of the Millennial Money Meetup.

Her main passion is personal finance and living a balanced lifestyle. Ever since she discovered the transformative powers of financial literacy her mission has been to teach others how to take control of their lives by taking control of their money.

For her full bio, visit: JessicaMoorhouse.com/About



About The Host - Ron Haik

Ron Haik is a Senior Financial Planner and the Ontario Regional Manager in the Nicola Wealth’s Toronto office, with over 20 years of experience in the financial services industry. He has gained a breadth of experience working with some of the world’s largest financial institutions advising clients in a variety of roles, such as Financial Planner and Investment Advisor, in the areas of domestic and offshore planning for the high net worth segment.

For his full bio, visit: nicolawealth.local/our-team/ron-haik



Disclaimer

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.