In this episode of The Great Canadian Piggy Bank, Christi Rae chats with Douglas Price, author of Seventeen to Millionaire, a practical and approachable book that teaches teens how to start investing and build long-term wealth.
Douglas shares his journey from music educator to personal finance author, explains why investing can feel intimidating for beginners, and breaks down the first concrete steps teens (and parents) can take to start investing confidently. From understanding TFSAs and RRSPs to setting up automatic investments and building money habits, this conversation is packed with actionable advice for families.
Tune in to learn how to help your teen gain financial confidence and take the first steps toward a lifetime of smart money decisions.
Please share this episode with a parent who is starting to think about investing with their kid.
Show Links:
Chapters
00:00 Introduction to Investing
00:31 The Journey from Music to Finance Education
04:31 Why Does Investing Feel so Intimidating?
05:17 First Steps to Investing at 18
07:49 Exploring the Benefits of TFSA
10:49 Comparing TFSAs and RRSPs
13:06 What Should You Invest In?
14:35 How to Talk to Teens about Investing
15:38 Action Steps for Teens and Parents: Starting to Invest