Children value the independence and objectivity of someone who is not their immediate family member, says an advisor
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For instance, one student observed her parents putting all purchases on their debit or credit cards and asked Ms. Mathiesen why everyone doesn’t just use a card to buy what they want. “Everybody wants to have instant gratification with purchases,” he says. “They want to be able to keep up with their friends. Meanwhile, there are lenders that want to give students access to credit. So, it’s important not to get caught up in all of that and understand how it works.”Kurt Rosentreter, certified financial planner and portfolio manager at Toronto-based Manulife Securities Inc.
Each teacher is a member of his staff and Mr. Rosentreter notes that it can take a young adult about a decade to get through the entire program if they do one or two parts during the summer.
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