📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy Happy belated Father's Day to all the fathers of the channel! Hope this is a good one :)
When my daughter was 15, she was miffed because ‘everyone’ flew somewhere for spring break except us who ‘couldn’t afford it’. When she was in grade 12, she asked us exactly how much we have saved for university. Her mouth dropped when there’s enough so that she won’t need a student loan. She told us that some other kids were told by their parents that they have zero money for post education. These are the same parents that flew to Mexico every year. Now she is moved out and attending university, every day she is so grateful and hard working and is learning to be financially independent.
Hard to value one experience over the other. How did those trips to Mexico effect those individuals without tuition money's lives? Are they all in a worse financial situation now?
@L Kam Thats great.... But one thing i learned in the financial world..In most cases, your kids have far more time on this planet than you do...There is nothing wrong with them taking on a bit of a loan and learning the value of responsibility with that decision. I did.. but also got a little bit of help... Builds character rather than a hand out on top of the fact you had to put yourselves on the back burner to pay for it all... Your going to die one day ...Enjoy some of them.
@@MG-og5gf It has impacted these kids’ futures because none of them attended post secondary education. They now feel stuck waiting tables and scraping by. Whereas my daughter is looking forward to a career in the medical field and financial independence.
@@lkam8541 well that's great then. Happy for your family that your financial planning has created a bright future. I didn't have that opportunity, but I did have the chance to budget travel, meet great people, and serve(wait tables) at restaurants across Canada, like Jasper, AB. Experience is invaluable. Although I hope to create a similar future, as you have for your daughter, for my 6 yr old lil girl by putting educational funds aside. Didn't mean to offend, just looking at it from different angles.
My parents came to this country with just the clothes off their back, not speaking English, worked at menial jobs but they managed to put a roof over my family’s heads and saved money. They worked hard and were frugal for certain things but super generous when needed. They instilled their work ethics to their children and many of the points you spoke of. You are correct, it starts with parents. I’m now teaching my child. Your videos are invaluable. Thanks for sharing your knowledge with us.
Hi Angie. Thanks for taking the time to share your story. I'm happy to hear you're teaching your child, and that will pay dividends down the road. Thanks so much. - Marc
Love this….just sold the 2000 Honda CR-V bought in Winnipeg before becoming a BC resident in 2007 and raising my family here. Attending our sons grade 12 drive through grad in our 1st new car in his lifetime this morning. He took his graduation gift of $ and opened his TFSA as a self-directed investing account this week. So PROUD!
Awesome stuff guys. I doubt you need anybody to tell you two this but you guys are incredibly blessed to have a humble father like yours teaching you these valuable lessons.
GREAT VIDEO!!! Financial literacy is so important to learn from a young age. My lessons were "There's need to have and nice to have" My "allowance" was earned by doing chores around the house for $1/Hr. I had to save up to buy my first stereo which took for-ever, but so worth it for the lessons. Starting in university, (studying accounting) I kept a financial ledger and I still do everyday, before I even get out of bed, so I know my net worth, to the penny, every day. I am 57 and I am retired. BOOM!
I love this... I have 3 children...all 3 of my children have done well (my oldest is 41, my youngest is 31)..it is all about values... not the money...I really enjoy this channel... I feel validated...thank you...really ...thank you
This is such an amazing video - thank you to all 3 of you - especially Marc for letting us all have a peak in giving all of us life long lessons. Your sons have turned out amazing and have helped so many older than them. Appreciate the amazing collaboration of all of you - please keep this up!
You are both so blessed to have a loving and wise father. Loved watching this video as I have two little boys myself. Thank you for all these advices 🥰
Been watching your series for a few months now. I totally loved this episode. As a father it resonates with me and I certainly want to teach my girls financial literacy. You had some great simple ideas. Excellent work.
This is a must-see video for every family out there. All 5 of us share a similar experience with our mom being a CPA. We may not have had a ledger growing up, but frugality is definitely one of the lessons I cherish the most from my parents. Turning 26 this year, I keep learning that "just because I can, it doesn't mean I should" when it comes to spending. Thank you for this informative and "feel good" video! I learned so much and enjoyed watching the video. You guys gotta make more of this!
This is my favourite video so far! As a father trying to figure out how to teach my kids sound financial principles this is exactly what I’ve been waiting to see. Thanks giving us the trip down Beavis family memory lane 🙏🏽. Pure gold here! I’ll be sharing this with every parent I can.
Great video. Marc reminds me of my father. Driving the same van for 300k, teaching us how to do taxes, finance spreadsheets and forced savings. We occasionally watch your videos together. Thank you for the great channel!
My parents never taught me how to save or invest so now I’m just playing the catch up game lol.. hopefully I can teach my future kids what I never learned :) Good vibes only ✌🏼
I love this! Your dad did an exceptional job in being a great role model in how to be financially sound and understanding you don't need to Keep Up with the Jones' syndrome.
Stopping generations of bad financial problems. Sent this to my young adult kids. Love the birthday gift idea.. as soon to be grandmother the store idea and gifts I find super appealing. Again. Thank you for the Canadian content.
I'm not a father, but I'd like to think if I was, I'd teach my kids, much like the manner Marc taught Brandon and Jesse. Why? The results are obviously fantastic! Such valuable life lessons we all can learn from. Cheers Beavis family. Happy belated Father's Day Marc...
unfortunately, my parents do not have much financial literacy especially as immigrants. they taught me to be frugal, because we couldnt afford not to be... and now I am on this channel learning how to manage my money. thank you
I am a father and I have opened a TFSA account for my daughter when she became 18 to invest in stocks and ETF. I made a bad example though in the first year of buying Suncor and it dropped almost 60% last year but I held on to it and up to today it still drop like 23% wow but I will keep it until at least breakeven. This year I bought index ETF like VUN, VCN and they all made money. Not bad and I think it's important to let your kids know the importance of investing and growing your money.
Good for you for investing with your child. But sometimes you just have to cut your losses on investments. You are anchoring on a sunk cost - what you paid for it is irrelevant, you should only evaluate investment on what it is going to be. In my opinion, both vun and vcn will do better than SU in the future.
@@khuo0219 I think the oil price will go up with the economy slowly opening up and same with the energy companies like Suncor. Also, since it is a TFSA account there is no loss claim to compensate for any gain. So I think holding and waiting for a bounce back may have a higher return than the index ETF.
I *loved* this video! This is by far my most favourite video of everything you have put out. How lucky are you boys to have a father like Marc. The financial education that he gave you is so incredibly valuable. One thing that struck me is when Brandon and Jesse spoke about moving out and having to learn how to pay rent, budgeting and that heat and water are not included in rent. These are the types of things that should be taught in school and it is a big fail on our education system. The cycle of poverty continues because of financial illiteracy and is passed down from generation to generation. Sitting down with your kids and showing them how to do taxes, as grueling as that task can be, is just so important. The love, respect and pride that all of you show to each other is so special to see. Thanks for sharing. Happy Fathers Day 2022.....
Another fantastic video Brandon. Jesse made me laugh out loud with his “I’m gunna pass it down to my kids” comment! 😅 I still remember my mom teaching me how to do my taxes as a young teen - I did my own taxes through all of University and I was happy to save money. My parents instilled frugal values in me and I try to carry them onto my kids. Great video and Happy Father’s Day Marc. Nice to see you and your boys together.
Thanks so much, Vanessa. It was an awesome Father's Day, and to be able to sit down and shoot this little video as a bonus!!! We probably could have gone on for a couple of hours, but we kept it to a tolerable length. 😅 I'm curious how long Jesse will drive that car.... : ) - Marc
Marc When my kids were ready to move out we used investment saving on down payment on condo they learn to pay insurance home tax utilities condo fees mortgage payments they payed off mortgage and are plans to build there own home this was there best investment next is invest to retire early at 35 so we watch your channel for investment advice 👍 so far best idea we are getting is start a tube channel for passive income way better than in investing in stocks
I'm very lucky to have found your channel because I was not brought up with any personal finance knowledge. And I in no way blame my parents for that because neither were they. So it's so cool now that I get to be in a position where I can learn all of this valuable information and then bring that to them so they can learn too. Not too long ago I sat down with my mother to explain what a TFSA was and it was one of the coolest experiences of my life. I even played her YOUR video on the subject to help reinforce it! So thank you Beavis family for helping me and my family learn these things that we weren't fortunate enough to have been taught earlier. 🙏 You guys are awesome!
2 things in this video that are amazing. 1) How amazing that family financial structure is (I'm sure there were struggles and strife) but the knowledge of the captian definitely filtered down to both sons and the ability to speak on money SHINES THRU AND BLOWS YOUR HEAD OFF! 2) that mirror in the background is DEFINITELY HUNG STRAIGHT lol or the whiskey and scotch bar has all the full Heavy bottle's on one side hahaha Thank you guys for the amazing work and content please don't ever change ALOT OF CLUTTER AND "GARBAGE" on RUclips financials but the slow, steady knowledgeable information is amazing. Compared to a golf game keeping the ball straight down the fairway and lay up to the green and read the green and lay properly to put in on par or better.
Thanks for sharing your personal lives and teachings of responsibility. I grew up in a very frugal family. Drive that car for 20 years. I still drive my 16 year old Caravan. One thing I haven't done is open up investing accounts for my Teen and 20 year old. I have 2 kids with ASD and have made good use of their RDSPs. Already. I'm getting them set up for an adult life, hopefully without financial struggles into their later years. Thanks again guys.
Excellent presentation, I which I learnt this when I started working. I didn’t get going until I was 30. My up bringing was great but did here a lot of worries about money. Being a kid that did not like noise and confrontation I discounted money and enjoyed every penny. Later in life I knew it was important to save money.
I am 31 and have a 1 year old son now. I will definitely be teaching him all about financial wisdom just as you have done with your boys, Marc. You've done a hell of a good job! Great family. I feel like the mom of the family needs to be featured now, where's she at??
Nice vid. Lots of smiles and laughter. Very insightful insofar as demonstrating the impact of imparting financial knowledge. Loved the part where you were discussing moving out. Mark looked anguished like he was reliving a painful experience. Good fun, well done.
Thank you so much Brandon for this video! I will be the one to break this financial illiteracy in my family and for sure this will help myself, my family, and future family. Always glad to be part of this community. 🙏 #mindsets #plantingtheseed 🌱
God bless you guys. Great job Marc raising up these great kids ...It was like a a mini TV show to me ..I enjoyed it a lot and would love to see more ..great advice as well I will keep in mind in raising my kid ..Thanks guys ..You're awesome !
What a great video! I just signed up with the academy about a month ago and now have my 16 year old working through the videos as well. Great inter-generational stuff! Great to see Jesse also and seeing him follow his own path. Shout out from Kingston, Jesse! Thanks for setting us up getting started with Beavis Investing. And thanks to Marc & Brandon for sharing your financial knowledge! Way to go Beavis men!
Thanks for your comment! Really happy to hear that you're working through the Academy material with your daughter... as you can tell from this video, we share the same beliefs regarding teaching the next generation! And for you, especially because you actually talked with Jesse, you must have felt more connected to this video! 👍 Thanks again for your support and for passing the info along! - Marc
I'm teaching my nieces about money and this video is a great source of ideas. Plus, you are right that I must involve them in choosing what stocks to buy rather than doing everything myself. Thanks for your great videos (I also love the retirement series).
Amazing video Beavis family! This is so relevant and super important for parents. Great to see such a beautiful relationship between a Dad and his boys too. 👏👏
So nice to know how you trained your kids, hope I have learn it and apply to my children. I think I can still do it for my grandchild. Thanks for sharing this with us..
Hey Alban! Glad you caught this video. Great memories in that old car. I remember your mom and dad coming to every game too. They were awesome fans! - Marc
Such an awesome family! I've learned a lot from you not only on investing but also on how to educate my children. Congrat Marc for your great "investments" !
This is an awesome, wholesome video. . I have 2 young boys (age 3; age 1) that I hope to provide at a young age the important lessons of handling/managing money. I didn’t have the role models in my life to show me the path. I learned from watching others do the WRONG thing, and making a conscious effort in not repeating those mistakes. Marc, you spent quality time with your kids, while teaching them the importance of understanding the value of money, and it has served your family well. I can only hope that I have the same impact on my two boys.
We wanted to set up a trading account for our children or even purchase stock/ETFs for them. Then transfer it to them under their name once they are older. Would you be able to go over options or processes to do this? Via Questrade or self-directed account? We've been teaching our children about investing, and I even show them my portfolio and they are keen to start, even at 8 years old. They are showing a lot of excitement in elementary class when they are talking about money and value.
Muchas gracias Marc & Brandon. A quick question for the in-trust account are those to be done with a bank or with a broker like questrade? Ive been wanting to do something like that and start my kids in the investing world when they get a bit older but I want to start it now, and take advantage of compounding. Thanks ahead of time
Marc looks emotional at so many points. He is best trying to hide it but as a parent I can feel most of the emotions he went through during this video!
The three of you are awesome, Marc you did a fantastic job parenting your sons. Thank you for sharing your experience and your upbringing. You boys are blessed to have a wonderful father who thought you valuable lessons on life. I have two sons about the same age as you, I emphasize in teaching my sons the value of money and budgeting and independence. My husband doesn't budget well and he doesn’t speak to them about finances and the value of money. I agree moving out is a good idea to teach them responsibility. 👍
Hi Olga.Thanks a ton for taking the time to comment, and we appreciate your kind words. All the best in teaching your children about money, and thanks for watching our videos! - Marc
I would like to ask the expert Marc about mutual funds. Just resent I transferred my Lira acc to Questrate all in kind, and 10 years close to retirement. Now I am not sure where to allocate the funds, and which investments would be the best to consider. Any suggestions??
a funny story about the taxes segement... when my wife got her first pay check after post secondary school she said 'that's all i get!". very interesting how complacent we get about it. you seem like a great family unit who has a lot of respect for each other. Dad, good job!
Great content! Actually loved the idea of a shopping allowanced that can depreciate based on my kids behaviour! haha Your pops looked out for both your guys financial success so well. Too many people around me(in my early 30s) have been offered easy loans in their early years, only to be trapped with mountains of overhead interest. I cant remember learning anything about balance sheets and investing during any formal public education. This needs to be taught way earlier in Canada's school curriculum.
I absolutely love these tips. Unfortunately my brother and me had to learn these things on our own. Speaking of moving out early, I absolutely recommend it! My brother and me moved out when we were 19/20 during university. We actually made a presentation to our parents 😂 highlighting the numbers and the benefit of living closer to school.
I'm proud to say that my daughter just finished her out-of-town university degree at SFU by knowing how to budget. She starts her Masters at UBC in Sept and I hope she is able to finish without student loans! Love the $2.00 for lost tooth - inflation on that would make that tooth worth $10 now lol!
Wow. This is, by far, my favourite episode of you guys yet. As a father of 2 (both under 8), trying to bestow these similar lessons to them day in and day out hasn’t been easy. There were so many times when I was tired or out of patience, and I would just “cave” to their demands. After watching this episode, you’ve reminded me why I can’t give up as a father because I owe it to my kids’ to show them the right ways. Thank you so much, and keep up the great work! P.S. - thanks for the tip about setting up “In-Trust” accounts too! Would love to hear any recommendations, if you have any please!
Marc.... after I set up the in trust account I then see a lawyer and make up a legal contract? Is this right? I wasn't sure you were able to finish your thought on that part of the video. Loved this video by the way!
3 года назад
That was such a cute video! And I loved all the tips on financial ed to pass on to kids. I have 3 kids, and my parents always told me "that's not your problem" when I was asking them how much they were making or what the mortgage cost...so, zero financial ed from my parents. I will most definitely do the journaling and 4 quarters game with my kiddos. I think it would set them up from a great start to manage money themselves, so in addition to the RESP, they should be all set when they turn "fly out of the nest" age.
I did get a lot of stuff as a kid from my parents, but everything I got was a battle. In my teens I was taught about credit cards, how much they paid on specific bills, taxes, etc. when I got my first job in Gr 11 (summer of 2007) I was cut off financially from my parents (they said if im capable of working then I wont need their money), anything I wanted I had to go out and get myself from that point on. This instilled in me that when I get money, I want to hold on to as much of it as I can. My parents didnt know about investing so I had to learn that myself later on in life..... I KNOW 90% OF PARENTS DONT DO THIS...... IF YOU OWN A HOUSE TEACH YOUR KID WHAT A MORTAGE IS AND WHAT GOES INTO PURCHASING A HOUSE. ITS THE BIGGEST PURCHASE YOUR KID MIGHT EVER MAKE. I have no clue why alot of parents dont do that.....
You guys are so awesome! I feel like I just sat down and had coffee with you guys. Seem to be humble and chill 👍🏾💪🏾 maybe one day we will cross paths 👌🏽
Putting investment aside, I'd like to say it's a rare occasion to see such a respectable relationship you guys have. Keeping the family bond is an investment some family can't afford. 👍👍👍👍👍👍👍
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Happy belated Father's Day to all the fathers of the channel! Hope this is a good one :)
Why did you increase the price 😕
When my daughter was 15, she was miffed because ‘everyone’ flew somewhere for spring break except us who ‘couldn’t afford it’. When she was in grade 12, she asked us exactly how much we have saved for university. Her mouth dropped when there’s enough so that she won’t need a student loan. She told us that some other kids were told by their parents that they have zero money for post education. These are the same parents that flew to Mexico every year. Now she is moved out and attending university, every day she is so grateful and hard working and is learning to be financially independent.
What a great parenting story. Congrats for doing the right thing, despite what I know is a ton of pressure. All the best. - Marc
Hard to value one experience over the other. How did those trips to Mexico effect those individuals without tuition money's lives? Are they all in a worse financial situation now?
@L Kam Thats great.... But one thing i learned in the financial world..In most cases, your kids have far more time on this planet than you do...There is nothing wrong with them taking on a bit of a loan and learning the value of responsibility with that decision. I did.. but also got a little bit of help... Builds character rather than a hand out on top of the fact you had to put yourselves on the back burner to pay for it all... Your going to die one day ...Enjoy some of them.
@@MG-og5gf It has impacted these kids’ futures because none of them attended post secondary education. They now feel stuck waiting tables and scraping by. Whereas my daughter is looking forward to a career in the medical field and financial independence.
@@lkam8541 well that's great then. Happy for your family that your financial planning has created a bright future.
I didn't have that opportunity, but I did have the chance to budget travel, meet great people, and serve(wait tables) at restaurants across Canada, like Jasper, AB. Experience is invaluable.
Although I hope to create a similar future, as you have for your daughter, for my 6 yr old lil girl by putting educational funds aside. Didn't mean to offend, just looking at it from different angles.
God bless the Beavis family, this is great to see
Thank you, Shane. Very kind of you. We're blessed. - Marc
My parents came to this country with just the clothes off their back, not speaking English, worked at menial jobs but they managed to put a roof over my family’s heads and saved money. They worked hard and were frugal for certain things but super generous when needed. They instilled their work ethics to their children and many of the points you spoke of. You are correct, it starts with parents. I’m now teaching my child.
Your videos are invaluable. Thanks for sharing your knowledge with us.
Hi Angie. Thanks for taking the time to share your story. I'm happy to hear you're teaching your child, and that will pay dividends down the road. Thanks so much. - Marc
Which "country" are you talking about? Hopefully you're talking about the United States of America!
Love this….just sold the 2000 Honda CR-V bought in Winnipeg before becoming a BC resident in 2007 and raising my family here. Attending our sons grade 12 drive through grad in our 1st new car in his lifetime this morning. He took his graduation gift of $ and opened his TFSA as a self-directed investing account this week. So PROUD!
Awesome stuff guys. I doubt you need anybody to tell you two this but you guys are incredibly blessed to have a humble father like yours teaching you these valuable lessons.
GREAT VIDEO!!!
Financial literacy is so important to learn from a young age.
My lessons were "There's need to have and nice to have"
My "allowance" was earned by doing chores around the house for $1/Hr.
I had to save up to buy my first stereo which took for-ever, but so worth it for the lessons.
Starting in university, (studying accounting) I kept a financial ledger and I still do everyday, before I even get out of bed, so I know my net worth, to the penny, every day.
I am 57 and I am retired. BOOM!
Such a beautiful tribute to your dad on his special day! ❤ I love the channel and the input from the 3 of you guys!! Congrats!
Amazing dad who taught his children to save up at early age..
I love this... I have 3 children...all 3 of my children have done well (my oldest is 41, my youngest is 31)..it is all about values... not the money...I really enjoy this channel... I feel validated...thank you...really ...thank you
This is such an amazing video - thank you to all 3 of you - especially Marc for letting us all have a peak in giving all of us life long lessons. Your sons have turned out amazing and have helped so many older than them. Appreciate the amazing collaboration of all of you - please keep this up!
You are both so blessed to have a loving and wise father. Loved watching this video as I have two little boys myself. Thank you for all these advices 🥰
Been watching your series for a few months now. I totally loved this episode. As a father it resonates with me and I certainly want to teach my girls financial literacy. You had some great simple ideas. Excellent work.
This is a must-see video for every family out there. All 5 of us share a similar experience with our mom being a CPA. We may not have had a ledger growing up, but frugality is definitely one of the lessons I cherish the most from my parents. Turning 26 this year, I keep learning that "just because I can, it doesn't mean I should" when it comes to spending. Thank you for this informative and "feel good" video! I learned so much and enjoyed watching the video. You guys gotta make more of this!
Thanks so much for sharing your story and for watching. Sounds like your family is doing a lot of things right! Cheers. - Marc
This is my favourite video so far! As a father trying to figure out how to teach my kids sound financial principles this is exactly what I’ve been waiting to see. Thanks giving us the trip down Beavis family memory lane 🙏🏽. Pure gold here! I’ll be sharing this with every parent I can.
Thanks, Brine. All the best in your parenting journey! - Marc
Great video. Marc reminds me of my father. Driving the same van for 300k, teaching us how to do taxes, finance spreadsheets and forced savings. We occasionally watch your videos together. Thank you for the great channel!
My parents never taught me how to save or invest so now I’m just playing the catch up game lol.. hopefully I can teach my future kids what I never learned :)
Good vibes only ✌🏼
Best of luck catching up, and all the best in teaching your kids, when they arrive! - Marc
@@beaviswealth tysm! just wanna say I appreciate the videos u guys been giving us! u are helping a lot of people!!
Happy Father's day !! Good role model
I love this! Your dad did an exceptional job in being a great role model in how to be financially sound and understanding you don't need to Keep Up with the Jones' syndrome.
Stopping generations of bad financial problems. Sent this to my young adult kids. Love the birthday gift idea.. as soon to be grandmother the store idea and gifts I find super appealing.
Again. Thank you for the Canadian content.
One of the best vlog about finance management teaching and investing !
Thanks a ton. We really appreciate your support. - Marc
I'm not a father, but I'd like to think if I was, I'd teach my kids, much like the manner Marc taught Brandon and Jesse. Why? The results are obviously fantastic! Such valuable life lessons we all can learn from. Cheers Beavis family. Happy belated Father's Day Marc...
Hope all is well, Scott. Thanks for taking the time to check in. And thanks for the greetings. - Marc
unfortunately, my parents do not have much financial literacy especially as immigrants. they taught me to be frugal, because we couldnt afford not to be... and now I am on this channel learning how to manage my money. thank you
beautiful family
I am a father and I have opened a TFSA account for my daughter when she became 18 to invest in stocks and ETF. I made a bad example though in the first year of buying Suncor and it dropped almost 60% last year but I held on to it and up to today it still drop like 23% wow but I will keep it until at least breakeven. This year I bought index ETF like VUN, VCN and they all made money. Not bad and I think it's important to let your kids know the importance of investing and growing your money.
Good for you for investing with your child. But sometimes you just have to cut your losses on investments. You are anchoring on a sunk cost - what you paid for it is irrelevant, you should only evaluate investment on what it is going to be. In my opinion, both vun and vcn will do better than SU in the future.
@@khuo0219 I think the oil price will go up with the economy slowly opening up and same with the energy companies like Suncor. Also, since it is a TFSA account there is no loss claim to compensate for any gain. So I think holding and waiting for a bounce back may have a higher return than the index ETF.
Amazing father and sons. Very well guided financially by your father. In the end all smiles on your faces. Good moral lessons about money..
I *loved* this video! This is by far my most favourite video of everything you have put out. How lucky are you boys to have a father like Marc. The financial education that he gave you is so incredibly valuable. One thing that struck me is when Brandon and Jesse spoke about moving out and having to learn how to pay rent, budgeting and that heat and water are not included in rent. These are the types of things that should be taught in school and it is a big fail on our education system. The cycle of poverty continues because of financial illiteracy and is passed down from generation to generation. Sitting down with your kids and showing them how to do taxes, as grueling as that task can be, is just so important. The love, respect and pride that all of you show to each other is so special to see. Thanks for sharing.
Happy Fathers Day 2022.....
Another fantastic video Brandon. Jesse made me laugh out loud with his “I’m gunna pass it down to my kids” comment! 😅 I still remember my mom teaching me how to do my taxes as a young teen - I did my own taxes through all of University and I was happy to save money. My parents instilled frugal values in me and I try to carry them onto my kids. Great video and Happy Father’s Day Marc. Nice to see you and your boys together.
Thanks so much, Vanessa. It was an awesome Father's Day, and to be able to sit down and shoot this little video as a bonus!!! We probably could have gone on for a couple of hours, but we kept it to a tolerable length. 😅 I'm curious how long Jesse will drive that car.... : ) - Marc
another top quality investing vid! pause exactly @ 15s and you will see a happy and grateful family smile all in their personality element
This is all fantastic advice. I saved this video for when I have kids someday.
Marc When my kids were ready to move out we used investment saving on down payment on condo they learn to pay insurance home tax utilities condo fees mortgage payments they payed off mortgage and are plans to build there own home this was there best investment next is invest to retire early at 35 so we watch your channel for investment advice 👍 so far best idea we are getting is start a tube channel for passive income way better than in investing in stocks
My Grandparents instilled many of these same strategies in me. I 100% agree these are the foundation to financial success. 👍
I'm very lucky to have found your channel because I was not brought up with any personal finance knowledge. And I in no way blame my parents for that because neither were they. So it's so cool now that I get to be in a position where I can learn all of this valuable information and then bring that to them so they can learn too. Not too long ago I sat down with my mother to explain what a TFSA was and it was one of the coolest experiences of my life. I even played her YOUR video on the subject to help reinforce it! So thank you Beavis family for helping me and my family learn these things that we weren't fortunate enough to have been taught earlier. 🙏 You guys are awesome!
I agree, there's not enough financial literacy, it's almost disheartening, but it's great to have financial youtubers like yourselves
Love the video. Keep it up ! Thank you for educating in some way. Want to do the same with my son in a few years.
just timely, I am contemplating on investing for my daughters. what platform do you suggest for the intrust account? thanks in advance
This is so great ...thank you..why are they not teaching this in schools...
2 things in this video that are amazing.
1) How amazing that family financial structure is (I'm sure there were struggles and strife) but the knowledge of the captian definitely filtered down to both sons and the ability to speak on money SHINES THRU AND BLOWS YOUR HEAD OFF!
2) that mirror in the background is DEFINITELY HUNG STRAIGHT lol or the whiskey and scotch bar has all the full Heavy bottle's on one side hahaha
Thank you guys for the amazing work and content please don't ever change ALOT OF CLUTTER AND "GARBAGE" on RUclips financials but the slow, steady knowledgeable information is amazing. Compared to a golf game keeping the ball straight down the fairway and lay up to the green and read the green and lay properly to put in on par or better.
Thanks for sharing your personal lives and teachings of responsibility. I grew up in a very frugal family. Drive that car for 20 years. I still drive my 16 year old Caravan. One thing I haven't done is open up investing accounts for my Teen and 20 year old. I have 2 kids with ASD and have made good use of their RDSPs. Already. I'm getting them set up for an adult life, hopefully without financial struggles into their later years. Thanks again guys.
Excellent presentation, I which I learnt this when I started working. I didn’t get going until I was 30. My up bringing was great but did here a lot of worries about money. Being a kid that did not like noise and confrontation I discounted money and enjoyed every penny. Later in life I knew it was important to save money.
I am 31 and have a 1 year old son now. I will definitely be teaching him all about financial wisdom just as you have done with your boys, Marc. You've done a hell of a good job! Great family. I feel like the mom of the family needs to be featured now, where's she at??
Thanks so much. All the best with raising your son; most amazing experience ever. - Marc
Nice vid. Lots of smiles and laughter. Very insightful insofar as demonstrating the impact of imparting financial knowledge. Loved the part where you were discussing moving out. Mark looked anguished like he was reliving a painful experience. Good fun, well done.
I loved this video, one of my favourites! Really creative ways to engage kids and teach them about money and saving!
I am a first generation Canadian. Thanks for the video. Finance back home is way different than Canada.
Incredible video! The perspective of the kids of a respected financial advisor. Everyone should see this. I truly believe Marc’s frugality. Thanks!
Wonderful video.
Thank you so much Brandon for this video! I will be the one to break this financial illiteracy in my family and for sure this will help myself, my family, and future family. Always glad to be part of this community. 🙏 #mindsets #plantingtheseed 🌱
Thank you very much. enjoyed. very educational.
Such a beautiful video! thank you for making my heart warm!🤍
God bless you guys. Great job Marc raising up these great kids ...It was like a a mini TV show to me ..I enjoyed it a lot and would love to see more ..great advice as well I will keep in mind in raising my kid ..Thanks guys ..You're awesome !
One of the best Vid guys! Marc, continue on being an amazing dad👍
What a great video! I just signed up with the academy about a month ago and now have my 16 year old working through the videos as well. Great inter-generational stuff! Great to see Jesse also and seeing him follow his own path. Shout out from Kingston, Jesse! Thanks for setting us up getting started with Beavis Investing. And thanks to Marc & Brandon for sharing your financial knowledge! Way to go Beavis men!
Thanks for your comment! Really happy to hear that you're working through the Academy material with your daughter... as you can tell from this video, we share the same beliefs regarding teaching the next generation! And for you, especially because you actually talked with Jesse, you must have felt more connected to this video! 👍 Thanks again for your support and for passing the info along! - Marc
I'm teaching my nieces about money and this video is a great source of ideas. Plus, you are right that I must involve them in choosing what stocks to buy rather than doing everything myself. Thanks for your great videos (I also love the retirement series).
Wish i saw this 10 years ago. Two boys aged 16 and 18. I sent them the link. Marc you look like a proud dad.
Watched and liked, fantastic video. Thanks for sharing.
Amazing video Beavis family! This is so relevant and super important for parents. Great to see such a beautiful relationship between a Dad and his boys too. 👏👏
So nice to know how you trained your kids, hope I have learn it and apply to my children. I think I can still do it for my grandchild. Thanks for sharing this with us..
family goals, great video :)
Felt the love.
Thanks, Anne. Appreciate you commenting. - Marc
I remember the car ❤️ And I remember how Marc used to drive us every day to games and never missed one game ever 💪
Hey Alban! Glad you caught this video. Great memories in that old car. I remember your mom and dad coming to every game too. They were awesome fans! - Marc
We had the best parents ❤️🔥
Fantastic content fellas!
Thanks, Chris! We had fun doing this video. Thanks for watching. - Marc
omg loved this vid so much!!!
Such an awesome family! I've learned a lot from you not only on investing but also on how to educate my children. Congrat Marc for your great "investments" !
I enjoyed the video! Great and fun! Next time, show the mom too...
So great to see your family.
yeah jesse!!!! i knew we'd see you!!!
👋🏻😁
This is an awesome, wholesome video. . I have 2 young boys (age 3; age 1) that I hope to provide at a young age the important lessons of handling/managing money. I didn’t have the role models in my life to show me the path. I learned from watching others do the WRONG thing, and making a conscious effort in not repeating those mistakes. Marc, you spent quality time with your kids, while teaching them the importance of understanding the value of money, and it has served your family well. I can only hope that I have the same impact on my two boys.
Amazing video guys!! Congrats!!!
We wanted to set up a trading account for our children or even purchase stock/ETFs for them. Then transfer it to them under their name once they are older. Would you be able to go over options or processes to do this? Via Questrade or self-directed account? We've been teaching our children about investing, and I even show them my portfolio and they are keen to start, even at 8 years old. They are showing a lot of excitement in elementary class when they are talking about money and value.
We did a very similar program with our kids. They are with the program.
We used to give them silver mapleleafs for report cards.
That's awesome, Wayne. Thanks for sharing - Marc
This is dope 🔥🔥🔥🔥🔥🔥
Great video and great content, definately taking notes on how I will approach teaching my kids about 💰
Gracias, Jorge. Cuidate. - Marc
Muchas gracias Marc & Brandon. A quick question for the in-trust account are those to be done with a bank or with a broker like questrade? Ive been wanting to do something like that and start my kids in the investing world when they get a bit older but I want to start it now, and take advantage of compounding. Thanks ahead of time
Awesome video guys!
Love the 4 quarters tip 😄
Thanks
Another great video. Original and different. Thank you for all the great info.
Thanks, Nathan. - Marc
Nice Job with the Kids Mark!
Thanks, Flavio. - Marc
Great video!
Thanks, Anna. - Marc
Awesome video, I've actually recently been thinking about creating an account for my son (who is 6) but wasn't sure how it worked.
Great tips!! Love those!👍🏼
Wow,wow,wow! Bravo..(clapping)...just bravo!
Marc looks emotional at so many points. He is best trying to hide it but as a parent I can feel most of the emotions he went through during this video!
The three of you are awesome, Marc you did a fantastic job parenting your sons. Thank you for sharing your experience and your upbringing. You boys are blessed to have a wonderful father who thought you valuable lessons on life. I have two sons about the same age as you, I emphasize in teaching my sons the value of money and budgeting and independence. My husband doesn't budget well and he doesn’t speak to them about finances and the value of money. I agree moving out is a good idea to teach them responsibility. 👍
Hi Olga.Thanks a ton for taking the time to comment, and we appreciate your kind words. All the best in teaching your children about money, and thanks for watching our videos! - Marc
I would like to ask the expert Marc about mutual funds. Just resent I transferred my Lira acc to Questrate all in kind, and 10 years close to retirement. Now I am not sure where to allocate the funds, and which investments would be the best to consider. Any suggestions??
a funny story about the taxes segement... when my wife got her first pay check after post secondary school she said 'that's all i get!". very interesting how complacent we get about it. you seem like a great family unit who has a lot of respect for each other. Dad, good job!
Great content! Actually loved the idea of a shopping allowanced that can depreciate based on my kids behaviour! haha Your pops looked out for both your guys financial success so well. Too many people around me(in my early 30s) have been offered easy loans in their early years, only to be trapped with mountains of overhead interest. I cant remember learning anything about balance sheets and investing during any formal public education. This needs to be taught way earlier in Canada's school curriculum.
Also, all dads need to be like Marc
Great video… will definitely get my girls started…. the 10% rule from the wealthy barber will definitely be the starting point…
I absolutely love these tips. Unfortunately my brother and me had to learn these things on our own. Speaking of moving out early, I absolutely recommend it!
My brother and me moved out when we were 19/20 during university. We actually made a presentation to our parents 😂 highlighting the numbers and the benefit of living closer to school.
Teaching your kids to save is infinitely more valuable than any level of inheritance.
I'm proud to say that my daughter just finished her out-of-town university degree at SFU by knowing how to budget. She starts her Masters at UBC in Sept and I hope she is able to finish without student loans! Love the $2.00 for lost tooth - inflation on that would make that tooth worth $10 now lol!
Informative and heartwarming at the same time! A breath of fresh air in the time of spoiled brats.
Love the air north swag!
Wow. This is, by far, my favourite episode of you guys yet. As a father of 2 (both under 8), trying to bestow these similar lessons to them day in and day out hasn’t been easy. There were so many times when I was tired or out of patience, and I would just “cave” to their demands. After watching this episode, you’ve reminded me why I can’t give up as a father because I owe it to my kids’ to show them the right ways. Thank you so much, and keep up the great work! P.S. - thanks for the tip about setting up “In-Trust” accounts too! Would love to hear any recommendations, if you have any please!
My man marc looking gooodddd
Marc.... after I set up the in trust account I then see a lawyer and make up a legal contract? Is this right? I wasn't sure you were able to finish your thought on that part of the video.
Loved this video by the way!
That was such a cute video! And I loved all the tips on financial ed to pass on to kids. I have 3 kids, and my parents always told me "that's not your problem" when I was asking them how much they were making or what the mortgage cost...so, zero financial ed from my parents. I will most definitely do the journaling and 4 quarters game with my kiddos. I think it would set them up from a great start to manage money themselves, so in addition to the RESP, they should be all set when they turn "fly out of the nest" age.
I did get a lot of stuff as a kid from my parents, but everything I got was a battle. In my teens I was taught about credit cards, how much they paid on specific bills, taxes, etc. when I got my first job in Gr 11 (summer of 2007) I was cut off financially from my parents (they said if im capable of working then I wont need their money), anything I wanted I had to go out and get myself from that point on. This instilled in me that when I get money, I want to hold on to as much of it as I can. My parents didnt know about investing so I had to learn that myself later on in life..... I KNOW 90% OF PARENTS DONT DO THIS...... IF YOU OWN A HOUSE TEACH YOUR KID WHAT A MORTAGE IS AND WHAT GOES INTO PURCHASING A HOUSE. ITS THE BIGGEST PURCHASE YOUR KID MIGHT EVER MAKE. I have no clue why alot of parents dont do that.....
Some great investment advice tight here. Simple Simple Simple. Instilling the habits from an early age is key
Dad has such a happy face...lol 😆
You guys are so awesome! I feel like I just sat down and had coffee with you guys. Seem to be humble and chill 👍🏾💪🏾 maybe one day we will cross paths 👌🏽
Thanks so much. Truly appreciate you taking the time to leave your comment. - Marc
One of your best videos guys👍🏾
Putting investment aside, I'd like to say it's a rare occasion to see such a respectable relationship you guys have. Keeping the family bond is an investment some family can't afford. 👍👍👍👍👍👍👍