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The Financial Times Guide to Wealth Management, 2nd Edition by Jason Butler

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CHAPTER 23

YOUNG PEOPLE AND MONEY

‘Continuous effort – not strength or intelligence – is the key to unlocking our potential.’

Winston Churchill

In this chapter I want to give an overview and some practical ideas on how to help young people become good at managing their own and possibly, in due course, family money. The issues discussed in this chapter are the product of what I have learned from working with clients over the past 25 years. They are not meant to be prescriptive but to give young people and their parents, grandparents and wider family a greater perspective on developing a healthy and effective relationship with money.

Despite the essential role that money plays in our lives and the serious challenges presented by increasing ...

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