No, it’s not money, or another designer something or another.  It’s advice.  Advice Millennials really don’t want – but they need. Now.  Before it’s too late. Here are a few showstoppers to weave in to the upcoming holiday time you’ll spend together:

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Last week I had the opportunity to work with a great group of William Blair clients in Boston. Everyone attending intently focused on understanding how to talk with their kids about money throughout each stage of their lives. We focused on ages 6-18+, providing a short list of key ideas to move the conversation along in an age-appropriate way. Key ideas like:

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Family wealth is obvious to children.  Your expectations surrounding how your children will handle the family’s wealth are not so obvious.  So, it’s important to talk with your children about the family’s goals for this wealth in a way that will allow you both to think creatively about how best to steward that wealth into the future.

Money itself and the language of money is straightforward; it’s literal, it’s not rocket science.  But talking about money can get complicated.  When you add emotion and experience – good and bad – to the discussion of money, that’s when it can get complicated.

Here are five tips to help you start this money talk :

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Parents and grandparents want to help make the child or children in their lives smart about money. I am often asked for tips. One tip I don’t talk about often enough is how to teach your child the language of money – and I am not just talking about the Rule of 72!

In our O.M.G. Official Money Guide for Teens, College Students and Couples book series, we talk about how to learn not only the mechanics of money but also how to employ this knowledge successfully using soft skills, like the ability to delay gratification.

Since I first published my list of “important money phrases to learn”, I have come upon one more that I think is worthy of adding to the list. So, here’s my new list – refreshed with some new knowledge:

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