Advertisement
Try online classes like "Can I afford to buy a home?" and "How not to get effed at tax time"
If you have a millennial in your life, you may already know they’re lacking in financial know-how, but few of us are able to offer any advice they can actually relate to. That’s why Shannon Lee Simmons, a certified financial planner and chartered investment manager, founded the New School of Finance.
Her fee-only financial planning firm is geared toward giving millennials the tools they need to take charge of their finances, with online courses on topics like “Can you afford to buy a home?” and “Don’t get effed at tax time.” Each course costs between $97 and $147 and comes with planning tools and the guidance necessary to ensure clients actually use the resources correctly. (Plus there’s a free tax preparation workshop available right now!) But the real value comes from Simmons’ straight-talking personality, and her ability to tailor time-tested financial concepts for a young, urban clientele that may not share the same financial goals as their parents. (Case in point: Her @therealselfies Instagram account shows the actual cost of living large on social media.)
“It’s almost information overload on the Internet, to be honest with you,” says Simmons about why she founded the New School of Finance. “Where do you go? Who do you trust? Who’s a hack?”
There are plenty of places to learn about personal finance for free on the Internet (moneysense.ca being an obvious favourite), but Simmons wanted to create a way for young people to get the information they need from a trusted authority.
This article was updated January 2018
MORE ABOUT MILLENNIAL FINANCE:
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Which ETFs should you invest in? Which ones best suit your risk tolerance? What about personal ethics? Check out...
Looking for gifts with great value? Our editors share ideas that are thoughtful, useful and even cozy—plus they can...
If you’re looking for a financial advisor or planner, learning about their credentials can help you choose the right...
Nvidia doubles revenue in one year, Canadian inflation moves in the wrong direction, Target misses badly, Walmart beats earnings...
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips.
Nvidia is Wall Street’s most valuable company. How it got there, by the numbers.
The world’s biggest cryptocurrency topped USD$98,000 on Nov. 21. As it inches ever closer to six figures, investors wonder:...
Learn how to get mental health support in Canada, whether or not you have workplace benefits or insurance coverage.
