How to develop financially resilient and responsible children

There is an old proverb: “Hard times create strong individuals; strong individuals create good times; good times create weak individuals; weak individuals create hard times.”

I think of this proverb often when I work with clients who have some wealth and want to help their adult children . Given the costs of real estate and other expenses of life, many Canadians in their 50s, 60s and 70s are in meaningf...