How to Teach Teens About Money and Save for Their Education

In this episode of The Canadian Investor Podcast, the hosts discuss Empire Company's recent earnings, highlighting its rebound and transformation through increased capital expenditures and a shift towards discount brands. They analyze same-store sales, customer shopping habits, and future growth expectations, comparing Empire's performance to competitors like Loblaws and Metro. The hosts then answer a listener question about RESPs, providing an overview of how they work, contribution limits, government grants, and investment strategies, including a detailed look at one of the host's RESP portfolio. They also address a question about Uber's long-term prospects in the face of autonomous vehicles, expressing confidence in Uber's distribution network and potential partnerships. Finally, the hosts discuss how to teach teenagers about investing and finance, emphasizing the power of compounding, the dangers of debt, the importance of understanding purchasing power, differentiating needs from wants, and the value of consistency.