Bonus: The Role of Parents in Teaching Money Management - Ed Vargo

"If you don't know about the money, you don't have control over the money or access to the money." Ed Vargo, the founder of Burning River Advisory Group and Enlighten Her, is a fervent advocate for financial literacy, particularly focusing on empowering women. Inspired by his immigrant mother's struggles with financial independence, Ed has dedicated his career to providing compassionate financial guidance to help women achieve equality through financial strength. He emphasizes the significance of teaching financial literacy from a young age, advocating for parents to model positive financial behaviors for their children and encouraging open discussions about money within families. Vargo also highlights the impact of financial misunderstandings on relationships, especially during divorce, underscoring the importance of assembling a knowledgeable support team and fostering financial education to promote harmony and independence. Key Takeaways: ->Ed Vargo emphasizes teaching children about money management from a positive perspective and modeling good money behavior. ->Communication about money values and decisions is crucial in relationships to avoid disharmony and resentment. ->Open dialogue about money in relationships can prevent conflicts and build financial harmony. ->Educating oneself about family finances, especially during divorce, is essential to avoid being at a disadvantage. ->Enlighten Her offers resources like white papers on money myths and steps to take during divorce to empower women in managing their finances. ->Early intervention in divorce proceedings is crucial to avoid post-settlement regrets and make informed decisions. ->Enlighten Her aims to empower women to take control of their finances and make informed decisions, especially during major life events like divorce. Connect with Ed Vargo: https://www.linkedin.com/in/joe-zweben-17676434a/ https://www.instagram.com/joezweben_/ Connect with Katherine Miller: https://www.linkedin.com/in/kemiller1/ https://miller-law.com/