Google “Topics that people avoid talking about” and money appears on almost any list (along with politics, region, death, and sex). Throw in the often complicated dynamics of family relationships, and it’s no wonder that family conversations around finances can be so difficult particularly during critical life transitions that involve financial decisions. Family money conversations is the topic on this episode of CFO at Home with Lori Sackler, Certified Investment Management Analyst, Certified Financial Planner, and author of The M Word: The Money Talk Every Family Needs to Have about Wealth and Their Financial Future. You can find out more about Lori and The M Word by visiting themword.com
Key Takeaways:
(05:34) Communication barriers can make it difficult for partners to talk about money
(07:25) There's a natural difference between the way men and women view money and approach finances
(19:12) The Five Step Process to guide you through life’s transitions
(29:31) When should you introduce kids into your financial world, educating kids about money
Ways to contact/follow:
Contact the Host - vince@thecfoathome.com
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