Radio Show #30: How to Have Those Tough Financial Conversations with Family
We are entering the holiday season and your capacity for stress is probably pretty limited, but we’re going to potentially ramp it up a notch by talking about the difficult money conversations everyone should be having. We have seminars on this topic pretty often so we wanted to expand on that discussion during this week’s show.
Why are these conversations so crucial? As Shawn points out, money has the power to either tear families apart or bring them closer together, depending on how it’s discussed and managed. The key is to approach these talks with intention and focus on family values rather than dollar figures. By emphasizing shared values and family history, you can create a foundation for financial harmony that transcends generations.
Here’s some of what we discuss in this episode:
• The guys share something good that’s non-financial about the holidays.
• Families approach financial conversations differently and we’ll share some examples.
• Why would parents want to start having this talk with their children?
• What’s the best way to approach these money conversations with children?
• Family conversations can spark harder conversations about money.
• How to approach estate planning with your family.
Book a 15-minute discovery call with the team here: https://calendly.com/ask-bulmanwealth or ask questions via email at ask@bulmanwealth.com.
