The Importance of Having a Prenup and Having the Conversation

The speakers highlight the importance of having a prenuptial agreement before getting married, discussing the benefits of having a conversation about its terms and using a prenup template. They also mention the option of a post-nup in the future, emphasizing the need for open communication to avoid negative perceptions.

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On today’s Millennial Investing Rewind Episode, Robert Leonards chats with Erin Lowry to discuss her book— Broke Millennial Talks Money: Scripts, Stories and Advice to Navigate Awkward Financial Conversations. Erin is a personal finance expert, founder of Broke Millennial, and the author of the now three-part Broke Millennial Series. Her main goal is to get people more comfortable with their money and to talk about their finances in a way that it is understandable, digestible, non-condescending and most importantly relatable.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:14 - What is a money script?

04:03 - What are the four main money scripts?

04:03 - How to tell your friends that you can’t afford the same lifestyle they can.

11:31 - How to ask parents if they can afford retirement and if they need support as they age.

25:44 - How to open conversations about salaries with co-workers.

34:58 - What is a prenup and how do we start a conversation with our partner?

50:13 - How to get on the same page with our partner on everyday money things.

57:12 - How to prepare kids to have conversations about money.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Related episode: Listen to MI018: Take Control of your Money with Erin Lowry, or watch the video.
Recommended Book: Broke Millennial Talks Money by Erin Lowry.
Recommended Book: Broke Millennial Takes On Investing by Erin Lowry.
Recommended Book: Broke Millennial by Erin Lowry.
Recommended Book: Millennial Money by Patrick O’Shaughnessy.
Recommended Book: The Total Money Makeover by Dave Ramsey.
Recommended Book: Set for Life by Scott Trench.
Check out the books mentioned in the podcast here.

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