In this chapter, the guest, Erin Lowry, introduces herself as the author of the Broke Millennial series and discusses the importance of having relatable discussions about personal finance. They explore the first money script of telling friends that you can't afford the same lifestyle and provide tips on communicating honestly and setting boundaries. They also discuss strategies for talking to parents about their financial situation and providing support during their retirement.
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
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