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Millennial Investing - The Investor’s Podcast Network
MI Rewind: How to Talk About Money w/ Erin Lowry
Feb 16, 2024
01:05:30
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Erin Lowry, personal finance expert and author of the Broke Millennial Series, shares advice on navigating awkward financial conversations. Topics discussed include how to tell friends you can't afford the same lifestyle, asking parents about retirement, talking about salaries with co-workers, prenups, and preparing kids to have conversations about money.
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Quick takeaways
- Open and honest communication is crucial when discussing money with partners, friends, parents, and coworkers.
- Setting boundaries and maintaining honesty are key strategies for discussing financial differences with friends.
Deep dives
Navigating awkward financial conversations in relationships
In this podcast episode, Erin Lowry discusses her book, Broke Millennial Talks Money, and offers insights and advice on navigating financial conversations in various relationships. She highlights the importance of open and honest communication when discussing money with partners, friends, parents, and coworkers. Erin shares examples of different scenarios and provides practical tips for handling sensitive financial topics, such as sharing different financial lifestyles with friends, discussing retirement and support for aging parents, opening conversations about salaries with coworkers, and considering prenuptial agreements in relationships. The episode emphasizes the significance of addressing these conversations early and honestly to avoid misunderstandings and financial conflicts in the future.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode