Prof G Markets Prof G Markets: How Scott Navigates Money with His Family
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Aug 19, 2024 Scott shares his personal approach to discussing money with his family, emphasizing open communication and transparency. He offers advice on navigating financial dynamics in partnerships and the emotional complexities of supporting aging parents. The conversation highlights the importance of aligning financial goals in relationships and teaching children about money responsibly. Scott hopes to instill values of effort and empathy in his kids, ensuring they understand the true meaning of wealth beyond just finances.
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Partner Choice
- Consider a partner's competence and financial stability.
- Scott Galloway finds these qualities attractive in partners, not just their income.
Spending Habits
- Scott Galloway prefers spending while his partners are more cautious.
- He encourages his wife to spend and enjoy their wealth.
Joint Decisions
- Discuss significant financial decisions jointly with your partner.
- This includes large purchases, renovations, or investments.
