Cameron Huddleston's "Mom and Dad, We Need to Talk" offers practical advice and encouragement for adult children to initiate crucial conversations with their aging parents about finances. The book addresses common anxieties and fears surrounding these discussions, providing strategies for navigating sensitive topics like retirement planning, long-term care, and estate planning. Huddleston shares real-life stories from various families, illustrating the importance of proactive communication and planning. The book emphasizes the benefits of open dialogue, not only for the parents' well-being but also for the peace of mind of their children. Ultimately, it aims to empower readers to approach these conversations with confidence and compassion.
This book, first published in 1989, outlines seven habits that are designed to help individuals become more effective in their personal and professional lives. The habits are grouped into three categories: Private Victory (habits 1-3), Public Victory (habits 4-6), and Renewal (habit 7). The habits include being proactive, beginning with the end in mind, putting first things first, thinking win-win, seeking first to understand and then to be understood, synergizing, and sharpening the saw. Covey emphasizes the importance of personal integrity, effective time management, empathetic communication, and continuous self-improvement[2][5][4].
#35: Former financial advisor turned podcast host Joe Saul-Sehy joins Chris to discuss modern money management. They talk about why you should abandon trendy investment opportunities and what you should replace them with, why your wealth can grow faster if you don’t diversify your investments, and how emergency funds can save you money. They also share plenty of tax and investing hacks.
Joe Saul-Sehy (@averagejoemoney) is the creator and host of the award-winning podcast Stacking Benjamins and a co-host of the Money with Friends podcast. He is the co-author of the newly published book Stacked: Your Super-Serious Guide to Modern Money Management. Joe’s career in media started when he was The Money Man on Detroit’s local TV station WXYZ. Previously, he was a financial planner and Certified Financial Planner™ for over 15 years.
Full show notes at: https://allthehacks.com/stacking-benjamins-joe-saul-sehy
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Resources Mentioned
Connect with Joe Saul-Sehy: Website | Twitter | LinkedIn
Joe’s Podcasts: Stacking Benjamins | Money with Friends
Joe’s Book: Stacked: Your Super-Serious Guide to Modern Money Management
Other Books Mentioned:
Investopedia: Modern Portfolio Theory | Efficient Frontier
Maximizing Deductible Interest Expense Articles: SVB | Andersen
Full Show Notes
(00:12) Who Is Joe Saul-Sehy?
(02:14) Why He Decided to Write a Book (And How It All Started With The Hardy Boys’ Detective Handbook)
(09:21) Why You Should Narrow Investment Opportunities to Make Sound Financial Decisions
(14:26) Where You Can Find Investment Opportunities Aligned With Your Goals (Stock Market Alternatives)
(19:24) 2 Red Flags to Look Out For When Evaluating Investment Opportunities
(21:24) The Upsides to Making Boring Investments Like Farmland
(24:37) Why You Get Wealthier Faster If You DON’T Diversify
(29:54) Should You Hire a Financial Advisor (The Stories of Walt Disney and Mary Barra)
(34:21) Questions to Ask Before Hiring an Advisor
(35:42) What Most People Don’t Optimize Enough
(36:37) How an Emergency Fund Can SAVE You Money
(42:55) Do You Need Disability Insurance?
(46:07) Joe’s Experience Filing a Homeowner’s Claim After a Robbery
(50:20) What You Need to Know About Taxes as a New Investor (And How You Can Qualify for Preferential Tax Treatment)
(55:02) How to Financially Support Your Aging Parents
(59:23) Should You Use Leverage?
(1:07:59) How to Connect With Joe Saul-Sehy
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
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