Saturday, June 10, 2023

Three three big money conversations with family: Robert Gignac

What are the big three money conversation with your family? https://youtu.be/loUejQvmSK8 Robert Gignac points out the importance of these conversations, the pitfalls and offers advice on how to approach them and the people. The three family money conversations are: Parent to young child to set life lessons Partner to partner - especially early in the relationship Adult child to elderly parent about safety and security What makes money conversations so emotional? The lost lessons of the piggy bank? How might money be used as a weapon in a relationship? Where does money come from? (Not as silly as you might think) ----- Outline and Topics 00:00 Introduction 02:11 Conversations about money with family 03:04 Why do money conversations get emotional? 04:20 Money conversation with your children 04:58 Lesson from the piggy bank 09:11 What key lessons to teach your child about money 11:44 Money conversation between marital partners 13:23 How to have a civil conversation with your partner 18:17 Asl your partner this question about money 19:20 Money conversation with elderly parent 21:18 Talk about the scams targeting seniors 25:09 How scammers use emotions 26:35 Rich is a State of Mind 28:23 Advice to have productive money conversations with family ----- Robert Gignac is the author of the Canadian best-seller "Rich is a State of Mind" available only at https://richisastateofmind.com/order/ Robert Gignac speaks to companies, associations and groups about personal finance, doing better/different things with your money and creating the future you want. Learn more about Robert and his programs here https://robertgignac.com/ ----- You can listen to this conversation with Robert on the podcast https://yourintendedmessage.podbean.com/e/56-robert-gignac-the-money-conversations/ https://yourintendedmessage.com/episodes/56-robert-gignac-the-money-conversations-035 ----- Summary What happens when money becomes a weapon in a relationship? 0:00 One partner tries to use money as a weapon against the other. Welcome to your intended message. Introduction to today’s topic. 1:54 Conversations about money within family. Money remains an emotional issue in 2021. Don’t spend more money than you have. 4:28 The fundamental lesson today is to spend less than you have. Where money comes from. Why is working such a dirty topic for parents? 7:09 Working for money is a dirty topic. New money doesn't grow on trees. The123 key lessons parents should convey to their children. Positive lessons from parents on money. The importance of having the money discussion with your partner. 11:25 The next stage in life, the money discussion. 73% of all statistics are made up on the spot. How early in a relationship can you know if you’re on the same page? 13:43 Early conversations about money are critical to a healthy relationship. Money can be weaponized. What is a typical partner relationship that is not going to work? 15:56 How money can become a wedge in a partner relationship. Non-threatening questions to ask a partner. Ask a potential partner what their earliest memory of money is. Family money discussion. The scams that are out there targeting your parents. 20:50 Talk to parents about scams targeting their parents. Safety is a safety issue. Telephone Scam for Energy Services. 23:42 Telephone scam for energy services. Emotions at play in this type of scam Who is the intended audience for Rich Is A State Of Mind? 26:07 Robert's bestseller, rich rich is a state of mind. Financial advisors love using the book. Three conversations middle-aged people need to have about money. Money is not an emotion. ----- Your Intended Message is the podcast about how you can boost your career and business success by honing your communication skills. We’ll examine the aspects of how we communicate one-to-one, one to few and one to many – plus that important conversation, one to self. In these interviews we will explore presentation skills, public speaking, conversation, persuasion, negotiation, sales conversations, marketing, team meetings, social media, branding, self talk and more. Your host is George Torok George is a specialist in communication skills. Especially presentation. He’s fascinated by the links between communication and influencing behaviours. He delivers training and coaching programs to help leaders and promising professionals deliver the intended message for greater success. www.SpeechCoachforExecutives.com https://www.linkedin.com/in/georgetorokpresentations/ https://www.instagram.com/georgetorok/ https://www.youtube.com/user/presentationskills1