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The Plutonomix Podcast: There are always two sides to every issue, both of which have merit
10 minutes
2 years ago
Speaking of Money...
In this week’s episode of the Plutonomix Podcast, Barnaby Levin and Laurie Kamhi discuss the importance of speaking openly about money, emphasizing the need for couples to align their financial goals and have regular discussions on how best to get there, together. They highlight the significance of preparing for unexpected events, such as death or divorce, by sharing passwords and ensuring all financial information is readily accessible, in such an event. And they point out the benefits -- when families do speak openly -- it can provide through reduced stress; increased understanding; and, ultimately, greater happiness.
TIMESTAMPS
02:00 Raising resilient, self-reliant kids
03:45 The importance of open communication about money in relationships
04:50 "Begin with the End in Mind" when discussing finances
06:20 It's never too early or too late to develop good money habits
06:50 Preparing for unexpected events, like death or divorce
07:35 Keeping financial information safe, but available
RESOURCES
What I Think I Know by Barnaby Levin
The Illusion of Knowledge by Howard Marks
Closing Technique of the Week: The Ben Franklin Close
CNBC: The Fed has not made a compelling case for taming inflation by crushing demand, says Judy Shelton
Stanley Druckenmiller says he'd be 'stunned' if a recession doesn't happen in 2023
Contact Barnaby
Contact Laurie
The Plutonomix Podcast: There are always two sides to every issue, both of which have merit