Episode 11: Picking up the pieces
Finance 101On this episode…
When you lose your business, your marriage and your home in the middle of a recession, how do you hold it together? And more importantly, how do you find a way forward? Mother and son, Beth and Gordon, discuss picking up the pieces after their family’s financial implosion and how tackling their money issues as a team transformed their relationship and their approach to money.
This episode’s expert is Bari Tessler, Financial Therapist and author of The Art of Money: A Life-changing Guide to Financial Happiness. Bari unpacks Beth and Gordon’s “money story” and offers tips for how parents can approach financial uncertainty with their own kids.
Key Takeaways:
- When dealing with a financial issue as a family, focus on open communication and a common goal.
- Understand your money story: how your upbringing and experiences could be impacting your current relationship and behavior around money.
- When discussing family finances with kids, try to be as transparent as possible while providing age-appropriate context.
Want to learn more? Check out:
Money moves for uncertain times
Subscribe on your favorite platform
More podcast episodes:
Subscribe on your favorite platform
The views and opinions expressed in this podcast are those of the speakers at the time of recording and are subject to change as market and other conditions warrant. This podcast is for informational purposes only and is not intended to be, nor shall it be interpreted or construed as, a recommendation or providing advice, impartial or otherwise, regarding any specific product or security.
Financial planning and investment advice provided by John Hancock Personal Financial Services, LLC (“JHPFS”), an SEC registered investment adviser. Investments: not FDIC insured – No Bank Guarantee – May Lose Value. Investing involves risk, including loss of principal, and past performance does not guarantee future results. Diversified portfolios and asset allocation do not guarantee profit or protect against loss.Nothing on this site should be construed to be an offer, solicitation of an offer, or recommendation to buy or sell any security. Before investing, consider your investment objectives and JHPFS’s fees. JHPFS does not provide legal or tax advice and investors should consult with their personal legal and tax advisors prior to purchasing a financial plan or making any investment.
Unless otherwise noted, the speakers are not affiliated with John Hancock and they may have been compensated for their time.