How can we talk about finance?

Discussing finances can be challenging but is crucial for transparency and planning. Here’s how experts suggest you approach it:

1. Start Early: Begin discussing money matters in your late teens or early 20s to shift the narrative around money. Kevin O'Leary suggests teaching financial literacy in schools and making conversations about money a regular part of family dialogue 1.

2. Address Hesitations: Amy Porterfield advises addressing financial concerns head-on, such as by offering payment plans and helping people justify expenses creatively. This approach helps alleviate financial doubts and encourages action 2.

3. Understand Emotions: Money is deeply emotional, making it difficult to discuss. Patrice Washington highlights that cultural differences and lack of early financial education contribute to this discomfort 3 4 5.

   Shifting the Money Narrative

   Kevin O'Leary

   Lewis Howes

   Learn how to shift the narrative around money and attract it in your favor by having open conversations about finances, teaching financial literacy in schools, and starting to invest early.

   

   The School of Greatness

   "DEVELOP THESE 3 Skills To Become A MILLIONAIRE!" | Kevin O'Leary & Lewis Howes

   Explore similar conversationsView full episode summary

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4. Build Comfort: Practicing open dialogue about finances, much like a muscle, strengthens over time. Discussing topics like savings and income openly with partners helps break down the cultural taboo of money being an off-limits subject 6.

5. Make It Collaborative: When discussing finances with your partner, approach the conversation casually and focus on shared dreams and future planning. Use conversation starters and work on understanding each other’s financial priorities and values 7.

By applying these strategies, you can foster a healthier, more transparent approach to discussing finances with friends, family, and partners.