Ep 144: "Empowering Financial Relationships: Navigating Money, Emotions, and Family Dynamics"

Money & You with Michelle Perkins

Michelle Perkins was joined by guest Abbe F. Large CLU, CLTC, a prominent financial advisor with Lenox Advisors. They discussed the importance of being supported through challenging times with grace and dignity, focusing on love and family when money is removed from the equation. Abbe shared a story about helping a woman in financial distress and emphasized the role of a financial advisor in a family's life. They also talked about the significance of understanding one's relationship with money and the emotional aspects of money. Abbe highlighted the importance of having open conversations about money, even with children, to promote financial responsibility and a healthy relationship with money. The conversation underscored the need for financial literacy and communication within families, regardless of professional expertise. The host praised Abbe for her work in discussing money openly and hoped for more listeners to benefit from such conversations.
00:03 - Empathy in financial planning
09:08 - Role of financial advisors
16:29 - Balancing money relationships
25:39 - Parenting and money values
36:19 - Open conversations about money
In this episode of "Money & You," host Michelle Perkins explores the importance of empowering financial relationships and navigating the complexities of money, emotions, and family dynamics. Joined by guest Abbe F. Large, a notable financial advisor with a unique perspective on supporting clients through challenging times, the conversation delves into the role of financial advisors in families' lives and the impact of childhood experiences on money relationships.
The discussion highlights the role financial advisors play in providing guidance and support during life transitions, showcasing the value of open communication and equal involvement in financial decisions within relationships. Michelle and Abbe explore the emotional aspects of money and the impact of childhood experiences on individuals' relationships with finances, underscoring the need for honest conversations and financial education within families. Abbe shares a personal anecdote about helping a client navigate financial challenges, showcasing the importance of listening, understanding, and empowering individuals to take control of their financial well-being. The conversation touches on the role of parents in instilling financial responsibility in children, emphasizing the value of early conversations about money and the impact of parental attitudes on children's financial behaviors.
Abbe Large emphasizes the importance of involving each person in financial conversations to ensure that everyone is heard and understood, promoting a healthy relationship with money.
She also believes it is important for families to understand that you don't need to be a professional to talk about money, just like you don't need to be a doctor to talk about health, emphasizing the importance of open conversations about finances.
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