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The Wealth Advantage: Preparing Women, GenX, and Millennials for Their Inheritance
Manage episode 410015728 series 3530823
Nội dung được cung cấp bởi Saijal Patel. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Saijal Patel hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
In this episode, we unpack the imminent trillion-dollar wealth transfer unfolding, with women, GenX, and Millennials set to benefit.
However, the lack of preparedness looms large. Estate plans are a mess, poor financial literacy means the inheritance will not be managed well, and families are not having important money conversation.
This is an episode you won’t want to miss as we dive into essential conversations and strategies to navigate this wealth transition successfully. My guest, Thuy Lam, a Certified Financial Planner & Money Coach from Objective Financial Partners, sheds light on crucial insights and actionable advice.
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⏰Timestamps:
00:00 - 05:40 Wealth transfer benefits millennials.
05:45 - 07:50 Immigrant family from Vietnam, taught savings early.
07:55 - 11:40 Parents fear passing on financial insecurity to kids.
11:43 - 16:00 Wealth comes with concerns for parents and children.
16:04 - 17:10 Improving diversity in hiring and financial education.
17:14 - 20:10 Executives need to address emotions and fears.
20:17 - 25:40 Managing complex estates requires careful planning and communication.
25:44 - 27:40 Differences between Money Coach and Financial Planner.
27:45- 28:40 Consider balancing paying off debt with investing.
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/
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