What are those phrases you tend to dread when they come from your boss? “Can we have a word in private?” or “We need to talk” are pretty anxiety-inducing for most of us. Well, today we’re going to tackle how to start a conversation with your grown children who haven’t started investing so they don't dread the conversation before it even begins. I’ll encourage you to think about how you introduce the topic, share ideas on how to start conversations in non-ominous ways, and more.
Listen in to get insight into where to start these conversations—because we all know it can be overwhelming to start learning about investing. I’ll give you some exact phrases you can say and what not to say. You will also hear specific ways to get their attention and share the benefits of investing, as well as the long-term incentives.
Listen To The Episode Here:
What You’ll Learn:
- How not to start a conversation.
- Why the way you start a financial conversation with your children is so important.
- Specific conversation starters you can use.
- Challenges parents run into when talking about investing.
- How to address objections and concerns.
Ideas Worth Sharing:
“If you’re planning to start talking about investing with your 20-something child who hasn’t started investing yet, the key is how you say things. Many parents often get the conversation started on the wrong foot, which effectively ends it.” - Regina McCann Hess
“Young people actually do have an advantage when it comes to investing and that advantage is time—the secret weapon of investing.” - Regina McCann Hess
“Each year they are not investing, they are missing out on financial growth.” - Regina McCann Hess
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