Money can be such a taboo subject, but hot take you guys, it doesn't have to be.

So here are five important money conversations that everyone should have with the people in their life.

Be sure to like and subscribe and share this episode with a friend, or to one of these five people that we're about to talk about.

All right, conversation number one is with your parents. Okay, so this one gets a little tricky because I feel like I talk to a lot of adult children who are like, I don't even know where my parents are at financially. I don't even know what's going to happen. You know, I don't know if they have a will. I don't know anything. So this is a conversation you have to be, I think, very cautious about because depending on your parents and your relationship with them, will depend on how this goes. So a perfect scenario.

Okay, we'll just paint the perfect picture is, hey, mom and dad, I was just curious, you know, financially for you guys,

where you are just so we know as kids or your only child, you know, as you're aging and getting

older, I just want to make sure that your wishes, everything you're wanting is laid out well.

So do you have a will? Oh, you do? Great. Do we only

want to talk about that just to make sure that everyone understands what's in it? You do? Wonderful.

Thanks, Mom and Dad. Do you have retirement? Okay. Is it enough to live on? Okay. If you want to tell

me, that's great how much you have. If not, no big deal. Oh, you want to tell me everything? Wonderful. Great. Yay. Healthy conversation. That's what we want. You can have all the information about your parents. Again, it's not for you to be nosy, but it's for you to be able to know how to plan well for them, whether if they're aging and they get sick or something and you know kind of, hey, here's where everything is, here's the accounts, here's what to do. Or if one of them suddenly passes away, if they both pass away suddenly, and you're left with this, you know, a state, big or small debt, no debt, but you know what is going on because we have found over and over again,

especially in the time of grief, when money doesn't have to be the thing that you're trying to investigate, it just allows you to actually grief and actually be in the moment. But for so many

people, if something serious does happen, you know, they're figuring out all this other stuff

and attorneys are calling and it just becomes a mess and you're having to deal with a money issue when you should just be dealing with the issue of grief. So the more that is said, the more that is communicated, that is the healthiest path. And again, you're going to have to decide for your parents, you know, what they're going to be able to hear, what not, because again, everyone has a different relationship with their parents, but that is the ideal scenario. And again, if they won't give you all that information, if they won't talk about it, there's not much you can do, right? We can't control them. You can't control them. You can't cause them to change. You can maybe give a little bit of encouragement or maybe ask in like a different way one or two times. But if they don't

want to tell you, they're not going to tell you. But ideally for you to be able to know, hey,

are you good? Not only into retirements, but also do we all know what is going to happen,

you know, when the time comes when you pass? Because the truth is, everyone dies. So that's

the truth. All right, conversation

number two is with your kids. So this is going to look different depending on their age.

But when you have little ones around, you know, start talking to them about money. I think the

importance of understanding where money comes from is really important to say, hey, money comes from work. And so whether you are helping dad load firewood, which my kids did this weekend, you know, you're going to be working. You're going to be doing stuff. There'll be some stuff you do around the house because you're part of the family, unloading the dishwasher, you know, that kind of thing. But there are going to be things that will pay you on because we want to equate this idea that when you work, you get paid. That is part of the process. And when you can learn that as a little kid, that is so big. And then out of that, you know, we're gonna learn to give and save and spend. We're gonna talk about these things, but we're also going to do them. Now, if you have older kids, teenagers, Maybe it's saving up for their car when they turn 16. Maybe you're going to contribute part.

Maybe you're going to contribute part. Now, if you have older kids, teenagers, maybe it's saving up, you know, for their car when they turn 16.

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