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Afford Anything | Make Smart Money Choices

How to Talk to Friends about Money, with Erin Lowry

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 3 February 2021

⏱️ 57 minutes

🧾️ Download transcript

Summary

#298: Money conversations with friends, family members, or significant others are unavoidable. Most of us dread these conversations - they’re awkward, heated, or draining. Erin Lowry, author of Broke Millennial Talks Money, shares tips and scripts for tactfully setting financial boundaries and expectations without drama. If you’re anxious about being in a wedding, splitting the tab with friends, or asking your siblings about taking care of your parents, this episode is for you. For more information, visit the show notes at https://affordanything.com/episode298 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.8

Every choice that you make is a trade-off against something else and that doesn't just

0:13.6

apply to your money, that applies to your time, your focus, your energy, your attention.

0:18.7

Anything in your life that is a limited resource is something that you need to manage because

0:23.4

saying yes to something means that you are implicitly saying no to other opportunities.

0:29.9

Anything has a trade-off.

0:31.8

And that opens up two questions.

0:34.0

First, what do you want to focus on?

0:36.1

What matters most?

0:37.9

And second, how do you focus on that?

0:40.6

How do you align your daily decisions in order to reflect that?

0:45.0

The what and the how?

0:47.0

And really, the core of both of those questions is the why.

0:50.4

And that's what this podcast is here to explore.

0:52.6

My name is Paula Pan.

0:53.6

I am the host of the Afford Anything podcast.

0:56.3

And today we're going to talk about how to have awkward money conversations with friends,

1:01.4

with family members, with significant others, with co-workers.

1:05.1

These types of conversations are unavoidable and most of us dread having these conversations.

1:10.2

They're awkward, heated, or draining, or all of the above.

1:14.2

Erin Lowry is the author of the Broke Millennial Book Series.

1:19.1

In her third book in this series, Broke Millennial talks money, she shares tips and scripts

...

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