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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: How to Talk About Money w/ Erin Lowry

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 16 February 2024

⏱️ 69 minutes

🧾️ Download transcript

Summary

On today’s Millennial Investing Rewind Episode, Robert Leonards chats with Erin Lowry to discuss her book— Broke Millennial Talks Money: Scripts, Stories and Advice to Navigate Awkward Financial Conversations. Erin is a personal finance expert, founder of Broke Millennial, and the author of the now three-part Broke Millennial Series. Her main goal is to get people more comfortable with their money and to talk about their finances in a way that it is understandable, digestible, non-condescending and most importantly relatable. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:14 - What is a money script? 04:03 - What are the four main money scripts? 04:03 - How to tell your friends that you can’t afford the same lifestyle they can. 11:31 - How to ask parents if they can afford retirement and if they need support as they age. 25:44 - How to open conversations about salaries with co-workers. 34:58 - What is a prenup and how do we start a conversation with our partner? 50:13 - How to get on the same page with our partner on everyday money things. 57:12 - How to prepare kids to have conversations about money. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related episode: Listen to MI018: Take Control of your Money with Erin Lowry, or watch the video. Recommended Book: Broke Millennial Talks Money by Erin Lowry. Recommended Book: Broke Millennial Takes On Investing by Erin Lowry. Recommended Book: Broke Millennial by Erin Lowry. Recommended Book: Millennial Money by Patrick O’Shaughnessy. Recommended Book: The Total Money Makeover by Dave Ramsey. Recommended Book: Set for Life by Scott Trench. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.4

On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with our new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. On today's show, I chat with

0:38.4

Aaron Lowry again, and we discuss her newest book, Broke Millennial Talks Money. During this interview,

0:44.6

we went into detail about different situations where you can use the money scripts in day-to-day

0:49.3

life, whether it is with your partner, friends, parents, coworkers, and even your kids.

0:55.5

Aaron gave a lot of insight as well as advice on how to navigate through those awkward financial

1:00.3

conversations, like how to bring up pre-nubs and post-nubs with your partner without them feeling

1:05.4

offended, how to discuss retirement with your parents and if they would need your support

1:09.9

as they age, and even how to open conversations about salaries with your parents and if they would need your support as they age, and

1:11.5

even how to open conversations about salaries with your fellow co-workers. We also shared about

1:16.7

similar situations like these that occurred in our lives and how we were able to go about

1:21.4

them. Now, without further delay, let's get into this awesome episode with Aaron Lowry.

1:28.0

You're listening to Millennial Investing by the Investors Podcast Network, where your host,

1:33.5

Robert Leonard, interview successful entrepreneurs, business leaders and investors to help

1:38.5

educate and inspire the millennial Generation.

1:50.8

Hey, everyone.

1:52.8

Welcome back to the Millennial Investing Podcast.

1:54.9

As always, I'm your host, Robert Leonard.

1:57.4

And with me today, I bring back Aaron Lowry.

1:58.4

Welcome to the show, Aaron.

2:00.3

Thanks for having me back.

2:06.7

For those who didn't hear episode 18 with us together, that was quite a while ago. It's almost 80 episodes ago. Tell us a bit about you and your background. Man, I still have yet to refine a solid

...

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