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Motley Fool Answers

Talking to Your Parents About Money

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 19 May 2015

⏱️ 22 minutes

🧾️ Download transcript

Summary

Tips on how to bring up this sensitive topic, a checklist of things to cover, and a rundown of red flags that may indicate your parent or elderly relative is being scammed.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined by Dejani Oakam and Robert Brokamp, your fearless leaders in finances here at the Motley Fool.

0:12.0

As long as there aren't spiders involved. Totally fearless.

0:15.9

Are you really afraid of spiders?

0:16.9

I hate spiders. I don't mind spiders.

0:19.0

I don't either.

0:19.5

My husband hates spiders. So I'm the one who has to kill spiders in our house. You kill them? You know, just pick

0:24.2

them up and take them outside? Yeah, I mean, what I do is I pick them up and take them

0:28.7

outside. Did I say I killed them? No. Because I am a nice person. I will know I have found

0:33.7

the perfect man for me when he will deal with a spider and in no point during the whole

0:39.4

ordeal pretend to throw it on me. That's the man for me. Oh, I did that to my sisters all the time.

0:44.6

Oh, awful. Well, that's why you two would make an awful match. That's right. That's why you guys

0:49.0

never got together. Yeah. Yeah. All right.

0:54.4

Well, today we're going to have a conversation about an awkward conversation.

0:58.7

The one you have...

0:59.0

More awkward than that exchange.

1:01.9

Maybe a little.

1:03.2

Today we're going to have a conversation about an awkward conversation, the one you have with your parents.

1:08.1

And we're not talking about that birds and the STDs chat before you send

1:12.1

them off to the villages. Nope, we're going to talk about how to talk about money with your

1:18.3

sometimes aging, but still totally capable and smart parents. We'll help you broach the subject

1:24.1

and we'll give you a checklist of what to cover and also some red flags

1:27.7

to look out for. So, Robert and Dayonna, would you rather try to explain Tinder to your parents

...

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