Being a "Rich Auntie" is more than just spoiling your nieces and nephews with gifts; it's about achieving financial independence for yourself and setting healthy boundaries with family.
In this episode of the Thank Me Later Show with Jini, we speak with Chris Hollis, the President of Envision Business Management Group and an aunt of seven nephews. Chris shares more about her role in her family, inspiring her nephews to become financially independent and inspiring her siblings, parents, and grandparents to leave their legacy.
We dive deep into the journey of becoming a financially stable auntie, nurturing relationships with nephews and nieces, and establishing clear expectations when it comes to financial support for family members.
If you apply the tips in this podcast, I promise that you will #thankmelater!
#thankmelatershow #thankmelatermoney #jinithornton #moneycoach #financialexpert #richauntie #sandwichgeneration
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Timestamps:
5:55 - Misconceptions of being a rich auntie
7:35 - Advice for becoming a rich auntie
9:05- How to manage relationships with your nephews and nieces
11:15 - Consider this process to decide if and how you will help your family
13:55 - Tips for handling the holidays with nieces and nephews
17:50 - The importance of teaching your nieces and nephews how to fish
19:07 - How to balance family with your own priorities
20:33 - Characteristics that determine if you’re the leader in your family
21:47 - The experience of being apart of the “sandwich generation”
27:27 - How to get your family on board with completing their estate plan and managing their affairs
