Description

I talk a lot about relationships on this podcast, and today is no different. Well, maybe a little. What’s your relationship with money? Does thinking about your bank or investment accounts leave you feeling stressed or excited? Do you consider money to be simply a tool, or did someone in your past twist that bible verse to convince you that it’s the root of all evil. What attitudes about money were you exposed to in your childhood that are holding you back all these years later?

My guest today is Shari Rash, Financial Advisor and founder of Greenway Wealth Advisory. Shari has over 17 years of experience working in the financial services industry, and is the author of Insider's Secrets about Women and Money.

We talk about how the lessons we either did or didn’t learn about money from previous generations in our family could be holding us back from a healthy relationship with it.

Shari shares insights she has learned about personal finance through the years, differences between how men and women view finances and she explains how to discover your spending personality.

----more----

Website
 

https://www.greenwaywealthadvisory.com/

 
LinkedIn URL
 

https://www.linkedin.com/in/shari-rash

 
Facebook URL
 

https://www.facebook.com/moneychicshari

 
Twitter URL
 

https://www.twitter.com/moneychicshari

 
YouTube URL
 

https://www.youtube.com/@MoneyChicshari

 
Instagram
 

https://www.instagram.com/moneychicshari
 
----more----

Summary
The conversation explores the relationship between individuals and money, particularly how family programming and upbringing shape one's attitudes and behaviors towards money. The guest, Sherry Rash, a financial advisor, discusses the differences in how men and women view finances and the challenges women face in the male-dominated financial services industry. She also emphasizes the importance of understanding one's spending personality and making conscious financial decisions. The conversation touches on the impact of generational attitudes towards money, from the savings-focused mindset of boomers to the financial uncertainty experienced by Gen Xers. The conversation covers various topics related to personal finance, including the mindset shift in retirement planning, the financial challenges faced by millennials, teaching kids about money, and the importance of communication in couples' finances. Shari shares insights on different money personalities and the need for financial education. She emphasizes the importance of seeking a financial advisor who understands individual goals and provides ongoing advice. Overall, the conversation highlights the need for financial empowerment and making informed decisions about money.
 
Keywords
money, relationship, family programming, attitudes, behaviors, women, men, financial services industry, spending personality, generational attitudes, savings, financial uncertainty, personal finance, retirement planning, millennials, money personalities, financial education, communication, couples' finances, financial advisor
 
Takeaways

• Family programming and upbringing play a significant role in shaping one's attitudes and behaviors towards money.
• Women often feel left out of financial conversations and are underserved by the male-dominated financial services industry.
• Understanding one's spending personality is crucial for making conscious financial decisions.
• Generational attitudes towards money vary, from the savings-focused mindset of boomers to the financial uncertainty experienced by Gen Xers.
• Empowerment and control over money can be achieved through financial education and awareness. There has been a mindset shift in retirement planning, with individuals now being solely responsible for their own retirement savings.
• Millennials face unique financial challenges, such as high student loan debt and housing costs, which impact their ability to save for the future.
• Teaching kids about money through an allowance and involving them in financial decisions can help them develop wise money habits.
• Having open and honest communication about money is crucial in couples' finances, and seeking the guidance of a financial advisor can help navigate financial decisions.
• Understanding one's money personality and removing emotions from financial decisions can lead to a more empowered and disciplined approach to managing money.

 
Chapters
00:00The Influence of Family Programming on Money Attitudes
06:03Challenges Faced by Women in the Financial Services Industry
14:00Understanding Your Spending Personality
23:47Empowerment and Control Over Money
24:46The Mindset Shift in Retirement Planning
26:42Financial Challenges Faced by Millennials
29:06Teaching Kids About Money
30:00Communication in Couples' Finances
32:54The Importance of a Financial Advisor
34:19Understanding Money Personalities