cover of episode Dr. Moira Somers: How to Have Productive Conversations About Money

Dr. Moira Somers: How to Have Productive Conversations About Money

2020/6/16
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Stay Wealthy Retirement Podcast

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Dr. Moira Somers discusses the impact of direct and indirect financial stress on families, highlighting how even unaffected individuals can experience indirect stress through feelings of guilt, support decisions for affected loved ones, and witnessing distress in family members.

Shownotes Transcript

Dr. Moira Somers is a psychologist and professor and has uncommon expertise in neuroscience, financial psychology, and mental health.

In this interview we dive into three important topics:

  • Direct and indirect financial stress
  • How to have productive money conversations
  • Why it’s a bad idea to avoid talking to adult children about your end of life plans and how to have that conversation

If these uncertain times have you more worried than usual and you would like to learn how to better talk to your family about money, today's episode is for you.