Cultural and generational differences play a big role in the financial relationship between parents and their adult children. In traditional African culture, parents and children simply don’t discuss finances, and for Ornella and her mother, Didi, that was certainly the case. That is, until Ornella followed in Didi’s footsteps and opened up a restaurant that serves traditional African food. Then everything changed, and they’re never going back.
This episode’s expert is Dr. Brad Klontz, Certified Financial Planner, financial psychology professor, and Founder of the Financial Psychology Institute. He delves into the study of financial psychology as well as:
– How parents and kids can broach the topic of money
– “Money scripts” and how they impact us
– How to overcome financial-related shame
Visit our episode page: https://www.johnhancock.com/ideas-insights/podcast-episode-9.html
Learn more about Dr. Brad Klontz: https://www.yourmentalwealth.com/about-us/dr-brad-klontz/