Edward Jones Financial Advisor Andy Esser joins Wealth! to discuss how families can discuss their finances and promote healthy financial habits.
"It takes conversations built on intentionality, respect, and trust," Esser explains. He says that families should establish their financial goals and lay out what "success" means to them. Topics should cover not just personal finance but potential college and retirement plans, too.
He adds, "Families are happier and richer when they leverage each other’s strengths and perspectives and wisdom. And finally, it provides that basis for trust so that people can make constructive decisions going forward."
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