Almost half of Americans say that the most difficult topic to discuss with loved ones is their personal finances, so much so that they would rather talk about death, politics, or religion. But what price do you pay for staying quiet? In her fifth book, Kathleen Burns Kingsbury, a wealth psychology expert with over twenty-five years of experience empowering women, couples, parents, families, and wealth advisors, provides you with the answer.
This book equips you with the practical tools needed to navigate difficult conversations and future-proof your finances. Discover how to identify your thoughts and beliefs about wealth, and how doing so can help you talk more openly and honestly about money with loved ones. Acquire skills for engaging in effective dialogues with aging parents about healthcare costs, estate planning, and end-of-life issues. Learn tips for fighting fair financially with your partner, and for raising a financially literate next generation.
Using Money Talk Challenges and real-life stories, Kingsbury coaches you (and your trusted advisor) to take action. You’ll walk away with a roadmap for putting what you learn into practice.
Breaking Money Silence is a catalyst for a money revolution leading to a more gender-savvy, financially secure, and financially literate world.
- Discusses the societal, familial, and personal roadblocks that make talking about money and finance challenging
- Explores gender differences when it comes to talking about money and how "money silence" contributes to the wage gap for women
- Reveals the cost of living in "money silence," including how it contributes to the high U.S. divorce rate, how it inhibits the ability of some parents to raise financially literate and responsible children, and how it stops families from successfully passing on wealth
- Identifies common money myths that fuel financial misunderstandings and mistakes, and offers tools for uncovering these fallacies
- Shows how the financial advising industry has colluded with the idea that men and women don't need to talk about family finances as a couple—and how advisors can advocate for change
- Shares practical, easy-to-implement tips and tools for talking about money with partners, parents, siblings, children, and employers/employees
- Offers a "Money Talk Challenge" coaching exercise at the end of each chapter, with a special section on how advisors can use these tools with clients