Breaking Money Silence

Anyone concerned about finances—and that's just about everyone—will welcome this step-by-step guide to opening up about a difficult subject. It offers a strategy that can save money, improve relationships, and help people raise fiscally responsible children. • 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