MI087: HOW TO TALK ABOUT MONEY

W/ ERIN LOWRY

07 April 2021

On today’s show, Robert Leonard talks with Erin Lowry to discuss her newest book— Broke Millennial Talks Money: Scripts, Stories and Advice to Navigate Awkward Financial Conversations. Robert and Erin spoke in detail on different situations where you can use money scripts used in the book to navigate awkward conversations that you may experience about finance in your day-to-day life.

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IN THIS EPISODE, YOU’LL LEARN:

  • What is a money script?
  • What are the four main money scripts?
  • How to tell your friends that you can’t afford the same lifestyle they can.
  • How to ask parents if they can afford retirement and if they need support as they age.
  • How to open conversations about salaries with co-workers.
  • What is a prenup and how do we start a conversation with our partner?
  • How to get on the same page with our partner on everyday money things.
  • How to prepare kids to have conversations about money.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Robert Leonard (00:00:02):
On today’s show, I chat with Erin Lowry again, and we discuss her newest book, Broke Millennial Talks Money. During this interview, we went into detail about different situations where you can use the money scripts in day-to-day life, whether it is with your partner, friends, parents, coworkers, and even your kids. Erin gave a lot of insight as well as advice on how to navigate through those awkward financial conversations, like how to bring up prenups and postnups with your partner, without them feeling offended, how to discuss retirement with your parents and if they would need your support as they age, and even how to open conversations about salaries with your fellow coworkers. We also shared about similar situations like these that occurred in our lives, and how we were able to go about them. Now without further delay, let’s get into this awesome episode with Erin Lowry.

Intro (00:00:54):
You’re listening to Millennial Investing by The Investor’s Podcast Network, where your host, Robert Leonard, interviews successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation.

Robert Leonard (00:01:16):
Hey everyone. Welcome back to the Millennial Investing Podcast. As always, I’m your host, Robert Leonard. And with me today, I bring back Erin Lowry. Welcome to the show, Erin.

Erin Lowry (00:01:24):
Thanks for having me back.

Robert Leonard (00:01:27):
For those who didn’t hear episode 18 with us together, that was quite a while ago. It’s almost 80 episodes ago. Tell us a bit about you and your background.

Erin Lowry (00:01:36):
Man. I still have yet to refine a solid elevator pitch for this exact question after literally hundreds of media interviews. But I am Erin Lowry, author of the now three-part Broke Millennial series, which takes you from getting it together to investing. And my most recently released book Broke Millennial Talks Money, which is all about how to navigate awkward financial conversations. And basically, my whole motivation is just to try to get people more comfortable with their money and to talk in a way that feels understandable, digestible, not preachy, not condescending. And most importantly, relatable.

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