Before Breakfast - Why (and how) to talk money

A few financial conversations can make you wiser (and wealthier) Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

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Hey, I'm Steve Greenberg the host of iHeart the new podcast speed of sound.

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Speed of sound of the music History Podcast that gives you an all-access pass into the song and sound that have become the soundtrack to our lives will take you back in time and straight through today chart to tackle pop-top song and most Sensational Scandal filled story.

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Welcome to before breakfast a production of iHeartRadio.

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Good morning. This is Laura. Welcome to the before breakfast podcast. Today's tip is to try talking more openly about finances with your family friends and colleagues money is an important part of life and by normalizing conversations. We can start using money just like we use time as an instrument for achieving the lights we want.

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How many if not most of us talking openly about money feels uncomfortable perhaps we were taught growing up that it was tacky or rude to talk about finances in the workplace some supervisors. Ask their employees not to discuss salary and that General prohibition puts a damper on any money talk even about things like student loans or mortgage rates since we so rarely have these conversations the conversations. We do have concealed fraught

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Today, however, I want to suggest that you push yourself out of your comfort zone a little and try talking about financial topics with at least one person in your life.

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There are several reasons why talking about finances is important first. It's hard to learn about money without talking about money. If you didn't grow up with a family that had any sort of investment the entire stock market might seem like a casino until you talk with normal people like you who've invested for retirement in index funds. It might not seem intuitive but a small difference in interest rate could have a huge impact of the life of a long loan until you talk to fellow students who are also financing higher education. We can learn a lot from candid friend to friend conversations with people who have their act together.

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And if you have your act together, you might be able to prevent a relative or friend from making a big funny until Mystic.

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Second and this is not a small thing a little transparency is good for the cause of equity.

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There can be huge disparities in salary for similar jobs when you're negotiating the salary for a new position or asking for a promotion and raise you'll feel far more confident. If you know what other people with similar salaries burn If an employer offers something on the low end you'll know that it is absolutely expected to ask up.

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But to know that you have to talk, of course that doesn't make it easy as with any fraud topic of conversation. It's better to have lots of smaller talks than one big one. You might start by listening to other people talk about money and then use that as an opening to start conversations. There are a lot of great money Focus podcast. My personal favorite is the how to money podcast. You could ask a friend family member or colleague to listen to a particular episode and then discuss it.

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You might also think of some money related conversation prompts that you would feel comfortable broaching with friends. Maybe these could be questions. Like do you give your kids an allowance? And if so, how much or what's the most important thing your parents taught you about money?

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How do you open Money conversations doesn't mean, you have to divulge your exact salary though, perhaps that would come up at some point. In any case I'll say that the world is a lot more transparent now than it used to be perhaps you have noticed that if you Google someone's address one of the first things that tends to come up as how much they paid for the house when you know that other topics start to seem a little less totally taboo.

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In any case when you're having money talk try to remember that there are no dumb questions. If you aren't sure of what a money-related term means or you're curious just how others are planning to save for their kids college tuition. Ask others in the room may be wondering the same thing in the end money can be an emotionally-charged top, but it can also be a fun one. And once you start talking it usually gets easier and the payoff if you will can be significant.

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In the meantime, this is Laura. Thanks for listening. And here's to making the most of our money and our time.

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Everybody I'd love to hear from you. You can send me your tips your questions or anything else. Just connect with me on Twitter Facebook and Instagram at before breakfast pod. That's be the number for then breakfast pod. You can also shoot me an email at before breakfast podcast at iheartmedia.com that before breakfast is spelled out with all the letters. Thanks so much. I look forward to staying in touch.

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Before breakfast is a production of iHeartRadio from war podcast from iHeartRadio visit the iHeartRadio app Apple podcasts or wherever you listen to your favorite shows.

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Hey, this is Jason McIntyre. You and me every weekday morning on my podcast straight fire with Jason McIntyre. This isn't your typical Sports pod pushing the same tired narrative down your throat. Every straight fire gives you a level of authenticity. You just don't get in sports media today honest opinions on all the biggest Sports headline accurate set to help you win big at the Sportsbook and direct conversations with all the best. Guess. I know what sports fans want. You want the fluff the list the hot takes but I give you what you me to can't say that I'm going to be right all the time. But unlike the rest of these shark. Jaw. I'm always will let me tell you something Patrick Mahomes is not the Michael Jordan of football, but he is the Steph Curry and you know, what else yanis pulling a Kevin Durant and leaving the small-market bus to build a super cheap will be great for the NBA. These are just the facts folks do yourself a favor and listen to straight fire with Jason McIntyre on the iHeartRadio app.

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