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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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Feb 21, 2020

The way you are raised impacts your perception of the world around you, but have you ever thought about how the affect it’s had on the way you handle money? We want to explore the relationship with money and the way different upbringings might determine your future with finances.


Show notes and additional resources: 


Today's rundown: 

0:48 – In the news: Former Wells Fargo CEO has been barred from the banking industry and faces a $17.5 million fine.

3:41 – A friend of Jon’s was fired from Wells Fargo for not doing the thing all of his peers were doing.

4:06 – Fun fact: At any given moment, there are 1,800 thunderstorms in progress over the Earth’s atmosphere. Joel finds a way to tie it into finance.

5:17 – Joel throws out a fact about Walmart.

7:11 – Quote of the Week: My retirement plan is to get thrown into a minimum security prison in Hawaii.

8:04 – Jerry Seinfeld quote: My parents didn’t want to move to Florida but they turned 60 and that’s the law.

9:48 – Let’s dive into the psyche of the average investor and talk about how the way they were raised effects their decision-making.  

10:08 – A lot of things go back to ‘family of origin’ issues.

10:53 – How did living the Great Depression impact the way people thought about money later in life?

13:13 – What about the people that grew up poor? What is their relationship with money?

14:41 – Do people that grow up in a wealthy household usually end up wealthy on their own later in life?

16:27 – How do most families communicate about money?