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: https://johnsonbrunetti.com/?p=4866 

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?