Let's Talk Money

02/26/20 • 35 min

If you ask any financial advisor which generation they are most concerned about financially, Generation X tops the list. Research shows, time and again, that Gen X is in the worst prepared for retirement, have the most debt and spend the most money on non-essentials. On top of that, Gen X’ers are also the worst at talking about money overall and even with their partners.

Today’s episode is all about how do you get comfortable talking about money. EEK, we just saw your eyes go wide because the concept freaks you out a bit, but we got you!

HOW TO TALK ABOUT MONEY:

Try to limit the emotional connection between your feelings on your financial situation and yourself. Money is an emotional topic but if you bring your high emotions into the conversation, it can easily go astray. Really break out the fact from the fiction.
Don’t use the word you in the conversation. When you have any difficult conversation, as soon as you say something like you spend too much, the other person feels attacked or blamed, causing their reaction to get heightened.
Money can be a triggering topic, recognize that it will take time to have this conversation. You may need to take several breaks and come back to it.
Schedule regular meetings about finances. The more you talk about finances ongoing, the less awkward it will be. It is like anything else you do, the more you do it the more comfortable you get.
Everyone values money differently, so discuss what your money values are and have an open dialogue. For some, they value money to buy things, while others value money for security and some for status.
Create a plan for your short term and long term goals and stick with it.
Do what works for you. Just because your parents always had a joint checking account doesn’t mean you have to.
Congratulate yourself for having this conversation. Recognize each small win here.

SUMMARY:

Finances aren’t a comfortable topic for most people but bringing these taboos into your home can have costly effects on your marriage. Start having the financial discussion today, it isn’t too late.
Sometimes changing your financial habits and how you communicate about them isn't something you can do alone. Contact Jackie at [email protected] to book a free discovery call.

Are you feeling stressed to the max? Download 5 Steps to Stress Less. It will change the way you deal with stress forever. Want to uplevel your retirement fund? It's never too late according to CNBC.

Get your free copy of our digital magazine, GEN neXt, The Voice of the Modern Gen X Woman. www.moderngenxwoman.com/gennext

GEN NeXt is a collection of insights from incredible organizations, women, and industry experts who have dedicated themselves to the same cause—turning up the volume of women 40+.

We're not just Gen X we're GEN neXt

Today’s episode is all about how do you get comfortable talking about money. EEK, we just saw your eyes go wide because the concept freaks you out a bit, but we got you!

HOW TO TALK ABOUT MONEY:

Try to limit the emotional connection between your feelings on your financial situation and yourself. Money is an emotional topic but if you bring your high emotions into the conversation, it can easily go astray. Really break out the fact from the fiction.
Don’t use the word you in the conversation. When you have any difficult conversation, as soon as you say something like you spend too much, the other person feels attacked or blamed, causing their reaction to get heightened.
Money can be a triggering topic, recognize that it will take time to have this conversation. You may need to take several breaks and come back to it.
Schedule regular meetings about finances. The more you talk about finances ongoing, the less awkward it will be. It is like anything else you do, the more you do it the more comfortable you get.
Everyone values money differently, so discuss what your money values are and have an open dialogue. For some, they value money to buy things, while others value money for security and some for status.
Create a plan for your short term and long term goals and stick with it.
Do what works for you. Just because your parents always had a joint checking account doesn’t mean you have to.
Congratulate yourself for having this conversation. Recognize each small win here.

SUMMARY:

Get your free copy of our digital magazine, GEN neXt, The Voice of the Modern Gen X Woman. www.moderngenxwoman.com/gennext

GEN NeXt is a collection of insights from incredible organizations, women, and industry experts who have dedicated themselves to the same cause—turning up the volume of women 40+.

We're not just Gen X we're GEN neXt

Previous Episode

Have You Lost Your Identity?

According to a recent Gallup Poll 55% of workers get a sense of identity from their job.

Generation X women wear so many hats, mom, wife, executive, daughter, employee, boss and we are really good at switching quickly from cowgirl hat to fedora. Do you feel like, along the way, you stopped wearing hats and instead, started wearing masks, hiding your true identity for the mask of mom, wife, executive, employee? When we remove the mask, we don’t even know who we are, standing in the mirror, completely vulnerable and a bit empty.

We want you to explore who you are, under all those masks. What actually makes you tick and what’s your worth outside of the roles you play?

What does losing identity even mean?
1. You see yourself only through that lens. It is how you define your worth, yourself and your purpose.
2. You don’t even KNOW what your own personal needs are?

Gen X Women want to be all in all the time, which makes it even easier to lose our identities in every title we wear and forgetting ourselves in all of that.
Here are some ways we lose our identities:
WORK:
Your job and title define you and it becomes your first introduction point when meeting people.
MOM:
You play Supermom, needing to be at every game, on the board of the PTA and bake cookies for the bake sale (from scratch).
WIFE:
Beyond loving marriage, this is where you are wrapped up in making your husband happy that you forget all about your own happiness.
WEIGHT/FINANCES:
Items like this can hold your identity hostage. You can be handcuffed to never wearing a bathing suit in public or always at the gym to be as fit as possible. What about finances, constantly comparing yourself to those around you.
Start Asking Yourself: What is your self worth?

Who are you? Step away from all of the masks you wear and think about who you are and what you stand for.
You as Human: This robotic state of playing your roles and getting lost in them will leave you feeling empty in the long run.
You need to become comfortable with who you are?

If you've lost your identity in any (or all) of these and have forgotten who you are and what you represent, we can help. Download our free resource, Rediscovering Yourself Workbook here
Want more support from Jackie + Mimi and connect with us daily? Join our Facebook Community, Just Gen X- The Resting Mind.

Get your free copy of our digital magazine, GEN neXt, The Voice of the Modern Gen X Woman. www.moderngenxwoman.com/gennext

GEN NeXt is a collection of insights from incredible organizations, women, and industry experts who have dedicated themselves to the same cause—turning up the volume of women 40+.

We're not just Gen X we're GEN neXt

Next Episode

Celebrating the World's Women

Hey Gen X Ladies—we’ve come a long way in terms of women’s equality but still, there’s lots of work to be done here in the United States and around the world.

We're extremely grateful for the women before us who have paved the way, giving us opportunities today that older generations didn’t have. We’re also in awe of those women who are brave enough to stand up for what they believe in to make the world a better place.
Today we’re raising the roof in recognition of International Women’s Day. We are proud to celebrate and acknowledge a few incredible women who’s stories of inspiration, bravery and strength inspired us from Tiffany Dufu from The Cru who raised $1MM in funding, part of the 2% of women to do so and forget the statistic against women of color. As of the end of 2018, there were only 34 women of color who raised $1MM, that’s insane. To Malala Yousafzai, who at age 11 started blogging anonymously about girls’ rights for education, never quieting her voice even when her life was threatened or after her life was almost taken from her at age 15.

Of course, it wouldn’t be us if we didn’t share our own stories of inequality and sexual innuendos we’ve endured in our younger careers.

Get your free copy of our digital magazine, GEN neXt, The Voice of the Modern Gen X Woman. www.moderngenxwoman.com/gennext

GEN NeXt is a collection of insights from incredible organizations, women, and industry experts who have dedicated themselves to the same cause—turning up the volume of women 40+.

We're not just Gen X we're GEN neXt