Erik Daniels, Executive Vice President and Family Wealth Advisor for Ronald Blue Trust, joins Mike to discuss financial lessons he has learned throughout life. He also talks about how he met Ron Blue and got involved in the company at the very beginning of its existence.
They discuss some of these questions and ideas:
- What are some financial lessons you learned when you were a teenager or young adult and who taught them to you? What financial habits do you still have from them? What have you decided not to do because of your experience?
- How can you tell what you value? By looking at your checkbook!
- What are some spending mistakes you have made and what have you learned from them?
- “There are two ways to get enough. One is to continue to accumulate more and more. The other is to desire less.” -G.K. Chesterton
- We have become conditioned to believe that raising the standard of living increases the quality of our life, but it doesn’t really work that way.
- Estate planning is more than just updating your will. It includes building trust across generations.
They also offer a family meeting template (this one includes some suggestions from the imaginary “Smith” family.)
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