In this episode of Wisdom and Wealth, we delve into the intricacies of family dynamics and the critical need for enhanced financial literacy. Our guest, Dr. Teri Rouse, an Early & Behavior Interventionist Consultant & Speaker, joins us to shed light on the challenges that families encounter in today's complex financial landscape.

Dr. Rouse brings a wealth of experience and insight into the discussion, highlighting the various dynamics at play within families and how they intersect with financial decision-making. From differing attitudes towards money to the impact of upbringing and cultural influences, Dr. Rouse offers valuable perspectives on navigating these complexities.

Moreover, we explore the pervasive gaps in financial literacy that persist across generations and socioeconomic backgrounds. Listen, as Frank and Dr. Rouse shares strategies for addressing these gaps, including proactive education and communication within families.

Chapters:

0:00 - Introduction and overview on the topic of the show

3:04 - The challenges facing a family unit in today's day and age

5:48 - Vast innovations has changed the way a family operates

9:47 - Our financial independence was cultivated through hard work

12:13 - The gaps in financial literacy throughout our country

17:43 - How financial literacy is addressed through the public education system

23:45 - Ryan's personal story of saving to purchase an experience, not an object

30:54 - Parents need to instill values at an early age

34:52 - Exciting endeavors Dr. Teri is working on to help parents resolve conflict

36:33 - How to get in touch with Frank and his team

37:20 - Closing remarks

Financial surprises can creep up on even the most organized people, causing everything from minor annoyances to major issues.

On the latest episode of Wisdom and Wealth, we’re diving into some common financial surprises and how you can take steps to avoid them. We'll provide you with some key takeaways to help optimize your financial world!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:14 - There are a variety of negative financial surprises that can arise

3:33 - The transition into retirement and some surprises that can occur

5:56 - How living longer can create financial surprises

7:58 - How prepared are you with your liquidity and insurances?

10:05 - The financial surprises associated with home ownership

12:05 - Asset protection planning and how it can help avoid financial surprises

14:22 - Working with a team of professionals to assist in financial planning efforts

16:57 - How to get in touch with Frank and his team

18:36 - Closing remarks

Each and every wealth plan should be a customized approach to addressing your personal and financial goals in life. Our team at the Astorino Financial Group works with clients to develop a systematized approach to conquering their financial challenges, so they can live a life of significance.

In today's episode of Wisdom and Wealth, we're exploring the process of developing a custom wealth plan.