Money Matters with Jim Doyle
Encore Episode #3: When Culture, Family & Money Collide
What was the motivation behind the show?
Families are funny things. We assume everybody’s reading off the same script and have the same goals, but most of us might not be aware of our own deep-rooted money perspectives. Trust can be extremely hard to come by when it comes to money, but when working with multi-generational families, it’s essential currency. Blending perspectives across generations takes concentrated effort – much more so when it comes to money, culture, and family. However, when these matters are the result of conflict, they can leave painful legacies than endure for generations.
Every day in our practice we see the way families communicate their views on money, manage issues, and address estate considerations. When communication or expectations aren’t met, families suffer. We’d like to encourage families to look at their money motivators and shine a light on communication within the family.
What is this show about?
On this episode, join me and my guests, Harry Mutti of Ascentia CPA, Elyssa Lockhart with McQuarrie Hunter LLP, and Nathan Lidder of Coal Harbour Law as we explore the significance of families talking openly about money, offering tips for healthy money conversations. What’s a family to do when culture, money, and family collide?
Financial literacy rarely seems important – until a time of crisis, when we’re asked to make important decisions affecting our futures – with whatever financial skills we have.
The weekly television series Money Matters with Jim Doyle was created in an effort to encourage Canadians to explore some of the financial issues we help clients address throughout their increasingly complex lives.
We invite you to tune in Thursday, Apr. 23 at 5pm PT or Sunday, Apr. 26 at 7am PT on Joytv.
What are we hoping will come out of this show?
My guests and I want to encourage families to create a framework for ongoing conversations, to build dialogue around the issues and challenges that keep families ‘closed’ to discussing some financial issues. To talking openly within the family about values, expectations and family history in a way that allows family members to achieve goals and solutions that may solve the needs of all involved.
On our next show we’ll be talking about . . . ‘Parents & Aging: Financial Challenges’. Watch Thursday, Apr. 30, 2020 at 5pm PT and Sunday, May 3 at 7am PT.
Jim Doyle, Doyle & Associates Private Wealth Management, Investors Group Financial Services Inc.
This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Jim Doyle is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant. Views of guest speakers may not be shared by IG Wealth Management.