118- Creating Generational Wealth & Having Necessary Intergenerational Money Conversations with Duane & Taylor Davis
This week, Journey to Launch’s podcast episode continues the conversation on generational wealth and talking with your family about finances. In this episode, we have a dynamic father and daughter duo, Duane and Taylor Davis of Davis Generational Wealth Education Initiative, Inc. Duane and Taylor have a passion for financial literacy and inspire families and communities to have intergenerational financial conversations.
Finances should be fun and inclusive of the entire family. Listen to this episode to learn how to spark money conversations in your family so together you can build generational wealth and develop strong money habits.
In this episode you will learn:
- How to have intergenerational financial talks with your family
- The importance of estate planning and trusts
- Tips to help parents talk to their kids about money
- What is “coaching up” and how kids can talk to their parents about money
- The impact of the “Black Tax” and how to respond when family ask for money
- Ways to preserve generational wealth so it lasts
Other related blog posts/links mentioned in this episode:
If you want to hear the beginning of this series check out episode 117 featuring Cameron Huddleston, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.
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Connect with Duane & Taylor Davis:
Instagram:@DavisGenerationalWealth
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