In this episode of the Protecting and Preserving Wealth Podcast, Jon Gay and Bruce Hosler discuss the importance of early financial lessons and their lasting impact. Bruce begins client relationships by asking them clients about their childhood money experiences, highlighting how these early lessons shape our financial behaviors.
Today, we explore how different family dynamics influence financial attitudes. Some families openly discuss money, while others keep it private. Jon shares his middle-class upbringing and how it influenced his budgeting approach, with his wife taking on a key financial role.
Bruce, drawing from his experience as a Boy Scout leader; explains the difference between saving and investing, emphasizing the importance of these distinctions for financial decision-making. He stresses the need to teach children and grandchildren about money from an early age.
The hosts encourage learning from financial mistakes and providing opportunities for young adults to make their own decisions, both wise and unwise. Encouraging young adults to secure an education and navigating the changing landscape of taxes.
This episode is a valuable resource for understanding how childhood financial lessons impact future financial choices. Bruce invites clients, prospective clients, and their families to seek guidance from Hosler Wealth Management to help your children or grandchildren form healthy financial habits sooner rather than later.
For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/
Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.
For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/
Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/#socialmedia
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