Giving Rich: The Psychology of Status & Wealth

Setting Boundaries: How to Navigate Family Finances as a First-Gen [Ep 8]


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This conversation explores the complexities of financial relationships within families, especially when differing personal philosophies and financial circumstances come into play. We share our experience as the mediators between our siblings in deciding how to split a significant expense. We highlight the importance of clear communication and setting boundaries to avoid conflict and ensure everyone feels safe in the process.

We also delve into the broader challenge faced by first-generation immigrants who often find themselves supporting family members financially. This discussion captures the delicate balance of family dynamics, financial responsibility, and the need for clear boundaries to maintain healthy relationships.

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Giving Rich: The Psychology of Status & WealthBy Genesis Pedraza and Claudia Calonje

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