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In this episode of From Middle Class to Millions, I'm tackling an important yet often unspoken challenge for first-generation six-figure earners and millionaires: financially supporting aging parents while building your own wealth. Whether this expectation was ingrained culturally or it has recently become a pressing reality, the emotional and financial weight of this responsibility can feel overwhelming.
Join us as we discuss:
The cultural and personal expectations surrounding financial support for parents
How to navigate these financial obligations without jeopardizing your own future
The importance of securing your own financial foundation first
A strategic approach to balancing family support using the WINS™ budgeting framework
How to have tough but necessary conversations with your parents about their financial situation
You don't have to choose between your family's well-being and your own financial freedom.
Book a Call to learn how.
By Shannon Brome-WardIn this episode of From Middle Class to Millions, I'm tackling an important yet often unspoken challenge for first-generation six-figure earners and millionaires: financially supporting aging parents while building your own wealth. Whether this expectation was ingrained culturally or it has recently become a pressing reality, the emotional and financial weight of this responsibility can feel overwhelming.
Join us as we discuss:
The cultural and personal expectations surrounding financial support for parents
How to navigate these financial obligations without jeopardizing your own future
The importance of securing your own financial foundation first
A strategic approach to balancing family support using the WINS™ budgeting framework
How to have tough but necessary conversations with your parents about their financial situation
You don't have to choose between your family's well-being and your own financial freedom.
Book a Call to learn how.