Christi Staib is the President of Silver Sail Wealth Advisors and works with her clients on making sure they have a secure financial future. After losing her husband, Christi found herself in grief and navigating this complex financial world. This is the second episode with Christi as she discusses how to make the best financial decision for your family while in grief, how to avoid scams and the best ways to set financial boundaries.
Key Takeaways:
- Widowers need to protect themselves from people who don't have their best interests at heart.
- When someone passes away, you're in a vulnerable state and you might open your heart up to family members who want to take advantage of you.
- How long after grief should you be making important financial decisions?
- People felt guilty when they bought something that made them feel happy.
- When Susan was grieving, someone asked her to invest in a business.
- There are emotions that come out of nowhere, especially when you're talking about your finances without your loved one for the first time.
- How can you spot a professional scammer?
- Susan shares an example of a professional scammer and how they specifically target widows.
- These scammers are brilliant. They have thought of everything to keep you hooked.
- Listen to your network. They know when something is up. Tell them about the people you're dating. They will help protect you.
- Some people know they are being scammed, and don't care. They just want the connection.
- How do you protect your financial boundaries?
- Are you overspending?
- Vet your potential partner through their friends.
- Before you give anyone money, look at their relationship with money.
- What are some of the signs someone might be taking advantage of you financially?
- When the money runs out, the scammer will leave.
- Know your limits and trust your friends. If enough people are saying the same thing, you have to pay attention to it.
- Get an advocate in your corner to help protect you.
Resources:
Silversailwealthadvisors.com
Silversailwealthadvisors.com/team/Christi Staib
The Secrets of the Power of Intention by Dr. Wayne W. Dyer
Navigating the Unique Financial Needs of Women Today: Smart Steps for Women and Their Wealth by Christi Staib