THE M WORD - The Elephant in the Room that is Often Ignored with Lori Sackler

Today on the podcast I sit down with financial advisor Lori Sackler to tackle a universal issue: money. Lori is the author of The M Word, a book that “guides readers through mindful conversations that help families communicate dispassionately about money matters through all of life’s transitions — changes in financial circumstances, remarriage and merging families, retirement, preparing heirs, and transferring wealth.” Her knowledge on this subject is substantial, and extremely needed, as she shared with us that currently there is a 70% failure rate in transferring assets across generations due to breakdowns in trust and communication. Wow! It sounds like it is time for all of us to learn how to engage in familial money conversations immediately.

Lori shares: 

When and why you should be having money conversations

Her 5 Steps to engage in money conversations

Step 1: Identify the transition you’re facing

Step 2: Prepare the inner landscape

Step 3: Prepare the outer landscape

Step 4: Ask for help

Step 5: Repeat as necessary

How men and women physiologically see money differently

How she became so successful in a male dominated financial services industry

The importance of taking time to reflect, and investing in yourself

Ready to set yourself and your family up for success? Tune in on your favorite listening app, on the website, or watch it on YouTube!

About Lori Sackler

Lori R. Sackler is a financial advisor, senior vice president and family wealth director at a major financial institution where she leads a wealth management group. Her team is dedicated to helping individuals and families keep up with change, satisfying their financial security, addressing lifestyle and legacy concerns, and successfully guiding them through life’s transitions. Sackler is a certified investment management analyst, a certified financial planner and non-practicing certified public accountant. She is the author of The M Word: The Money Talk Every Family Needs to Have about Wealth and Their Financial Future, published in 2013 by McGraw Hill and The M Word Journal: How to Have the Money Talk released in 2016. She is the creator and former host of the radio show “The M Word” on WOR in New York City.h.

Connect with Lori

Website: http://www.themword.com/

LinkedIn: https://www.linkedin.com/in/lorisackler/

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