Managing Finances After Kids: Tips from a Financial Expert

08/09/2024 48 min Episodio 70
Managing Finances After Kids: Tips from a Financial Expert

Listen "Managing Finances After Kids: Tips from a Financial Expert"

Episode Synopsis

Staying healthy is key to living a vibrant life after the kids are grown.  Physical and emotional health are common topics of conversation, but why aren’t we talking more about financial health?!In this episode of Life After Kids, we’re interviewing our very first and very special guest, Ken Stillwell, (Dr. Brooke’s husband) to discuss the importance of financial health in  life after kids. Our conversation delves into the impact of financial stress, the role of spouses in managing finances, and the significance of communication and alignment in financial decision-making. Ken shares insights on the influence of upbringing, career stability, and risk tolerance on financial mindset and decision-making within a relationship. Key TakeawaysMinimize Debt: Reducing leverage by avoiding unnecessary debt, including high-interest credit cards, is crucial for financial health.Build a Nest Egg: Establishing a financial cushion for emergencies helps in reducing stress and maintaining financial stability.Invest Wisely: Maximize the benefits of employer-provided retirement plans, such as 401(k), and avoid investments you do not understand.Communicate and Align: Open discussions about financial goals and roles can prevent conflict and ensure both partners are on the same page.Educate the Next GeneratTune in to the full episode of Life after Kids with Ken Stillwell for a conversation covering practical advice for moms in midlife, with a focus on financial security, retirement planning, and investment strategies. Learn more about the importance of imparting financial wisdom to the next generation, and get valuable insights for managing debt, building financial safety, and making informed investment decisions.About the Guest:Ken Stillwell is the Chief Financial Officer (CFO) of a large company based in Boston. He is an accounting major with extensive experience in financial management, both in personal and corporate settings. Known for his deep financial acumen and strategic thinking, Ken has gChapters00:00 The Importance of Financial Health in Life After Kids07:25 The Role of Communication and Alignment in Financial Decision-Making22:15 Navigating Financial Security in Later Life30:27 Debt Management and Financial Safety36:22 Imparting Financial Wisdom to the Next Generation Kion amino acid powder is our go to way to supplement our protein intake and help build muscle in midlife. It dissolves easily in water and tastes great too! Go to www.getkion.com and use code AFTERKIDS for 10% off single items, 15% off bundles, and 20% off subscriptions! Enjoy the show, and we hope you learn a little bit more about living a fulfilling, vibrant, and meaningful Life after Kids! If you like what you hear please rate and review the podcast, hit subscribe, and pass it along to a friend. Making tomorrow even better than today, Dr. Brooke and Dr. Lynne PS... Don't forget to follow us! Instagram Facebook Tik Tok
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