Are You Putting Yourself In Financial Jeopardy For Family?

Are you putting yourself in financial jeopardy because of your children, family members or friends?

When you rescue someone from their past financial decisions, you prevent them from learning valuable lessons.

“Empower do not enable others.”

In my wealth coaching practice,
I find that women in particular are ending up with nothing in their purse at retirement. They are being saddled with student loan debt, cosigning for loans and liquidating retirement assets to finance someone else’s lifestyle.

As a parent, our number one role is to raise financially responsible adults. That means when our children or family members ask for assistance, that we help them think through their options and whether or not they can afford the financial obligation.

Give intentionally and responsibly. People do not value what they don’t earn themselves. Empower don’t enable others.

 

Listen to the Wealthy Radio Segment: What Would Deborah Do!