In the latest installment of The Smart Money Gal, Jennifer addresses the concept of "financial transparency" and why it is paramount to consider when it comes to your own finances.
The phrase "financial transparency" ultimately means that you're not actively hiding anything. You're being honest about your finances overall, as well as their performance, even when it is subpar. In this episode, Jennifer highlights the key drivers of financial transparency and how each plays a varying role in your overall portfolio. Additionally, she explains the importance of incorporating financial transparency within your relationships as well!
So sit back, relax, and enjoy another enlightening conversation that can help you gain confidence when it comes to your own financial portfolio. Also, if you would like to speak with Jennifer personally and gain a stronger understanding on this concept, please visit her website www.talkwithjennifer.com to book a session.
Timecodes:
0:24 - What is financial transparency?
2:49 - Be completely honest about your finances
4:40 - Smart financial decisions start with you
6:39 - The first step is to identify how you relate with money overall
8:00 - Now, how do you relate to risk with your money?
9:46 - Know what resources are available to you
12:50 - Think about what is unique to you and your current situation in life
15:00 - You need to have the confidence to ask questions
16:00 - The importance of having financial transparency within your relationships
18:50 - Understand how pensions and social security works with your spouse
23:19 - Having financial transparency with your financial professional as well
29:38 - Five tips for establishing financial transparency
33:25 - Closing remarks and how to book a session to speak with Jennifer
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