Marc Bineham

speaker

467 appearances 1 recordings 1 series first heard Aug 2022 last heard Aug 2022

Marc Bineham’s voice in public audio — every appearance, attributed to the second.

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buy now, pay later, or credit cards, the average 25-year-old is nearly in $5,000 debt already.

And so, you know, that's the sort of things that keeps their parents or their mothers up at night worrying about that.

So I think, yes, that wealth transfer, but also that there's so much easy access to debt nowadays that there's a real concern around that.

So I think, yes, there's far more...

knowledge and information and helpful services around finance and money now, but that generation do worry about that.

So looking at the wealth transfer itself,

What I think when we talk about it is that we actually say, yep, having the conversation.

So if it's your adult children, just say, sit them down, have a dinner and just say, you know, I just want to go through this.

I just want to go through.

Here's our financial position.

This is what we're saying in our will.

If anything happens to us, this is what I really want.

Do you have any questions?

We never need to talk about this again.

It's that sort of thing, but at least have it once.

And your kids say, you know, we don't want to talk about this.

You're going to live forever.

We don't want to.

I totally understand that.

Well, hopefully that's what they're saying.

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