Three listeners, three very different financial dilemmas, but all connected by the same underlying question: What do I do when life doesn’t follow the plan? In this Q&A, we tackle three high-stakes money decisions. A post-divorce real estate leap overseas. A retiree with a suddenly swollen portfolio. And an investor questioning whether smarter returns cost…
Great communication will get you a raise.
It’ll get you promoted. You’ll land the corner office.
You’ll make friends and be the life of the party.
You’ll land business deals and form lucrative partnerships.
Supercommunication is a superpower.
But how do we build it?
Sometimes, you might walk away from a conversation with the joy of having made a cool new friend.
Or you snagged a critical piece of information that you realllllly needed. Or you successfully negotiated an extra $5,000 off your car.
On the flip side, sometimes you’ll walk away from a conversation, scratching your head and wondering … “What just happened?”
If either of these situations have happened to you, Charles Duhigg will help you understand WHY.
Duhigg is a Pultizer Prize winning reporter. He holds an undergrad degree from Yale and an MBA from Harvard. He wrote for the LA Times and New York Times, before landing at The New Yorker.
His first two books, The Power of Habit and Smarter, Faster, Better, have sold more than 5 million copies. Recently, he came out with a new book called Supercommunicators.
He chats with us today to discuss the power of communication.
Duhigg shares why communication is a critical component to happiness and success in every part of life. He discusses the different styles of conversations that people can have, which lead to either connection or disconnection. He also shares critical tips to help us all become supercommunicators and live richer lives.
Enjoy!
After paying basic living expenses and maxing out their 401k’s and Roth IRAs, Caroline and her partner have $4,000 – $5,000 left each month. Where should they put this money if their goal is to simply have their money work harder for them?
Sanjay is torn between selling his townhome or renting it out. The rental numbers don’t work on his 15-year mortgage — should he refinance to a 30-year mortgage instead?
“Olivia” has two unrelated questions: what are our thoughts on the housing market in relation to the moratoriums on mortgage payments and emergency bans on evictions? What will happen when they go away? Additionally, what tools, questions, or resources do we recommend to have a productive financial conversation with your partner?
Kyle wants to construct a portfolio with the highest Sharpe ratios and wants to know: would the risk parity model work? What are the downsides?
“Priyanka” wants to know: do you need to submit receipts for the HSA contributions you make?
G is curious: does the stimulus check received for their children count as earned income for the kids? If so, can they put it toward the Roth IRAs they opened for their children?
My friend and former financial planner, Joe Saul-Sehy, joins me as usual to tackle these questions. Enjoy!