Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Family Conversations About Finance

21 Jun 2024 · 1 min

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0:42

This YouTube video features Richard Canfield discussing family meetings centered on leadership growth and financial education. He emphasizes holding quarterly meetings as a tradition, keeping conversations foundational (not high-level investing), and setting concrete saving goals — noting that the average American saves less than 5% of income and recommending families save between 10–30% of income. Attendance may vary (sometimes five people, sometimes 15).

Questions this video answers

Quarterly.

Less than 5% of their income.

Between 10% and 30% of income (minimum).

Chapters

We like family, we stay close. And so we're already always together. But quarterly, we meet at our office and we have really serious conversations about leadership growth, financial education. And keep in mind, these are not high level investing conversations. The average American saves less than 5% of their income. So as a family, we want to be uncommon. We got to save between 10 and 30% of our income minimum. Let's start there. So they're very foundational conversations, not complex. Any family could have them, and it just takes some time. So we meet quarterly because I do think traditions matter and consistency is important. And so sometimes there's five of us, sometimes there's 15 of us. And whoever can be there will be.