For any number of reasons, discussing money and finances can be difficult. Even for family members. You’re all in it together but money just makes things… well, awkward. And so a little help might be in order. Which is what Mark Grimes is thinking for day 13 of 31 startups.
We chatted about stocks, bonds, cash, the how-to’s, the what-for’s, and the why-not’s. We talked about FAANG stocks (Facebook, Amazon, Apple, Netflix, Google) and explored why they were good investments at the time, and what might make them sink or fly in the future. A pandemic did not enter into our dialogue. So teeming with sugar and black coffee it was a very energy-infused discussion. They asked a load of questions, and I, in turn, gave the best answers I could. Again, not a CFO.
Interested in holding your own meeting like this, check out the concept of Family Finance Meeting.