The Rules of Wealth, 4th Edition

RULE 8

Don’t make money taboo

Conversations about money are tricky. I don’t really know why this should be, but it’s true – at least in most cultures. Absurdly, we find it difficult to talk about money even with our nearest and dearest. Now, most of the time this really doesn’t matter. We’ve all learnt to find ways to achieve most of what we need without having to have those embarrassing, sordid, cringey, uncomfortable conversations.

OK, that’s fine, but you’ve got to recognize when it becomes a problem. And I’m especially thinking about your parents as they get older. If they have any kind of money worries, you need to be able to support them. And you can’t do that if neither they nor you feel you can even raise the subject.

Think about it. ...