I have learned one thing from my parents is that not to discuss your money with anyone because that is not healthy for you. And because of that a lot of people don't share money with their family members itself. And the problem with that is huge to be honest. I am not saying that you should discuss money with every stranger out there. You should not, but if you are giving YouTube tips then talking about your money should be OK.
PC: Pixabay.com
What I am getting at it, a lot of money is with the government and there is no taker of that money. This is because people have not discussed the money with their family member. For example, a father having a quite amount of money in the bank account, but their family members don't know. Now they don't have any will and they passed away. Now no one in the family knows about the money anymore and the money is there in the bank account lying around.
And that's why the will is there. But the problem is the middle class as well as lower class don't believe in the will or something. And that's why talking about the money should be given priority in the family. I know a lot of family fights happen because of the money. But again to reduce the fight people should divide the money among the family member and that's why discussing about the money is important.
And that's why discussing money with financial advisor is good along with the family memebr. I know a lot of people like to show off so just ignore them. And then once you have discussed the money keep a diary for all the accounts as well as anything which is beneficial for your family after you.
