Financial Advisors – Own Your Wealth

Financial Advice for Parents of Adult Children – Sandwich Money Part 2

By mmerry | August 26, 2024

Are your kids starting new jobs? Graduating college soon? Getting promoted? Do they listen to you? Do you wish there was a mutual third party to help set them up for financial success? This video is part 2 of a 3 part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.

Part 1: Financial Advice for Young Parents

Part 2: Financial Advice for Parents of Adult Children

Part 3: Financial Advice for Adults with Aging Parents

Topics in this episode include

Financial milestones for young adults
What should people consider with their first job offer?
Story: max your match, not max your contribution
Getting an unbiased third party for financial advice
Uncomfortable family conversations about money
Quality time instead of financial logistics and numbers
How do you introduce your young adult to a financial advisor?
What changes financially when you become an empty nester?
If you have multiple kids, who do you want to name as the executor?
A health scare that ended up positively
Cautionary tale: Have written agreements
Approaching the Estate conversation with your adult children
Ideal sequence of financial conversations for your adult children with an advisory team
What happens if you can’t think of someone to be the executor of your will?
What’s the scope of a corporate trust?
When do lawyers get involved?

Connect with Sophie

Connect with Mike

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Growing Your Dental Practice: What They Don’t Teach You in School, With Dr. Jeff Brenner (Ep. 19)

By Own-Your-Wealth | December 12, 2023

The transition from working for a dental practice to owning your own practice is a complicated one. One day you’re solely focused on serving patients. Then the next, you have a growing team, cash flow, and fully-fledged business to manage—on top of your patient load. As host Jason puts it, “Business ownership is not for the faint of heart, that’s for sure.”

In this episode of Own Your Wealth, host Jason sits down with Dr. Jeff Brenner, the owner of a successful and growing dental practice, and a long-time Cook Wealth advising client. In this behind-the-scenes look at practice ownership, they discuss why many owners struggle with managing cash flow, the value of seeking professional advice, and what they don’t teach you about ownership in dental school.

Listen now to learn:

How Dr. Brenner navigated his transition to ownership
Why your practice is only as strong as your team
How to effectively manage your revenue throughout changing business cycles
The role of professional guidance in decision-making and thriving through change
And more

Dr. Jeff Brenner is a current client of Cook Wealth and was not compensated for his participation.

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