As professionals in the wealth management industry, many people excel at helping people know what to do with their money. But how did we all get here in the first place? Money Chronicles aims to personalize the industry by featuring guests sharing their unique stories and experiences with money, from piggy banks to 401(k)s.
Money is one of the leading causes of divorce. But for Alison Susko’s parents, it was a topic they always agreed on as they guided Susko and her sister to make financially smart decisions.
In the inaugural episode of Money Chronicles, Susko discusses the money lessons she gleaned from her childhood with co-hosts Johnny Sandquist and Torie Happe.
Because her parents divorced when she was young, Susko witnessed how two separate households handled money.
“They had two very different approaches and I know for a fact that a lot of the way I am is based on how one was and how the other was,” Susko said.
She now serves as Vice President of Community and Partnerships at Asset-Map, a fintech company that helps advisors and clients better visualize their financial future.
The discussion about childhood memories of parents and chores expands to how we’re introducing children to money today. And whether technological advances regarding payments will negatively impact our relationship with money, especially the younger generations.
“The transaction feels so quick and almost like it never happened that I’m wondering if it’s starting to change people’s psychology,” Susko said of our tendency to rely on digital instead of physical payment methods like check and cash.
Tapping a card or phone to checkout is easy and quick, but it removes engagement from the equation.
If you’re ready to get a little existential and nostalgic at once, click “play” above to listen to the full episode. For more personal money stories from more industry friends and experts, subscribe to Money Chronicles wherever you listen to podcasts.
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