'The best-prepared families discuss values, not just valuables'
Here's some wisdom from financial advisor Katie Wesney, in a recent Stuff column...
"The antidote to inheritance drama isn’t complicated: start talking.
The best-prepared families discuss values, not just valuables. They talk about timing - could part of the inheritance be gifted earlier when it might have more impact? They update wills regularly and include everyone in understanding the bigger picture.
They also acknowledge that financial literacy isn’t inherited along with the money. If you’re expecting to leave or receive a significant sum, everyone involved should understand how money actually works.
And here’s the crucial bit: they treat inheritance as a nice-to-have, not a financial strategy. You can’t control when it comes, how much it is, or who else might need support."
If your values include supporting charities that tackle the issues you care about, and or the community in which you've thrived, then after taking care of your family, including a bequest in your Will to create a philanthropic endowment that gives back forever is a wise and effective strategy. Contact us at Momentum Waikato to find out more - via momentumwaikato.nz....
You can read more of Katie's column at the link below.
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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56.9% Human-centred experience and communication
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13.8% Critical thinking
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26.2% Resilience and adaptability
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3.1% Other - I will share below!
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
Make a hearty dish. Take just half a minute. Add four parts of kestrel. Then just add one. What have you made?
(Trev from Silverdale kindly provided this head-scratcher ... thanks, Trev!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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59.8% Yes, supporting people is important!
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26.2% No, individuals should take responsibility
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14.1% ... It is complicated
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