Mom and Dad Retired with No Savings. It's going to cost you $3k per Month episode artwork

EPISODE · May 9, 2022 · 1H 13M

Mom and Dad Retired with No Savings. It's going to cost you $3k per Month

from The Financial Griot · host Alainta Alcin, Lovely Merdelus, lawrence Gonzalez

CNBC penned an Op-Ed, "What millennials, Gen Z need to succeed against the economic odds?"Well the answer is simple; parents who are financially prepared for retirement. It's estimated that each underfunded retirement plan will cost kids and caregiver upward to $3,000 per month for each aging adult. By 2050, it will get very expensive.As such, the financial griot invested special guest Ecclessiate Guerrier and brings back guest host for the day, Michael Theodore to have an honest discussion on having the financial discussion with our aging parents. We share what we've experience and learned a few things along the way.Hope you enjoy. Be warned that our guess were using cell phone mics so it might get fuzzy. Detailed show notes, www.theneighborhoodfinanceguy.com About Us:The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win. Connect with TFG Crew aka the Hosts: Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcinLovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelusLawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy

CNBC penned an Op-Ed, "What millennials, Gen Z need to succeed against the economic odds?" Well the answer is simple; parents who are financially prepared for retirement. It's estimated that each underfunded retirement plan will cost kids and caregiver upward to $3,000 per month for each aging adult. By 2050, it will get very expensive. As such, the financial griot invested special guest Ecclessiate Guerrier and brings back guest host for the day, Michael Theodore to have an honest discussion on having the financial discussion with our aging parents. We share what we've experience and learned a few things along the way. Hope you enjoy. Be warned that our guess were using cell phone mics so it might get fuzzy.

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Mom and Dad Retired with No Savings. It's going to cost you $3k per Month

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This episode was published on May 9, 2022.

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CNBC penned an Op-Ed, "What millennials, Gen Z need to succeed against the economic odds?"Well the answer is simple; parents who are financially prepared for retirement. It's estimated that each underfunded retirement plan will cost kids and...

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