What It's Like To Be "The One With The Money"

When You’re the One in the Family Who “Has the Money”: Boundaries, Planning, and Real StoriesThis week we join you from Maryland to share an episode on what it’s like to be the family member who “has the money". Brenton draws on what he observed with his parents and why it shaped New Money New Problems’ focus on high earners building wealth. Based on a Pew Research Center study, at least 70% if high-income households African American households and immigrants of any income help their extended family with money. We offer tools on communication and “scripting” to set giving boundaries, budgeting for family support, adjusting emergency reserves, and considering insurance needs (life, disability, long-term care). We also covers estate planning and property issues (POAs, wills, inheritance conflicts, trustees, custody roles) and the emotional toll and money disorders. In the second half of the episode, we share community stories describing the responsibility, saving pressure, feeling taken advantage of, guilt, marital strain, and perceived entitlement that comes from being the one with money.0:00 — Intro & episode teaser0:46 — Welcome & episode overview (Brazil trip, why this topic matters)6:58 — Establishing when, why, and how you give to family12:31 — Estate planning and property management19:04 — Sponsor break / newsletter signup19:26 — Community Q1: How being "the one with money" impacts wealth-building23:42 — Community Q3: Negative experiences with extended family/spouse25:10 — Community Q4: Is your family "off-base" about you and money?28:07 — Wrap-up & closingSupport the show