Don’t Let Your Parents’ Money Mistakes Stress You Out


Transcript

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- Did you know you're not
the only one in your family

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who makes money mistakes?

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It's highly likely your parents do, too.

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So in today's episode,

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it's all about not letting
their money mistakes

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stress you out.

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(upbeat music)

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All right, this might be news to you,

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but your parents are older than you are.

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Yes, that's right.

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And because of that reality,
you need to know some things

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about their financial situation.

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So, today we're going to cover
some important topics

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that no one ever really talks about,

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but we're all going to have
to deal with at some point.

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And guess what?

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These may not appear as fun to talk about

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as other topics we have,
but you love your parents

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and you want what's best for them,

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so these conversations are a must.

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And this is for a couple of reasons.

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Because, number one, your
parents and their age group,

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they're more likely to be
scammed than any other age group.

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Yes!

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If you're seeing commercials with an actor

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from the 80s or the 90s
trying to sell you something,

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that means you probably
don't need to buy it.

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But yet, people are
suckered in all the time.

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Number two, their financial
decisions will impact you

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one way or the other.

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In today's episode, I'm going to bring on

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author and family friend,
Mike Glenn, who wrote a book

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about his story on this
topic. And I'll be Skyping in

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with Tessa from Huntsville,
Alabama, from my Facebook group,

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who wants to know how to have
these tough conversations

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with her parents right now.

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Like I said, this is a little bit

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of a different episode topic,

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but it's a really important one.

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Because I know for me, I
looked at my dad the other day

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and I was like, man, he
doesn't have as much hair

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as he used to.

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True fact.

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Dave Ramsey's a little
bald, getting a little gray.

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And so I was reminded
of the fact that, yeah,

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my parents are getting older.

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But thankfully these
conversations with my parents

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have come easy, because as a
Ramsey family, we do this a lot.

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(light upbeat music)

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We've had a lot of practice
in the Ramsey family

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to talk about when Dave and
Sharon Ramsey leave the Earth.

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Yes, it's kind of morbid, but it's true.

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It's probably because
of our unique situation

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with business and all of that, and the fact

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that my dad talks about
these subjects all the time.

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And so he's taken a big
personal responsibility

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to making sure that us,
as kids, are taken care of,

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and that we know exactly what is going on.

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And so, again, from a high
level, as a Ramsey family,

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we sit down once a year and
we talk through everything.

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Everything from investments, their wishes,

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what were to happen, who gets
what, it is all said out loud.

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But again, it became such
a normal conversation,

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and for that, I really,
really am thankful.

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I'm thankful that my parents took the lead

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on this conversation and I'm thankful

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that it's all been communicated.

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And so what I want is for you all

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to experience the same thing.

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Again, it may not be
a yearly conversation.

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You may not have it as frequently as we do

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in the Ramsey family, but
I want you and your parents

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to be on the same page.

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And so figuring out what you
need to know from your parents

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is a really important one.

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There are really four key questions

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that everyone needs to ask their parents.

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We're going to talk
about the how to later on

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with Tessa in our call. But for now,

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here are a few questions
that you need to know.

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Number one: You need to
ask them about a will.

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Okay, a will is a legal
document that states

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what happens to your things when you die.

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This is something that you
need to ask your parents

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if they have, because this will ensure

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that their wishes are
honored, and it helps avoid

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unnecessary conflict
between family members.

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It takes about 20 minutes to create a will,

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so if you've not done one for yourself,

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you need to do it and you need make sure

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that your parents have one.

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And to make the process super easy,

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I have a checklist for you,

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which you can get in the show notes.

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Now everything we're going to
cover will be there as well.

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Number two: You need to know

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if they have long term care insurance.

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This is huge!

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This pays for assisted living or home care

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when your parents can't
take care of themselves.

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We recommend buying this
by age 60 years old.

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This is an absolute must
if your parents haven't,

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especially if they haven't put
anything away for retirement.

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Because if something happens to them

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and they have to be put in a home, again,

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or they have care come into the home,

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you're paying for it at that
point if they do not have this.

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I even talked to a family friend,

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and they did this about 7 years ago.

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Their parents didn't have the ability

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to pay for their own insurance, so the kids

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all got together and said, okay,
well we're going to do this

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for mom and dad.

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Fast forward a few years,
his dad has passed away,

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his mom now has an in-house nurse 24/7,

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and it's all paid for by the insurance.

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Again, his mom didn't
pay for the insurance

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because she didn't have the ability to,

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but as the kids, they did.

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I'm not saying that's
something you have to do,

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but look at that and really think about

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the seriousness of the situation.

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This is a must.

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Number three: You want to know

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about their overall debt picture.

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Do they have debt?

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What type of debt do they have?

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You need to know
everything about this,

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because when they pass away,

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what they own minus what
they owe comes into play.

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And this could even affect, possibly,

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if you have an inheritance
being passed down to you.

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Also, if your name is
on any of their debts,

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if you have co-signed,
then you are liable.

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Your expectations may be one thing,

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and their debt and the
reality may be another.

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This is not a selfish
conversation to have.

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This is so that everyone
is on the same page.

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And fourth, finally: You and them,

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they need term life insurance.

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Term life insurance is
a policy you take out

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in the event that, if
something happens to you,

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your family gets a
specific amount of money,

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that you've previously decided on,

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and we recommend getting 10 to 12 times

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your annual income.

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This will ensure that
anyone who is dependent

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upon your income is taken care of,

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which is a must for families,
especially younger families.

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Now, do not confuse whole life insurance

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with term life insurance.

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Term life insurance is what you need,

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and it's a fraction of the cost,

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and it's much more
affordable than you think.

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Okay, I know all of this
can seem really complicated,

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or you may not even know where to start,

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so I recommend Zander Insurance.

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They make everything really easy for you

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and they do all the work.

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Just make a simple phone call with Zander

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and they will get you started immediately.

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They will walk you through every step

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and shop all the carriers
to get you the best rates.

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So make sure to visit
zander.com to get started.

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To get all my recommendations
on all these topics,

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I've left a link in the show notes

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to make it as easy for you as possible.

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All right, now I want
to get into some things

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that your parents don't
need, but you're going to see

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a lot of TV commercials
for them telling you

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that they need this,
and that they need this.

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And they may believe it,
but we don't want this,

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because they can lose a lot of money,

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because a lot of these are scams.

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First and foremost, reverse mortgages:

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No, no, no!

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Do not take out a reverse mortgage!

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You're going in reverse—the opposite way.

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You do not want that.

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Gold and silver:

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They pray on the fear of the markets

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when you watch these commercials.

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Like, we're all going down,

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and we're all going to
become bankrupt tomorrow

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if we don't have gold.

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And what's so funny to me when
people invest in commodities,

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like gold and silver, is like, okay,

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so say the economy does collapse.

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What are we going to trade for?

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What are we going to barter for?

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Food. Shelter. Not little gold bars.

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So it doesn't even
really make sense for me.

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So yeah, gold bars, silver, don't do it.

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Invest in the market.

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Again, real estate, all the
things, not gold and silver.

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Accidental death insurance:

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You do not need this, because
it doesn't matter how you die.

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If you die by accident or not, you die.

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You're not going to die twice,
so don't pay insurance for it.

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Mortgage protection insurance:

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Okay, you don't need this,
because hopefully your parents

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are starting to pay down their mortgage.

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If they still have a mortgage,

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life insurance will cover the rest.

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Prepaid funerals:

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Don't do this.

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People put money into this.

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If you had invested that money

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instead of prepaying for your funeral,

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what you would have
made on that investment

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you could have buried King Tut with, okay?

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Don't do it.

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And cancer insurance:

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Now the majority of health
insurance plans cover this.

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If yours doesn't, then
you may want to look at

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a different coverage, but don't take out

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an extra insurance for cancer insurance.

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So, I know this is a
lot of stuff to take in,

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so we've made a 5-minute checkup

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that you and your parents
need to make sure you have

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everything that's covered.

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Click the link in the show notes for that.

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Okay, now that I've
given you all these tips,

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I actually wanted to talk to someone

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who is walking through this personally.

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I'm going to bring Tessa on the line now.

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Hey, Tessa. I hope you're doing well.

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Thanks for coming on.

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- Yes, thank you so much.

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- Absolutely.

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Okay, so tell me a little
bit about your question

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and your situation
overall with your parents.

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- Okay, so my husband
and I, from 2013 to 2014,

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worked our debt snowball
and got out of debt.

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It took us about 18 months.

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So once we did all of
that, we kind of looked up

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and realized that not
everyone lives debt-free

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and that we were not normal.

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- It's a realization a lot
of people have, I feel like.

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- And so we didn't know what our,

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what my parents' situation is
as far as what their debt is,

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what's left behind in their will,

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should that situation arise,

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and just a whole bunch
of uncertainty as far as

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what will play out.

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- Absolutely.

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Do they ever broach the
conversation with you all,

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like, what's the furthest you
guys have gone in conversation

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when it comes to money?

0:10:01.153,0:10:02.590
I'm sure you shared your story

0:10:02.590,0:10:03.650
and you guys getting out of debt,

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so I know they probably know that part.

0:10:04.970,0:10:07.970
But like, have they, have
they opened any kind of door?

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Or is that even an open
avenue to talk about money,

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even from your end, with them?

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- It's kind of, kind of like touch and go.

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It might come up, but
it doesn't necessarily always

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evolve into the deep discussion of, well,

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what are the numbers? What
are the exact types of debt?

0:10:27.758,0:10:28.591
- Yep.

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Okay, so a way to approach
this conversation for you,

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or anyone listening who doesn't have

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these ongoing conversations
with their parents,

0:10:34.830,0:10:38.220
is first and foremost we call this

0:10:38.220,0:10:40.570
the Powdered Butt Syndrome.

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Meaning, if someone has powdered your butt,

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they do not want your
advice on sex or money.

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So like, that's the lay of the land,

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which means this is going to be awkward.

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Because in a normal
reality you would think

0:10:53.270,0:10:54.710
the roles are very much reversed, right?

0:10:54.710,0:10:56.590
The parent takes care of the child.

0:10:56.590,0:10:57.690
But now you're an adult,

0:10:57.690,0:10:59.000
and that conversation hasn't happened.

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So I think, when you sit down
to have this conversation,

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because it is going to
have to be a sit-down.

0:11:03.630,0:11:05.140
You can kind of go around the edges

0:11:05.140,0:11:07.010
and kind of pick up pieces along the way,

0:11:07.010,0:11:08.380
but it's better just to sit down

0:11:08.380,0:11:11.850
and have a frank conversation and own it.

0:11:11.850,0:11:16.579
Number two, you definitely
want to present quickly,

0:11:16.579,0:11:17.990
as they start to realize
you're going to be

0:11:17.990,0:11:19.930
talking about money and their money,

0:11:19.930,0:11:21.560
is that you're not
having this conversation

0:11:21.560,0:11:23.010
because you want their money.

0:11:23.890,0:11:26.007
Some people are, you know, some
parents can be sitting here

0:11:26.007,0:11:27.880
and be like, who is this kid?

0:11:27.880,0:11:29.390
You know, what are they
wanting? Why are they,

0:11:29.390,0:11:32.017
why are they so interested in
my will and my investments?

0:11:32.017,0:11:34.950
Is to say, like, this is not
about me getting your money,

0:11:34.950,0:11:35.783
by any means.

0:11:35.783,0:11:38.590
This is me wanting to
take care of you guys

0:11:38.590,0:11:42.070
and pass on your legacy
as well as possible.

0:11:42.070,0:11:43.395
Do you have siblings?

0:11:43.395,0:11:45.005
- I do, yes, two.

0:11:45.005,0:11:45.838
Two younger.

0:11:45.838,0:11:46.840
- Two younger, okay.

0:11:46.840,0:11:50.530
And so your parents need to
realize that 100% of the time.

0:11:50.530,0:11:52.619
I mean, guaranteed 100% of the time,

0:11:52.619,0:11:55.440
when things are not
communicated before a death,

0:11:55.440,0:11:59.720
stress and fighting start
to occur amongst siblings,

0:11:59.720,0:12:00.979
because no one knows what to do.

0:12:00.979,0:12:01.812
- Yep.

0:12:01.812,0:12:03.380
- And so you want to be able to say

0:12:03.380,0:12:04.670
and communicate to your parents, hey,

0:12:04.670,0:12:05.550
this is for the betterment,

0:12:05.550,0:12:07.290
even of the relationship of your kids.

0:12:07.290,0:12:09.330
Like, we want to do this for you.

0:12:09.330,0:12:11.640
And so, with the will,
let's talk about it,

0:12:11.640,0:12:13.820
and I'll be here to help
you. I can be a resource.

0:12:13.820,0:12:17.430
Use me and let's
walk through this together.

0:12:17.430,0:12:18.980
So that's one big thing to realize.

0:12:18.980,0:12:21.024
And then also just talk
about their overall

0:12:21.024,0:12:23.110
financial situation, right?

0:12:23.110,0:12:25.460
Talk about their debt level.
Talk about their income.

0:12:25.460,0:12:28.350
Know if they have investments.
Do they have a 401k?

0:12:28.350,0:12:30.252
Your mom, did I hear she's a teacher?

0:12:30.252,0:12:31.085
- Yes.

0:12:31.085,0:12:31.990
- Yes, okay, so she may have stuff,

0:12:31.990,0:12:32.961
you know, involved with that.

0:12:32.961,0:12:36.130
Figure out their entire
financial situation.

0:12:36.130,0:12:38.923
But the two big things
for your benefit, again,

0:12:38.923,0:12:41.730
as the child, is going to be the will

0:12:41.730,0:12:43.770
and the long term care
insurance, for sure.

0:12:43.770,0:12:45.680
And so my hope would be that this would be

0:12:45.680,0:12:46.920
a continued conversation,

0:12:46.920,0:12:48.981
and the more you guys
have this conversation,

0:12:48.981,0:12:51.310
the more normal it becomes.

0:12:51.310,0:12:52.324
It really does, right?

0:12:52.324,0:12:53.157
- Yes, yes.

0:12:53.157,0:12:54.700
- It takes the scary
monster and it reveals it

0:12:54.700,0:12:55.690
into the light and you're like, okay,

0:12:55.690,0:12:57.880
it's not as scary as I thought.

0:12:57.880,0:13:01.840
And so, you guys, what's
your relationship like now?

0:13:01.840,0:13:06.000
- Very good, very involved with my kids.

0:13:06.010,0:13:09.020
They, you know, watch them for date nights

0:13:09.020,0:13:10.097
and that kind of thing.

0:13:10.097,0:13:11.180
- That's great.

0:13:11.180,0:13:12.013
- Very involved.

0:13:12.013,0:13:15.840
- That's, I think that
that's even more encouraging

0:13:15.840,0:13:18.182
knowing the current relationship,
because dependent upon that

0:13:18.182,0:13:21.370
is, you know, how well these
kind of conversations can go.

0:13:21.370,0:13:23.530
Well, thanks Tessa, so much for coming on

0:13:23.530,0:13:25.190
and just being willing to share your story,

0:13:25.190,0:13:26.830
because so many people are in your boat.

0:13:26.830,0:13:28.010
So I really, really appreciate it.

0:13:28.010,0:13:30.010
- Yes, thank you.
- [Rachel] Thanks.

0:13:30.010,0:13:31.773
- I hope that conversation
with Tessa helped you guys

0:13:31.773,0:13:34.090
because I know these
conversations with your parents

0:13:34.090,0:13:35.900
can be awkward and hard,
but hopefully you can

0:13:35.900,0:13:39.270
take some of those tips and
apply them to your situation.

0:13:39.270,0:13:41.520
All right, up next I'm going
to talk to family friend

0:13:41.520,0:13:44.830
and author, Pastor Mike Glenn.
And he recently wrote a book

0:13:44.830,0:13:47.000
about navigating some
of these conversations

0:13:47.000,0:13:50.010
and taking care of aging
parents with dementia.

0:13:50.010,0:13:50.918
So take a look.

0:13:50.918,0:13:54.100
(upbeat music)

0:13:54.100,0:13:55.184
Pastor Mike Glenn

0:13:55.184,0:13:56.017
- Hello Rachel.

0:13:56.017,0:13:56.850
- Thanks for being on.

0:13:56.850,0:13:57.683
- Well, thank you for having me.

0:13:57.683,0:13:58.516
- It's so fun.

0:13:58.520,0:14:00.900
Okay, so you're the pastor of
Brentwood Baptist Church.

0:14:00.900,0:14:01.500
- I am.

0:14:01.500,0:14:02.560
- Here in Nashville.

0:14:02.562,0:14:04.470
Massive church, how many
members do you guys have?

0:14:04.470,0:14:06.955
- Twelve thousand or so is
our bragging number.

0:14:06.955,0:14:07.841
- Our bragging number.

0:14:07.841,0:14:09.291
(laughing)

0:14:09.291,0:14:10.124
So good.

0:14:10.124,0:14:12.280
And you just came out with a great book.

0:14:12.280,0:14:13.113
- Oh, thanks.

0:14:13.113,0:14:13.946
- Which I loved, Coffee with Mom.

0:14:13.946,0:14:14.779
- Right.

0:14:14.779,0:14:16.300
- So tell me a little bit about it.

0:14:16.300,0:14:20.120
- 2014 we moved my mom up here.

0:14:20.120,0:14:23.810
She'd been diagnosed with
Alzheimer's and dementia,

0:14:23.810,0:14:27.150
and moved her up here so
we could take care of her.

0:14:27.150,0:14:32.110
This is the story. It
came out of me stopping by,

0:14:32.110,0:14:33.930
most every morning and
having coffee with her.

0:14:33.930,0:14:35.420
And that was the way I would start my day

0:14:35.420,0:14:36.940
and some of our conversations

0:14:36.940,0:14:38.350
and what we ended up dealing with.

0:14:38.350,0:14:39.183
- [Rachel] Yes.

0:14:39.183,0:14:40.559
- Are part of what made that book.

0:14:40.560,0:14:41.280
- I love it.

0:14:41.280,0:14:42.220
And she passed away.

0:14:42.225,0:14:43.058
- She passed away this past July.

0:14:43.058,0:14:43.891
- Okay, okay.

0:14:43.891,0:14:44.820
- And one of the hardest
things of the book

0:14:44.820,0:14:46.819
is we started writing the
book, and then I had to go back

0:14:46.819,0:14:49.080
and put everything past tense.

0:14:49.080,0:14:50.872
- Yes, through the manuscript, yeah.

0:14:50.872,0:14:51.980
- That was, that was a
different kind of grief.

0:14:51.980,0:14:52.861
- Yep, absolutely.

0:14:52.861,0:14:53.750
- Having to go back.

0:14:53.750,0:14:56.310
- And grief is, it's a part of, I mean,

0:14:56.310,0:14:57.917
everyone experiences it on some level.

0:14:57.917,0:14:58.750
- [Mike] Right.

0:14:58.750,0:14:59.583
- In their life.

0:14:59.583,0:15:01.920
And as a pastor of,
obviously, a massive church,

0:15:01.920,0:15:03.500
part of your job is walking with people

0:15:03.500,0:15:05.620
through the good times,
through the bad times.

0:15:05.620,0:15:08.400
And so I'm curious, because
you've walked with, I'm sure,

0:15:08.400,0:15:10.527
hundreds, maybe even
thousands of families,

0:15:10.527,0:15:11.360
- [Mike] Right.

0:15:11.360,0:15:12.890
through the grief process.

0:15:12.890,0:15:16.060
But have you found or have
you been in conversations

0:15:16.060,0:15:19.600
around the idea that, when
money is not handled properly,

0:15:19.600,0:15:21.620
when things are not talked
about and communicated,

0:15:21.620,0:15:24.440
that it adds a level of stress to families

0:15:24.440,0:15:25.273
through that process?

0:15:25.273,0:15:28.445
- Oh, yeah, and I'm, I've
become somewhat of a zealot

0:15:28.445,0:15:29.670
on this part.

0:15:29.670,0:15:33.060
My family was really fortunate.

0:15:33.060,0:15:35.010
Dad was very successful in his work.

0:15:35.010,0:15:37.623
We had the assets we
needed to take care of mom.

0:15:38.880,0:15:41.410
Dad and I were able to
have long conversations

0:15:41.410,0:15:44.650
about exactly how he
wanted things handled.

0:15:44.650,0:15:46.840
So I had the comfort of knowing I'm doing

0:15:46.840,0:15:48.880
exactly what my dad wanted to do,

0:15:50.220,0:15:52.910
to the point that I tease
people that I'm the only man

0:15:52.910,0:15:54.270
that's going to have to have
two votes to get into Heaven.

0:15:54.270,0:15:55.710
Because Jesus is going to say, well done,

0:15:55.710,0:15:57.610
then my dad's going to step
around and go, well, hold on,

0:15:57.610,0:15:59.069
I left the boy some instructions.

0:15:59.069,0:16:00.540
- Did he do what he needed to do?

0:16:00.540,0:16:03.210
- Yeah, did he do what I asked him to do?

0:16:03.210,0:16:06.200
And so the choices you have to make

0:16:06.200,0:16:07.763
when you're walking through
that are never easy.

0:16:07.763,0:16:09.350
- Yeah.

0:16:09.350,0:16:12.370
- And if you put your
family in a situation

0:16:12.370,0:16:15.346
where nobody knows.

0:16:15.346,0:16:17.180
They think they know.

0:16:17.180,0:16:19.750
There was maybe a conversation
where you might have

0:16:19.750,0:16:21.820
said something off-handedly.

0:16:21.820,0:16:24.850
Nobody likes having these
conversations. But honestly,

0:16:24.850,0:16:29.640
if you love your family, sit
down with them, write it down.

0:16:29.640,0:16:32.430
Here's how I want these things handled.

0:16:32.430,0:16:34.520
Everything from the living will,

0:16:34.520,0:16:38.180
to the will of how you want
your property taken care of,

0:16:38.180,0:16:41.070
to who's in charge of what when.
- [Rachel] Yep.

0:16:41.070,0:16:45.710
So that, when they
call you on Saturday morning

0:16:45.710,0:16:48.500
at 6:30, which is when we
got the call, and said,

0:16:48.500,0:16:53.090
and they said, do not come
here, go to the emergency room,

0:16:53.090,0:16:55.390
it's like stepping on a land mine.

0:16:55.390,0:16:57.900
I mean, you're fine one
morning, one moment,

0:16:57.900,0:16:58.945
and then it's click, boom.

0:16:58.945,0:16:59.778
- [Rachel] And then it changes.

0:16:59.778,0:17:01.190
- And your whole world blows up.

0:17:01.190,0:17:02.023
- Sure, sure.

0:17:02.023,0:17:04.630
- So now I'm to the point where, you know,

0:17:04.630,0:17:06.870
I've sat down with my boys
and said here's the notebook.

0:17:06.870,0:17:09.700
If something happens to
me, you walk in my office,

0:17:09.700,0:17:12.020
you grab this notebook, and
here's everything you need.

0:17:12.020,0:17:16.032
- So good, because it just
removes totally that extra layer

0:17:16.032,0:17:17.417
of stress in it.

0:17:17.417,0:17:18.640
- Yeah, you don't, you
don't have the capacity

0:17:18.640,0:17:22.037
to make decisions and
it's like one more drop

0:17:22.037,0:17:25.290
that just sends
you over the edge.

0:17:25.290,0:17:26.123
- That's so good.

0:17:26.123,0:17:28.310
So that's kind of like the
money responsibility part.

0:17:28.310,0:17:30.140
But people, if someone's watching

0:17:30.140,0:17:32.270
and they're walking through grief,

0:17:32.270,0:17:35.829
how would you help someone
grieve well, just in general?

0:17:35.829,0:17:38.430
- So the big thing I
would tell people is one,

0:17:38.430,0:17:39.720
it's going to happen.

0:17:39.720,0:17:42.020
You're going to grieve.
Give yourself time,

0:17:42.020,0:17:45.360
give yourself permission,
and don't rush through it.

0:17:45.360,0:17:47.850
I found out keeping a journal helps.

0:17:47.850,0:17:48.683
- Okay.

0:17:48.683,0:17:50.670
- Because these thoughts
walk around in your head

0:17:50.670,0:17:52.250
and they won't sit down,
because they're afraid

0:17:52.250,0:17:53.600
you're going to forget them.

0:17:53.600,0:17:57.070
But if you write them
down, then they'll relax.

0:17:57.070,0:17:59.060
And you can go back and read
it and your mind will say,

0:17:59.060,0:18:00.880
okay, you've written that down,

0:18:00.880,0:18:02.410
now we'll go back and look at it.

0:18:02.410,0:18:05.360
Look for those things that
you write about a lot.

0:18:05.360,0:18:06.510
- It's good, the themes throughout it.

0:18:06.510,0:18:07.343
- [Mike] Yeah, the themes, what
you keep going back to.

0:18:07.343,0:18:08.176
- So tell me about that.

0:18:08.176,0:18:09.800
Because we've talked about
journaling on this show before,

0:18:09.800,0:18:12.480
and just the power of almost
even your subconscious thoughts

0:18:12.480,0:18:13.800
sometimes just flow out
- [Mike] Oh yeah.

0:18:13.800,0:18:14.633
as you're writing.

0:18:14.633,0:18:17.670
Yeah, what have you
seen in that that's helped?

0:18:17.670,0:18:20.100
- You'll go back and tell the same story

0:18:20.100,0:18:21.230
again and again and again.

0:18:21.230,0:18:23.770
When you see that two or
three times in your journal,

0:18:23.770,0:18:26.660
then go back and say, okay,
what was it about that moment

0:18:26.660,0:18:28.220
that I'm trying to hold on to,

0:18:28.220,0:18:30.090
that I'm not ready to let go of?

0:18:30.090,0:18:32.630
What have I not thought
through, understood?

0:18:32.630,0:18:35.080
So that I can grieve it and release it.

0:18:35.080,0:18:36.870
- That's good. So, so, good Mike.

0:18:36.870,0:18:39.530
And those memories, and having that,

0:18:39.530,0:18:41.550
and be able to document, whether
it's through journaling,

0:18:41.550,0:18:43.624
through memory, and
even for you, the book.

0:18:43.624,0:18:44.457
- Right.

0:18:44.457,0:18:46.330
- Having it in here, I
mean, it is, it's powerful.

0:18:46.330,0:18:49.200
And so while have fun on this show, 100%.

0:18:49.200,0:18:51.760
And we enjoy our life,
and there's things to do.

0:18:51.760,0:18:53.770
There are these topics
that are hard to talk about,

0:18:53.770,0:18:54.603
but it's important
- [Mike] Right.

0:18:54.603,0:18:58.700
to open up the door and
to find a resource in your life,

0:18:58.700,0:19:00.350
whether it is a pastor,
whether it is a friend,

0:19:00.350,0:19:02.020
a counselor, to walk through those.

0:19:02.020,0:19:03.253
Because it is, it's an important.

0:19:03.253,0:19:04.288
- That's right, it's the way,

0:19:04.288,0:19:06.010
it's the way you love your mom now.

0:19:06.010,0:19:07.340
- Yeah.

0:19:07.340,0:19:08.173
So good.

0:19:08.173,0:19:09.940
Okay, Coffee with Mom.

0:19:09.940,0:19:10.773
- Coffee with Mom.

0:19:10.773,0:19:11.606
- Mike Glenn.

0:19:11.606,0:19:12.439
And where can people pick it up?

0:19:12.439,0:19:13.272
- Anywhere books are sold.

0:19:13.272,0:19:14.105
- Awesome, awesome.

0:19:14.105,0:19:14.938
Thanks, Mike.

0:19:14.938,0:19:15.831
- All right, thank you, Rachel.

0:19:15.831,0:19:16.664
- Great wisdom. Thank you.

0:19:16.664,0:19:17.497
- Great to be here. Thank you.

0:19:17.497,0:19:20.080
(upbeat music)

0:19:24.976,0:19:27.800
- All right, you guys, thanks
for hanging in there with me

0:19:27.800,0:19:31.010
through these hard and kind of sad topics.

0:19:31.010,0:19:33.790
But again, these
conversations are so needed,

0:19:33.790,0:19:36.910
and I know this stuff will
help you and your parents

0:19:36.910,0:19:38.800
find freedom with money.

0:19:38.800,0:19:40.660
A big thanks for Mike Glenn for coming on

0:19:40.660,0:19:44.277
and sharing with us and for
Tessa for sharing her story.

0:19:44.277,0:19:47.340
Now to get access of everything
we talked about today,

0:19:47.340,0:19:50.655
because there was a lot, click
the link in the show notes.

0:19:50.655,0:19:53.630
And you know what else
would be really awesome?

0:19:53.630,0:19:57.760
If you subscribed to my
YouTube channel and my podcast.

0:19:57.760,0:19:58.593
That's right.

0:19:58.593,0:20:00.110
Just search the Rachel Cruze Show

0:20:00.110,0:20:01.552
wherever you listen to podcasts.

0:20:01.552,0:20:04.750
And also give this video a thumbs up

0:20:04.750,0:20:06.720
if it helped you in any way.

0:20:06.720,0:20:09.690
And as always, be sure to
take control of your money

0:20:09.690,0:20:11.843
and create a life you love.