Generational Money Mentality, Asian Parent Tax & Bad Money Habits | Ep. 41

Level: Asian

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In this episode, we're talking about our relationships with money! We discuss our different upbringings and how it’s affected our perspectives on money – Davie shares his experience of growing up ‘poor’ in an Asian household, and Noel with his frugal tendencies that he continues to carry with him.

We unpack the hot topic of deciding whether to purchase property, rent or travel - and we also discuss the older generation vs. new generation money mentality and parents using their kids as a retirement plan.
Enjoy the episode!

Luvut

1. Intro (00:00:00)

2. Davie on Growing Up ‘Poor’ (00:02:26)

3. Noel’s ‘Frugal Migrant Experience’ (00:06:55)

4. How Viv’s Perspective on Wealth Was Shaped (00:08:40)

5. Kan’s Experience Around Money (00:10:39)

6. Helping Out with the Family Business & ‘Asian Parent Tax’ (00:14:07)

7. Playing The Game of Wealth with Property (00:20:21)

8. Bad Money Managing Skills & Making Sacrifices for Our Parents (00:22:51)

9. Having an Intrinsic Perspective on Supporting Parents Financially & Understanding their Backstories (00:26:16)

10. Asian Frugalness & Our Parent’s ‘DIY Skills’ (00:37:15)

11. Old Gen Vs. New Generation Money Mentality, & Deciding Whether to Buy Property, Travel or Rent (00:45:21)

12. Parents Using Their Kids to Build Wealth (00:55:29)

13. Reading Through Audience Submissions (01:04:43)

14. Outro (01:12:54)