FF TV Episode #2: Your Financial Family Tree

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Knowing what to do with your money isn’t inherently easy. It takes time to learn the steps, the tricks, and the right and wrong way to do things.

Sometimes we overlook the fact that a lot of people who are attempting to jumpstart their finances aren’t aware of the financial accounts they should have.

In the video below I introduce a simple way to visualize the important financial accounts for your life.

It’s called the Financial Family Tree and in 5 quick bullet points you’ll better understand what accounts you should have, what to look for when shopping around for an account, and why they’re so vital.

This is only my second video, so let me know what you like and dislike about the video in the comments below!

[If you can't view the video, click here to go to the page]

[:21] –  What accounts should you have?

[:39] –  The Financial Family Tree

[1:02] -  Father: the checking account

[1:45] -  Mother: the online savings account

[2:35] - Daughter: retirement accounts like 401ks and IRAs

[3:15] - Son: taxable investing accounts

[3:53] – Pets: credit cards

[5:00] – Choose simple and efficient accounts and you’re finances will be ready to grow.

Which accounts do you think are necessary for people who are just starting off with their money?

Once again, I’m new to the video format so let me know what you think by leaving a comment below!

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