More and more people are investing these days. They follow what happens on the stock market and in the business world. But while we seem to talk more openly now about money than people used to, it may still be a sensitive subject for some. So how do you get the conversation started?
Most people like being asked how they would handle a tricky situation. This approach can make it easier for friends and family members to share ideas and learn from one another.
Some sample questions
- "If you had $25,000 sitting in the bank, what would you do with it? For example, would you pay down your mortgage or save money for retirement?"
- "If you found you owed more than you could afford, where would you look to cut your costs?"
- "If an adviser told you about a great investment opportunity, but you didn't understand it, would you go ahead and invest anyway?"
- "If you were a financial adviser and someone asked you about how to save for their kids' education, what would you tell them?"
- "If someone tells you about a great investment, but you need to come up with the money quickly and you?re not supposed to tell anyone else about it, what would you do?"
Once you get talking, you can bring up more personal questions that relate to your stage in life. Learn more now.
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.