Disclaimer: Not financial advice, this content is about having conversations about finance for educational purposes only as a source of reflection. When in doubt, always contact your trusted financial advisor or financial planner. If you use the AI prompt below, be sure to be aware that AI can make mistakes. Ensure that you read the content carefully and if there are things that do not make sense, go back to your financial advisor or financial planner.
Talks about finance and wealth is something that seems to be a taboo, not only in Indonesia but perhaps globally. It is indeed a sensitive topic to discuss because our perception about money can be different from one another. One might feel that money should be safe guarded at all cost, others might not want to talk about money at all (avoidant) and want to focus on enjoying life. Talking about money becomes a huge chore and a hard conversation that few want to have unless absolutely necessary.
Furthermore what’s commonly observed
is that there is a group of people who’s the breadwinner to support the financial life of generations above and generations below (sandwiched). Although there are multiple stakeholders, conversations about finance and money might remain absent.
Imagine you have a WhatsApp group with your family:
Alex (breadwinner wants to get promotion)
Bob (father wants to buy a new fridge)
Carol (mother wants to go to the dentist)
Dalton (grandfather wants to do a medical check up in Penang)
Emily (grandmother wants to take yoga classes for her wellbeing)
Money (Alex’s wallet)
Alex financially supports the wants of B, C, D, and E. But Money is never really in the picture although Money is the ultimate decision maker as to whether the wants of all family members can be fulfilled or not. Because if there’s not enough money, Dalton might not be able to have a medical check up in Penang.
What’s worse, even when Alex couldn’t afford it with his income, he might end up unknowingly take up a tad bit too much debt. And… none of his family members would be aware that Alex is in trouble.
But why?
Why do we seldom talk about something that is as essential as money. Or at least every participant who has their financial need supported by another person might want to have a transparent picture of Money in the WhatsApp group.
I am very lucky to be able to have a nice conversation on
How to talk about finances to our family
with one of our customers, Rico. This is especially important for people who supports multiple generations’ financial needs who might want to look for ways to talk more openly and safely about money with their family.
It is barely scratching the surface about the topic but the video gives a good idea about where we can start. Enjoy!
Also, this is why the video might matter to you as a long term investor
Most people think investing is about returns.
But in reality, your financial outcomes depend on:
your relationship with money
your family’s relationship with money and their expectations on you
Your portfolio might have a hard time growing if a lot of your energy—mental, emotional, financial—is used to patch invisible holes at home.
Clarity and honesty protect not just your balance sheet but your well-being. So hopefully it would be of value.
For those who like to read
you can always get the show transcript from YouTube, and copy paste it in to ChatGPT or your favourite AI tool (I tested the prompt with the free ChatGPT model) with the following prompt:
“““
You are an editor and writer helping me transform a raw YouTube transcript into a polished blogpost.
The transcript is a conversation between Toby (host, Co-Founder of Recompound) and Rico (guest, customer). You do not need prior knowledge about Recompound—everything needed is described below.
Your Tasks
When I paste a transcript, you must:
Rewrite it into a complete, polished blogpost
Use this style guide to frame the writing:
Tone: calm, reflective, long-term, psychologically aware, non-hype, data-driven but simple.
Audience: busy professionals & entrepreneurs looking to improve their investment mindset.
Clean the transcript
Remove filler words like “uh”, “you know”, “like”, “kan”, “ya”, “basically”.
Remove repeated sentences, cut irrelevant small talk, and re-organize ideas so they flow logically.
Turn messy dialogue into a coherent narrative
You don’t need to preserve conversational format.
Convert the scattered points into a single-voice essay.
Attribute ideas subtly (e.g., “Rico shared that…” or “As Toby explained…”).
Keep only the most valuable segments.
Preserve the wisdom, not the wording
Use the transcript only as source material, not as literal sentences.
Rewrite everything into clean, professional, simple prose that fits the Recompound editorial style.
Deliver output in this format:
Title: (5–10 words, reflective, non-clickbaity)
Subtitle: (one sentence framing the insight)
Body:
Opening hook (2–4 sentences)
Body sections with clear subheadings
Actionable takeaways (bullet points)
Soft CTA:
If you want to improve your decision-making and long-term investing approach, you can explore more of our writings at Recompound.
When you’re ready, tell me:
“Paste your transcript below.”
“““
Closing remarks
Still here? I am curious about how you’d find the video or the ChatGPT summary, schedule a call with us if you have food for thoughts or just want to have a safe space to talk about finance.
If you want to know more about us and our work,