134. Managing Family Finances like a Business

Aaron Shelley is the author of The Family Flywheel: The Secret Business Principles Successful Families Use to Create Sustained Wealth And Happiness. On this episode of CFO at Home, Aaron and Vince discuss the differences and similarities of managing money in a business and at home, the different roles family members play in managing finances, the value of social resources in managing your money, and more. You can find out more about Aaron and the Family Flywheel by visiting thefamilyflywheel.com.

Key Takeaways

• Aaron’s story of writing The Family Flywheel (2:06) 

• Comparing managing a business to managing money at home (5:18)

• The importance of understanding roles when managing money at home (6:31)

• The importance of defining roles when managing money at home (11:13)

• The value of intentionality in defining financial roles in a home (17:28)

• The business of family decisions (24:01)

• The value of social resources (35.25)

Resources:

• The Family Flywheel

Ways to Contact:

• Aaron K Shelley - LinkedIn

• Aaron K Shelley - Facebook

• aaron@thefamilyflywheel.com

Contact the Host - vince@thecfoathome.com