Sometimes, when talking with my clients, I have these exceptional and authentic moments. I’m going to share one of those today. This topic affects a lot of couples, and it affects my client. When he and his wife were first starting, they had nothing. They lived a simple life and were deeply engaged in each other because they had nothing else to define them.
Financial infidelity is a problem that can start small but create issues of trust and ruin relationships down the line. Open, honest conversations about money are the best way to deal with spending, saving, earning, and debt in relationships. Minor omissions and lies about finances can lead to trust issues down the line. These issues start small but fester over time.
We recently received a listener question from a couple that’s just getting started in their marriage. They wanted to know how to manage their finances. Should things be managed separately? Should they split the bills? What’s the right way to approach finances as a married couple?
What happens when conflict goes unresolved in a relationship? It builds into resentment – a much more difficult mess to clean up. On this week’s episode, James equips you with the tools you need to have those scary conversations about money, so you can avoid the scarier conversations about debt or what happens when you’ve been undersaving.
Your past history informs your present.
Your money story is no different.
If you want to understand why your relationship with money is the way it is, first take a look at:
– why you’re an anxious saver
– why you like to buy gifts for everyone you love
– why you stay in a state of unawareness regarding money
You have to be open to having the conversation that pieces those “flashpoints”, those defining moments in your story, into the narrative informing your decisions today.
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Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth, by James Lenhoff
Latest Episode of The Rich Life Podcast
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