This was very realistic and practical especially in the aspect where you stated in knowing the difference in the emotions of being in a relationship, wanting to be in a relationship and being able to walk away when you have to. I do feel that as much as you state “Two aligned incomes can materially impact how fast you build wealth, and a strategic partnership can be life changing.” It’s still definitely always easier to manage and make decisions when you’re only managing your finances.
Definitely! Managing a team will always be more difficult but the reward for that will always be bigger. I think step 1 - understanding and managing your own finances (like you say) is crucial because you then don’t lose that identity or knowledge in a relationship too
I like so much of this advice, besides the use of the word "obsessed." I do truly think that we all need to be financially educated, but I'd much rather be obsessed with the freedom and stability that money can provide us versus the money itself!
Love your take, but I think both can be true. Building wealth together with your partner, and having financial security if things don't go as planned, without having to do it secretly or privately.
It actually makes sense to have separate accounts, especially when it comes to estate planning.
You could be separated by death and end up with nothing if everything was in your spouse's or joint names.
Both can 100% be true, I said in the second half of this issue that actually two incomes can accelerate wealth a lot!
And I think privacy (very different from secrecy) doesn’t take away from how much you love and trust your partner because the reality of life always has to be factored in.
Your last sentence is the key point - you just never know what will happen so having some sort of financial independence AND identity is so important
This was very realistic and practical especially in the aspect where you stated in knowing the difference in the emotions of being in a relationship, wanting to be in a relationship and being able to walk away when you have to. I do feel that as much as you state “Two aligned incomes can materially impact how fast you build wealth, and a strategic partnership can be life changing.” It’s still definitely always easier to manage and make decisions when you’re only managing your finances.
Definitely! Managing a team will always be more difficult but the reward for that will always be bigger. I think step 1 - understanding and managing your own finances (like you say) is crucial because you then don’t lose that identity or knowledge in a relationship too
That’s agreed upon. Currently, I’m trying to build my habit of tracking my expenses
I like so much of this advice, besides the use of the word "obsessed." I do truly think that we all need to be financially educated, but I'd much rather be obsessed with the freedom and stability that money can provide us versus the money itself!
Hehe me too but if using ‘obsessed’ makes more people read this then I’ll take it
Love your take, but I think both can be true. Building wealth together with your partner, and having financial security if things don't go as planned, without having to do it secretly or privately.
It actually makes sense to have separate accounts, especially when it comes to estate planning.
You could be separated by death and end up with nothing if everything was in your spouse's or joint names.
Both can 100% be true, I said in the second half of this issue that actually two incomes can accelerate wealth a lot!
And I think privacy (very different from secrecy) doesn’t take away from how much you love and trust your partner because the reality of life always has to be factored in.
Your last sentence is the key point - you just never know what will happen so having some sort of financial independence AND identity is so important
Yes to this.
Love the boat.
But keep your own life jacket.
Security is not distrust.
It is self respect.
Every woman should be able to leave any situation, calmly, if she has to.
That is not anti love.
That is adult love.
Love the life jacket addition to this analogy, it’s true!
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Really enjoyed this! Thank you 🤎