165: How Do Couples Make Financial Decisions Together
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 4 October 2018
⏱️ 16 minutes
🧾️ Download transcript
Summary
One of the most popular questions I get is how Lori and I as a couple make financial decisions. It's not surprising when you see everywhere just how stressful finances can be. So today, I'm sharing a few game-changing ground rules that will help you feel better about your and your partner's relationship with money.
- Set your ego aside. Regardless if you're the sole bread winner or you both work, no ONE person is at fault. You should both have a strong interest in your financial goals. (If you don't, this is your wake-up call to start!) This is a team effort and no one is meant carry the burden alone. Ensure there are no secrets, share your fears and keep those old financial stories out of it.
"Living in the now is the only way to have certainty of your financial future."
- Learn your partner's communication style. This is imperative. Keep in mind that your partner will not hear you if your message is being given in a way they cannot receive. Trust me. When Lori and I first began working together, this took us 6 months to figure out.
- Have a budget and set goals. Make it fun and dream together. If you've never had a budget, I recommend checking out Dave Ramsey's Financial Peace University.
"Your budget is your financial roadmap to your goals."
- Schedule regular celebrations. Yes! Make "money dates" something to look forward to. Once a month shoot to go out and celebrate in your favorite way and take this time to acknowledge what went well, what mistakes were made and what you need to work on. Truly aim to air out any issues at this time unless it is more urgent.
"What doesn't get celebrated won't be repeated."
In closing and in order for these steps to work, you must practice integrity when it comes to achieving your goals. Make sure you're adhering to the above and your feelings around finances – especially as a couple – will lead to more harmony and abundance in all aspects of life.
In This Episode We Talk about:
- Four tips that will change the financial game for you as a couple
- Why no one is at fault
- Learning different communication styles
- Why you need to schedule in regular celebrations
Resources:
Now accepting applications for the 2019 For the Love of Money Mastermind. Go to fortheloveofmoney.com/mastermind to apply!
For more stories and tips on becoming unapologetically wealthy, follow me @Chriswharder on Instagram and check out fortheloveofmoney.com.
Transcript
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| 0:00.0 | Welcome everybody this is for the love of money where we are making you |
| 0:08.6 | unapologetic about your pursuit of success by sharing the tools, tips, and stories of those who have already made it. |
| 0:16.5 | My name is Chris Harder, and each week I will bring you incredible guests |
| 0:21.2 | in order to prove that when good people make good money they do great things. |
| 0:32.1 | Hey everybody welcome back to another mini episode of for the love money |
| 0:35.4 | episodes that I like to call my two cents and today I'm going to address a |
| 0:40.1 | really powerful topic one that I get more requests on than probably anything else. |
| 0:45.3 | And that is how do couples make financial decisions? |
| 0:49.2 | Like, come on, how do we make this work? |
| 0:51.3 | This is like the biggest stressor in the world out there. |
| 0:53.6 | So I'm going to tell you exactly what you should be doing as a couple out there when it comes to your finances. |
| 1:00.7 | Before I do, I want to remind you to all of my entrepreneurs out there. |
| 1:05.0 | If you are anywhere between $250,000 and $1.5 million, I have the perfect mastermind for you, |
| 1:12.0 | where we are going to teach you how to get into the multiple |
| 1:14.2 | seven figure range year after year after year after year by finding new revenue sources for you |
| 1:19.7 | and by putting together the best tribe of other entrepreneurs that you otherwise would not have access |
| 1:26.0 | to. |
| 1:27.0 | Imagine for one year, like 30 other talented entrepreneurs working on your business as much as they are their own. You can't even |
| 1:34.4 | hire help like that. So listen, if that's you, if you are a traditional entrepreneur |
| 1:38.9 | and you're looking to totally up-level game getting the multiple seven figures I want to |
| 1:43.8 | take you there in 2019 get on the waiting list because the waiting list is big and I |
| 1:48.0 | want the best of the best in that room I'm going to be so picky so this is not where you get in your head and say what if I'm not good enough |
... |
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