251. Money & Relationships: How To Communicate Your Finances Without Killing Each Other 😅
The Fitness Business Podcast with Erin Dimond and Jordan Dugger
Erin Dimond and Jordan Dugger
4.9 • 670 Ratings
🗓️ 2 August 2021
⏱️ 33 minutes
🧾️ Download transcript
Summary
Money is the #1 reason couples get divorced… we get why. We've come from two very different mindsets when it comes to money. Jordan didn't believe he could make a lot of money so didn't value it the same and Erin believed she would make any amount she ever wanted so the dichotomy has been a learning curve but one that, with work, has allowed IFCA and T4E to succeed the way it has. Listen in as they explain their viewpoints and what you can do to improve your money communication.
Time Stamps:
(0:30) Fights Over Finances
(1:55) Jordan's Money Mindset
(4:00) Erin and Jordan's Dichotomy
(11:50) Spending Money Eating Out
(13:55) Separate Bank Accounts
(20:30) John Madsen Story
(23:00) IFCA vs University
(27:32) Next Escalation of Growth
(30:30) Please Share on Your Story
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Transcript
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| 0:00.0 | What's up guys? Welcome to the FitBiz podcast. Here are your host, Jordan Aaron. I'm Jordan. |
| 0:05.8 | And I'm Jordan. So we're here in the studio. It's the first time we've done an episode in a little |
| 0:11.5 | while together, it feels like. But we're here for an episode to share with you our beliefs that have |
| 0:16.8 | evolved around money and how money has changed, I think, in the way that we've perceived it. |
| 0:21.7 | And also like some fights and shit over money we've gotten in, just like an all-out money |
| 0:25.7 | episode, which I think is going to be fun. |
| 0:27.1 | Yeah. |
| 0:27.7 | Well, Jordan and I, you know, as most marriages, I feel like, come from two different backgrounds, |
| 0:32.8 | two different places, two different sets of beliefs. |
| 0:36.0 | And it's really challenging. I think it's the number one |
| 0:39.7 | fight that couples have, like I've heard from marriage counselors, is over finances. So it can be |
| 0:45.6 | really challenging and like, how do we blend this? Where do we compromise? You know, just having |
| 0:49.9 | the conversations in general. So we're not that we're experts by any means, but in the four |
| 0:54.0 | years we've been together, we've had a lot of them. We also run our companies together, |
| 0:58.0 | so we make a lot of big financial decisions that impact other people. |
| 1:02.0 | So we'll take you on the journey of going from being very scarcity-minded to now having |
| 1:08.0 | a payroll of over $100,000 a month. |
| 1:11.3 | We've had to really shift some beliefs in terms of like how we think about money. |
| 1:15.1 | Yeah. |
| 1:15.4 | And we do come from very different, uh, different foundations for how we perceive money. |
| 1:20.5 | So for, for me, I'll share mine, but I think Aaron's yours is probably going to be a lot more relatable. |
| 1:24.5 | Um, so I grew up, uh up in a weird situation where growing up, |
... |
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