439: Watch Out for These Financial Infidelity “Red Flags” in Your Marriage

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 7 August 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

What should you do if you suspect financial infidelity from a partner? Money is a taboo subject in many marriages, and it doesn’t help that some spouses take a hands-off approach to personal finance. As you might imagine, this can quickly lead to one partner taking advantage of the other. Today’s guest is helping people save their nest eggs by uncovering and proving financial infidelity. Welcome back to another episode of the BiggerPockets Money podcast! Today, we’re joined by Tracy Coenen, a veteran forensic accountant who investigates fraud, hidden money, and other money “shenanigans” in marriages. Most often, Tracy helps spouses navigate finances during a divorce when emotions are already running high and both parties feel overwhelmed. Whether you need help unearthing hidden money or getting on the same page with your spouse, this episode is loaded with all kinds of helpful tips, tricks, and resources that will help you get a better handle on your finances. Join Tracy, Mindy, and guest host, Amanda Wolfe, as they discuss the biggest financial “red flags” in a marriage, things to include in a prenuptial agreement, and why the weekly money check-in is so important! In This Episode We Cover What to do if you suspect financial infidelity in your marriage The “fraud snowball” and how to stop it in its tracks How to uncover hidden money, secret accounts, and secret spending Why you NEED to form the habit of discussing finances with your spouse The importance of prenuptial agreements (and what you should include!) Tips and resources to help you keep a closer eye on your finances And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Amanda's Instagram Amanda's Website Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Money Moment Why You’re (Probably) Wrong About Prenups Money Dates, Prenups, & Combining Finances Visit Tracy’s Website for More Helpful Resources Click here to check the full show notes: https://www.biggerpockets.com/blog/money-439 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, where we interview Tracy Conan and talk about
0:04.9	forensic accounting and financial infidelity.
0:07.6	Hello, hello, hello, my name is Mindy Jensen, and joining me today is Amanda Wolfe, the
0:12.5	she-wolf of Wall Street.
0:14.0	Amanda, what's up?
0:15.0	Hey, hey, how are you?
0:16.0	I'm so happy to see you today.
0:18.0	Yeah, thanks for having me.
0:19.0	I'm really, really excited about this episode.
0:21.2	This episode is so much fun.
0:22.9	I know the whole forensic accounting and financial infidelity sounds like maybe that's not exciting.
0:28.3	This is a super fun show.
0:30.3	Wait for it.
0:32.3	Amanda and I are here to make financial independence less scary, less just for somebody else, to introduce
0:38.1	you to every money story because we truly believe financial freedom is attainable for everyone,
0:42.6	no matter when or where you're starting.
0:44.3	That's right, whether you want to retire early and travel the world, go on to make big-time
0:48.1	investments and ask it's like real estate or start your own business, we'll help you
0:51.4	reach your financial goals and get money out of the way so you can launch yourself towards
0:54.7	your dreams.
0:55.7	I don't know if you know this, but we have a new segment on the show called The Money Moment
0:59.9	where we share a money hack tip or trick to help you on your financial journey.
	...

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