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Build with Leila Hormozi

Answering Uncomfortable Questions about Money and Relationships | Spotify Video Exclusive

Build with Leila Hormozi

Leila Hormozi

Management, How To, Education, Entrepreneurship, Business

4.91.1K Ratings

🗓️ 20 January 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

“Look at every day as a chance for you to create evidence for yourself to make it more possible tomorrow.” Today, Leila (@LeilaHormozi) shares her transformative journey from personal struggles to business success, underscoring the crucial role of persistence, emotional resilience, and effective communication. This episode provides valuable insights on overcoming challenges, emphasizing skills development, problem ownership, and the importance of seeking support, making it a must-listen for aspiring entrepreneurs and individuals facing adversity. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business Timestamps: (0:30) - Should finances be a factor in early dating? (1:33) - Who should pay for the first date? (2:12) - Is there an element of romance when it comes to money? (2:39) Should occupations be listed on dating app profiles? (3:03) - How would you feel if someone were to hide information about how much money they made? (3:48) - When at the stage you’re moving in together, what is the best way to deal with finances? (5:45) - When is it a good time to combine finances? (7:00) - Do you believe in financial incompatibility? (8:18) - Are financial arguments between couples psychological or organizational? (10:05) - Why do you think money is such a sensitive topic amongst couples? (11:30) - When is the best time to start thinking about wills? (12:09) - What are the best solutions when it comes to having financial disparities in marriage? (14:09) - What is the best way to have hard conversations centered around money? (15:03) - How can you financially protect yourself in marriage while also keeping the romance and vision of the relationship alive? (16:02) - How do you establish financial trust with the relationship? (16:45) - Should you set up a prenup with your partner? Follow Leila Hormozi’s Socials: LinkedIn | Instagram | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Talking about money can destroy a relationship.

0:54.3

Questions like, should you get a pre-up? I run a large business with my husband, and over the years, we have dealt with many of these. I had to spend like 10 grand on the Airbnb. It's actually 6,000. And then there was food and gas. I ate subway every day. I paid for my own food. I know you. So today I'm going to answer some of these questions so that you and your partner can have a rock-solid relationship. And I'll be answering them for whether you're just dating, just moved in, or just got married. First, we're going to start with the dating category. Should finances be a factor in early dating? I'll be honest, I have girls that come to me and they're like, I can't believe that he wanted to have me pay for something. And I'm like, well, there's nothing wrong if a guy wants you to pay for something. What's the wrong part is that you guys don't talk about it. So I actually think that normalizing conversation around finances is what makes a relationship strong. If you look at like top reasons people get divorced,

1:11.6

money and finance is one of the top ones. And I think it's a lot of the times because people don't start off by talking about money. One of the best things I've ever done is talk about that stuff from the get-go. Well, how do I bring that up? The reality is that the first time that you talk about something that you've never talked about, it's going to feel uncomfortable. But you can normalize it by bringing it up more frequently. Don't expect the other person to bring it up first. If it's on your mind,

1:16.6

just bring it up. You do that by just simply stating the facts. Here's what I expect or would like

1:21.8

from a financial standpoint in a partnership and just lay it out on the table. Avoiding it just

1:26.4

makes it harder later on,

1:27.8

and it's going to just cause more problems than it hides.

1:30.6

All right, let's see the next question.

1:33.0

Who should pay for the first date?

1:36.2

When I was dating, I always offered to pay for half of the dates.

1:41.0

And I've posted that before, and people really got upset about it. I love the gesture of the guy paying for the first date. There is an element of this social norm. Most women are conditioned like enjoy. And myself included, like if a guy didn't offer to pay for the first date, then I would feel a little bit like, oh, okay, so he wants me to pay for the first date. That's interesting. Every first date that I went on, I offered to pay 50%. I just felt weird being like, I don't even

2:04.2

know if we're going to work out, but like, hey, pay for all my shit. It makes sense to me that when you're trying to figure out if something's going to work, you trade off who's paying. Is there an element of romance when it comes to money?

2:15.1

Maybe for some people, I mean, maybe like piles of dollar bills, you know, gets you going.

2:19.6

I had a man and he was really successful. comes to money. Maybe for some people, I mean, maybe like piles of dollar bills, you know,

2:18.8

gets you going. I had a man and he was really successful. He had a business that's doing like

2:22.5

a hundred million and he was like, how do I date women without my money influencing the

2:28.2

relationship? And I said, dude, that's never going to happen because she equates that money

2:32.7

to security. For women, what's attractive

2:35.4

is the security that money brings. Should occupations be listed on dating app profiles? For me,

2:41.8

it just sets the tone of a relationship, which is like, I've always wanted to be upfront honest

2:45.4

about everything. If you're already trying to use tactics to avoid telling the truth from the start of posting it in your profile,

2:53.6

that's a red flag to me about the person doing it. Putting everything out there from the get-go,

...

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