Answering Uncomfortable Questions about Money & Relationships | Ep 117
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 21 February 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
"Putting everything out there from the get go because being as honest as possible, even in a world where other people are not, is the best way you can go about it.” Today, Leila (@LeilaHormozi) discusses the importance of normalizing conversations around finances in relationships, highlighting the impact of money on relationship dynamics and offering advice on topics such as dating, moving in together, and marriage. She provides insights on how to approach financial discussions with transparency, set expectations, and establish trust to build a strong and harmonious relationship.
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:
(1:01) - Should finances be a factor in early dating?
(2:08) - Who should pay for the first date?
(2:49) - Is there an element of romance when it comes to money?
(3:18) - Should occupations be listed on dating app profiles?
(3:44) - Hiding information about what they did or how much they made early on in dating?
(4:32) - When you're moving in together, what is the best way to deal with finances?
(7:50) - Do you believe in financial incompatibility?
(9:10) - Are financial arguments between couples psychological or organizational?
(11:27) - Why do you think money is such a sensitive topic amongst couples?
(12:56) - When is the best time to start thinking about wills?
(13:37) - Best solutions when it comes to having financial disparities in a marriage?
(15:41) - Having hard conversations centered around money when combining your finances when married?
(16:38) - How to financially protect yourself in a marriage while also keeping romance in the vision of the relationship alive?
(17:39) - How do you establish financial trust with the relationship?
(18:23) - Should you set up a prenup with your partner?
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Transcript
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| 0:00.0 | The reality is, is that it's the same fear that people have of quitting a job, of starting a business, of moving away from home. |
| 0:06.2 | It's all the same thing. It's fear of the unknown. And what if nothing is better than what I have now. |
| 0:11.6 | And I think you have to be willing to take that risk to actually find the relationship where you are compatible in all facets. |
| 0:23.1 | How do you create an unshakable business? |
| 0:25.6 | I cross $100 million in net worth by the age of 28. |
| 0:28.8 | Now I'm growing acquisition.com into a billion dollar portfolio. |
| 0:32.0 | In this podcast, I share the lessons I've learned in scaling big businesses |
| 0:35.0 | and helping our portfolio companies do the same. |
| 0:37.6 | Buckle up and let's build. |
| 0:44.0 | I run a large business with my husband and over the years we have dealt with many of these. |
| 0:48.4 | So today I'm going to answer some of these questions so that you and your partner can have a |
| 0:51.9 | rock-solid relationship. And I'll be answering them for whether you're just dating, just moved in, or just got married. |
| 0:57.0 | First, we're going to start with the dating category. |
| 1:00.0 | Should finances be a factor in early dating? |
| 1:04.0 | 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. |
| 1:10.0 | And I'm like, well, there's nothing |
| 1:11.7 | wrong if a guy wants you to pay for something. What's the wrong part is that you guys don't talk about it. |
| 1:17.4 | So I actually think that normalizing conversation around finances is what makes a relationship |
| 1:22.7 | strong. If you look at like top reasons people get divorced, money and finance is one of the top ones. |
| 1:27.3 | And I think it's a lot of the times because people don't start off by talking about money. |
| 1:31.2 | One of the best things I've ever done is talk about that stuff from the get-go. |
| 1:35.1 | Well, how do I bring that up? |
... |
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