Debt in the Dating World and Retirement Planning for Entrepreneurs and Business Owners

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 10 February 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Learn how debt affects dating, plus expert advice on retirement planning for business owners navigating succession and savings. When does debt become a red flag in the dating world? How can business owners best plan for retirement? Hosts Sean Pyles and Elizabeth Ayoola discuss a new NerdWallet survey revealing how financial responsibility impacts romantic relationships, and they explore how different types of debt — like student loans versus credit card debt—affect dating prospects. Plus, they discuss why financial transparency matters, and they give you some steps to take if you want to become more financially appealing to a potential partner. Then, Sean and co-host Sara Rathner talk with an organic produce farmer, Tenzin, about how to plan for retirement, particularly as a business owner. They cover key retirement planning benchmarks, when to shift from reinvesting in a business to personal savings, and succession strategies for business owners looking to transition out of an active role. Read about the findings of NerdWallet’s new survey on debt in dating: https://www.nerdwallet.com/article/finance/data-undateable-debt Mentions: How to choose a financial advisor Retirement calculator In their conversation, the Nerds discuss: how much debt is too much, financial red flags, debt and relationships, money and dating, financial green flags, how to talk about money in relationships, paying off debt before marriage, retirement planning for small business owners, small business succession planning, selling a family business, how to retire as a business owner, when to stop reinvesting in your business, how to transition a business to employees, retirement savings benchmarks, financial planning for entrepreneurs, choosing a financial planner, business transition strategies, how to retire without selling your business, business exit strategies, small business succession options, employee ownership models, planning for retirement as a farmer, financial planning for farmers, debt and dating statistics, and money habits in relationships. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
0:04.8	Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand.
0:12.4	Marketing tools that get your products out there. Integrated shipping solutions that actually save you time.
0:17.4	From startups to scaleups, online, in person and on the go shopify is made for entrepreneurs
0:23.3	like you sign up for your one dollar a month trial at shopify dot com slash setup hey elizabeth what's
0:31.9	the last red flag that you saw on a guy that made you say no sir this is not it i got it. I got to go. Oh, you must want me to be talking
0:39.3	all day, Sean. But I'm proud to say that I'm now well-versed in red flags and they're no longer
0:45.3	a carnival for me. So with that said, the last red flag for me was a guy I was dating calling my son
0:51.3	a third wheel. Wow. And for good measure, I'm going to throw in another one.
0:55.9	So I also met a guy who wanted to have more kids. He had six already, but he did not have a plan
1:00.9	for more income. Wow. Well, I got to say, those make me glad that I'm not in the dating pool.
1:05.7	Well, for some people, the amount of debt that you carry, might just turn them away from dating you.
1:19.7	Welcome to NerdWallet's Smart Money podcast. I'm Sean Piles. And I'm Elizabeth Ayola.
1:22.4	This episode, we talk with a listener to help them figure out what their retirement might look like,
1:26.7	including whether they should leave the farm that they built their life around. But first of all, we're
1:31.9	talking about a new nerd wallet survey that tells us how much debt might make you seem like a
1:37.4	walking red flag to a potential romantic partner. And we are joined by Sarah Rathner for this
1:43.1	conversation.
1:44.7	Hey, Sarah.
1:46.1	Hey, everyone.
1:48.7	Let's tell listeners how to avoid being a hot mess.
1:52.2	Well, financially anyway, I can't help you if you're a hot mess in other areas of your life.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NerdWallet Personal Finance, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NerdWallet Personal Finance and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.