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Afford Anything | Make Smart Money Choices

How to Avoid Killing Your Spouse (and Should You Get Married in the First Place?) - with Farnoosh Torabi

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 19 February 2018

⏱️ 54 minutes

🧾️ Download transcript

Summary

#117: My friend and financial expert Farnoosh Torabi joins me to answer a relationship & money question from a listener named Janice.⠀⠀ ⠀⠀ Janice is engaged, and she calls to ask: Should she get married?⠀⠀ ⠀⠀ She earns double what her fiancé makes. She has no debt except her mortgage. Her retirement accounts are well-funded. He makes half of her salary. He’s carrying $20,000 in credit card and student loan debt. He has two children from a previous marriage and pays 25 percent of his income to child support. He has zero retirement savings other than his state-funded teachers pension. They’ve been together for 8 years and engaged for three. But she’s unsure about whether or not she should walk down the aisle. Should they get married? Is this a smart financial decision?⠀⠀ ⠀⠀ Farnoosh and I both tackle this question together — and we disagree on some points, which makes this conversation better!! Farnoosh is the bestselling author of When She Makes More, a book that takes an in-depth look at households in which the woman earns more than the man. She hosted a primetime show on CNBC, makes regular appearances on The Today Show and Good Morning America, and writes a monthly financial column for O, The Oprah Magazine. She’s a former reporter for Money Magazine. She's the perfect guest for a conversation about relationships, marriage, money, debt, family.⠀ Enjoy!⠀ For more information, visit the show notes at http://affordanything.com/episode117 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.2

Every decision that you make is a trade-off against something else.

0:13.6

And that's true, not just of your money, but also your time, your focus, your energy,

0:19.0

anything in your life, the scarce or limited resource.

0:22.2

And so, the questions become too old.

0:25.0

What's most important to you?

0:26.3

And how do you align your day-to-day behaviors to reflect that?

0:30.7

Answering these two questions is a lifetime practice and that is what this podcast is here

0:34.5

to explore.

0:35.5

My name is Paula Pant, I am the host of the Afford Anything Podcast, and today joining

0:40.4

me is Farneush Terrabi, host of the So Money Podcast, and bestselling author, her latest

0:47.2

book is called When She Makes More, which is a book that examines households in which

0:52.5

the woman earns more than the man.

0:55.1

And so, I thought she would be a perfect guest to answer a question that came in from a

1:00.1

listener.

1:01.1

So in today's episode, Farneush and I tackle this question together.

1:04.3

Now, a little bit more about Farneush before we get into the show.

1:07.4

She is a regular on the Today Show, on NBC.

1:11.1

She's made appearances on Good Morning America, and she's written about money for several

1:16.0

top magazines such as Clammer, Marie Claire, and Oh, the Oprah Magazine.

1:22.0

So she is a claimed financial expert and also a friend of mine.

1:26.9

So I'm very excited to have her on the show.

...

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