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Sim

๐Ÿ‘ค Speaker
781 total appearances

Appearances Over Time

Podcast Appearances

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

And you can be so vulnerable physically with a person, but you don't want to talk to them about your money.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

That just...

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

Like make it make sense.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

Now, let me get straight into the facts to share with you some things that have blown my mind.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

As I've said, 42% of people have financial secrets from their partner, but 30% admit to spending more than their partner would approve of.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

23% of people hold secret debt from their partner.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

19% have secret savings accounts, which I'm like, you know what?

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

That one, that one I will turn a blind eye to.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

I don't mind that one.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

And 18% possess a secret credit card.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

That is a lot of secrecy in something that's meant to be a relationship where you want to work together and you want to be on the same page.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

But if you're listening to this and going, well, Sim, what do people get wrong in relationships?

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

And what's some of the reasons why divorce...

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

tends to happen when financial incompatibility really starts to balloon out.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

There's two things that I have noticed.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

The first is that there are different money habits and when people's money habits are so different and there's no room for them to grow together, things can become a little bit tricky.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

You probably have someone in your friend group and maybe you are that couple where like Sally is really frugal and

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

she saves a lot she tracks all of her money and she has a goal to buy a house and Jason is like you know what screw it like he's obsessed with I don't know fortnight that was just the first thing that came to mind but you know he's spending his money on things that are in alignment with his goals and like makes him happy but they're not in alignment with a couple goals and then Sally starts to wonder like should I just start saving up to buy a house on my own should I just separate my finances like how is this going to work and if they don't have those high

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

harder conversations, not to say they're doomed, but if they don't have those conversations, it makes it really harder to get on the same page.

Friends That Invest
How to Handle Finances as a Couple (The Right Way)

Those are things that are usually easier to fix.