Does Your Spouse Need Money Rehab? Here's What To Do
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Imagine if you had a co-host in your life, you know, someone who could help manage your every day and do the things that you don't have time for. Well, unfortunately, that's not something we can opt into in life, but it is something you can opt into as an Airbnb host. If you find yourself away for a while, like I do, maybe for work, a long trip, or a big life adventure, a local co-host can help you manage everything. From guest communications to check-in to making sure your place stays in tip-top shape, they have got you covered. These are trusted locals who know your area inside and out, giving your guests a warm welcome while you focus on your own starring role, whatever that might be. You know that I love how hosting on Airbnb helps you monetize your home, an asset that you already have. That is a holy grail. And as a longtime fan of Airbnb, I have been telling everyone I know that they should be hosting too.
But some of my busiest friends have been overwhelmed by this whole idea of hosting. But thanks to the new co-host offering, they have finally signed up. So if you've got a secondary property or an extended trip coming up and you need a little help hosting while you're away, you can hire a co-host to do the work for you. Find a co-host at airbnb.com slash host. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. So I have this idea for a reality show where I show up at weddings and when the officiant asks if anyone has any objections, I would stand up and ask people if they had the money talk. And if they hadn't, I would object loudly. Would you watch that show? Of course you would.
Would I have any issues finding couples to wedding crash? No, I would not because lots of couples have problemos talking to their significant other about money. And the challenges can be sneaky sometimes. A difficult scenario doesn't look like a big financial secret. Sometimes a difficult scenario can look like two people being perfectly compatible, but just making different assumptions about what money and work will look like as they live happily ever after. I got this DM recently from a listener, let's just call him Cole, who had this question and I'm going to read it because he wanted to stay anonymous. He said, how do you approach your partner not being on the same page about financial growth? When we got married, neither me nor my wife had too much money and we both had some debt. We've been married for over seven years.
In that time, I found better jobs twice, more than doubling my income, paid off all my debt, opened a TFSA that's the Canadian version of a Roth IRA, listened from the beginning of money rehab, yay, and recently opened a first home savings account. In the meantime, my wife has had the same job as before, and while I've spoken to her about budgets like your 70-15-15, etc., she seems to have very little interest in budgeting or a career upgrade. Her job is extremely convenient with the kids when she gets the summer off, but where we live in southern Ontario, it's a lot harder to get ahead with one good income, at least not without a solid budget. Thank you very much. Well, first of all, thank you very much, Cole. Thank you so much for this question and for sharing it with me.
I know navigating this situation is probably not easy, but I hope you've taken a moment to give yourself a pat on the back for all of the successful money rehab that you've been doing over the years. Your future self will definitely thank you, but your present self should thank you too. It sounds like you've already tried to talk to your wife about things like budgeting, but have these chats been in passing or have they been sit down chats where you plot your awesome life together? If it's the former, you need to start doing a little bit of the latter. But just because the conversation needs to be more intentional doesn't mean it needs to be less fun. Something that might work for you is to frame the conversation around what you've been dreaming of for the next 5, 10, 50 years. I'd start with the conversation about what you both want retirement to look like and then reverse engineer from there.
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