NerdWallet's Smart Money Podcast
Debt in the Dating World and Retirement Planning for Entrepreneurs and Business Owners
10 Feb 2025
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
Full Episode
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If you want a smartwatch that delivers more for less, then visit amazfit.com slash smartmoney to get 10% off. That's Amazfit, A-M-A-Z, fit, dot com slash smartmoney. Hey, Elizabeth, what's the last red flag that you saw on a guy that made you say, No, sir, this is not it. I gotta go.
Oh, you must want me to be talking all day, Sean. But I'm proud to say that I'm now well versed in red flags, and they're no longer a carnival for me. So with that said, the last red flag for me was a guy I was dating calling my son a third wheel.
Wow.
And for good measure, I'm going to throw in another one. So I also met a guy who wanted to have more kids. He had six already, but he did not have a plan for more income.
Wow. Well, I got to say, those make me glad that I'm not in the dating pool. Well, for some people, the amount of debt that you carry might just turn them away from dating you. Welcome to NerdWallet's Smart Money Podcast. I'm Sean Piles.
And I'm Elizabeth Ayola.
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