33% of Americans Are Uncomfortable Discussing Money In Their Relationships
Before we hop into the five phrases….
There are three things to discuss.
1. Choose Your Financial Partner Wisely
In this day and age, many women have cultivated financial independence and freedom for themselves, which is phenomenal!
But…
There are still many women (and men) who are financially dependent on their partners to provide for them.
Ultimately, if you decide to partner up, it is healthy to choose someone that aligns with your financial values and habits, or else you’re headed down a troublesome road.
Moreover, personal finance is one of the most essential conversations to have with your current or future partner.
“One in three Americans (32%) is uncomfortable discussing finances in their relationship, according to new research (Yahoo Finance).”
Don’t avoid this subject.
And the sooner you can talk about money, the better.
Many separations take place due to money.
2. How’s YOUR Money Looking? Don’t want to be a hypocrite, right?
Do you have your own financial sh*t together?
Because if you don’t, you should consider getting your financial situation together before partnering up or seeking someone to better your financial situation.
When you pair with someone else, you’re also pairing up financially.
If you can avoid it, don’t invite financial dependency into your relationship; it can be a dangerous road for many women who end up getting “stuck” or “left behind” or “left without anything”.
Sometimes it goes well, but why set yourself up for the gamble?
And if the person you’re partnering up with has unhealthy finances, you both should consider fixing your money before intermingling your finances.
Financial stress is not fun business for a relationship.
3. The Peril of Financially Dependent Women
There will always be a group of people who want their partner to provide everything for them without having any of their own financial means — even if they find this (as many do), it sets you up for potential failure in the case their life source finds a way to pull the plug, and they just might.
You find and keep your financial power in creating, owning, and managing your own money even when you’re partnered.
5 Cringe Statements Women Say About Money
- I need their income.
- They’re established.
- They can provide for me.
- They can provide the type of life I want.
- They’re not all that, but they have money.
I will never understand the philosophy of waiting for someone else to provide when you can provide for yourself and create your own options right now.
6 Traits of A Financially Independent Woman
A financially independent woman does not rely on her partner to provide for her financial needs.
Instead, she ensures she always has her own means and can provide for herself.
She never subjects herself to financially dependent relationships because she has her financial sh*t together.
She can also avoid unhealthy relationships that she might otherwise be involved in because of financial need.
The 6 Traits
- She lives below her means.
- She consistently invests her money.
- She buys herself what she wants when she wants.
- She invests in her financial education and learns about money on her own time and dime.
- She can live independently, without the help of another person, and can provide for herself.
- She is not impressed by the amount of money someone earns, which saves her from a lot of unnecessary and unhealthy relationships.
2 Ways To Improve Your Finances Over 1 Year
Quit the excuses and finally do better with your resources. If you don’t know how to manage your money, you’re living paycheck to paycheck, your debt is increasing, and you’re struggling to build wealth, I have a solution for you:
- Read one personal finance book each month. Over the course of the year, this will equate to twelve books you read on personal finance.
- Immediately integrate what you learn from these books. Knowledge without action is pointless.
By the time the year ends, your financial management skills should be elevated and transformed. You will have amassed significant knowledge, and you will inevitably experience more optimal financial results.
Financial discipline is one of the most challenging forms of discipline to master.
So, one book you should add on top of these twelve books is “Discipline Is Destiny” by Ryan Holiday because you will need discipline to implement what you learn.
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This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.