It is absolutely crucial to be on the same page as your spouse. This is true for many aspects of life, but in this episode, Cayla hones in on the topic of financial freedom. Your relationship with your spouse could be hurting your financial freedom for a few different reasons. What are these reasons and how can they be mended to get on the same page moving forward?
Cayla gives actionable tips in this episode to have a possibly difficult conversation with yourself and your spouse. There may be some things that you need to change and that your spouse may have to change to better your finances. Did you know that 50% of divorces are because of financial problems? Listen on to find out how you can avoid these problems and communicate about finances effectively with your spouse.
You will learn:
[1:54] - We’ve had conversations around spouse relationships before, but not about finances.
[3:11] - Two-thirds of spending is done by women but large purchases are driven by men.
[4:36] - Communication is number one.
[5:27] - Kids pick up on energy, especially tension.
[6:54] - How can you openly talk about your financial freedom?
[8:40] - When you can’t seem to get on the same page, bringing in a third-party perspective can be very helpful.
[9:30] - 50% of divorces end because of finances.
[11:22] - In order to go to the next level, who do you need to help you?
[12:52] - Cayla describes her and Chase’s desire to increase their net worth.
[14:30] - Downsizing for a little while might be the right decision for them to reach their goal. Cayla explains why having someone other than your spouse to hold you accountable.
[16:01] - There are some things that are non-negotiables.
[17:12] - Be careful who you surround yourself with.
[18:31] - Have a conversation with your spouse to get this ball rolling.