#9: Money and Marriage - Discussions you need to have with your partner.
The markets might go up and down, but if you’re patient and don’t sell your investments, you probably won’t lose money. On the other hand, a divorce is almost always forever. When couples break up, the financial consequences can be far worse than the nastiest bear market.
That’s why my guest today, Andrew Sofin has such an important job. Andrew is a Licensed Psychotherapist and Couples & Family Therapist. He attended Queen's University for undergraduate studies and then completed graduate studies at Antioch University (USA) specializing in couple and family therapy.
Andrew is the founder of Couples Retreat at Ocean Coral and is in private practice in Montreal, Canada.
Whether you’re married, in a couple or just recovering from a relationship, I encourage you to listen to our 34 minute chat.
We discuss:
- How Andrew sees money problems manifesting in the relationship. [03:15]
- If it’s a man versus woman situation where often it’s the man who controls the money. [04:45]
- How people learn about money from their families and how they carry those values through their lives. [07:15]
- Where issues may start to appear with couples who may move in different directions. [09:36]
- When couples should engage in conversations about their finances. [14:27]
- Recommendation to couples who are in the early stages of their relationship. [16:53]
- What makes a healthy couple in terms of finances.[19:48]
- The mature couple and “Grey Divorce” and how it relates to financial issues. [21:59]
- How conversations and financial plans need to be updated over time as things change. [24:48]
- What keeps a solid relationship. [26:20]
- How Andrew sees the younger generation address relationships, power and control. [29:10]
Thank you for listening
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