When financial advisors work with couples, it's more than just navigating their finances. It means navigating an emotional and complex relationship dynamic.
It's not just a matter of aligning the numbers. It's a matter of aligning two completely different belief systems.
Our current belief systems around money, which guide our financial decisions today, are formed based on our upbringing.
And, when you combine two different upbringings and two different sets of belief systems around money, naturally tension arises.
The key for couples to resolve these differences and start on the path to "financial intimacy" is developing an understanding of their own upbringing AND their partner's.
Ed Coambs combines a background in financial therapy and financial planning to offer advisors some critical insights on navigating couple dynamics.
Why most money arguments aren't actually about money Why our upbringing is the main source of money conflict in relationships Implicit Money Memories: The lessons that were "caught" not "taught" The most effective way to engage an uninterested spouse How to navigate the conversation between a dreamer spouse and a rational spouse And more!
*For more resources discussed in this episode, check out www.wiredplanning.com/episode38.
*For more resources and insights on mastering the human side of money (including our popular "Wisdom Round-Up" email), go to www.wiredplanning.com.