|Interview: Sharon Epperson
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Finding common ground
I would expect it's rare to find a couple who shares identical financial beliefs and behaviors from the get-go. How would you suggest someone deal with a partner who isn't onboard, drowsiness symptoms aside?
your partner isn't onboard -- and it is rare to have
the same financial personality -- you need to discover
what your common goals may be and how to reach them.
If your spouse is a spender and you're a saver, maybe
you both want to retire at the same time. Then comes
the reality check: In order to retire at 55, what
do we need to do to get there? Maybe not get the new
Lexus this year and instead save that money where
it's compounding so you have money for later.
Why a couples focus?
Why did you decide to write a book with a couples focus?
been married for 10 years, have two small children,
and the two of us work full time. I think we're fairly
intelligent people. But we're also busy people and
we needed help getting our finances in order. I wanted
to provide a resource for couples that would walk
them through keystones in their financial lives and
didn't see any other option out there doing it in
the way I wanted.
I feel there are a lot of financial planning books
that give you a pep talk but don't set out a plan.
There are some key things that need to be in place
and you can do them in a different order at different
times. I wrote the book for some of my friends, people
who I know need help. I write with them in mind.
Where to turn for help
discuss that you had done some legwork before approaching
a financial adviser. Is this the route you suggest
Absolutely. You get a second opinion before you go
to the doctor and get a procedure done. You want to
make sure this is an advisor you trust -- someone
who is reputable and well equipped to handle your
financial situation. You may recieve a referral from
friends, but be aware that they might not have the
same needs as you -- still, that's a good place to