1000 Days To FI
1000 Days To FI
1000 Days to FI
S1.E2 Whose Money, Honey?
10 minutes Posted Sep 24, 2020 at 10:00 am.
Back when personal finance was taught in school
"In those days" - Grandpa on household money management
Breaking out of "this money is my money"
Rapid debt repayment
Common goals align financial strategy
Treat your household like a business
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Show notes
As a dual income married couple, we managed our money independently for five years before transitioning to a shared household approach. There were benefits to both, but treating our household dollars the same way business partners do leveled-up our earning power. Some are better at earning, some are better at managing, some are good (or terrible) at both. Assigning responsibilities doesn't have to an old school practice in gender-normative behaviors, but in all cases treating "this money as my money" won't do you any favors when it comes to wealth generation.
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