#226: "LOVE, MARRIAGE, MONEY" Money Must Always Remain A Tool Not A Master!
Podcast |
Too Posh Podcast
Publisher |
Too Posh
Media Type |
audio
Publication Date |
Mar 03, 2021
Episode Duration |
00:44:56
Since finances are one of the Number 1 reason for divorce we made a part 2 of the Pre Marriage Check List Episode. Truth is we forgot we had already done it with our Co Host Bernie until we were already in the middle of recording this one with Gabrielle's husband Patrick. JoyWe decided to release the show anyhow because we can never learn enough about handling finances in a marriage. It is definitely worth a listen. 1. How do you feel about debt?We all agree to not take on anyone else's debt and that it causes issues. 2. Would you share all money with your spouse or split money to different accounts?Patrick shares how he and Gabrielle handle this question. 3. What are your views on saving money?Patrick is a huge believer in saving money to have reserves to be prepared and to always have something to fall back on. He talks about when he and Gabrielle almost lost everything when they owned Prestige Dance and Performing Arts Centre. Patrick believes you need money to make money. 4. What are your views on spending money?We all agree that traveling is the best money spent. Gabrielle is annoyed that Patrick never buys anything for himself, because he says he doesn't need anything. 5. If we both want something, but we can't afford it, what would we do? Patrick gives the absolute perfect answer Wink6. How well do you budget?Patrick is not a big budgeting person. He believes it is more important to always be aware of your hard costs and stay on top of your bills immediately. Gabrielle talks about how important it is to be on "THE SAME TEAM" when it comes to finances in a marriage and she does not believe in credit cards. 7. Do you feel it is important to save for retirement? None of us believe in retirement.8.Would you be willing to get a second job if we had financial problems? We talk about that pride comes before the fall and that you have to follow your pride, do whatever you have to. Remember that it is not permanent, but a temporary situation until you get back on your feet. 9. What if a family member wants to borrow a large amount of money?Patrick talks about how on the day you lend the money you are the greatest guy in the world and the day you want the money back you are the enemy and the biggest a**hole. He says it is really easy for them looking at you as your crutch and using you as your bank account. He talks about this is also important to put your foot down when raising children to not make them into spoiled brats. 10.Who will take care of the financial matters of the household?Patrick believes that a good foundation for any marriage is about talking openly about everything, most important finances. Keep respect for each other always. PARTY WITH MISS POLLY:What is Mermaiding and is it sexual?QUESTION OF THE DAY:When you ask yourself over and over is this guy worth it? Is he worth it?

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