your personalized path to
More cash, a bigger nest egg and less money stress
Click above to
read the article published in Woman's World Magazine, describing my
financial personality theory (reproduced with permission).
Here are six reasons
couples fight about money ... (Read more about how to
Money Battles from the June issue of Personal
"Earning capacity is not a measure of
masculinity. On this scale, Jennifer Aniston is much more masculine than the
9/11 rescue workers. There are many other ways your mate demonstrates both his
masculinity and humanity." -- Jonathan Rich, Ph.D., Quoted in the New
York Daily News, "Money
Honeys" by Rebecca Louie, 11/04/2004.
children who see their parents get into trouble because of debt will swear to
never repeat those mistakes in their own lives. It’s not unlike people who
grew up in alcoholic households and decide not to drink at all because of it.”
-- Jonathan Rich, Ph.D., Quoted in The Calibre Papers, "Using
The Tale of Two Bankers
THE COUPLE'S GUIDE TO LOVE AND MONEY I talk about the Gambler/Banker dimension
of your money personality. Gamblers are the risk-takers, the ones who invest,
speculate, and start their own businesses. Bankers are more conservative with
their money. When two bankers get together in a relationship, big financial
problems are unlikely. But then it is also unlikely that there will be much
excitement or any dramatic financial successes. Well-calculated risk is often
necessary to move ahead financially and in life. Year after year of conservative
moves, playing it "close to the vest," and you start to find that
others have, slowly but surely, passed you by.
in THE COUPLE'S GUIDE talks about "Shared Dreams." Think about
something you've always wanted to do, and then think about how you can work
together with your partner to make that happen. Writing a book was the dream
that I shared with my wife, Jodi. What's your dream? Start today by writing it
down and mentioning it to your partner. Big, surprising, and exciting things can
happen when you work together with someone you love.
self-help and how-to books. In fact, I learned most of what I needed to write a
book and get it published by reading books. But there are limits. The last
chapter of THE COUPLE’S GUIDE TO LOVE & MONEY is entitled “When
Self-Help is Not Enough.” If you or your partner is addicted to alcohol,
drugs, or gambling, then you need more than a book can offer. Other problems
that can short-circuit self-help include personality disorders, mental illness,
and a lack of commitment to the relationship. The last chapter of THE COUPLE’S
GUIDE is filled the phone numbers and websites of places to find extra help.Writing,
Working, and Living
three frogs sitting on a lily pad and one decided to jump. How many were left?
THREE! There’s a big difference between deciding and doing. If you’ve
decided to improve your marriage, improve yourself, or improve your finances,
the time to do it is now. If you’ve purchased THE COUPLE’S GUIDE, I’m
delighted. But you won’t fully reap the book’s benefits until you pick up
your pencil, crack open the book, and dive in!
One of the
questions which gets asked most often when I do radio shows is, "Should
couples have separate bank accounts?" There's no one "right"
answer. My thought is that each member of the couple should have a certain
amount of pre-agreed upon discretionary money that they spend without consulting
the other. One way to do this is by keep some money in separate accounts. But
separate accounts should be used as a way to organize money, not as a way to
keep secrets.Eight Types
In THE COUPLE'S GUIDE TO LOVE & MONEY I
describe three personality dimensions: you're a Homesteader or a Pioneer, a
Gambler or a Banker, and a Spartan or a Monarch. This scheme allows for
eight (2 X 2 X 2) distinct money personalities. One is the Home & Hearth
personality: SPARTAN - BANKER - HOMESTEADER. This person looks to someone
else for financial support, but is nevertheless careful about money. She or
he prefers a modest lifestyle and takes few financial risks. Click on
Self-Test link to discover your financial personality. You can also help to create the next edition of the
Money Personality Scale by participating in the study on that page.