Summary of Smart Couples Finish Rich

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Maxed-out credit cards. Depleted savings. Underfunded retirement accounts. Millions of couples struggle with common financial issues, but instead of looking for solutions, they perpetuate harmful behaviors by bickering, blaming and, in many cases, divorcing. David Bach, author of the best-selling Smart Women Finish Rich, says you’ll never solve your money problems if you view your partner as the enemy. It’s not all your fault, though. Typically, people do not discuss money openly, so individuals may know very little about their spouse’s financial priorities, philosophy and history. Establishing and maintaining an open line of communication is pivotal to sensible financial planning as a couple. You don’t have to agree on everything. You don’t even have to change. You just have to work together. Bach shows couples how to get on the same page. Using clear (in fact, somewhat simplified) formulas and charts, he tells them how to handle saving, spending, investing and retiring. getAbstract thinks that Bach’s conservative approach makes sense. So does his emphasis on making your relationship – not money – your number one priority. Whether or not you finish rich, at least you’ll be happy.

About the Author

David Bach is the CEO of his own company and has appeared on national radio and TV, including a stint as host of his own PBS special.

 

Summary

Let’s Talk About Money

Married people must discuss the issues that shape their lives, including financial issues. The problem is that many couples do not know how to talk about money. Often, a couple’s communication about finances consists of angry words, harsh comments and blame. Money can be a very sensitive topic, particularly when the lack of it increases marital tensions and shortens tempers. But couples simply cannot plan a sound, mutual financial future without sharing their fiscal philosophies, goals and priorities. A couple in sync is capable of devising a plan that will provide long-term security and the ability to enjoy life’s pleasures. Everyone has the ability to design a winning strategy, whether you are just returning from your honeymoon or celebrating your 25th wedding anniversary.

First: Get to the Truth About Money and Marriage

Love does not prevent couples from fighting about finances. Disagreements typically stem from philosophical differences about money. The road to intelligent fiscal management begins with communication – which isn’t easy considering that most people treat money as taboo. Fighting about funds is perfectly normal and, ...


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