Smart Couples Finish Rich
©Money Magic, Inc. 6/23/01
Saturday Daybreak KATV, Chn. 7
Mary Ann Campbell, CFP

9 Steps to creating a rich future for you and your partner…

Most couples rarely talk about their finances…unless they are fighting about them. That’s why money is the number one reason for divorce in this country. This is a concise guide for any twosome-married or unmarried, young or old, gay or straight-looking to overcome their money issues and start out together on the path towards achieving their life dreams.

The key to achieving a bright financial future, according to Back is focusing on values and communicating with one another.

Step One: Learn the facts and myths about couples and money.
Step Two: Determine the true purpose of money in your life.
Step Three: Plan together…win together. Teamwork is the key.
Step Four: The couples’ latte’ factor: The small stuff can end up costing you millions.
Step Five: Build your retirement basket
Step Six: Build your security basket
Step Seven: Build your dream basket
Step Eight: Learn to avoid the ten biggest financial mistakes couples make. Don’t take a thirty-year mortgage, avoid day-trading, save for retirement before saving for your children’s college tuition, and sign a prenuptial agreement. Don’t let your bank rip you off on your checking account.
Step Nine: Increase your income by 10% in 9 weeks: Are you and your partner being paid what you’re really worth? If you deserve to be paid more, be proactive and ask for a raise. Then you immediately have a 10% increase in salary that you can put away for the future.

Bach shows you how to make your money represent your shared values and move you towards your goals and the future you both want.

How to Design Your Own Purpose-Focused Financial Plan

Rule #1 Make sure your goals are based on your values

Rule #2 Make your goals specific, detailed, and with a finish line

Rule #3 Put your top five goals in writing

Rule #4 Start taking action toward your goals within 48 hours

Rule #5 Enlist help

Rule #6 Get a rough idea of how much money it will cost to achieve your goals

Rule #7 Make sure your goals match your values…as a couple

Smart Couples Finish Rich
By David Bach
Broadway Books $25.00
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