Skip to main content

The Financial Realities of Love: Prenups and the Kids Debate from the Perspective of a Struggling Millennial.


In this episode, Chelsea sits down with longtime friend of TFD, Erin Lowry AKA Broke Millennial. Click here to reserve your spot at their FREE digital event about money & relationships, happening this Thursday, 2/25! Subscribe to The Financial Confessions podcast here: For our favorite moments from The Financial Confessions podcast, subscribe to our highlights channel here: Broke Millennial on Twitter: Broke Millennial website: Broke Millennial on Instagram: Buy 'Broke Millennial Talks Money': The Financial Diet site: Facebook: Twitter: Instagram: ...(read more)



LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Broke Millennial On Prenups, The Having Kids Debate, & The Finances Of Love As traditional gender roles continue to evolve and modern relationships become more complex, discussing financial matters with a significant other is more important than ever. However, the topic of money often elicits feelings of discomfort and unease, leading many couples to avoid the conversation altogether. In her book "Broke Millennial", Erin Lowry emphasizes the importance of being transparent about finances in a committed relationship. She covers several topics that are often deemed taboo or uncomfortable, including prenuptial agreements, the decision to have children, and the financial dynamics of a long-term relationship. Firstly, Lowry addresses the topic of prenups, which often carry a negative connotation. She argues that a prenuptial agreement can actually serve as a proactive way to openly discuss financial priorities and responsibilities with a partner, creating a sense of security and understanding for both parties. By discussing and agreeing upon financial boundaries before getting married, couples can reduce the chance of conflict in the future. Lowry also delves into the debate of whether or not to have children, a decision that can have significant financial implications. She stresses the importance of having an open and honest conversation with a partner about individual desires and what is realistic within their financial means. While children are a wonderful addition to many people's lives, they also come with various expenses, including childcare, education, and healthcare costs. Couples should make a well-informed decision about having children, taking into consideration their financial situation and the effects it could have on their future. Finally, Lowry discusses the intricate financial dynamics of a long-term relationship. She emphasizes the importance of establishing financial independence and working towards shared financial goals, such as saving for a down payment on a house or planning for retirement. It's crucial for couples to have a clear understanding of each other's financial habits, including budgeting, saving, and investing, in order to work collaboratively towards a secure financial future. In conclusion, "Broke Millennial" offers valuable insights into the financial aspects of modern relationships, encouraging transparency and communication between partners. By addressing important topics such as prenups, the decision to have children, and the financial dynamics of a long-term relationship, Lowry provides practical advice for navigating the complexities of love and money. By being proactive and transparent about finances, couples can build a solid foundation for a successful and financially secure relationship. https://inflationprotection.org/the-financial-realities-of-love-prenups-and-the-kids-debate-from-the-perspective-of-a-struggling-millennial/?feed_id=83231&_unique_id=64271197072eb #Inflation #Retirement #GoldIRA #Wealth #Investing #chelseafagan #Finance #laurenverhage #lifestyle #money #personalfinance #thefinancialdiet #SpousalIRA #chelseafagan #Finance #laurenverhage #lifestyle #money #personalfinance #thefinancialdiet

Comments

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'