+2 votes
by (1.4k points)
One of the biggest problems I had early in my marriage was, I knew a whole bunch of stuff about money but I could never seem to keep any. In short, we had money coming in, but it kept slipping through our fingers. Let’s talk about how to ensure money stays with you, rather than vanishing each week, causing undue relational stress (and quite often fights). About two weeks ago my wife and I welcomed into the world our baby daughter. Incredible story. we didn’t make it to the hospital and I had to deliver her in our bedroom! A few days after this, I remember having our two boys with me, heading to the hospital. We were about to step onto the lift and I had this sudden thought… “What if this lift got stuck? ” Weird thought I know, but it struck me with fear as I was stepping onto this lift with my boys. I went through all of the different scenarios (none of which were good) and then tried to keep it together. We made it up and visited the new addition to our family, but what a weird thought to have. The problem with most couples is they’re living their financial life stuck! They’re living their life crippled by (something I call) “Limiting Financial Beliefs” Limiting Financial Beliefs are like a disease, eating away at you inside. They are the subconscious chains preventing you from progressing financially. They’re like a rubber-band. As you start to make any sort of progress financially, it snaps you quickly back to having to start all over again. For many couples it is not the absense of money coming in, it is their inability to hold onto it. Deal with your Limiting Financial Beliefs and I promise you, money will no longer slip through your fingers.  
One of the biggest problems I had early in my marriage was, I knew a whole bunch of stuff about mone

1 Answer

0 votes
by (4.4k points)
The aim is - when money comes in - you take 20% of it and put it away for savings/investing and repeat it for life. Live on 80%. This way, you never feel money is slipping away.  
by (4.4k points)
@sinotibetan74 Yes. Also the system must be set up so it happens automatically. I have set up automated payments via netbank. Get paid 8pm, by morning I have 20% less. I have little opportunity to spend the money.  
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