The Greatest Asset That Can Become Your Biggest Liability

This Monday I celebrated my 2 year wedding anniversary.

That went fast!

A partner can be your greatest strength and a wealth building hack
But they can also be your greatest liability and drain you of time and money

With the right person you have
- Shared goals
- 50% of the costs
- 2x tax allowances
It’s like wealth building on steroids

But with the wrong person you can have
- Financial control
- Arguments over money
- Emotional manipulation
- Unhappiness that pervades your whole life

So who you spend your time with, even if you’re in the early stages of dating, is very important

And it’s also important to understand if someone you’re seeing, who there could be a future with, has the same money values and approach as you.

What if they’re in debt and couldn’t buy a home with you?
What if they spend all their money whereas you’re a diligent saver?
What if they don’t want to go back to work when you have a child but you’re expecting them to?

Open conversations around money are even more important in relationships where you want some kind of relationship together.

So this week’s one simple step is to

Have a money conversation with your significant other to understand your financial goals and value

Here’s to relationships where finances prosper
Pernia | Your Finance Travel Buddy

P.S. this week I started a new series on LinkedIn where I speak to people from different career fields / profession on what it taught them about money. This week I am sharing what a banker taught me about money » you can read it hee.