Happy Valentine’s Day. Whether you’ve got a boo thang, or you’re rocking the single ladies life, I hope you’re doing something special for yourself today. It could be as simple as treating yourself to a juicy mid-day break to go on a walk around the neighborhood or purchasing fine jewelry with your own money.
If you are in committed relationship, this week's challenge to you is to proactively talk about money with your sweetheart.
Because, here's the thing ladies. Speaking up about money with your man is one of the first steps in becoming the true boss in your life.
If you truly want to own your destiny, you are going to need to learn how to articulate your values when it comes to money and how you are going to make your goals happen.
- When was the last time you brought up investments and chatted with your man about your financial goals?
- Do you know what his and your investment portfolio contains?
- Are you aware of his long-term financial strategy? What is your strategy?
We all have different values, expectations and goals when it comes to money. And just like sex, you're going to have to communicate your values to your partner in order to be satisfied. Do I have your attention now?
Often times our values around money are based on our individual interests. I'll use myself as an example. While on vacation, I love to splurge on luxury hotel accommodations. Few things give me more pleasure than to wake up in a beautifully designed, spacious bedroom with heated bathroom floors, a sprawling kitchen with an island and a fabulous view from the 57th floor.
On the other hand, my beloved would much rather save that money and spend it on activities. Why? He's got an insatiable love for adventure and needs to be moving...constantly!
So, what do we do? Sometimes we compromise on the hotel to fit his budget and my needs. Or, I can choose to pick up the additional cost if I don't want to budge on what I want.
Boss ladies always get what they want. Period.
Whether it's traveling, household items, saving for a big purchase, wedding planning, eating out, how to decorate the home...learning about how each other views and values money is key to having open, honest conversations about money with your sweetheart. And just like sex, if you better understand each other's needs then you will both feel satisfied.
So for this Valentine’s Day, own your BOSS status and chat money on your date with your boo.
Not sure how to begin the money conversation?
Here are three steps to talk about money like a BOSS with your man.
Share your money story. What did you both experience about money. Here are some prompts for you - Did you hear your parents talk about money and what were those conversations like? When did you first start working? Were you given an allowance? How did your parents spend money?
Share your dreams and personal goals. Does one of you want to own a cottage in Tahoe and the other want a condo in the Hamptons? Who wants a private jet? Who wants to do more hiking trips? Do you want to turn your side hustle into a full-time gig? Let the conversation roll naturally. You may be surprised what you learn about each other!
Ask about investments. Get caught up on each other's investment accounts and long-term financial visions. Set a time for the both of you to chat with your financial advisor and talk through the questions you will ask them during the meeting. If anything seems confusing, now is the time to ask more questions and gain clarity.
Now I’d love to hear from you! What are some ways that you and your sweetheart differ when it comes to money? Let me know in the comments below.
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