Michael Lacy is a financial educator and award-nominated podcast host of the Winning to Wealth podcast. After Michael and his wife paid off $61,000 of debt in 16 months they founded Winning to Wealth in 2018. Their goal is to help thousands of couples save more money, pay off their debt, and start investing. In this episode, Michael gives practical advice on how to handle finances as a married couple. Michael shares how their first money fight took place on their honeymoon but was the catalyst that kick-started their debt-free journey.
According to a new survey by Ramsey Solutions, money fights are the second leading cause of divorce, after infidelity. The results show that both high levels of debt and a lack of communication are major causes of the stress surrounding household finances. Michael and I dive into how to navigate tense money conversations with your spouse and how to set a vision for your marriage and your money. There is something you can take away from this episode whether you’ve been married for 25 years or you’re single!
Take a listen and learn:
- How to get on the same page with your spouse about finances
- The importance of having frequent dream sessions with your spouse
- How the lack of long term goals can land you back in debt
- Having goals that go beyond just paying off debt
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Additional survey findings can be found at https://www.daveramsey.com/research/money-marriage-communication
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