Preview Mode Links will not work in preview mode

This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

  1. All Episodes
  2. EP282 Love & Money: Financial Infidelity

EP282 Love & Money: Financial Infidelity

Feb 14, 2023

Have you ever lied to your partner about money? Or have you ever suspected your partner of not being truthful about their finances? Financial infidelity is a prevalent issue in relationships, and it's time to start talking about it. In this episode, I discuss what financial infidelity is, the reasons people lie about money in relationships, and how to identify if it's happening in your relationship.

I also cover the importance of transparency regarding finances with your spouse and what you can do if you suspect financial infidelity. Listen in to learn how to build a recovery plan with your spouse and move forward with positive changes in your financial relationship. Let’s break the silence on financial infidelity and empower ourselves to take control of our financial relationship.

“We need to be transparent with our partners.” - Tracey Bissett

This Week on Young Money:

• What financial infidelity is.

• What pushes people to lie to their partners about money.

• How to identify financial infidelity.

• What you can do if you suspect financial infidelity.

• The importance of transparency when it comes to finances with your spouse.

• How to address financial infidelity if you’re the one with the financial issues.

• The value of setting monthly budgets and having weekly money meetings.

Key takeaways:

1. Don’t keep financial secrets from your partner.

2. Discuss any financial issues you may be having with your partner.

3. Create monthly budgets.

4. Move forward with positive changes.

5. Build a recovery plan.

6. Have weekly money meetings.

Resources Mentioned:

 

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.