Money Matters in Relationships: Insights from Dr. Byron Cole on Financial Compatibility

Sarah sits down with Dr. Byron Cole as he shares his journey as a self-made entrepreneur and the dynamics of working alongside his wife, Bianca, a personal branding expert. The conversation delves into their unique approach to traditional gender roles, financial decision-making, and the importance of communication in relationships, especially regarding money. Dr. Cole discusses the challenges and joys of fatherhood, reflecting on the intentionality behind their decision to have a child and the financial planning involved. The episode also touches on the significance of legacy, the value of lived experiences, and the complexities of balancing business ambitions with personal relationships. Join them for an engaging discussion that explores the intersection of love, money, and entrepreneurship.

KEY TAKEAWAYS

1. Dynamic Partnership: The relationship between Byron and his wife is characterized by mutual support and collaboration, with both partners actively contributing to their business and personal lives. They have established a system where they share responsibilities and financial arrangements, fostering a strong partnership.

2. Financial Conversations: Early discussions about money and financial values are crucial in relationships. Understanding each other's financial habits, such as spending versus saving, can help prevent conflicts and create a solid foundation for future planning.

3. Balancing Traditional Roles: Byron and his wife have navigated traditional gender roles by openly discussing household responsibilities and opting for external help, which has positively impacted their relationship dynamics. They prioritize shared values over conventional expectations.

4. Parenting and Financial Planning: The couple emphasizes the importance of financial planning when considering parenthood. They believe that having a financial strategy is essential for raising a child, ensuring that they can provide a supportive environment without relying on external assistance.

5. Legacy and Values: Byron reflects on the importance of instilling values in their child rather than simply providing financial wealth. He aims to create a balance between giving a head start and encouraging hard work and gratitude, recognizing that character development is vital for long-term success.

BEST MOMENTS

1. "I come from a very poor background and environment and whilst I haven't made it yet, I've done some cool things and achieved some cool milestones in life." - Dr. Byron Cole

2. "I think it's fair. You're gonna pay your agent, why wouldn't you pay me?" - Dr. Byron Cole

3. "If you do not have the financial means to support your family and your child, you have no business, in my opinion, having children." - Dr. Byron Cole

4. "You need to understand how good they are with money." - Interviewer

5. "I think there is such a beauty in the entrepreneurs that haven't had investment." - Interviewer

SOCIAL LINKS

https://www.tiktok.com/@provocateurspodcast

https://www.youtube.com/channel/UCPmCQvMWLaLTayKshPyGOEg

BYRON COLE'S LINKS

Website: https://byroncole.uk/

Instagram: https://www.instagram.com/mrbselfmade/?hl=en 

ABOUT THE HOST

Sarah Moxom is the ultimate powerhouse—an accomplished serial entrepreneur, seasoned investor, and master of navigating the human connection. At just nineteen, she founded her first company, a thriving temporary staffing agency, which she has successfully led for over two decades.