Why Divorce Destroys Finances (And How To Survive It) EP 59

Divorce can wreck your finances if you don’t know what you’re doing. In this episode, Josh sits down with Jamie, a Certified Divorce Financial Analyst, to uncover the brutal truth about how divorce impacts your money. From tax implications to splitting assets, we’re covering everything you need to know to avoid financial disaster.🔥 What You’ll Learn In This Episode:✔️ Why dividing assets 50/50 is NEVER that simple.✔️ The biggest financial mistakes people make during divorce.✔️ Why attorneys often get the numbers wrong.✔️ How to properly value assets and avoid financial traps.✔️ Why most divorced men go broke—and how to stop it.🚨 If you’re going through a divorce or recovering from one, this episode will save you from financial ruin.👉 Drop a comment if you’ve been through a divorce. Let’s talk about it.🔥 LIKE & SUBSCRIBE for more real talk about growth, healing, and rebuilding your life!▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Connect with Jamie on instagram👇: https://www.instagram.com/jamiemlimaConnect with Jamie here👇: allegiantds.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬🔗 Join the conversation and uncover real growth and healing.👇 SUBSCRIBE HERE:https://www.youtube.com/@JoshTheDerelict𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬👍 Like the video (it helps a ton!)💬 Comment below to share your opinion!🔗 Share the video with anyone you think might help :)▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬📧 For Business Inquiries: [e-mail]▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Follow us on social media:YouTube: https://www.youtube.com/@JoshTheDerelictTikTok: https://www.tiktok.com/@JoshTheDerelictInstagram: https://www.instagram.com/JoshTheDerelictLinkedin: /**Josh Tomeoni, CFP®, ChFC®, CLU®, RICP®**https://www.linkedin.com/in/joshuatomeoni/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬And also our website:https://www.thederelict.biz/podcast▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬5 Key Takeaways:1️⃣ Dividing Assets 50/50 Is Not Always FairMost people think a 50/50 split is the simplest solution during a divorce. But Jamie explains why this is a huge mistake, especially when assets like 401(k)s and real estate are involved. Taxes and valuations play a major role, and failing to account for them can leave you financially ruined.2️⃣ Financial Knowledge Is Critical During DivorceAttorneys may be great at legal matters, but they often lack expertise in financial planning. Jamie highlights the importance of hiring financial experts like Certified Divorce Financial Analysts (CDFAs) to properly value assets and structure settlements to avoid devastating financial consequences.3️⃣ Building 'Team You' Is EssentialGoing through a divorce is exhausting, mentally, emotionally, and financially. Creating ‘Team You’—a trusted network of professionals and emotional support systems—is the key to surviving the process. This includes financial planners, attorneys, coaches, friends, and therapists.4️⃣ Divorce Is A Traumatic EventJamie emphasizes that divorce is more than just a legal process; it’s a traumatic life event that requires time, support, and healing. Trying to handle everything alone is a major mistake. Instead, seeking help and support can make all the difference.5️⃣ Honesty And Transparency MatterAttempting to hide assets or manipulate finances during divorce rarely works and usually backfires. Jamie explains why being transparent and working with experts to handle the financial complexities is the best approach. Trying to be sneaky only leads to worse outcomes.Chapter:📌 00:00 - Intro & Financial Disasters From Divorce📌 04:12 - Divorce And Childhood Trauma📌 10:05 - Financial Struggles During Divorce📌 15:40 - Why Most Divorced Men Go Broke📌 22:18 - Why 50/50 Asset Splits Are Misleading📌 28:00 - Understanding Taxes And Valuations📌 33:45 - How To Create ‘Team You’ During Divorce📌 40:12 - Lessons From Financially Surviving Divorce📌 46:55 - Final Thoughts & Advice For Divorced Men