March 12, 2025 • 17 mins
Is money really the #1 reason relationships fall apart? 💰💔 In this eye-opening episode of The Felix Black Show, we break down why finances cause so many breakups and divorces. From money mismanagement to financial inequality, we uncover the real reasons couples struggle with finances—and how to avoid relationship-ending money problems.
🔥 Key Topics Covered:
Why financial stress leads to breakups & divorce.
Should couples combine finances or keep them separate?
How different money habits create relationship tension.
The truth about 50/50 splits, financial leadership, and money power dynamics.
🚀 If you want to build a successful relationship and secure your financial future, this episode is a must-listen 💬 Join the discussion! Have finances ever caused issues in your relationship? Drop a comment below!
📢 LIKE, COMMENT & SUBSCRIBE for more real talk on relationships, success, and personal growth from Felix Black!
#Relationships #MoneyMatters #FinancialSuccess #FelixBlack #HighValueMen #LoveAndMoney #Podcast #SelfImprovement #MarriageTips
🔥 Key Topics Covered:
Why financial stress leads to breakups & divorce.
Should couples combine finances or keep them separate?
How different money habits create relationship tension.
The truth about 50/50 splits, financial leadership, and money power dynamics.
🚀 If you want to build a successful relationship and secure your financial future, this episode is a must-listen 💬 Join the discussion! Have finances ever caused issues in your relationship? Drop a comment below!
📢 LIKE, COMMENT & SUBSCRIBE for more real talk on relationships, success, and personal growth from Felix Black!
#Relationships #MoneyMatters #FinancialSuccess #FelixBlack #HighValueMen #LoveAndMoney #Podcast #SelfImprovement #MarriageTips
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome back to the Felix Black Show Podcast. Today, I
am talking to you about finances in your relationship and
why it is the number one reason relationships do not last.
Speaker 2 (00:12):
Let's start the video.
Speaker 1 (00:20):
Hey, welcome back everyone to the Felix Black Podcast, your
top podcast for all things relationship, travel and fashion. Today,
I am talking about finances in your relationship. Finances are
the number one reason why relationships do not last. I
know people think it's because of infidelity, because of cheating communication,
(00:44):
it's because of finances. Finances are so important to your
way of living, of how you're going to provide for
your family. And the reason why finances are the number
one reason why relationships do not last is because men
are based and are judged solely based on our finances. Women,
(01:05):
you want a provider, you want a leader. You want
stability when we come when we talk about providing, When
we talk about stability, that comes with finances. So in
a household, whether you decide to do one hundred percent
the man pays for the bills, whether we're doing fifty
to fifty percent ninety ten, it does not matter. Finances
(01:28):
should be established. Once you realize that you want to
take this relationship to the next level. We'll talk about
living together in another podcast episode. For now, we're talking
about finances. Each person needs to have that hard conversation
with each other.
Speaker 2 (01:48):
Everyone.
Speaker 1 (01:49):
Everyone comes to relationships with baggage, whether that is past relationships,
whether that is children, whether that is debt, whether that
is not being healed from past traumatic events. It's okay
to come to a relationship with baggage.
Speaker 2 (02:07):
We all have it.
Speaker 1 (02:08):
The point is is to be open and be honest
with your significant other about that baggage. And today we're
specifically talking about your finances. Whether it is student loan debt,
whether it is credit card debt, whether it is you
are behind on your mortgage, your car payment. It needs
(02:30):
to be revealed to your significant other in full. Why
are we keeping secrets from each other when it comes
to finances. If you are ashamed of your finances and
how they are being handled, you need to fix it.
You should fix it immediately. A relationship should not be
on your mind if your finances aren't correct.
Speaker 2 (02:52):
This is for men and women.
Speaker 1 (02:54):
We're all adults here, so focus on your finances because
that's the number one reason why relationships do not last.
When we talk about fifty to fifty or one hundred
percent bill payment in relationships. You all know, I believe
men pay for the bills. Women generally manage the home
and contribute where it is necessary. That is my way
(03:17):
of doing things. However, you all decide how to run
your relationship, that should be communicated. If you want the
man to pay one hundred percent of the bills, communicate that.
If you want the woman to pay one hundred percent
of the bills, communicate that.
Speaker 2 (03:34):
If you want to go fifty to fifty, communicate that
each person.
Speaker 1 (03:39):
This is a very difficult conversation to have because you're
opening up your books, your accounts, how much you owe
and how much you have available. A lot of people
are drowning and credit card debt, and they are just
ashamed and have embarrassment about admitting that they have credit
(04:00):
card debt. If you want to spend your life with
someone else, if you are incorporating someone else into your life,
you need to be open about this because now your finances,
your debts now affects someone else. I don't care whether
you're a man or a woman, it now affects someone else.
(04:24):
Both parties need to come to the table with all
their accounts, with all their pay stubs, and with all
debts that they have. This is the open communication that
I'm talking about when it comes to finances. How much
money do you make gross? How much money do you
(04:44):
bring home each paycheck each month, each week? How much
do you make hourly? Okay, how much are you what
are your tax exemptions? Are you getting more money monthly
or are you getting more money when it comes time
to file you tax returns. This is all information that
needs to be shared. So once you have this conversation
(05:08):
clear the day, don't look to do anything else because.
Speaker 2 (05:11):
We need to get deep, dive deep.
Speaker 1 (05:13):
Into finances in order for us to get them aligned,
to get them organized, so we can start to build
generational wealth. Each party needs to come with there with
it be an open book, all right. How much money
you make, how much money you spend each month on bills?
Speaker 2 (05:32):
If you have.
Speaker 1 (05:33):
Separate households, that is where you compare and say maybe
we can start to cohabitate. If you're that alone, I'm
assuming and I want to say, if you're having this conversation,
this open conversation about finances, you are further along in
your relationship. You are ready to turn that corner to
talk marriage, to talk engagement, to talk family. So I'm
(05:55):
under the assumption that we're at that point, that you
are in different households, possibly and definitely if you are
living underneath the same roof, you have to have this
conversation sooner rather than later. Okay, how much money are
you spending each month on everything? Rent, carnal, insurance, cable phone, bs, entertainment,
(06:22):
I'll say entertainment.
Speaker 2 (06:23):
How much are you spending on entertainment? Takeout? How much
are you spending on food? Okay? Because you might find
that your significant other, your partner is good.
Speaker 1 (06:34):
With finances, you also might find out that your significant
other is bad with finances. That is why this is
the number one reason relationships fall apart because of finances.
I may be making one hundred and twenty thousand dollars
a year. However, if I am mismanaging my finances, it
(06:55):
may seem like I'm making ten thousand. I may be
drowning in credit card that because I am not managing
and I'm not budgeting the way I'm supposed to be
open and honest. Because you never know how your partner
wants to manage their money, Your money, our money. That
is a conversation because now it is our money. Okay,
(07:19):
how much money you have going out for bills? Okay,
if we bring our moneies together, this is where we
have the fifty to fifty whoever is going to pay
for what? This is where you make that decision. I say,
men pay the bills. That's what I say. Okay. If
(07:39):
you decide to do fifty to fifty in your relationship,
that's your decision. You may come to regret that later.
But that's neither here nor there. Okay, this is where
we decide who is going to pay for what. Again,
I'm going to be the dead horse. Men. You should
be paying the mortgage. There should not be a fifty
(07:59):
five fifty split on the mortgage. Men should be paying
that one hundred percent. There's no debate there, right, you're not.
There should be no debate on who's paying rent if
you're in an apartment or mortgage. If you're in a home,
that should be the man.
Speaker 2 (08:14):
Okay.
Speaker 1 (08:15):
You should be making sure those lights stay on. You
should be making sure that water stays on. You should
be making sure our cars do not get repossessed.
Speaker 2 (08:24):
Okay.
Speaker 1 (08:25):
At least you should be paying for your own vehicle
if she pays for hers. Okay, But men should be
providing that shelter, that electricity, that water every single month
with no problems.
Speaker 2 (08:37):
Okay.
Speaker 1 (08:40):
So now we're getting into debts. Who's gonna pay what,
Whether we're gonna go fifty to fifty sixty forty men?
Speaker 2 (08:47):
Women, your decision.
Speaker 1 (08:49):
Okay, this is where we come up with when everything
is due, who's going to pay it, and how you're
going to pay it.
Speaker 2 (09:00):
In a relationship, you should be able.
Speaker 1 (09:02):
To say I'm going to pay the electric bill every
month and that be the end of it.
Speaker 2 (09:06):
Okay. It should be available for both parties to.
Speaker 1 (09:10):
See, just in case I want to check and see
how that bill is going, if the bill is getting paid.
Though I'm in a relationship, I love my partner. I
want to be with her for the rest.
Speaker 2 (09:24):
Of my life. She is human, I am human.
Speaker 1 (09:27):
There's nothing wrong with checking to make sure that everything
is good to go with a payment.
Speaker 2 (09:33):
Okay.
Speaker 1 (09:34):
I do not recommend you blindly, blindly letting someone pay
a bill that affects you. Again, finances are very important.
I'm not saying you have to check every single month,
but we do spot checks to make sure our relationship
is being maintained. Everyone should have that responsibility in a relationship.
(10:00):
So now we need to decide whether we're gonna have
joint accounts or separate accounts. Here's what Felix Black says.
You should have separate accounts to where your gross income
comes into. Every paycheck that you have should go into
your account. We should both put into a joint account.
(10:20):
How much we decide what to put into that account
depends on your finances. That's why we're having this conversation. Okay,
put that into a joint account. Because each person is
still independent. Maintain your independence. If we are being open
and honest, I know how much money you're getting paid
(10:41):
every two weeks, every person the fifteenth every week. Because
you've shown me. You know how much money I'm getting paid,
so there are no secrets, even though we have separate accounts.
I do not want to be told how to spend
my money. Once my bills for my family and myself
(11:03):
are paid for, and she shouldn't have to go through
that either. Spend your money the way that you want to. However,
when it comes time that something needs to be paid,
everyone should be accountable for what they've been doing. With
their money. Okay, though I do not check to see
what you do with your money on a daily basis.
(11:24):
If we need something, if we want to plan a vacation,
it shouldn't be I don't have any money. It shouldn't
be I can't pay that bill this month because of XYZ.
Then you're not being open and honest with what your
money is going towards. If we are in a partnership,
(11:44):
ninety percent of our money should be going towards this
partnership to benefit both of us, to benefit our family,
and to build generational wealth.
Speaker 2 (11:53):
Okay.
Speaker 1 (11:54):
Once we start getting into the I missed the payment
or this bill is behind and you're supposed to be
in charge of managing that bill, this is where the
issues begin because now you're either doing something nefarious with
your money, you're gambling your money, you're saving your money
(12:15):
for your own self and not paying what you're supposed
to be paying. At the end of the day, you're
not being in a responsible partner. You're not being in
a responsible adult in this relationship.
Speaker 2 (12:25):
Okay.
Speaker 1 (12:26):
So that is why we need to be open and
honest about finances. This is not something we need to
discuss every day. Finances don't come up every single day.
They're a monthly, sometimes quarterly discussion that needs to be had.
So I suggest, I am telling you maintain those separate accounts,
(12:46):
get your direct deposit. However, you make your money into
those accounts, and you each pour into a joint account,
whether you have a joint account for bills, whether you
have a joint account for your kids, whether you have
a join an account for vacation.
Speaker 2 (13:01):
Okay, But if.
Speaker 1 (13:02):
I want to go and get a gift for my
significant other or birthday for Christmas, I have my own
account that I can go into if I want to
go get a haircut, if I want to go get
new rims on my car, and I can afford it.
That is what my account is for. Okay. And likewise,
if you want to go get your nails done, ladies,
(13:24):
you want to go get.
Speaker 2 (13:24):
Your hair done, you have money in your account to
go do that.
Speaker 1 (13:28):
Though I don't necessarily give you the two hundred dollars
for you to go and get your hair, nails, feet
done a spot day. I am paying bills here, so
I am freeing up money that you have to do
what you need to do. So I am indirectly paying
for that okay, you're also freeing up money that I
(13:51):
have for me to do different things. That's how the
finances work in a relationship. It is a very compleat system,
as it should be when we're homeowners, when we're adults
and we have different moneies going different places, retirement funds,
four one k's, vacation funds, play money funds, bills. We
(14:15):
have money going in different directions. This is a conversation
that needs to be had because this is very important
to the livelihood of your relationship of your family. At
the end of the day, your communication about finances shows
your level of maturity.
Speaker 2 (14:32):
If you are willing and able.
Speaker 1 (14:34):
To talk about your finances and be open and honest,
that is a level of maturity. You are ready to
take that next step in a relationship. If you are
not ready to have that conversation with your significant other
and open up the books to your finances, you are
not ready to get engaged, to start a family, to
get married. These are those communication points in relationships that
(14:59):
are very important for us taking the next step. Finances.
I've said this before, finances are the number one reason
why relationships do not last. Come to the table, be open,
be honest about the baggage you are carrying with your finances.
(15:20):
Everyone has some sort of debt. Everyone has some sort
of debt. Just be open and honest about that. If
you are behind on payments, if you are behind on bills,
tell them, tell them it's going to come out eventually.
And if I am good with finances but my significant
(15:41):
other is not and she does not tell me, that
is a huge red flag and it's not recoverable, okay,
because you had the opportunity to be open and honest
with me about that. If you are not good with finances,
that is okay. Just tell your partner that hopefully you
(16:01):
have a partner that is understanding and that wants you
to get better with finances. That will help you budget,
that will take over the budgeting for you and siphon
off money for you to still enjoy life. Am I
saying that you're supposed to be saving everything after you
(16:22):
pay bills.
Speaker 2 (16:24):
No, you should be paying yourself first.
Speaker 1 (16:27):
I'm not a finance guru, so I don't want to
say where to put money. I'm specifically saying we need
to have the conversation. You need to have the conversation
about money before you start to transition to that next level.
While we're still in the honeymoon phase and everything is
great and everything is going according to plan, get into
(16:52):
those tough conversations to show to make sure that this
is the person that you want to spend the rest
to your your life with finances very important. Everyone should
be having this conversation in their relationship. This has been
the Felix Black podcast talking about finances. Thank you all
(17:12):
for watching. Make sure you continue to subscribe, follow, and
share if you feel someone needs this information. I'll see
y'all in the next one.
Welcome back to the Felix Black Show Podcast. Today, I
am talking to you about finances in your relationship and
why it is the number one reason relationships do not last.
Speaker 2 (00:12):
Let's start the video.
Speaker 1 (00:20):
Hey, welcome back everyone to the Felix Black Podcast, your
top podcast for all things relationship, travel and fashion. Today,
I am talking about finances in your relationship. Finances are
the number one reason why relationships do not last. I
know people think it's because of infidelity, because of cheating communication,
(00:44):
it's because of finances. Finances are so important to your
way of living, of how you're going to provide for
your family. And the reason why finances are the number
one reason why relationships do not last is because men
are based and are judged solely based on our finances. Women,
(01:05):
you want a provider, you want a leader. You want
stability when we come when we talk about providing, When
we talk about stability, that comes with finances. So in
a household, whether you decide to do one hundred percent
the man pays for the bills, whether we're doing fifty
to fifty percent ninety ten, it does not matter. Finances
(01:28):
should be established. Once you realize that you want to
take this relationship to the next level. We'll talk about
living together in another podcast episode. For now, we're talking
about finances. Each person needs to have that hard conversation
with each other.
Speaker 2 (01:48):
Everyone.
Speaker 1 (01:49):
Everyone comes to relationships with baggage, whether that is past relationships,
whether that is children, whether that is debt, whether that
is not being healed from past traumatic events. It's okay
to come to a relationship with baggage.
Speaker 2 (02:07):
We all have it.
Speaker 1 (02:08):
The point is is to be open and be honest
with your significant other about that baggage. And today we're
specifically talking about your finances. Whether it is student loan debt,
whether it is credit card debt, whether it is you
are behind on your mortgage, your car payment. It needs
(02:30):
to be revealed to your significant other in full. Why
are we keeping secrets from each other when it comes
to finances. If you are ashamed of your finances and
how they are being handled, you need to fix it.
You should fix it immediately. A relationship should not be
on your mind if your finances aren't correct.
Speaker 2 (02:52):
This is for men and women.
Speaker 1 (02:54):
We're all adults here, so focus on your finances because
that's the number one reason why relationships do not last.
When we talk about fifty to fifty or one hundred
percent bill payment in relationships. You all know, I believe
men pay for the bills. Women generally manage the home
and contribute where it is necessary. That is my way
(03:17):
of doing things. However, you all decide how to run
your relationship, that should be communicated. If you want the
man to pay one hundred percent of the bills, communicate that.
If you want the woman to pay one hundred percent
of the bills, communicate that.
Speaker 2 (03:34):
If you want to go fifty to fifty, communicate that
each person.
Speaker 1 (03:39):
This is a very difficult conversation to have because you're
opening up your books, your accounts, how much you owe
and how much you have available. A lot of people
are drowning and credit card debt, and they are just
ashamed and have embarrassment about admitting that they have credit
(04:00):
card debt. If you want to spend your life with
someone else, if you are incorporating someone else into your life,
you need to be open about this because now your finances,
your debts now affects someone else. I don't care whether
you're a man or a woman, it now affects someone else.
(04:24):
Both parties need to come to the table with all
their accounts, with all their pay stubs, and with all
debts that they have. This is the open communication that
I'm talking about when it comes to finances. How much
money do you make gross? How much money do you
(04:44):
bring home each paycheck each month, each week? How much
do you make hourly? Okay, how much are you what
are your tax exemptions? Are you getting more money monthly
or are you getting more money when it comes time
to file you tax returns. This is all information that
needs to be shared. So once you have this conversation
(05:08):
clear the day, don't look to do anything else because.
Speaker 2 (05:11):
We need to get deep, dive deep.
Speaker 1 (05:13):
Into finances in order for us to get them aligned,
to get them organized, so we can start to build
generational wealth. Each party needs to come with there with
it be an open book, all right. How much money
you make, how much money you spend each month on bills?
Speaker 2 (05:32):
If you have.
Speaker 1 (05:33):
Separate households, that is where you compare and say maybe
we can start to cohabitate. If you're that alone, I'm
assuming and I want to say, if you're having this conversation,
this open conversation about finances, you are further along in
your relationship. You are ready to turn that corner to
talk marriage, to talk engagement, to talk family. So I'm
(05:55):
under the assumption that we're at that point, that you
are in different households, possibly and definitely if you are
living underneath the same roof, you have to have this
conversation sooner rather than later. Okay, how much money are
you spending each month on everything? Rent, carnal, insurance, cable phone, bs, entertainment,
(06:22):
I'll say entertainment.
Speaker 2 (06:23):
How much are you spending on entertainment? Takeout? How much
are you spending on food? Okay? Because you might find
that your significant other, your partner is good.
Speaker 1 (06:34):
With finances, you also might find out that your significant
other is bad with finances. That is why this is
the number one reason relationships fall apart because of finances.
I may be making one hundred and twenty thousand dollars
a year. However, if I am mismanaging my finances, it
(06:55):
may seem like I'm making ten thousand. I may be
drowning in credit card that because I am not managing
and I'm not budgeting the way I'm supposed to be
open and honest. Because you never know how your partner
wants to manage their money, Your money, our money. That
is a conversation because now it is our money. Okay,
(07:19):
how much money you have going out for bills? Okay,
if we bring our moneies together, this is where we
have the fifty to fifty whoever is going to pay
for what? This is where you make that decision. I say,
men pay the bills. That's what I say. Okay. If
(07:39):
you decide to do fifty to fifty in your relationship,
that's your decision. You may come to regret that later.
But that's neither here nor there. Okay, this is where
we decide who is going to pay for what. Again,
I'm going to be the dead horse. Men. You should
be paying the mortgage. There should not be a fifty
(07:59):
five fifty split on the mortgage. Men should be paying
that one hundred percent. There's no debate there, right, you're not.
There should be no debate on who's paying rent if
you're in an apartment or mortgage. If you're in a home,
that should be the man.
Speaker 2 (08:14):
Okay.
Speaker 1 (08:15):
You should be making sure those lights stay on. You
should be making sure that water stays on. You should
be making sure our cars do not get repossessed.
Speaker 2 (08:24):
Okay.
Speaker 1 (08:25):
At least you should be paying for your own vehicle
if she pays for hers. Okay, But men should be
providing that shelter, that electricity, that water every single month
with no problems.
Speaker 2 (08:37):
Okay.
Speaker 1 (08:40):
So now we're getting into debts. Who's gonna pay what,
Whether we're gonna go fifty to fifty sixty forty men?
Speaker 2 (08:47):
Women, your decision.
Speaker 1 (08:49):
Okay, this is where we come up with when everything
is due, who's going to pay it, and how you're
going to pay it.
Speaker 2 (09:00):
In a relationship, you should be able.
Speaker 1 (09:02):
To say I'm going to pay the electric bill every
month and that be the end of it.
Speaker 2 (09:06):
Okay. It should be available for both parties to.
Speaker 1 (09:10):
See, just in case I want to check and see
how that bill is going, if the bill is getting paid.
Though I'm in a relationship, I love my partner. I
want to be with her for the rest.
Speaker 2 (09:24):
Of my life. She is human, I am human.
Speaker 1 (09:27):
There's nothing wrong with checking to make sure that everything
is good to go with a payment.
Speaker 2 (09:33):
Okay.
Speaker 1 (09:34):
I do not recommend you blindly, blindly letting someone pay
a bill that affects you. Again, finances are very important.
I'm not saying you have to check every single month,
but we do spot checks to make sure our relationship
is being maintained. Everyone should have that responsibility in a relationship.
(10:00):
So now we need to decide whether we're gonna have
joint accounts or separate accounts. Here's what Felix Black says.
You should have separate accounts to where your gross income
comes into. Every paycheck that you have should go into
your account. We should both put into a joint account.
(10:20):
How much we decide what to put into that account
depends on your finances. That's why we're having this conversation. Okay,
put that into a joint account. Because each person is
still independent. Maintain your independence. If we are being open
and honest, I know how much money you're getting paid
(10:41):
every two weeks, every person the fifteenth every week. Because
you've shown me. You know how much money I'm getting paid,
so there are no secrets, even though we have separate accounts.
I do not want to be told how to spend
my money. Once my bills for my family and myself
(11:03):
are paid for, and she shouldn't have to go through
that either. Spend your money the way that you want to. However,
when it comes time that something needs to be paid,
everyone should be accountable for what they've been doing. With
their money. Okay, though I do not check to see
what you do with your money on a daily basis.
(11:24):
If we need something, if we want to plan a vacation,
it shouldn't be I don't have any money. It shouldn't
be I can't pay that bill this month because of XYZ.
Then you're not being open and honest with what your
money is going towards. If we are in a partnership,
(11:44):
ninety percent of our money should be going towards this
partnership to benefit both of us, to benefit our family,
and to build generational wealth.
Speaker 2 (11:53):
Okay.
Speaker 1 (11:54):
Once we start getting into the I missed the payment
or this bill is behind and you're supposed to be
in charge of managing that bill, this is where the
issues begin because now you're either doing something nefarious with
your money, you're gambling your money, you're saving your money
(12:15):
for your own self and not paying what you're supposed
to be paying. At the end of the day, you're
not being in a responsible partner. You're not being in
a responsible adult in this relationship.
Speaker 2 (12:25):
Okay.
Speaker 1 (12:26):
So that is why we need to be open and
honest about finances. This is not something we need to
discuss every day. Finances don't come up every single day.
They're a monthly, sometimes quarterly discussion that needs to be had.
So I suggest, I am telling you maintain those separate accounts,
(12:46):
get your direct deposit. However, you make your money into
those accounts, and you each pour into a joint account,
whether you have a joint account for bills, whether you
have a joint account for your kids, whether you have
a join an account for vacation.
Speaker 2 (13:01):
Okay, But if.
Speaker 1 (13:02):
I want to go and get a gift for my
significant other or birthday for Christmas, I have my own
account that I can go into if I want to
go get a haircut, if I want to go get
new rims on my car, and I can afford it.
That is what my account is for. Okay. And likewise,
if you want to go get your nails done, ladies,
(13:24):
you want to go get.
Speaker 2 (13:24):
Your hair done, you have money in your account to
go do that.
Speaker 1 (13:28):
Though I don't necessarily give you the two hundred dollars
for you to go and get your hair, nails, feet
done a spot day. I am paying bills here, so
I am freeing up money that you have to do
what you need to do. So I am indirectly paying
for that okay, you're also freeing up money that I
(13:51):
have for me to do different things. That's how the
finances work in a relationship. It is a very compleat system,
as it should be when we're homeowners, when we're adults
and we have different moneies going different places, retirement funds,
four one k's, vacation funds, play money funds, bills. We
(14:15):
have money going in different directions. This is a conversation
that needs to be had because this is very important
to the livelihood of your relationship of your family. At
the end of the day, your communication about finances shows
your level of maturity.
Speaker 2 (14:32):
If you are willing and able.
Speaker 1 (14:34):
To talk about your finances and be open and honest,
that is a level of maturity. You are ready to
take that next step in a relationship. If you are
not ready to have that conversation with your significant other
and open up the books to your finances, you are
not ready to get engaged, to start a family, to
get married. These are those communication points in relationships that
(14:59):
are very important for us taking the next step. Finances.
I've said this before, finances are the number one reason
why relationships do not last. Come to the table, be open,
be honest about the baggage you are carrying with your finances.
(15:20):
Everyone has some sort of debt. Everyone has some sort
of debt. Just be open and honest about that. If
you are behind on payments, if you are behind on bills,
tell them, tell them it's going to come out eventually.
And if I am good with finances but my significant
(15:41):
other is not and she does not tell me, that
is a huge red flag and it's not recoverable, okay,
because you had the opportunity to be open and honest
with me about that. If you are not good with finances,
that is okay. Just tell your partner that hopefully you
(16:01):
have a partner that is understanding and that wants you
to get better with finances. That will help you budget,
that will take over the budgeting for you and siphon
off money for you to still enjoy life. Am I
saying that you're supposed to be saving everything after you
(16:22):
pay bills.
Speaker 2 (16:24):
No, you should be paying yourself first.
Speaker 1 (16:27):
I'm not a finance guru, so I don't want to
say where to put money. I'm specifically saying we need
to have the conversation. You need to have the conversation
about money before you start to transition to that next level.
While we're still in the honeymoon phase and everything is
great and everything is going according to plan, get into
(16:52):
those tough conversations to show to make sure that this
is the person that you want to spend the rest
to your your life with finances very important. Everyone should
be having this conversation in their relationship. This has been
the Felix Black podcast talking about finances. Thank you all
(17:12):
for watching. Make sure you continue to subscribe, follow, and
share if you feel someone needs this information. I'll see
y'all in the next one.
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