The Five Crucial Questions You Need To Ask Your Partner Before You Say “I Do”

He popped the question but now it’s time to ask a few questions of your own. Even though fighting about money is the number one cause of divorce in America, many couples spend more time thinking about where to hold their wedding and which flowers to purchase than they do thinking about their financial lives together. With so many marriages torn apart because of finances, I created five crucial questions every bride and groom must ask (and answer) before they say “I do.”

  1. What is your partner’s credit history?
    The smallest mistake can cause big trouble for your financial future as a couple when it comes to your credit score. That one credit card with a $500 balance that your partner forgot to pay since college can seriously damage your credit history once you become legally married.
  2. Do we need to sign a pre-nuptial agreement?
    Not signing a pre-nuptial agreement can be one of the biggest mistakes a couple makes before they tie the knot. If one of you has significantly more assets than the other, it is crucial that you protect yourself against the legal repercussions of divorce, no matter how unlikely the prospect may seem at the time.
  3. Is your partner currently saving any money?
    The time to find out if your fiancé is financially clueless is before you get married. Ask them if they are putting any money away. Find out if they’ve ever taken a finance class or read a book on investing. This is a great way to suggest that the two of you take an investment class together. Couples that learn together… stay together.
  4. How did your partner’s parents handle their money?
    This is one of the most overlooked issues with couples today. How your partner’s parents handled money in their marriage can give you a pretty good inclination of how your partner will handle money in your marriage. If their parents were constantly relying on credit cards, for example, there’s a good chance that they have inherited this bad financial behavior as well.
  5. What are your partner’s plans and dreams for retirement?
    Don’t wait till you are both in your sixties and your spouse informs you that they plan to retire to the Carolina coast to go fishing every day, when you thought the plan was to go to Europe. Make sure you take the time to talk about your dreams for the future, and that you have the same plan for your retirement accounts.

You need to know exactly who you are marrying before you say “I do,” especially when it comes to their financial life. If you want to learn more about couples and money and how you can effectively communicate in your relationship make sure to listen to my interview from the teleseminar entitled “The Art of Love.”  You will have 24 hours to access the interview for FREE so SIGN UP NOW!  My interview will be airing at 6pm EST on Sunday, November 6th, 2011 – you won’t want to miss it!

Live Rich and Happy,

David Bach

 

the art of love

Listen To My Interview For the Complimentary Online Teleseminar: The Art of Love!

Recently, I had the opportunity to be interviewed for a FREE  teleseries entitled The Art of Love. This online event will be from November 1 - 11th and will be featuring 21 leading experts when it comes to relationships. One of the best parts of Ther Art of Love is you can participate from the comfort of your home! Just CLICK HERE to sign up!

As some of you may know one of the top causes for divorce isn’t sex or religion or problems with the in-laws. It’s fighting over money.

Having written a New York Times bestselling book on the subject (Smart Couples Finish Rich) and toured the country doing couples seminars, I can tell you from firsthand experience that working on your money together significantly improves the chances not only of your succeeding financially but you staying together happily with your current or future partner.

 On November 6th at 6pEST I will be sharing my top tips and strategies on how to successfully manage your money in a relationship. This is knowledge that I have acquired from over a decade of working with couples and it’s part of a complimentary tele-series entitled The Art Of Love

During this special hour long interview you will learn:

  • How to communicate successfully if you’re married to your financial opposite.
  • How to determine you values and goals together as a team.
  • What the true purpose of money is in your life.
  • My thoughts on separate bank accounts in your relationship.
  • How I successfully teach my kids about money and how you can too.
  • And so much more!

If you’re in a relationship or plan on being in a relationship, this is a MUST LISTEN! The interview will only be available for 24 hours on November 6th, 2011 starting at 6pEST so sign up now!

Futhermore, once you’re registered you will not only gain access to my interview but also have access to 21 other leading experts in love, sex and marriage! The Art Of Love 11 day online summit starts November 1, 2011.   If you want to learn more about FREE the The Art of Love teleseries CLICK HERE.

Live Rich and Happy,

David Bach

the art of love