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38: A Framework For Understanding And Navigating The Dynamics Of Working With Couples with Ed Coambs

38: A Framework For Understanding And Navigating The Dynamics Of Working With Couples with Ed Coambs

FromThe Human Side of Money


38: A Framework For Understanding And Navigating The Dynamics Of Working With Couples with Ed Coambs

FromThe Human Side of Money

ratings:
Length:
98 minutes
Released:
Nov 10, 2021
Format:
Podcast episode

Description

When financial advisors work with couples, it's more than just navigating their finances. It means navigating an emotional and complex relationship dynamic. It's not just a matter of aligning the numbers. It's a matter of aligning two completely different belief systems. Our current belief systems around money, which guide our financial decisions today, are formed based on our upbringing. And, when you combine two different upbringings and two different sets of belief systems around money, naturally tension arises. The key for couples to resolve these differences and start on the path to "financial intimacy" is developing an understanding of their own upbringing AND their partner's. Ed Coambs combines a background in financial therapy and financial planning to offer advisors some critical insights on navigating couple dynamics. We discuss: Why most money arguments aren't actually about money Why our upbringing is the main source of money conflict in relationships Implicit Money Memories: The lessons that were "caught" not "taught" The most effective way to engage an uninterested spouse How to navigate the conversation between a dreamer spouse and a rational spouse And more!   *For more resources discussed in this episode, check out www.wiredplanning.com/episode38. *For more resources and insights on mastering the human side of money (including our popular "Wisdom Round-Up" email), go to www.wiredplanning.com.
Released:
Nov 10, 2021
Format:
Podcast episode

Titles in the series (100)

The Human Side of Money delivers actionable ideas and strategies to equip financial advisors with the skill set they need to master the human side of money. Whether you've been providing financial advice for 40 days or 40 years, it's evident that technology is shifting your value away from simply picking investments and providing financial plans. The future of advice will hinge on your ability to guide clients through the process, unearth their values and emotions around money, and ultimately, change their behavior for the better. Join your host, Brendan Frazier, as he interviews fellow financial advisors, industry consultants, and experts in the fields of behavioral finance, psychology and communication as they share everything you need to know to master the human side of money!