Oct 23, 2019
After watching so many couples struggle over money, Scott &
Bethany Palmer set out to find
out why. After a decade of research with a Stanford scientist, they
cracked the code
to stop the money issues that so often lead to divorce. They
discovered that money “issues” aren’t really about dollars
and cents -- the real problem is a couple’s struggle to
communicate about and agree on money. They developed
The 5 Money Personalities to help couples
understand their own unique perspectives and behaviors when it
comes to money, learn more about their partner’s money
personalities, and better communicate in a way that builds rich
relationships They are the bestselling authors of
numerous books, including The 5 Money Personalities and
The 5 Money Conversations to Have with Your Kids. The
Money Couple’s insight and expertise has been featured on Good
Morning America, FOX News, CNN, HLN, Hallmark, Forbes, US News &
World Report, Women’s Health, Prevention, POPSUGAR, Brides, FIRST
for Women,
and many more.
You’ve heard of the Five Love Languages (and if not, Google it immediately), now join us as Bethany and Scott and I discuss Money Languages. With a combined 50 years of experience in financial planning, and a decade of research-based study, Bethany and Scott have unlocked one of the leading causes of divorce… money fights. In this episode they will discuss what they found in their research, and teach us how to find our “Spending Personalities.” Once we know how we are with money and spending, we can learn to communicate in a more loving and productive manner, alleviating much of the unnecessary strife in our relationships.
“It isn’t about how much money you have or don’t have. It’s not about your debt or your budget. It’s about your relationship.” - Scott and Bethany Palmer
Today on Mastering Midlife:
- How advising a divorcing couple sent them down a decade long quest to help married couples talk about money.
- 70% of all Divorcees site “money” as the cause.
- There is a money component about almost every decision.
- Labeling the Money Personality can help depersonalize the “habit” for more productive discussions.
- The Five Money Personalities
- Spender
- Saver
- Security Seeker
- Risk Taker
- Flyer
- How kids “spend” their candy is a clue to their money personality (see next episode).
Connect with The Palmers
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