"The key to settling conflicts is to know what you are really fighting about in the first place.”
"What happens when two people come together and attempt to create a unified lifetime partnership? Conflict or disagreements will arise. There is no way to avoid it. No two people will ever agree on everything, especially when it comes to financial matters. Budgeting, banking, spending, money handling, saving, and all other financial habits will be debated within a marriage, and the outcome of these arguments can often determine its fate. Those who are able to overcome differences are more likely to remain married, while others usually head towards divorce. The key to being a part of the group that overcomes these problems resides in the ability to effectively communicate and adjust for the sake of the relationship. Couples that learn to overcome their language barriers and are willing to work through different financial philosophies have the tools needed to resolve most financial based conflicts."
"There are several steps you can take to better learn the financial habits of your spouse. The first step is the most obvious one: have a productive conversation with him or her about financial matters. Healthy communication with your spouse will lead to fewer misunderstandings, and you need to understand how to create these conversations. To do this successfully, you need to learn your partner’s language. While both of you may speak English or another language, there is a high probability that you don’t define all words in the same manner. In your partner’s mind, the word few, when used in the context of time, may mean exactly three minutes, while it may be defined as five minutes in your mind. Responsible budgeting could mean creating a document which tracks all financial transactions from your perspective, but it might be interpreted as simply being aware of all checking and savings accounts balances to your spouse. These differences are often seen as problems, but they are actually the solution to most marital disputes. If you know your spouse defines a few minutes as three minutes, accept his or her interpretation. When your spouse defines budgeting as simply knowing the balances in all checking and savings accounts, you need to hear it that way. Far too often, people reject words and phrases used by others simply because they see it as a threat to their own interpretations, but thinking this way creates more problems. Their different use of the English language won’t weaken your method of conveying messages. It is possible to be content with these differences, but doing this takes practice. You can begin by writing down the most common phrases your spouse uses that irritates you. As you review this list, divide these phrases into quarters and practice being receptive to their use. Do this for the next thirty days and move on to the next quarter of your list. By doing this, you are teaching yourself to not feel threatened by these phrases." (D.E.B.T. The Relationship Edition)
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Happy national financial literacy month!
Learn better money habits today and live out your dreams tomorrow.
Did Everything But Think is a guideline to avoiding debt traps while on the path of financial freedom. Lorick approaches personal financial management from a social awareness point of view, using unheard stories to expose the culture of debt that dominates the U.S. economy. Did Everything But Think bridges the gap between the wealthy and impoverished by enabling all readers, despite their background, to understand the costs associated with financial decisions throughout a lifetime. This book is just a small part of the D.E.B.T. movement. The purpose of this cause is simple, to strengthen our country by destroying debt dependency.
Is your relationship lacking financial compatibility? If it is, don’t worry, you are not alone. Most couples argue about money, but not all are able to overcome these disputes. “D.E.B.T. The Relationship Edition” offers a way to not only resolve these issues, it teaches readers how to avoid them all together.
For singles, this book is a guide to choosing more compatible partners and building long-lasting relationships. Lorick’s methods of finding financial habit indicators and his must ask questions for determining financial compatibility are essential dating tools.
For readers who are already married, Lorick offers a simple but effective blueprint to building a financially unified household. He focuses on individual accountability, communication skills, and effective compromise to help couples overcome stubborn disagreements about money. Lorick also provides some useful wealth building tools for couples who aren't experiencing many financial disputes.
“Did Everything But Think: D.E.B.T.” only touched on relationship issues, but this edition is a complete guide to achieving lifestyle goals as a couple. After reading this book, all readers will possess the tools needed to find financially compatible partners, and build a fiscally harmonious household.