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Published Nov 22, 2019

281: My Wife Thinks I'm Hiding Money | Feedback Friday

Jordan Harbinger and Jason DeFillippo delve into ethical dilemmas, financial transparency in relationships, and online safety for children, offering practical advice and solutions to navigate these complex issues with empathy and caution.
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  • Financial Transparency

    Financial transparency is crucial in relationships, especially when one partner feels excluded from financial decisions. shares a listener's story about his wife, who is upset about not being added to his business account. emphasizes that trust issues are at the core of this problem and suggests keeping business finances separate from personal ones to avoid misuse.

    Only people in management positions connected with the business should have access to the business account period. Period!

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    Jordan also advises creating a will to address concerns about what happens to the money if something happens to the account holder 1.

       

    Addressing Trust Issues

    Addressing trust issues requires more than just financial transparency. Jordan recommends involving a financial advisor and a therapist to tackle both financial and trust issues simultaneously. He suggests using accounting software that allows read-only access to provide transparency without giving control.

    The problem here is a trust thing.

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    This approach helps in maintaining clear boundaries while fostering trust in the relationship 2.

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