How We Handle Business Finances in Our Marriage (and What You Should do)

One of the fun parts of being a financial planner is getting to
field and answer questions from clients and readers all around
the country. In these Work Your Wealth episodes I'll be taking
time to address and answer questions I've come across from
readers and clients throughout my career. On today's episode, I
welcomed back my favorite guest to help me answer some of of your
money questions. Today Brian Storjohann (yep, my hubby) and I are
diving in to tell you about how we handle and address my business
(and the finances behind it) in our marriage.


We recorded this episode live from the FinCon booth at Podcast
Movement, which means I actually let him sit next to me for this
conversation! (Progress!!)


WHAT YOU’LL LEARN FROM THIS EPISODE:


How much of the numbers I share (and you should share) around
your business finances with your spouse

How your business finances relate to and are intertwined with
personal finances and goals

Ways to address the unease that can come with sharing
business finances

How to structure conversations so there is no finger pointing
or guilt around business success or hiccups

Why planning for your personal finances plays a big role in
the success of your business

How we set income goals for the business(both individually
and as a couple)

The dollar limit of business purchases that I share with
Brian

How to plan in advance of business launches and investments
to reduce stress

Why it is super important to share with your spouse when
there are excess funds in the business

How sharing business numbers helps your spouse to better
support you

How often we review numbers and how formal the conversation
is

Expectations around how long it took for us to communicate
effectively around our finances



 


LINKS MENTIONED ON THE SHOW:


Episode 30: Our Money Story (the Good, the Bad & the
Funny)

Episode 27: How We Handle Money in Our Household

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