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I read every email I receive from subscribers/readers/fans. I read every tweet. I read every Facebook post and LinkedIn post. I do this because I often find inside these communications an opportunity for an article that could add value to everyone. One such opportunity presented itself recently. I think this is an important topic and thought I’d share some of my research.
When both spouses are on the same page, success is guaranteed. When both spouses are not on the same page, success comes hard or not at all.
What do I mean by being on the same page?
- Both spouses have the same “Money Mindset” – They are focused on achieving financial security by saving and investing those savings prudently.
- Both spouses have similar long-term financial goals – This is often a dollar figure or amount of wealth they are focused on accumulating at some future point in time.
- Both spouses have a positive, upbeat mindset – Having a positive mindset is a prerequisite for success. If one spouse suffers from depression and does not seek treatment to manage it, that virtually guarantees you will not succeed in achieving your dreams and goals. You will be distracted and forced to pull your own cart. Drug or alcohol addictions will create a toxic environment and infect both spouses with a negative mindset. Gambling addictions have the same toxic effect on mindset for both spouses.
- Both spouses share the same Dream – Supportive means each spouse supports the other in the pursuit of their dreams and goals. Sixty-one percent of the self-made millionaires in my Rich Habits Study were business owners. Their spouses supported them in their efforts to grow their business. Oftentimes, both spouses worked together in growing the business.
- Both spouses are loyal to each other – Infidelity will not only doom a marriage, it will almost always prevent you from becoming rich and successful. Only 19% of the millionaires in my study were divorced, whereas 46% of the poor in my study were divorced. There are numerous studies that found divorce to be more stressful than the loss of a loved one. The stress caused by divorce will weaken your immune system, opening the door to disease or chronic illness. Not only that, divorce is very often financial suicide. Most never recover financially from a divorce. The few who do learn that it takes an average of 5-7 years to recover from a divorce.
When both spouses are not on the same page, success becomes very difficult. It’s like having a business partner who is not working on the business. Both spouses must pull the same cart together. When one spouse is not on the same page, the cart can be too hard to pull on your own.
Tom Corley is an accountant, financial planner, public speaker, and author of the books “Effort-Less Wealth: Smart Money Habits At Every Stage of Your Life” and “RichKids: How to Raise Our Children to Be Happy and Successful in Life“. Corley’s work has appeared on CNN, USA Today, The Huffington Post, SUCCESS Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.
