Myra and Abby, What's Your Framework for Making Complex Life Decisions?

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Abby and Myra provide a five-step framework to help us make complex, challenging life decisions. What career are you going to pursue? And how is that going to affect the rest of your family? All money and love intertwines; we have to consider both when we make our decisions. So clarify what's important to you. Communicate with the people involved. Check in with trusted resources and consider the consequences.

Do love and money mix? Labor economist and Stanford Graduate School of Business professor emerita Myra Strober says absolutely.

“Separating money and love is not a good idea. I have had 40 years to think about this, and, in my class at the GSB on work and family, each semester I realize how important it is to intertwine love and money."

In this podcast episode, Matt Abrahams sits down with Strober and social innovation leader Abby Davisson to discuss the thorny topics of work, money, career, and love. In their new book, Money and Love: An Intelligent Roadmap for Life’s Biggest Decisions, the coauthors provide a framework for communicating in and around tough decisions with those we love. These may include caring for aging relatives, expanding your family, changing careers or moving.

“If you are in a relationship, maybe you have kids or other people living in your household, the first thing you need to realize is that your career decisions are going to affect the whole ecosystem,” Davisson says. “It’s very important not just to clarify what you want, but to anticipate and think about the impact on those around you.”

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