Why Getting Rich DOUBLES Your Chances of Divorce (feat. Bill Perkins)
Apr 16, 2024
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Relationship advice expert Bill Perkins joins podcast host Codie to discuss the real cost of divorce, the importance of partnerships, the power of relationship coaches, statistics behind divorce, the significance of prenups, and practical tips for maintaining a healthy marriage. They also touch on the 'TEAM' method for improving relationships and share personal experiences with divorce and marriage.
56:45
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Quick takeaways
Wealth can impact divorce rates differently for men and women, with lottery winnings often leading to higher divorce rates for women.
Financial transparency is vital during divorce to prevent misunderstandings, emphasizing the need for both partners to be knowledgeable about finances.
Therapy and professional guidance are essential for maintaining successful relationships, with early intervention and communication improvements crucial for preventing divorce.
Deep dives
Impact of Winning the Lottery on Divorce Rate
Winning the lottery has different impacts on men and women in terms of their likelihood of divorce. While men tend to remain stable after winning the lottery, women tend to experience a significant increase in divorce rates. The podcast highlights that among the 10 richest men, there were 13 divorces collectively, showcasing a pattern of divorce within wealthy circles.
Importance of Financial Transparency in Divorce
Financial transparency and understanding are crucial aspects in navigating divorce smoothly. Lack of financial knowledge can lead to tensions and misunderstandings during divorce proceedings. The podcast emphasizes the significance of both partners being aware of the financial situation, including bank accounts, income, and expenditures, to facilitate a more peaceful separation.
Role of Therapy and Coaching in Relationships
Therapy and professional guidance play essential roles in relationship maintenance. The podcast underscores the importance of seeking therapy as a couple to address issues early on and prevent escalations that could lead to divorce. Additionally, having a relationship coach or therapist can help navigate challenges, improve communication, and strengthen the partnership over time, creating a solid foundation for a successful and lasting relationship.
Importance of Legal Protection in Business Partnerships
When going through a divorce, the impact on business partnerships can be significant. The podcast emphasizes the importance of legal agreements to protect business shares during a divorce. Examples are provided of how a failed marriage led to financial and career setbacks, highlighting the real costs and implications. With divorce rates high, securing proper documentation can save individuals from losing assets and facing professional challenges.
The Value of Communication in Relationships
The podcast delves into the importance of communication and daily interactions in relationships. A method called 'Team' is discussed, involving touch, sharing interesting experiences, expressing appreciation, and addressing issues promptly. This approach aims to enhance intimacy, understanding, and gratitude within the relationship. By fostering open communication and addressing issues proactively, couples can strengthen their bond and avoid common pitfalls that lead to dissatisfaction or potential breakup.
Divorce: a word that costs as much financially as emotionally. We all know how much it costs to get married, but how much does it actually cost to go from “I do” to “I’m through”? Codie explores the impacts of divorce and chats with Bill Perkins for relationship advice. She emphasizes the importance of mediations in divorce and prenuptial agreements for future marriages, rounding off with her own experiences and practical tips on staying married.
TIMESTAMPS:
0:00 Intro
01:47 Contrarian Idea: the real cost of divorce
06:12 Steal My Rich Friends: Bill Perkins on divorce and marriage
10:34 Realizing partnership is a priority
15:42 The power of a relationship coach
22:35 The statistics behind divorce
27:39 Codie's thoughts on prenups
35:19 Codie's Tinkering on her experience with divorce
38:47 The TEAM method
44:11 Meeting Jeff Bezos and his previous relationship
