Unlock Your Wealthy Marriage: Money Talks & Harmony in Relationships, with Ashley Quamme
Oct 25, 2023
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Ashley Quamme, licensed marriage and financial therapist and the Founder of the Wealthy Marriage, shares insights on addressing financial disagreements and living beyond means in a marriage. They discuss the dangers of hidden financial problems and offer practical advice on navigating money conversations, getting on the same financial page, and working towards shared goals.
Financial problems are a major contributor to divorce, with 20-40% of divorces in the US being linked to money issues, highlighting the importance of addressing financial challenges in a marriage.
Seeking help and support proactively, whether for financial issues or any other area of life, can prevent problems from escalating and should not be delayed until things get worse.
Deep dives
Financial problems contribute to divorce
Financial problems are a significant contributor to divorce, with 20-40% of all divorces in the US being attributed to money issues. This includes cases where financial disagreements are cited as the reason for the marriage ending, as reported by 41% of divorce gen-exers and 29% of divorce boomers. Money problems can strain a marriage, including overspending, living beyond one's means, and lack of income. Hidden financial issues like secret credit debts and hidden bank accounts can also damage a relationship. Seeking help to address financial issues early can prevent larger problems down the line.
Introduction to Ashley Kwame and the podcast episode
In this podcast episode, financial therapist Ashley Kwame joins the host to discuss the key money issues faced by couples. Ashley is the founder of the Wealthy Marriage and specializes in helping couples struggling with financial and relational issues. The conversation delves into the importance of improving one's financial situation and provides insights on how to do so.
The power of reaching out for help
Ashley emphasizes the importance of reaching out for help, whether it's for financial issues or any other area of life. Seeking support proactively can be a game-changer and reduce the risk of problems becoming worse. She dispels the misconception that one must wait until things get bad before seeking help, encouraging listeners to take control of their financial decisions.
Think Feel Do exercise for self-awareness
Ashley introduces the Think Feel Do exercise, a simple tool to increase self-awareness. By identifying the thoughts, emotions, and behaviors surrounding money-related decisions, individuals can better understand their relationship with money. The exercise helps create new pathways in the brain, leading to more conscious and intentional financial choices.
Are you struggling with financial disagreements in your marriage?
Feeling like the family CFO, with little help from your spouse?
You're not alone. In this episode of The Witty Wallet, I have the privilege of sitting with Ashley Quamme, LMFT, FBS®, CFT-I™, a licensed marriage and financial therapist and the Founder of the Wealthy Marriage.
Ashley shares her valuable insights on the critical money issues couples face today and offers practical solutions to improve your financial situation and bring harmony to your relationship.
We'll dive into essential factors when it comes to understanding our relationship with money and how we can turn that understanding into fuel to make more intelligent and wiser financial decisions.
In this Interview you will learn:
The immense impact of financial problems in a marriage.
Tactics to address overspending, and living beyond your means.
The dangers of hidden financial problems, such as secret debt or undisclosed bank accounts.
Practical advice from Ashley on navigating money conversations with your spouse.
Tips to get on the same financial page and work together towards shared goals.
It's crucial to address financial challenges and come together as a team, rather than letting money issues drive a wedge in your relationship. I hope this episode of The Witty Wallet sheds light on the importance of financial transparency, shared goals, and open conversations in a healthy, wealthy marriage.