Debt in the Dating World and Retirement Planning for Entrepreneurs and Business Owners

Feb 10, 2025

Dive into the intriguing world of dating where debt can be a dealbreaker! Discover how financial responsibility impacts romance and learn to spot red flags in relationships. The hosts reveal secrets about managing money and discussing finances with a partner. Transitioning to business, uncover essential retirement planning tips for entrepreneurs, including when to prioritize personal savings over business reinvestments. Plus, hear from a farmer on navigating farm finances and succession strategies for a smooth retirement.

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Intro

00:00 • 2min

Financial Responsibility in Romance

01:58 • 4min

Navigating Debt in Relationships and Planning for Financial Futures

05:36 • 4min

Navigating Farm Finances and Future Planning

09:43 • 11min

Mastering Succession and Retirement Planning

20:22 • 9min

Learn how debt affects dating, plus expert advice on retirement planning for business owners navigating succession and savings.

When does debt become a red flag in the dating world? How can business owners best plan for retirement? Hosts Sean Pyles and Elizabeth Ayoola discuss a new NerdWallet survey revealing how financial responsibility impacts romantic relationships, and they explore how different types of debt — like student loans versus credit card debt—affect dating prospects. Plus, they discuss why financial transparency matters, and they give you some steps to take if you want to become more financially appealing to a potential partner.

Then, Sean and co-host Sara Rathner talk with an organic produce farmer, Tenzin, about how to plan for retirement, particularly as a business owner. They cover key retirement planning benchmarks, when to shift from reinvesting in a business to personal savings, and succession strategies for business owners looking to transition out of an active role.

Read about the findings of NerdWallet’s new survey on debt in dating: https://www.nerdwallet.com/article/finance/data-undateable-debt

Mentions:

In their conversation, the Nerds discuss: how much debt is too much, financial red flags, debt and relationships, money and dating, financial green flags, how to talk about money in relationships, paying off debt before marriage, retirement planning for small business owners, small business succession planning, selling a family business, how to retire as a business owner, when to stop reinvesting in your business, how to transition a business to employees, retirement savings benchmarks, financial planning for entrepreneurs, choosing a financial planner, business transition strategies, how to retire without selling your business, business exit strategies, small business succession options, employee ownership models, planning for retirement as a farmer, financial planning for farmers, debt and dating statistics, and money habits in relationships.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

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