Upcoming Event!

How Can Mindfulness Help You Reach Financial Independence?

Do you want to reduce money anxiety, but don’t know who to trust?

Would you like to learn how to set up and manage your own retirement plan?

Do you want to know how we create a passive income stream you can’t outlive?

If yes, join us and learn how to answer the 4 critical financial independence questions:

• Am I on track for financial independence?
• What do I need to do to get on track?
• How do I design a mindful investing portfolio?
• How do I manage that portfolio and my income over time through changing markets?

Learn more: https://courses.mindful.money/financial-independence-bootcamp

In this episode, I speak with Douglas and Heather Boneparth. Douglas, a Seasoned Financial Advisor, and Heather, a Former Corporate Attorney, share their journey and insights on managing finances within a relationship. They discuss the evolution of their financial strategies, especially in light of the global pandemic and how it necessitated a shift in their approach to money and partnership.

They emphasize the complexities of merging finances in a relationship, emphasizing that it's not a one-time event but a continuous process. They highlight the importance of communication and understanding each other's financial backgrounds and perspectives.

They also touch on their upcoming book, "The Merge," which explores navigating financial power dynamics within relationships, aiming to provide couples with tools to manage their finances harmoniously. It covers the personal challenges they faced, such as the impact of career changes and the dynamics of working together professionally.

Join us as we explore the importance of ongoing dialogue and mutual understanding in managing finances as a couple, ensuring both partners feel valued and empowered.

📺 Watch on YouTube

https://youtu.be/GNwHFY0T4Ho

Key Takeaways

00:02:00 - Douglas and Heather's Early Career and Financial Struggles

00:11:02 - Shift in Career Dynamics and Financial Contributions

00:15:33 - The Importance of Communication in Financial Relationships

00:30:14 - Growth and Success in Their Business

00:40:14 - Advice for Couples Considering Marriage

00:41:57 - Importance of Communication Over Financial Mechanics

Tweetable Quotes

"A global pandemic was not something we accounted for. Whatever we did to set up our financial life before then was no longer relevant to the world we live in now. It's a constant search for equity, balance, and communication to maintain a healthy relationship with money and each other."

"I grew up watching my father and grandfather as entrepreneurs, which baked into my DNA the understanding of money as a tool. This contrasted with Heather's experience, where money was a source of anxiety and not feeling in control."

"It's not just about how you merge your money the first time; it's about how you stay together over the decades. The real challenge is in how couples communicate about money, the autonomy they feel in spending, and how they value each other's contributions beyond financial earnings."

Guest Resources

Website - https://www.bonefidewealth.com

Douglas LinkedIn - https://www.linkedin.com/in/douglasboneparth

Douglas Instagram - https://www.instagram.com/dougboneparth/

Douglas Twitter - https://twitter.com/dougboneparth

Heather's Instagram - https://www.instagram.com/averagejoelle/

Heather's Twitter- https://twitter.com/averagejoelle

Mindful Money Resources

For all the free stuff at Mindful Money: https://mindful.money/resources

To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369

To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763

Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in

Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership

For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/

Website: https://mindful.money

Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe

🎙️

Podcast Production & Marketing by FullCast

Back to Podcast Homepage