Mindful Money 105: Heather and Douglas Boneparth - From Corporate to Co-Founders: The Journey to Financial Collaboration
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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.
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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
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