From Amazon
Smart Couples Finish Rich is about more than the basics of investing. It's also about the basics of life planning, and author David Bach teaches couples how to chart a course together. The principles set out in Bach's bestselling Smart Women Finish Rich can work for couples too--and perhaps help a few fractious marriages along the way. The author urges readers to examine their values and put what matters in their lives first. He then offers simple techniques for setting out specific, detailed goals that will help readers achieve security, a comfortable retirement, and perhaps the realization of a dream such as owning a vacation home or having time to participate in charity work.
Bach acknowledges that life's tribulations can be difficult. But he points out that it's still worth the effort to try to overcome those challenges: "It takes just as much effort to have a 'bad life,' in which you don't get what you want, as it does to have a 'good life,' where you do. So, given the choice, why not go for the good life?" Bach's style is conversational and his text comes alive with anecdotes about couples who have transformed their lives. Many who read it are likely to find the tools and inspiration to do the same. --Carolyn Leitch
From Publishers Weekly
Bach, author of the bestselling Smart Women Finish Rich and host of a popular PBS series, offers his advice on how couples can keep their financial lives in sync. Familiar financial strategies on routine concerns, such as investments, retirement and insurance, form the bulk of the book. However, Bach's work does distinguish itself in one critical area: Bach believes that all couples (gay and straight, married and unmarried) need to identify values as well as goals as their first step toward achieving financial security. As he explains, values have to do with "being" (e.g., security, health, spirituality, fun), while goals are related to "doing" and "having" (e.g., playing golf regularly, taking frequent vacations, retiring with a million dollars). Moreover, he avers, not only is money management an issue that couples should plan and work on together, it is one that they should talk about, in a positive way, all the time. For example, Bach firmly believes that all couples need to be aware of their spending (what he calls the "latt‚ factor," or being more conscious of the regular little purchases they make each day) in order to make positive changes in their financial lives. Agent, Jan Miller. (On-sale date: Mar. 6)Forecast: Given Bach's previous success and the support of a five-city author tour and 22-city radio satellite tour, this book will quickly move toward bestseller lists, though its ho-hum approach doesn't mark it as a future evergreen paperback.
Copyright 2001 Cahners Business Information, Inc.
--This text refers to the Hardcover edition.From Booklist
Most books on personal finance now emphasize the need to assess the true purpose of money in one's life. This is difficult enough to do for oneself. For couples, though, it can be disastrous when mates discover that their attitudes about money do not mesh. Bach, who is the author of Smart Women Finish Rich: 7 Steps to Achieving Financial Security and Funding Your Dreams (1999), reports that fights about money are the main reason couples divorce in the U.S. Bach asks readers to examine their values jointly and shows the benefit of "align[ing] spending habits with . . . values." He emphasizes saving and makes a key point that when couples save together, the rewards are compounded. Bach then offers the "three-basket" approach to personal money management, recommending that money be set aside for retirement, security, and transforming dreams into reality. He concludes by identifying some of the "most glaring financial mistakes couples make" and offering specific techniques for "growing your income by 20%" during the next year. David Rouse
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.
Review
"Smart Couples Finish Rich teaches women and men to work together as a team. Powerful, yet easy to understand. "--Robert T. Kiyosaki, author of Rich Dad, Poor Dad
--This text refers to the
Audio CD
edition.
Book Description
Canadian Edition, revised and updated
From first-time newlyweds to people on their second marriage, couples face an overwhelming task when it comes to money management. Internationally renowned financial advisor and bestselling author David Bach knows that it doesn’t have to be this way. In Smart Couples Finish Rich, he provides couples with easy-to-use tools that cover everything from credit-card management to investment advice to long-term care. From this updated, newly revised Canadian edition, couples will learn how to work together as a team to identify their core values and dreams, and to create a financial plan that will allow them to achieve security, provide for their family’s future financial needs, and increase their income.
From first-time newlyweds to people on their second marriage, couples face an overwhelming task when it comes to money management. Internationally renowned financial advisor and bestselling author David Bach knows that it doesn’t have to be this way. In Smart Couples Finish Rich, he provides couples with easy-to-use tools that cover everything from credit-card management to investment advice to long-term care. From this updated, newly revised Canadian edition, couples will learn how to work together as a team to identify their core values and dreams, and to create a financial plan that will allow them to achieve security, provide for their family’s future financial needs, and increase their income.
From the Publisher
"Smart Couples Finish Rich is a must-read for couples. Bach is a great financial coach. He knows how to bring couples together on a topic that often divides them" -- John Gray, author of Men Are from Mars, Women Are from Venus
From the Back Cover
“Smart Couples Finish Rich is a must-read for couples. Bach is a great financial coach. He knows how to bring couples together on a topic that often divides them.” -- John Gray, author of Men Are from Mars, Women Are from Venus
"David Bach is one expert to listen to when you're intimidated by your finances. His easy-to-understand program will show you how to afford your dreams." -- Anthony Robbins, author of Awaken the Giant Within
"David Bach is one expert to listen to when you're intimidated by your finances. His easy-to-understand program will show you how to afford your dreams." -- Anthony Robbins, author of Awaken the Giant Within
About the Author
David Bach is the host of his own PBS television special in the U.S. and is widely recognized as one of America’s leading financial advisors and educators. Bach’s investment principles are taught internationally by thousands of financial advisors through his Smart Women Finish Rich™ and Smart Couples Finish Rich™ seminars, which are now available across Canada in over 100 cities.
Excerpt. © Reprinted by permission. All rights reserved.
Introduction
WHY SMART COUPLES ARE TAKING CONTROL OF THEIR FINANCIAL FUTURE
I’ll never forget the first fight I had with my wife Michelle over money. We were just back from our honeymoon, and the bliss of getting married was still in the air. Our new apartment looked great. We were incredibly excited to be starting our lives together.
As Michelle began to unpack, I sat down at the kitchen table and started sorting through the mail. Since we’d been gone almost two weeks, there was a lot to go through. I began separating the important stuff from the junk mail, taking the bills that needed to be paid and placing them in piles. Nice, neat organized piles. In my mind, this bill-paying stuff would clearly be a non-issue. After all, both Michelle and I were financial professionals. I managed money for hundreds of couples; she helped corporate executives trade restricted stock. What’s more, I’d spent the last five years teaching classes on financial management and had just started writing a book on money for women. Paying our bills and managing money as a couple were bound to be a breeze.
Neat and Simple?
As I sorted out the bills, I created a "David" pile and a "Michelle" pile. This was going to be so easy. I’d pay my bills (like my car payments and my cell phone) and Michelle would pay her bills (like her car payments and her cell phone). We’d split the household bills, which meant we needed a "we" pile. And . . . hmmm . . . who pays the insurance bills? Well, we’ll figure that out. Maybe we also need a "to be discussed" pile. Let’s see, that’s four piles.
Oh, here’s a bill for the cleaning lady. I guess that could go in our "we" pile. But what about this American Express bill with all the honeymoon expenses on it? Well, the card’s in my name, and I guess it’s pretty much the guy’s job to pay for the honeymoon, so that should probably go in the "David" pile. Dry-cleaning? Well, even though we now get our dry-cleaning done at the same place, the account is in my name, so I guess I can pay it. Let’s see – how much does this cost? No way . . . this can’t be right! How could my dry-cleaning bill have tripled in a month?
Michelle was in the bedroom organizing her closet. "Honey," I yelled to her, "do you know they charge $7 to dry-clean one of your sweaters? How can it cost so much to dry-clean women’s clothing? And do you know you had them dry-clean seven sweaters this month? This is insane. We’re going to have to get two dry-cleaning accounts, because I’m not paying these ridiculous prices for you."
Michelle stopped what she was doing and came into the kitchen. "Of course I know it costs $7 to dry-clean a sweater," she said. She looked down at my nice, neat piles of bills. "Hey, what’s with all this?" she asked.
I grinned up at her. "Oh," I said, "I’m getting things organized. I’m separating our bills to see who pays what."
Michelle looked at me a little strangely. "Honey, you don’t need to waste your time doing that. This is going to be easy. We are going to put all of our money in a joint chequing account and pay everything together."
"We are?"
"Of course we are. We’re married now, we love each other, and from now on everything we have is one and everything we do as one."
"Well, actually," I said, "that’s not exactly what I had in mind." Sensing a little tension, I quickly added, "In the beginning at least, I think it might be easier if we sort of split this stuff up."
"But David," Michelle replied, "you make more and spend more than I do. You can’t expect us to just split all these bills down the middle."
"Well, no, of course not,"I said. "I thought I’d sort of split them up in a way that’s fair."
"Well, what’s fair?"
Good point, I thought. "Well, I need to think that through."
Michelle shook her head. "No, you don’t. I’ll tell you what’s fair. What’s fair is that we put all our money in one account and pay all the bills out of this account."
Something’s Not Working
Fast-forward a few months. Michelle and I still hadn’t totally agreed on who was responsible for paying what. Unfortunately, the bills kept arriving, just like clockwork, every 30 days. Only now they were starting to get paid late (and, as a result, we were getting hit with late fees).
Upset about all the money we were wasting on late fees, I began freaking out and blaming Michelle for the problem. In turn, she was telling me it was all the fault of my stupid "pile system." Needless to say, what we were doing wasn’t working. And rather than sorting itself out, the problem was only getting worse. Instead of sitting down and discussing how we might reconcile our clearly different attitudes about handling money into one simple system that worked for both of us, we were running on "assumptions."I was assuming Michelle knew how I wanted our money to be managed, and she was assuming I knew what she wanted to do. We were each assuming the other was paying certain bills. We weren’t on the same page – and the consequences were that this "money stuff"was creating more stress than it should.
The Good News
Eventually, Michelle and I did come up with a system to manage our finances together. As a result, I’m happy to report that things are much, much better for us on the money front. We now work together on our finances and, instead of making assumptions about how the other one feels, we put our heads together and bounce ideas off each other. In short, we’ve learned to make a priority of discussing our finances and planning our financial goals and dreams together. Doing this changes everything: It ends the fights and it focuses the energy of a relationship on the positive instead of the problems.
Looking back, it’s not surprising that as newlyweds Michelle and I had a hard time figuring out how to handle our finances. Even though we both had financial backgrounds, we had never taken a class or gotten any coaching about how to manage money as a couple. As a result, neither of us had ever thought about how different things become when you go from being two single people managing your money separately as individuals to a couple managing your money together.
Needless to say, what Michelle and I went through was hardly unique. Most couples have never been taught how to plan their financial future together. As a result, most couples rarely talk about money . . . unless they are fighting about it. My goal with this book is to change that. Having been a financial advisor for nearly 10 years, and a husband now for five, I’m happy to report that it’s both possible and fun to become a Smart Couple Who Finishes Rich. The key to being able to "win financially" is learning how to take the right actions in the right order. It’s really not difficult at all – especially when you do it together as a couple.
In this book, we’re going to work on how the two of you, as a couple, can both talk about and handle your money in a smart way. Whether you’re just starting out or are well into midlife, whether this is your first marriage or your fourth, this book will show you how to get your financial goals and your personal values in synch so they – and the two of you – can work together to make your dreams a reality! What’s more, if you have financial fears – and most people do – you will learn how to address and overcome them as a couple.
WHY SMART COUPLES ARE TAKING CONTROL OF THEIR FINANCIAL FUTURE
I’ll never forget the first fight I had with my wife Michelle over money. We were just back from our honeymoon, and the bliss of getting married was still in the air. Our new apartment looked great. We were incredibly excited to be starting our lives together.
As Michelle began to unpack, I sat down at the kitchen table and started sorting through the mail. Since we’d been gone almost two weeks, there was a lot to go through. I began separating the important stuff from the junk mail, taking the bills that needed to be paid and placing them in piles. Nice, neat organized piles. In my mind, this bill-paying stuff would clearly be a non-issue. After all, both Michelle and I were financial professionals. I managed money for hundreds of couples; she helped corporate executives trade restricted stock. What’s more, I’d spent the last five years teaching classes on financial management and had just started writing a book on money for women. Paying our bills and managing money as a couple were bound to be a breeze.
Neat and Simple?
As I sorted out the bills, I created a "David" pile and a "Michelle" pile. This was going to be so easy. I’d pay my bills (like my car payments and my cell phone) and Michelle would pay her bills (like her car payments and her cell phone). We’d split the household bills, which meant we needed a "we" pile. And . . . hmmm . . . who pays the insurance bills? Well, we’ll figure that out. Maybe we also need a "to be discussed" pile. Let’s see, that’s four piles.
Oh, here’s a bill for the cleaning lady. I guess that could go in our "we" pile. But what about this American Express bill with all the honeymoon expenses on it? Well, the card’s in my name, and I guess it’s pretty much the guy’s job to pay for the honeymoon, so that should probably go in the "David" pile. Dry-cleaning? Well, even though we now get our dry-cleaning done at the same place, the account is in my name, so I guess I can pay it. Let’s see – how much does this cost? No way . . . this can’t be right! How could my dry-cleaning bill have tripled in a month?
Michelle was in the bedroom organizing her closet. "Honey," I yelled to her, "do you know they charge $7 to dry-clean one of your sweaters? How can it cost so much to dry-clean women’s clothing? And do you know you had them dry-clean seven sweaters this month? This is insane. We’re going to have to get two dry-cleaning accounts, because I’m not paying these ridiculous prices for you."
Michelle stopped what she was doing and came into the kitchen. "Of course I know it costs $7 to dry-clean a sweater," she said. She looked down at my nice, neat piles of bills. "Hey, what’s with all this?" she asked.
I grinned up at her. "Oh," I said, "I’m getting things organized. I’m separating our bills to see who pays what."
Michelle looked at me a little strangely. "Honey, you don’t need to waste your time doing that. This is going to be easy. We are going to put all of our money in a joint chequing account and pay everything together."
"We are?"
"Of course we are. We’re married now, we love each other, and from now on everything we have is one and everything we do as one."
"Well, actually," I said, "that’s not exactly what I had in mind." Sensing a little tension, I quickly added, "In the beginning at least, I think it might be easier if we sort of split this stuff up."
"But David," Michelle replied, "you make more and spend more than I do. You can’t expect us to just split all these bills down the middle."
"Well, no, of course not,"I said. "I thought I’d sort of split them up in a way that’s fair."
"Well, what’s fair?"
Good point, I thought. "Well, I need to think that through."
Michelle shook her head. "No, you don’t. I’ll tell you what’s fair. What’s fair is that we put all our money in one account and pay all the bills out of this account."
Something’s Not Working
Fast-forward a few months. Michelle and I still hadn’t totally agreed on who was responsible for paying what. Unfortunately, the bills kept arriving, just like clockwork, every 30 days. Only now they were starting to get paid late (and, as a result, we were getting hit with late fees).
Upset about all the money we were wasting on late fees, I began freaking out and blaming Michelle for the problem. In turn, she was telling me it was all the fault of my stupid "pile system." Needless to say, what we were doing wasn’t working. And rather than sorting itself out, the problem was only getting worse. Instead of sitting down and discussing how we might reconcile our clearly different attitudes about handling money into one simple system that worked for both of us, we were running on "assumptions."I was assuming Michelle knew how I wanted our money to be managed, and she was assuming I knew what she wanted to do. We were each assuming the other was paying certain bills. We weren’t on the same page – and the consequences were that this "money stuff"was creating more stress than it should.
The Good News
Eventually, Michelle and I did come up with a system to manage our finances together. As a result, I’m happy to report that things are much, much better for us on the money front. We now work together on our finances and, instead of making assumptions about how the other one feels, we put our heads together and bounce ideas off each other. In short, we’ve learned to make a priority of discussing our finances and planning our financial goals and dreams together. Doing this changes everything: It ends the fights and it focuses the energy of a relationship on the positive instead of the problems.
Looking back, it’s not surprising that as newlyweds Michelle and I had a hard time figuring out how to handle our finances. Even though we both had financial backgrounds, we had never taken a class or gotten any coaching about how to manage money as a couple. As a result, neither of us had ever thought about how different things become when you go from being two single people managing your money separately as individuals to a couple managing your money together.
Needless to say, what Michelle and I went through was hardly unique. Most couples have never been taught how to plan their financial future together. As a result, most couples rarely talk about money . . . unless they are fighting about it. My goal with this book is to change that. Having been a financial advisor for nearly 10 years, and a husband now for five, I’m happy to report that it’s both possible and fun to become a Smart Couple Who Finishes Rich. The key to being able to "win financially" is learning how to take the right actions in the right order. It’s really not difficult at all – especially when you do it together as a couple.
In this book, we’re going to work on how the two of you, as a couple, can both talk about and handle your money in a smart way. Whether you’re just starting out or are well into midlife, whether this is your first marriage or your fourth, this book will show you how to get your financial goals and your personal values in synch so they – and the two of you – can work together to make your dreams a reality! What’s more, if you have financial fears – and most people do – you will learn how to address and overcome them as a couple.
From AudioFile
The author of SMART WOMEN FINISH RICH taps his experience and perky personality to help couples manage their money. He covers spending, investing, and the habits you need to do both wisely and speaks with wisdom about the importance of clarifying personal values before starting a financial plan. By focusing on who they are, instead of what they do or what they have, a couple can tap into a powerful force that will guide their activities to be consistent with what they believe. With many clever questions and challenges, this is a delightful resource that will really make you think about where you and your partner are going financially. T.W. © AudioFile 2002, Portland, Maine-- Copyright © AudioFile, Portland, Maine
--This text refers to an out of print or unavailable edition of this title.
