The Q&A Forum #6

Welcome back! This is the last video in our Q&A series where you get to ask us your money questions.

In this episode David from Christchurch, NZ, asks, “What is the best way to pay myself from my business?”

Then Anne from Perth, Australia, wants to know how much of her income should she allocate to paying off debt.

Did you miss out on sending us your question?

No problem, if you still have a question for us, send it to hello@moneymentalist.com and we will be happy to answer it for you.

See you in our next series!

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The Q&A Forum #4

Welcome to the 4th video in our Q&A series where you get to ask the questions.

Today the two questions are from Susan and Jeff.

Susan asks, – I’ve paid off all my debt, now what?

Jeff asks, – My income keeps going up but I don’t have anything left over and I’m not any happier. What’s going on?

Send us any question you have, nothing is too small and don’t even think about it being silly!

We answer all questions by email, whether we cover them here in this video series or not. Send to hello@moneymentalist.com

The Other Side of Financial Infidelity

financial infidelity

We’ve read the stories in the media about financial infidelity where one partner has run off with the couple’s life savings, or has mortgaged the house without their partner’s knowledge to pay a tax bill.  That is, until the bailiff comes knocking.

The other week, calls to a morning radio show around financial infidelity were hilarious – you had to laugh otherwise you would have cried! Continue reading

Keeping Up With the Joneses

keeping up with the Joneses

Conspicuous spending or Keeping up with the Joneses and using money as a status symbol, used to be thought of as the prerogative of the rich and famous. Well not anymore.

Why do we feel the need to be keeping up with the Joneses?  We see it frequently with clients, “We couldn’t possibly cancel the holiday, it simply wouldn’t look good.”

So what!  What is more important looking good or staying afloat financially?  Well, it seems for many people, it is looking good in the eyes of others. Continue reading

New Relationships and The Money Conversation

money conversation

Lynda was presenting at a women’s conference recently about Money and Mindset.  At the end of the presentation she was asked this question, “my daughter is in a new relationship, when she should talk to the new boyfriend about money?”

“As soon as possible!!” she said.

Just let me clarify.  You certainly wouldn’t talk about your financial situation or expectations on a first or maybe even your sixth date!  But once the toothbrush starts moving and you are planning further ahead than just the movies or dinner next week, the relationship is looking a little more serious. Continue reading

Do You and Your Partner Fight Over Money?

fight over money

Research has shown that around 70% of all relationship breakups are contributed to money.  Lack of trust and communication are at the heart of both issues.

OK, this is not a particularly nice subject but it is reality.  And with a little bit of forethought couples can avoid this disaster. Continue reading

Financial Abuse

financial abuse

When we think of financial abuse the picture that pops into your mind is probably the same as mine; the elderly person with over aggressive family members (or carers) forcing them to hand over their savings and leaving them with nothing.

This does happen, unfortunately it features in the media all too often.  But there is also another, maybe even darker type of financial abuse happening and that’s to intelligent women (~70% of financial abuse cases are women).   They are left with nothing because their partners have financially abused them and left. Continue reading