Women Obtaining Wealth: Premarital Financial Counseling: For Richer Or Poorer

I was in the car today listening to the Dave Ramsey radio show. I really love listening to people shouting that they are "debt-free" or pouring their hearts out about their particular financial situation.

Just before I was getting out the car I heard a young man's voice. He laid everything out for Mr. Ramsey. He was a young man; I believe 25 years old and newly married to his braid age 30. He knew she had a “bit” of debt. He himself came into the relationship with $10,000 in credit card debt and worked two jobs. The so-called "bit" of debt turned out to be a lot of debt. She is driving a Mercedes paying 19% in interest, $60,000 in credit card debt, and now out of a job.

Did he know how much debt she was really in before they married? No, he did not. He also admitted that his new bride did not want to sell her vehicle as he suggested and he was feeling overwhelmed by their financial situation.

Even though financial problems are in the top ten reasons why people get divorce, many couples do not discuss in detail how they will handle their finances or what their financial philosophy will be as they join together. When I talk to newly engaged couples most of the time they see many very differently. Make sure you asked the “soon to be” bride or groom if they have sat down with a financial counselor. If they say no, buy them a few sessions as a wedding gift. It will be the best investment you could ever make in the Newlyweds to be.

If you would like to hear more on this topic or others, on the Women Obtaining Wealth Talk Show that airs every Sunday night at 9:00pm EST, please let me know. Also if you are engaged or newly married, please share your story with the listening audience and myself. We would love to have you participate on the show. Send your story to: radioshow@womenobtainingwealth.com or join us by clicking on the website below.

Warm regards,

Dina Harbour, Extraordinaire
CEO & Host of Women Obtaining Wealth
Women Obtaining Wealth Organization
W.O.W. Internet Radio Show, Sundays @ 9p EST
Call-In # for show: (646) 478-5836

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