Thursday, January 17, 2013

Book Review: The 5 Money Personalities

My Take
This is a great read, a book that would have been pretty useful seventeen and a half years ago. We learned the hard way, by getting into debt as a newly married coupled. Fortunately we found our way out with a ton of hard work and diligence. It would have been easier by far, with this book as a tool.
“Speaking the Same Love and Money Language”
That got my attention immediately when I opened the package this book was delivered in. That is so essential in any successful relationships/marriages, Right?
I really appreciated identifying what my Money Personalities are. I am a Spender and a Flyer/Security Seeker. I love to spend it like we have got it, but enjoy the fact that we have a plan and have several things in place to fulfill our/His plan. It’s all really His, we are just stewards of it.
With out stating my thoughts on what Brenda’s Money Personalities are (because the book emphatically suggests that you don’t label your spouse, let them identify their own Money Personalities), without her I would most definitely not have a pot to…well, two pennies to rub together. She is my Rock!!
Another great quote from between the covers:
“We can hand them a budget that’s airtight, but if they don’t know how to communicate with each other, if they don’t know how to work together as they live within that budget, then it doesn’t matter how nice their plans are. Their relationship will sink.”
Communication, it’s so very, very important in relationships.
Some of the book was hard to read, because it just doesn’t pertain to us and our relationship. It delved into detail regarding financial infidelity, which I just can’t wrap my head around, but i ultimately understand why it’s in the book. I’m glad I can’t relate…
Anyways, this book is well worth the read, especially for a newly married couple or a couple planning on getting married and possibly starting a family.
From the Publisher: About The 5 Money Personalities
The hidden key to a healthy relationship is not just managing money but understanding how the other approaches money.
Every couple argues about money. It doesn’t matter if you’ve been married for 40 years or dating for 4 months, money touches every decision you make as a couple—from the $5 cup of coffee to the $50,000 car. And when the two of you don’t see eye-to-eye on how much to spend or how much to save, that’s when arguments turn into ugly toxic fights that leave both persons feeling hurt and angry. It’s why money has become the #1 cause of divorce in the U.S. Obviously, something needs to change. The reason this crisis has not been addressed is because it has never been identified, defined, or given a name. Scott and Bethany Palmer, aka “The Money Couple,” have identified and defined this problem and offer concrete solutions to fix it.
Once you know your Money Personality, you can get to the root of money arguments and start really working together. You’ll discover what has an impact on your loved one’s money decisions, and you’ll learn how to talk about money in a way that’s actually fun! You’ll figure out how to put an end to money secrets and lies once and for all.
It’s not just about money management, and it’s definitely not just about overcoming debt. It is a whole new way of living that will change everything in your relationship. Tens of thousands have already been transformed. Are you ready?
About Scott & Bethany Palmer
"The Money Couple", have dedicated their lives to helping others strengthen their relationships with the 5 Money Personalities. With 43 years of combined financial planning experience, they launched "The Money Couple" and are regulars on national TV and radio and speak internationally about love and money. Scott and Bethany enjoy an active lifestyle in Colorado with their two young sons, Cole and Cade.
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Thanks for taking time out of your day and reading my review of this book. Have blessed rest of the work week and weekend!!

* Material Connection Disclaimer: I received this music from FlyBy Promotions to provide a review on my blog. Stated above are my opinions and mine alone. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”

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