Married couples should combine all of their finances to foster depth and intimacy in their relationship.

“It's radical to say in today's world that when you get married you're one in every part of your life in your money when you're raising kids. I'm like that's why you choose to get married is to do life with someone right to like lock arms and be like I'm going to walk this life with you.”

Elizabeth intends to share financial responsibility with her partner instead of maintaining sole control.

“I want to share the financial responsibility with him.”

Dawn believes that combining their finances is necessary to avoid paying all the household bills herself and to alleviate her stress.

“I'd like to do our finances together so I don't pay all the bills myself and all the stress is on me.”

Ana wants to be more involved in financial decision-making and have Gabriel participate in their long-term financial planning.

“I would like for him to kind of know that stuff so that way he wouldn't have to come to me and ask like, "Hey, can I get this or I need work boots or whatever."”

Transitioning from individual financial management to a joint "we" approach is a significant but necessary adjustment for a successful partnership.

“It's been an adjustment thinking about we versus I. Uh, you know, I'm 36 years old now and every day of my life financially, it's been me me. How can I make sure that my financial future is okay today and how make sure my financial future is taken care of tomorrow”

Financial plans should be granular to allow for specific goal tracking, yet flexible enough to account for life's unexpected changes.

“there can be a tendency to over-optimize if you get too focused on one set goal at one set time and we want to ward against that. So that's something that we're going to need to make sure that you've got flexibility.”

Retirement income plans should be reviewed at least annually, or more frequently if there are significant changes to life circumstances or market conditions.

“I believe that people should revisit their retirement income plan, at least on a yearly basis. Think of it as like your annual financial checkup, but more frequently if life circumstances or market conditions change.”

Financial planning is an ongoing process that requires regular review and adjustments rather than being a one-time event.

“So I think one of the things maybe you haven't looked at your plan in a long time, or you could be in a place where the last time you looked at it, your life was in a different place too. So I think one thing to note is that it's not a one time thing. Oh, I met with a financial professional 10 years”

Entrepreneurs should regularly communicate with their financial advisors and maintain organized accounting systems to build assets and make informed decisions.

“It is not only important to have someone who can advise you, but also to go to that person, because it is useless to have an advisor, an accountant, if you do not communicate with that person.”

It is necessary to maintain a small safety net before investing while paying off debt.

“you need to have what Josh said in the previous question the five hundred to a thousand dollar safety net that should be goal number one before you invest in anything that's for sure”

Individuals should pay off all debt before focusing on long-term retirement investments.

“you don't want to contribute a bunch of money into a 401 K or a 403 B or a Roth IRA or anything like that what you want to do right now is pay off your debt”