Brian Madeleine of Madeleine Financial Coaching joins the show this week to talk about a shift in his client base towards couples needing help with debt and financial organization. He and Austin emphasize the impact of recent economic challenges, such as inflation, on people’s financial habits and stress levels, highlighting the necessity for regular financial check-ins and effective communication within relationships.
Austin and Brian discuss the difficulty couples face in managing finances amidst busy schedules and economic pressures, and agree that despite the challenges, open communication and shared responsibility are crucial for achieving financial stability and success.
Key Points and Quotes Highlighted:
- Importance of Communication: Austin and Brian emphasize the critical role of regular financial check-ins and open communication within relationships to effectively manage money, reduce financial stress, and ensure both partners are on the same page.
- Setting Short-Term Goals: They discuss the necessity of setting short-term financial goals, focusing on immediate priorities to build momentum and confidence, which helps couples and individuals regain control over their finances and work towards long-term stability.
- Resisting Societal and Peer Pressure: The speakers discuss the pervasive influence of societal expectations and peer pressure, especially concerning material possessions and lifestyle choices. They stress the importance of making decisions based on personal priorities and future goals rather than trying to keep up with others.
“If you are not able to control where your money is going, no matter how much you make, you’re never going to be able to get out of that financial strain.”
“Money is personal, money is emotional, and it affects every area of our life. So no matter what happens, you’re going to have to deal with financial decisions, financial challenges, financial successes.”
“Life happens, and I think not only is it the busyness of everyone’s lifestyle, but people are scared right now. It’s important to have those conversations as much as possible, even if it’s 10 or 15 minutes here and there.”
“We lose sight of being in control of our life whenever our life starts to control us.”
“The only person that we need to compare ourselves to is who we want to be 5, 10 years from now.”
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