Intimacy, Money, and Sex

When couples wed and even long after they are married, they often fail to talk about money, making it one of the last marital taboos. Not surprisingly, this can be a fatal error. As evidence, Mitchell Walker, author of a new personal finance book, points to a 2016 survey by Divorce Magazine, a leading internet source on divorce and separation topics, which found financial issues to be the No. 1 cause of divorce. In addition, American Express’ married customers have reported that 61 percent of their discussions on money turn into arguments.

“When you add together the inability to talk about money with problems of handling it, you have by far the largest cause of the destruction of marriages and relationships,” says Walker. “It is the 800 lb. gorilla in the bedroom that very few seem to be able to drive out.”

Fortunately, Walker says, couples can choose to put together a simple financial plan that will bring them together instead of driving them apart. Mitchell’s new book is designed to assist them. The PouchPlan Budget: The Simple Way to Find Hidden Money, Improve Your Life, and Build Wealth is based on his own extensive experience in business and as a husband and father in a blended family of seven.

He can share:

• The one question to ask yourself and your future spouse that determines a person’s financial personality (and future).
• 3 actions that can practically divorce-proof your marriage.
• How to give yourself a 10 percent raise in ten days.
• What it means to go from “ouch” to “pouch.”
• 5 things wealthy people do that you can do too.

Download a free PouchPlan spreadsheet https://pouchplan.com/ that allows you to easily and quickly divide your income and expenses into sections based on how and when each paycheck is spent.

About the author
Mitchell Walker is a former vice president of finance for a Berkshire Hathaway company who has owned or managed tax preparation businesses, restaurants, insurance agencies, car dealerships, and employment recruiting firms. He has served as a CFO of a community college and as a county commissioner and city councilman. Twenty-five years ago, when he was more than $100,000 in debt and had no assets, he dug his way out by discovering and refining The PouchPlan.

SOURCE Mitchell Walker