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Money & Relationships: SHOULD MARRIED COUPLES HAVE SEPARATE BANK ACCOUNTS? · Earn Your Leisure

• 0:00
  Speaker 1: Money and relationships. How should money... Because you know, the
• 0:03
  Speaker 1: thing about money is that money is a tool, right?
• 0:08
  Speaker 1: And it can be used to build or to destroy.
• 0:14
  Speaker 1: And money is one of the biggest factors in divorces.
• 0:19
  Speaker 2: Is it? Well, yeah. True.
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  Speaker 1: So money and relationships. What's the role of money and relationships? Like,
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  Speaker 1: how do you think.
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  Speaker 1: Money should be utilized, talked about? When do you start
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  Speaker 1: the conversation? Because this is a lot of awkward moments
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  Speaker 1: that people don't really have.
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  Speaker 2: Why is it awkward, though?
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  Speaker 1: Because nobody likes to talk about money.
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  Speaker 2: Why? Well, I do. I do. I think you got
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  Speaker 2: to have uncomfortable conversations.
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  Speaker 1: Early in a relationship?
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  Speaker 2: Man, if I'm, yeah.
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  Speaker 3: If I think we're going to end up in a relationship,
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  Speaker 3: we got to have that conversation early and often.
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  Speaker 2: What's your dream? What's your vision?
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  Speaker 3: What business can we build together? Are you investing? Are
• 1:02
  Speaker 3: you a spender? Are you a saver? You got to
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  Speaker 3: have them tough conversations in the beginning. Do you think
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  Speaker 3: that a woman's role is to work or stay home?
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  Speaker 3: You have those kinds of conversations?
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  Speaker 2: Absolutely.
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  Speaker 3: And I don't think a woman should work outside of
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  Speaker 3: the castle. You can't be in my castle and go
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  Speaker 3: work for another king. But you also got to provide
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  Speaker 3: a motherfucking castle, first and foremost. So you got to
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  Speaker 3: work in the business or have your own.
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  Speaker 1: Okay, this is interesting. So you don't want your girl
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  Speaker 1: or wife working for anyone else?
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  Speaker 2: No.
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  Speaker 1: Because it.
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  Speaker 3: Because you're helping somebody else build their empire. And if
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  Speaker 3: I'm going to take care of everything, then help me
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  Speaker 3: build what's here. That's also another sign of like, do
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  Speaker 3: you also believe in division a thousand percent? What the
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  Speaker 3: fuck are you going to Goldman for if I got this?
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  Speaker 3: And They ain't find you. I took 11 trips off
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  Speaker 3: Red Bandit. I didn't take 11 off Goldman on accident.
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  Speaker 3: So y'all can see all that. It's giving broke because
• 2:04
  Speaker 3: he said, fly yourself out.
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  Speaker 2: Like, como playa capo por te fino. What y'all talking about? What?
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  Speaker 2: Big as the what? Nah. Nah. Working south of the castle.
• 2:16
  Speaker 2: Working south of the castle.
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  Speaker 1: Stylus, everything. Bags, everything.
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  Speaker 2: What we talking about?
• 2:23
  Speaker 1: So if they want to work, then they should be
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  Speaker 1: working Either.
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  Speaker 2: Have your own business or work inside of the empire.
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  Speaker 1: Is that a deal breaker for you?
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  Speaker 2: Unless you're grossing more than I'm grossing you.
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  Speaker 1: Hmm. Interesting.
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  Speaker 2: I wish a motherfucker would tell me, like, I can't
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  Speaker 2: go somewhere because my boss at Chick-fil-A said I can't go. Bitch,
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  Speaker 2: how about that building? Come. What are you talking?
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  Speaker 3: No.
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  Speaker 2: Add some value here.
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  Speaker 1: What? But for the average person that doesn't own their
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  Speaker 1: own business or is not financially sturdy enough to pay
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  Speaker 1: for their spouse, the average person, right?
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  Speaker 3: Get in a position where you can so your girl
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  Speaker 3: don't go dance on Amelie. Now we want to talk,
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  Speaker 3: we want to talk. His swag was off anyway. That
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  Speaker 3: little dusty hand shirt he had on, boy, no haircut.
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  Speaker 2: I said, boy, you.
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  Speaker 1: And he had a bird anyway.
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  Speaker 2: Let that go be at the zoo.
• 3:23
  Speaker 1: You know, Brooklyn.
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  Speaker 3: But for the average person, you got to have a
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  Speaker 3: conversation and say, here's where I want to get to
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  Speaker 3: in two years. And I always say, if you have
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  Speaker 3: to ask your girl, does she believe in a vision?
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  Speaker 3: Like you said, some things, if you asking her, she
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  Speaker 3: don't believe.
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  Speaker 2: Don't believe. You got to get you someone who willing
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  Speaker 2: to build. And that's why you just can't pick off
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  Speaker 2: looks or vibe or who not will.
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  Speaker 3: Like my homegirl, Foxy, tell me all the time, like
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  Speaker 3: you got to get somebody who's also going to invest
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  Speaker 3: in you.
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  Speaker 2: You got to be able to put something in. You
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  Speaker 2: want to, fly around and have fun and all this
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  Speaker 2: access that I built. All right, that's cool.
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  Speaker 3: But what are you going to pour into this to
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  Speaker 3: keep this shit sustainable and keep it going?
• 4:01
  Speaker 1: No, for sure. I agree.
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  Speaker 2: Yeah.
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  Speaker 1: I agree.
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  Speaker 3: I know I may have said it gruff, but that's
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  Speaker 3: for entertainment purposes, you know?
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  Speaker 1: Yeah.
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  Speaker 2: Okay.
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  Speaker 1: So even, so your kids, cause we thought of this before.
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  Speaker 1: I just felt like, so how you feel about your
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  Speaker 1: kids working a job? Um, I mean, if he wants
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  Speaker 1: to cool, I think life will be that out of
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  Speaker 1: him anyway, though. But I also to like, I just
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  Speaker 1: got a very interesting viewpoint of seeing like what we've
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  Speaker 1: been able to build. They don't want to like Xander
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  Speaker 1: don't want to go.
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  Speaker 3: Work at Zaxby's or wherever. Like he's seeing what we're
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  Speaker 3: able to create. And then also invested for him. Like
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  Speaker 3: Xander has been able to see me like grow. He
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  Speaker 3: has his own money. He sees what is in the account.
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  Speaker 3: Like now he's all in on basketball. I'm like, whatever
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  Speaker 3: you want to do, just be great at that. Um,
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  Speaker 3: So I think we should push our kids to be
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  Speaker 3: the best that they want to be, whatever.
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  Speaker 2: They choose to be.
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  Speaker 3: But you can't push your kid to be great at
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  Speaker 3: something if you're not doing it yourself.
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  Speaker 1: I feel like kids, if you're building a business, the
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  Speaker 1: first option should be the kid that works in your business.
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  Speaker 2: Absolutely.
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  Speaker 1: Now, if they want to just go off and do
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  Speaker 1: something random on their own, you can't control it.
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  Speaker 2: Work at GameStop. Yeah, you can't control that.
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  Speaker 1: But it's embarrassing.
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  Speaker 2: Big facts.
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  Speaker 1: It's embarrassing. It's like, man, I had to tell that
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  Speaker 1: to my son. Why would you do that? Why are
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  Speaker 1: you doing that? Why would you want to do that?
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  Speaker 3: You got to have them hard talks and got them.
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  Speaker 3: You got an opportunity to do this.
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  Speaker 1: Because oftentimes it's just like you might get influenced by
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  Speaker 1: friends or different situations, but it's like if your father
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  Speaker 1: has sacrificed everything to have something Well, that should be
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  Speaker 1: your first thing, right? You should just at least ask.
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  Speaker 3: Yeah.
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  Speaker 1: It might not be an opportunity for you, but just ask.
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  Speaker 2: Yeah.
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  Speaker 3: But I think the parents also have to make provision
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  Speaker 3: for them to teach them early so that they can
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  Speaker 3: work in the business. Because I think a lot of
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  Speaker 3: times parents wait too late and put so much time
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  Speaker 3: into the business. The kid's 14, 15. I'm like, well,
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  Speaker 3: you didn't teach him nothing from five to 14.
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  Speaker 1: Yeah.
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  Speaker 3: Like you got to make the time for them to
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  Speaker 3: have the time to help build them.
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  Speaker 2: So.
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  Speaker 1: But as far as relationships, when I was a financial advisor,
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  Speaker 1: I used to talk to couples all the time. I
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  Speaker 1: think you start the conversations early in dating process as
• 6:23
  Speaker 1: far as what's your views on entrepreneurship? How's your credit?
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  Speaker 1: Have you invested? Are you into investing? These are conversations
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  Speaker 1: that you have to have because there's a lot of
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  Speaker 1: different things that you have to be compatible with.
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  Speaker 2: Absolutely.
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  Speaker 1: You have to be compatible with somebody as far as
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  Speaker 1: their personality. You have to be sexually compatible with somebody,
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  Speaker 1: but you also have to be financially compatible with somebody.
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  Speaker 1: And that's not talked about enough. Like a lot of
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  Speaker 1: times we're not financially compatible with somebody and we never
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  Speaker 1: really even know that until it's too late. Until you're
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  Speaker 1: like married and it's like, oh damn. Cause that's, it's irritating.
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  Speaker 1: If you with somebody and they're not paying their bills
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  Speaker 1: on time or they always late to do stuff or
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  Speaker 1: they never, they never want to save any money. And
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  Speaker 1: it's like, that's, it's annoying. Yeah.
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  Speaker 3: Um so what questions should you ask to know if
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  Speaker 3: you guys are financially compatible.
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  Speaker 1: All those things like you know as far as what's
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  Speaker 1: your views on on saving money right do you invest
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  Speaker 1: into your 401k you save for your retirement have you
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  Speaker 1: invested in money into the stock market um are you
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  Speaker 1: interested in in real estate what do you want to
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  Speaker 1: buy a home or do you want to rent yeah
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  Speaker 1: um what's your what's your credit score have you worked
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  Speaker 1: on getting a better credit score like These conversations that
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  Speaker 1: we have all the time on these platforms, Market Mondays
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  Speaker 1: or Earn Your Leisure, right? And not to say that
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  Speaker 1: somebody has to be perfect. They don't have to have
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  Speaker 1: like a non-800 credit score. They don't have to have
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  Speaker 1: a million dollars in the stock market. They can have
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  Speaker 1: a bad credit, but they might be interested. Like, well,
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  Speaker 1: I haven't started investing yet, but I've been watching Market
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  Speaker 1: Mondays and I've been saving my money and I want
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  Speaker 1: to start next year. I'm going to start putting $ 100
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  Speaker 1: to the stock market. I'll let you know that they
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  Speaker 1: got the right mindset. Or as opposed to them saying,
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  Speaker 1: investing is a scam. I ain't doing none of that.
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  Speaker 1: I'm not saving no money. I'll put my money under
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  Speaker 1: the mattress. And that doesn't make them a bad person.
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  Speaker 2: It's not a good thing.
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  Speaker 1: But it might not be financially compatible with you. Because
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  Speaker 1: it's like, the worst thing you could do is be
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  Speaker 1: in a relationship with somebody and they're completely opposite. That
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  Speaker 1: shit sucks, yo. It's like now you're a parent. You
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  Speaker 1: got to remind them to pay their bills.
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  Speaker 2: Yeah.
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  Speaker 1: Because they always forget to pay their bills and then
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  Speaker 1: they're always late. You got to put money away from
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  Speaker 1: them because they don't, you got to take money out
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  Speaker 1: of their paycheck and save it for them.
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  Speaker 2: Right?
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  Speaker 1: Like these are things that I think you just got
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  Speaker 1: to be. And that one bank account for two people
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  Speaker 1: shit is the dumbest thing I've ever heard of.
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  Speaker 2: Why? Why do you think that? Because. Okay. Okay.
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  Speaker 3: So if y'all in a relationship, did she get access
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  Speaker 3: to one of the bank accounts or not?
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  Speaker 1: Here's my, here's my thing. Here's my thing with this.
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  Speaker 1: In a marriage.
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  Speaker 2: Yep.
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  Speaker 1: I think we should have my bank account. This is
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  Speaker 1: my personal bank account. Your personal bank account.
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  Speaker 2: Yep. And we got a joint.
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  Speaker 1: And a joint family account. That's fire. The joint family
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  Speaker 1: account goes to groceries. We pay bills. We do whatever
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  Speaker 1: we want. And that's a joint. How much money is
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  Speaker 1: allocated to that? We could decide how much money we're
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  Speaker 1: putting into that joint bank account.
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  Speaker 2: Yeah.
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  Speaker 1: But that of one bank account.
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  Speaker 2: Everything going into one. No. Everything?
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  Speaker 1: Well, I'm not doing that. No way. No way, no.
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  Speaker 1: I'm not doing that. No way. You guys doing that?
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  Speaker 1: Are you guys putting it in chat? Are you guys?
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  Speaker 3: Please don't, because if they run off to take that money, it's.
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  Speaker 2: Broke boy behavior.
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  Speaker 1: What?
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  Speaker 2: One account.
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  Speaker 1: Well, some people know by now. lot of times a
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  Speaker 1: woman will push for that because they're saying it's a
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  Speaker 1: trust thing. If we're one, if two people are coming
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  Speaker 1: together to be one, everything is one, including one bank account.
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  Speaker 1: I need to see the money. Your money is my money,
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  Speaker 1: so why not put it together for one And here's
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  Speaker 1: the thing. I'm not even explaining. If I got to
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  Speaker 1: explain that to you, I'm not explaining. I'm not explaining
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  Speaker 1: why I'm not doing one bank account. I'm just saying
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  Speaker 1: I'm not doing it. If I have to explain to
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  Speaker 1: you why I don't want to put every single dollar
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  Speaker 1: I have into one bank account with you, you're not
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  Speaker 1: the right person for me.
• 10:39
  Speaker 2: Okay. So harsh message with kind tone. That's what I'm
• 10:42
  Speaker 2: not doing. You're good. Yeah.
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  Speaker 1: There's no explanation. We got to normalize, stop explaining things.
• 10:50
  Speaker 1: Normalize no explanation. Certain things don't need to be said.
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  Speaker 1: There's no explanation. Why are you doing this? Because I
• 10:55
  Speaker 1: just think this is the right thing to do. I'm
• 10:57
  Speaker 1: not explaining why. No, I'm not giving you an explanation.