Money management between loved ones does not always go smoothly. Here are a couple of money myths that often cause problems between loved ones that, hopefully, you can avoid.
He who makes more – knows more.
Earnings are not a measure of financial smarts. Taking time to learn about investing plus some plain old common sense often makes for the better investor. Often, the partner with better intuitive skills, not the higher wage earner, has a better BS detector when making investment decisions.
You have to always agree.
Sometimes, a different point of view is better. Disagreement leads to discussions- not just arguments. That can help flesh out an investment decision and may lead to a totally different, yet more successful, investment path in the end.
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