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#1 reason for divorce is infidelity. Behind it, second place is financial pressure.
According to the American Psychological Association, about 40-50% of first marriages end in divorce.
So, I found that in my extensive habit study, homemade millionaires divorce rates were only 19%, or half the national average. Why can homemade millionaires in my research ignore the chances of divorce?
The answer is that they are able to find a partner, they share their dreams, goals, habits, values, positive psychological perspectives, each other’s commitments, and their money mindset. In other words, they are married.
Finding a life partner who shares your work ethics, financial goals and life plans is essential to success. When both spouses are on the same page, bring together the same shopping cart and achieve your dreams, goals and the life you want.
One strategy that makes the spouse have some financial breathing chambers and helps greatly eliminate financial stress is that each spouse has his own separate bank account. These separate bank accounts can now be funded through budgeting or through a separate side gig for each spouse.
For those who have no sentences and have to budget, 5% of household net income is put on hold, which also provides funding for two separate accounts. Example: You and your Spose have a net income of $10,000 per month. 5% of $10,000 = $500. Each individual bank account has $250 per month.
This provides some financial space for each spouse to do as much as he wishes without having to seek permission, negotiate or argue with the spouse about the money they spend each month.
