Summary: In this episode of My Next Move, J.P. Morgan’s podcast with Michael Liersch, he offers money advice about a personal finance issue a lot of us face: How do you talk to your spouse or partner about money? Communicating about money can be frustrating. Yet it’s so important—it’s one of the biggest issues experts tackle in the field of families and wealth and financial planning. Drawing on extensive research on couples and money, Liersch shows how the money conversation can avoid becoming a conflict. He offers a clear strategy for reframing the conversation to pivot away from disagreement to information sharing and collaboration. Do you know how much your spouse or partner earns? A lot of people don’t. But then, Liersch asks: Is that really a problem? He shows how spouses and partners who can disagree about money in a collaborative way actually have a secret weapon that can strengthen their financial planning, and maybe their relationship. He explains a specific way to converse that lets couples productively challenge one another’s thought processes. Listen, ask your spouse or partner to listen as well, and add some new harmony to how you approach spending money on your lifestyle, your family and your giving.
