Michael Jordan just got married to his fiancee Yvette Prieto
(35) after a 5 year courtship. Estimates
of Michael Jordan’s net worth are at 650 million. Yvette Prieto grew up in a middle class Cuban
American family in Miami.
Obviously, from the couple’s wedding pictures on US weekly,
they look very happy and very in love and I wish them all the best. I can’t help to wonder though, what a great
financial move Mrs. Jordan made by marrying the almighty air up there highness.
Financial difficulties are one of the leading causes of Divorce
in couples. When considering a life
partner, one major thing to consider is what your financial life will look like
together. Your finances as a couple will
either improve stay the same or get worse.
There are partners with a strong work ethic, will go to work
every day, are very motivated and are strong earners, there are those partners
that drain and suck life’s blood from you, with never ending problems and never
seem to have any money of their own and there are those partners who fall
somewhere in between.
Choosing your life partner in most cases is your biggest
financial decision because their finances will affect your finances, your level
of income together and what you can build or destroy together. The couple has to make and manage financial
decisions together, pay bills together, decide on how they will invest and also
affect one another’s credit score and levels of debt.
Before jumping the broom and deciding who to marry, consider
how you want your financial picture to look like, and assuming all other things
are in place i.e. love, companionship etc decide if you can make a life with
this potential life partner.
Things to consider
Openly discuss your finances together and observe their bill
paying habits, If you pay your bills on time and you partner doesn’t then you
are headed for some bumpy waters in the future.
Look at each other’s credit scores and discuss what plan of action to
take regarding old debts or even if it’s an endeavor worth pursuing.
What’s is your partner’s work ethic like, do they seem to
bounce around from job to job or have gotten fired from every job that they
have ever had? Decide if you can build a
life with someone like that. Please do
not marry someone unstable financially if you are planning to depend on their
income too to build a life together, it is a recipe for disaster.
How does your partner spend money? Are they a spender or a saver? I am a saver and I once dated a spender, he
would spend all his money and the somehow figure a way to spend mine. As a couple we were always broke, I was always stressed out, it wasn’t
pretty. If you are a saver and you can’t
stomach watching you partner spend money, then it’s a bad idea to get married
and vice versa If you like to spend money and your partner never buys anything
or gives you the money to spend even though they have it, it will only be a
matter of time before you start resenting them.
Always make the best decision that will improve your life
and pray for the rest, you will be happier that way.
Let me know what you think, please subscribe and leave a
comment! Bless
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