Build Your Empire: Money Saving tips from expert Peter Arboleda
Money is an issue many of us avoid in the early part of dating yet it influences our daily life and lifestyle choices. It is one issue that definitely affects singles and couples. We are honored to present our finance expert Peter Arboleda of IHT Wealth Management.
Peter Arboleda leverages his extensive experience of over 15 years in the financial services industry, focused on financial planning and wealth management, to assist his clients in pursuing their financial goals. He’s dedicated to providing prudent advice and personalized strategic solutions to clients throughout all stages of their financial life.
1. We hear the term money and love don’t mix. How do you have the conversation about your finances with a loved one during the dating process?
I would tread lightly, one individual is always the lead, more financially stable than the other. You have to work together- split responsibilities and start long term planning.
2. What are the issues when someone marries someone with debt vs assets?
Having a lot of debt is a concern, examining the cause of that debt, identify the problems and put a budget in place. If someone has assets the partner should not take things for granted in the lifestyle and be respectful.
3. With so many people choosing to delay marriage and cohabit how can we be equal in finances during and after a relationship?
One easy solution is to start a joint account and examine one’s income versus expenses.
4. What are the advantages/ disadvantages when being married building wealth?
It is easy to focus on goal/ partnership approach, holding responsibility and budgets/ saving goals. contributions to retirement accounts.- save on taxes.
5. Why do all the rich men attract beautiful women? Is it just for money?
The wealthy hang out in nice places, usually these places attract beautiful successful people. People want to be surrounded by arm candy and want to be taken care.
6. What is love?
It is friendship, heartache, happiness, desire, and the hope for future.
7. What tips on keeping love alive?
- Don’t sweat the small stuff,
- Date nights
- Get tipsy together
- Dress up for each other
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