Every viable business must have a vision, mission and a budget plan detailing how the business will acquire and disburse its funds. The principal owners of the business must have a vision, established the mission, and developed their budget plan before forming the corporation. However, most couples spend too much time planning their wedding rather than planning their marriage or business operation. Therefore, they either never develop the plan before hand or try to formulate it after uncoordinated spending has created a crisis. Bad financial management is the leading cause of divorce in America. It would be wise, then, for couples planning to spend their lives together to plan how to manage their money before they get married.
The two main financial rewards of marriage are division of labor and economy of scale. Single people have to do all the domestic labor and pay all the bills alone. Married couples can split the chores and the bills. Now the housework only takes half the time and it costs half as much to live because two can live cheaper than one. The money and time saved can be invested or used to make more money.
The extra money and extra time can also be used to open an actual business. Each person was born with inherent knowledge, gifts, talent, and ability that if mined and marketed properly, someone would pay you for handsomely. Your spouse can be your passport to financial success if you understand how to market and manage their assets.
Individuals can get rich but strong committed partners working together can create wealth. Family is the organization that was designed by GOD for wealth generation. Every family can be wealthy. You can get my CD “Money DOES Grow on Trees” to see how this works. It will work for those who put it to work.
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