Summary

In this episode of Relationship Revolutions, Alan and Paul discuss the often taboo topic of money in relationships. Paul shares his journey into the world of finance, from starting as a trainee insurance agent to eventually starting his own financial advice business. 

They discuss the challenges of being self-employed and the importance of surrounding yourself with experienced business owners. Paul emphasizes the need for financial advice for everyone, not just the wealthy, and highlights the importance of managing money and avoiding unnecessary spending. 

They also touch on the impact of credit card debt and the benefits of using credit cards wisely. In this conversation, Paul discusses the importance of financial planning and the impact it can have on relationships. 

He emphasises the need for individuals to prioritise their financial well-being and make informed decisions about insurance, wills, and lasting power of attorney. Paul also highlights the significance of open communication and seeking professional help in maintaining healthy relationships.

Takeaways

Money is a major cause of conflict in relationships, and it's important to have open and honest conversations about finances.

Starting a business can be challenging, and it's important to surround yourself with experienced business owners for support and guidance.

Financial advice is for everyone, not just the wealthy, and it's important to manage money wisely and avoid unnecessary spending.

Credit card debt can be detrimental, and it's important to use credit cards wisely and pay off balances regularly. Prioritise financial planning and make informed decisions about insurance, wills, and lasting power of attorney.

Open communication is crucial in maintaining healthy relationships.

Seek professional help and advice to ensure financial security and protect assets.

Regularly review and update financial plans to ensure they align with changing circumstances.

Chapters

   00:00 The Impact of Money on Relationships

10:13 Paul's Journey into Finance and Self-Employment

27:10 Understanding and Managing Credit Card Debt

34:18 Navigating Personal Finance and Fast Fashion

38:05 Protecting Your Financial Future: Insurance, Wills, and Lasting Power of Attorney

57:20 Understanding Critical Illness Cover and the Importance of Communication in Relationships

Relationship Revolutions is presented & hosted by Alan Watts - The Love Engineer. 

Alan is a relationship & dating coach, working with divorcees and singles who have come out of a long term relationship, and would like to move forward in to a healthy, loving and lasting relationship. Alan also works with couples in crisis to turn their relationship around and bring deeper connection, more passion, understanding and intimacy. 

Alans socials can be found on www.linktr.ee/LoveEngineer

Or email directly to relationship-revolutions@theloveengineer.rocks

Guest details: - Paul McGowan

Paul is highly recommended and highly experienced in the world of financial advice, to learn more from Paul or to get in touch, here is his link tree https://linktr.ee/BetterCallPaul4Real