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The Right Spouse For Economic Success

.....“A Great Man Knows Knows How To Find A Great Woman, And Vice Versa.”
By Taka Sande
Touch Of Thoughts The Right Spouse For Economic Success
JUL 29, 2015 LISTEN

An average millionaire is married with one spouse for a long period. Divorce, separation and strife in marriages tend to be economic liabilities. It was found that the divorce rate among millionaires is less than among the ordinary people. One can say ‘because they did not separate, they became millionaires.’ Divorce and separation not only cause legal fees, but emotional pressures also cause loss of focus and reduce productivity.

Choosing The Right Spouse Is Critical For Success

I believe we all agree that getting the right spouse is critical for success. Studies show that, like most men, millionaire men said that ‘good looks’ were important when they chose their spouses. However unlike the ordinary men, characteristics like, honesty, hardworking, sincerity, and love were also rated highly. Ordinary people first put emotions before evaluating their choice. Economically successful people first evaluate their choices before making an emotional commitment, after all emotions tend to cloud judgement.

Having the same values and complementing each other is important. Complementing in terms of one spouse bringing in income and the other spending it does not work. Women in general are more likely to choose men who have a high potential of economic production. On the other hand men feel threatened by high income wives.

People who marry someone because of wealth are often disappointed. The marriage is threatened when the spouse loses the source of income. Also people who marry someone only because of good looks are also often disappointed. With time the good physical features tend to evolve or even disappear.

How To Find A Good Candidate For Marriage
How then can you find a good candidate for marriage? Where you meet each other has a lot to do with how the marriage performs. The chances of meeting a decent person in a bar are very low. If you want to meet intelligent single people, you go to a college or university function. If you want to meet a single person of Christian character, you go to a church youth function. And if you want to meet a generous person team up with volunteers.

Most millionaire spouses do not have high paying jobs. Actually most do not work. They concentrate on running the home in an economic way.

Few months ago a wealth management consultant was speaking to us. He said he had a client who came to him. The client is a senior police officer in his fifties. He had accumulated over US$2.7million over the years and wanted financial advice. On being asked how he accumulated all this wealth, given the salaries of civil servants, he said he saved 15% of every cent he and his wife received for the past 25 years. They put the money in good investments.

Economic Success Is Not About Going Beyond What You Earn

Economic success is not just about how much you earn. It is the ability to manage one’s income through saving, creating extra income, investing, productivity, and of course the time factor. Your spouse will influence your decisions in these areas.

Some extracts from this article are from Dr Thomas Stanley’s book ‘The Millionaire Mind.’ After conducting a detailed study of over 1,400 millionaires, the results of the millionaire marriages proved that, your choice of a spouse plays an integral part of your economic success.

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© Copyright 2013 by It’s My Footprint, www.itsmyfootprint.com/blog .

About Taka Sande:
Taka Sande is an author, an entrepreneur and development activist. He has a passion for making a difference by influencing and adding value to people’s lives. He is the founder of the blog It’s My Footprint, http://www.itsmyfootprint.com /. You can also follow him on Twitter , Facebook and LinkedIn .

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