Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Dave Says God Didn't Make Marriage a Business Venture
Townhall.com ^ | April 18, 2012 | Dave Ramsey

Posted on 04/18/2012 6:43:11 AM PDT by Kaslin

Dear Dave,

Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think.

Daniel

Dear Daniel,

I don’t think it matters one bit, and here’s why.

In each family there’s a nerd and a free spirit. The nerd is good at keeping track of things and putting everything in its place. The free spirit is just the opposite. They are not detail-oriented. Now, this doesn’t make them irresponsible or mean that they don’t care. It’s just that they aren’t blessed with a gift for administration. They want things to be good and right just as much as the nerd, but they don’t necessarily get a rush when the checkbook balances out.

Just because the nerd keeps the checkbook doesn’t mean he or she gets to make all the financial decisions, either. In a marriage, those decisions should be made together with input from both the husband and wife. Remember, God didn’t unite some kind of joint business venture. He made you as one – together. When you do a budget each month, you should both sit down and come to a mature, reasonable and respectful agreement on where the money’s going.

So, when it comes down to the act of keeping the checkbook, I think whoever is the more organized of the two should handle this duty. But if you include these other principles, you’ll experience more unity in your daily lives together and have better communication in your marriage!

—Dave

Dear Dave,

I just began a business with a friend as an LLC partnership. I know he’s honest and a hard worker, but I’m still a little scared that everything will fall apart and we’ll walk away mad at each other. We used a CPA to get a tax ID number and help us set up the company. Do you think we should pay a lawyer to help us map out the partnership agreement in writing?

Mike

Dear Mike,

Drawing up a written partnership agreement may be the only shot you’d have at walking away from this venture with your friendship still intact. But I don’t think you need to hand some lawyer a bunch of money to make it happen.

Chances are, your new business doesn’t need that level of detail. All you need is someone to help you draw up a template that answers all the “what if” questions. This template can be as simple as a list of all the things that could go wrong and the answers to those scenarios. These would be things like death, disability, moral failure, bankruptcy, etc., and what happens if any of these occur.

You know, there are hardly ever problems in a business venture when everyone’s happy and making piles of money. But it can get rough if you begin to disagree over the direction the company is taking. Or, what if personal issues make you decide you don’t want to be in business with the other person anymore?

It’s easy to go all pie-in-the-sky over these things, but you have to make plans for any and all of the worst outcomes, too.   

—Dave


TOPICS: Business/Economy
KEYWORDS: daveramsey

1 posted on 04/18/2012 6:43:15 AM PDT by Kaslin
[ Post Reply | Private Reply | View Replies]

To: Kaslin
Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills?

As long as both people know how to pay the bills, know where all of their financial documents are, and are familiar with their current financial situation. On more than a few occasions, I've seen a situation where the bookkeeping spouse dies and the surviving spouse doesn't have a clue about what to do or where things are.

2 posted on 04/18/2012 6:52:28 AM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

The second answer is just dumb. Lay people really don’t have a good idea of the “what ifs” involved in business partnerships. For $500 up front, you can get a lawyer to make you think about these things and get you to agree on a plan for ending the partnership or LLC or whatever. How many lay people would think about and be able to draft provisions relating to:

-Death of one or both parties.
-Bankruptcy of one or both parties.
-Responsibility for additional capital contributions.
-Ability to exit and force a buy out.
-Valuation at different exit trigger events.
-Claims by a divorcing spouse relating to a partner’s / member’s interest in the business (both under a community property and a normal jurisdiction).
-Right to hold a position and draw a salary from the business.
-Responsibility for losses.
-Responsibility for ultra vires actions by one of the members that injures the business.
-Dispute resolution.
-Etc.

That clarity is what saves friendships and families, not a Norman Rockwell ideal of scratching out the business relationship over beer.


3 posted on 04/18/2012 7:00:20 AM PDT by FateAmenableToChange
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

From the beginning of their marriage, my father brought home the check and handed it to my mother, and that was that.

On the other hand, when it came to planning for retirement and making sure she was provided for, he was on top of everything.


4 posted on 04/18/2012 7:04:21 AM PDT by Arthur McGowan (In Edward Kennedy's America, federal funding of brothels is a right, not a privilege.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
(Article)
Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think.

I don’t think it matters one bit, and here’s why.

Of COURSE it matters, you moron! BILLIONS of dollars and the future of the Republic ride on it!

Television is an estrogen-saturated wasteland because merchants and advertisers (but I repeat myself) have figured out that She is making all the purchasing decisions and holds the checkbook.

Look at all the car ads that make men look stupid -- that alone should clue you. (Not counting car ads run during events in the Sports Ghetto (TM) .)

A clueless young journaliste, in 1997, stood up and embarrassed herself during a C-SPAN event by asking a Ladies' Home Journal senior executive (an older woman), during the Q&A after a talk, "Why isn't there more programming on television specifically for women?" The executive stopped for a second, blinded by the blaze of ignorance and stupidity, and proceeded to administer a memorable beat-down about how ALL of television programming, except sports, is ALL about Her. Exclusively. No exceptions. Advertising, content -- it's a 24-hour All About Her show.

It's why, the executive concluded with a squelching thud, finishing off the juniorette, men are such compulsive channel-surfers. For them, there is nothing on -- NOTHING.

I can confirm that, and I can add my own rule, concerning News Programming, in the evening but especially in the morning.

All News programming has three elements:

Check it out. See if I'm not right.

5 posted on 04/18/2012 7:06:03 AM PDT by lentulusgracchus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
God joins man and woman together, two becomes as ONE.

In each family there’s a nerd and a free spirit

What a dumb@** statement derived from a pea brain.

6 posted on 04/18/2012 7:25:24 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 1 | View Replies]

To: lentulusgracchus

You forgot animal (baby or chupacabra or bigfoot)


7 posted on 04/18/2012 8:33:03 AM PDT by willyd (your credibility deficit is screwing up my bs meter...)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Hoosier Catholic Momma; CottonBall; TenthAmendmentChampion; Chickensoup; JDoutrider; ...

The preacher said, “and now you are one.”

Dave Ramsey Fan Ping List.

If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.


8 posted on 04/18/2012 12:24:48 PM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hoosier Catholic Momma; CottonBall; TenthAmendmentChampion; Chickensoup; JDoutrider; ...

The preacher said, “and now you are one.”

Dave Ramsey Fan Ping List.

If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.


9 posted on 04/18/2012 12:25:27 PM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lentulusgracchus

“She is making all the purchasing decisions”

This is the failure in your screed. Dave espouses that both the husband and wife are involved in ALL purchase decisions. In fact, the budget is an agreement between the two and is a monthly reminder to them that they need to be in agreement on their money plans and goals.


10 posted on 04/18/2012 12:53:48 PM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: presently no screen name

You think it is dumb to acknowledge that each individual has a unique personality, yet are joined in a marriage? In addition, do you think it is dumb to take advantage of each of the spouses best personality traits?

I suspect that you may have been one of the callers to his show yesterday and are just looking to attack...


11 posted on 04/18/2012 12:55:58 PM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: CSM

Do you always speak about something when you KNOW you don’t know a damn thing what you are talking about? I don’t even turn on the radio - so much for your ‘thinking’ skills.

They are made ONE and your interpretation is they are robots. Does someone hold your hand when crossing the street?


12 posted on 04/18/2012 1:08:06 PM PDT by presently no screen name
[ Post Reply | Private Reply | To 11 | View Replies]

To: CSM
1. What "screed"?

2. What "fail"? -- That is what is going on. People who thinks it makes no difference, default to the wife making all the practical purchases, and this is the secular result of the husband's being at work all the time earning and turning his paycheck over to her, and her spending it.

13 posted on 04/18/2012 1:10:35 PM PDT by lentulusgracchus
[ Post Reply | Private Reply | To 10 | View Replies]

To: presently no screen name

You are the one that called Dave Ramsey a “pea brain,” yet you acknowledge you “don’t even turn on the radio.” You then claim that my “interpretation is that they are robots.”

When Dave mentions that “in every marriage there is a nerd and a free spirit” all he is referencing is that each individual is unique and when money is handled that each of their talents should be utilized while they work together to reach agreements about spending and financial planning.

Yes, I speak about Dave Ramsey’s system and believe me I know more about it than many. I’d give you my credentials, but I’ve spent enough time correcting your purposefully ignorant post.


14 posted on 04/20/2012 5:00:42 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: lentulusgracchus

1. You started our post by calling Dave a “moron” then you proceeded to type a long post addressing him. That is a screed.

2. Your answer is completely unrelated to Dave Ramsey. He espouses that it makes a very big difference that both spouses work together on the budget, come to agreement on all purchase decisions, etc.

Perhaps you used this article as an opportunity to address a personal concern that you have, but by starting out calling Dave a “moron” you deflected from any general concern you may have about society.


15 posted on 04/20/2012 5:05:14 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: CSM
I don't have to know Dave or listen to him to make an opinion of him - just read his statements.

“in every marriage there is a nerd and a free spirit” all he is referencing is that each individual is unique and when money is handled that each of their talents should be utilized while they work together to reach agreements about spending and financial planning.

Again, wrong. The 'when' and 'should' is key. He's trying to create an ideal situation.

The 'unique talent' is what? No talent is needed - ONLY plain old COMMON SENSE! How many "free spirits' are married together - with their credit card debt and buying homes they could never support because the banks said they could afford it. Credit card debt has been soaring for years. Discipline and common sense is all that is needed.

And by kindergarten you either have it or don't! ' UNIQUE TALENT' LOL! It's unique because so few have it and if one happens to makes a poor choice in marrying someone w/o a lick of sense and discipline, who can financially ruin them, it can take them years to undo the damage. It's harder instilling good habits in an adult than a child!

and believe me I know more about it than many. I’d give you my credentials,

LOL!! I just read your 'credentials' with the 'I know better than anyone' attitude. Is that you, Hillary or Obama or Rove?

but I’ve spent enough time correcting your purposefully ignorant post.

Your time is precious - you have a lot to catch up on to undo your ignorance with that 'high and mighty' attitude. Get busy.

16 posted on 04/20/2012 5:38:09 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 14 | View Replies]

To: CSM
You started our post by calling Dave a “moron” then you proceeded to type a long post addressing him. That is a screed.

Try this and see if it helps: http://dictionary.reference.com/browse/screed

We aren't in the building trades, no money exchanges or business memoranda were involved, and that leaves "diatribe", which mischaracterizes my post -- I'll assume, involuntarily due to incapacity.

Your answer is completely unrelated to Dave Ramsey. He espouses that it makes a very big difference that both spouses work together on the budget....

As far as not understanding or relating to what Ramsey said, please go back and notice that I quoted him when he said it didn't matter, and then I laid down the corrective information of which apparently Ramsey is unaware, and of which the merchants of our world, with their huge advertising budgets, are acutely aware.

That is not a "a bitter, sharply abusive denunciation, attack, or criticism", which is what a "diatribe" is. Unless you thought that was a denunciation. For an example of what I call a "denunciation", keyword search my recent posts for "Obama" or "Obozo".

17 posted on 04/20/2012 5:47:51 AM PDT by lentulusgracchus
[ Post Reply | Private Reply | To 15 | View Replies]

To: lentulusgracchus
Ads are created for the viewing of those minds which are open already to be entertained - the TV watcher. Or even for those watching news - they are open to info and take their lies in. Extremely rare that I have the beast on.

the future of the Republic ride on it!

Yep, and we are being led right where they want us. No one seems to be able or want to think for themselves - and 'where we are' is proof of that.

18 posted on 04/20/2012 6:46:44 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 5 | View Replies]

To: presently no screen name

“I don’t have to know Dave or listen to him to make an opinion of him”

So you prefer to continue to be purposefully ignorant. That is fine until you say:

“Discipline and common sense is all that is needed.”

That is precisely what Dave teaches, so I don’t understand why you started with an attack on him and continue to act like his teachings are the issue in our society. In fact, posters on one of his sites have entered their “debt paid off or money saved” amounts and it has tabulated to $48.5M so far.

His statement that drew your ire was a very loose generalization, which should be expected in any article that has such limited space.


19 posted on 04/20/2012 9:05:37 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: lentulusgracchus; presently no screen name

I honestly don’t understand the two of you attacking Dave Ramsey. You both actually agree with him, but chose a very general statement to a specific question in a very “space limited” article. Both of your responses are very petty and you both ignore the points that I made.

I wish you both the best of luck. I will no longer engage in such pettiness.


20 posted on 04/20/2012 9:09:47 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: lentulusgracchus
about how ALL of television programming, except sports, is ALL about Her.

Even sports is not immune.

21 posted on 04/20/2012 9:18:13 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: CSM; lentulusgracchus
I honestly don’t understand the two of you attacking

That is obvious.

You both actually agree with him, but chose a very general statement to a specific question in a very “space limited” article

No I'm not! I said 'truth' is much less space. Using 'space' as a cover for stupidness is no defense just desperation.

I will no longer engage in such pettiness.

Common sense is seen as pettiness for those who reject it.

22 posted on 04/21/2012 6:55:02 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 20 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson