Goldstein On Gelt

In today’s show, Doug answers a commonly asked question: Should people entering a second marriage combine their assets? Doug explains the pros and cons of setting up joint accounts with a new spouse, and lists five important factors to consider when making this decision: Prenuptial agreements Financial privacy (separate doesn’t mean hidden) Compromise Account beneficiaries Finding a happy medium   For more information on this subject, read the following: http://finance.yahoo.com/news/5-mistakes-people-make-when-they-remarry-152317027.html http://www.thefinancegirl.com/how-to-combine-your-finances/   If basic money management skills are so obvious, why are so many people unaware of them? Cary Siegel, author of Why Didn’t They Teach Me This in School?-99 Personal Money Management Principles to Live By, teaches the vital personal finance lessons that we never learn in school. Find out the top 3 things that everyone should do to be financially responsible: Live below your means Keep a written budget Save half