Philip Olson's "Two Cents" on Managing Money in Marriage

Modern Husbands Podcast

Dec 09, 2022•30 min•Season 2Ep. 1

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Episode description

You may know Philip Olson (and his wife Julia Lorenz-Olson) for their quirky, fun web series Two Cents, a weekly personal finance show on PBS aimed at millennials and Gen Z. Philip and Julia also founded The Art of Finance, an Austin-based financial services firm that helps clients in the creative industry. Listen to how Philip and Julia manage their own money and home together.

Show Notes

0:00~1:00 Introduction
1:00~2:00 Two Cents introduction
4:00~6:00 Philip’s family dynamics
6:00~7:45 Benefits of couples therapy
7:45~9:11 The need for a mental health paradigm shift
9:11~12:00 Equal division of labor in the home
12:00~12:15 Communication is key
12:15~15:30 It’s okay to not always be the breadwinner
15:30~17:30 Fiduciary Standard and it’s importance
17:30~21:45 Specific examples of the importance of fiduciary standards
21:45~23:00 Key takeaway for consumers
23:00~26:00 Part 1: How Philip and his wife manage money together; YNAB (app)
26:01~28:00 Part 2: How Philip and his wife manage money together; Be partners and talk about finances with your spouse
28:00~30:00 Tips for listeners to manage money with their spouses; Monthly budget committee meetings
30:00~33:00 Key takeaway
33:00~34:30 Conclusion