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Personal Debts and Potential Spouses
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Personal Debts and Potential Spouses
03/05/2011 6:32 pm

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Given how guarded and private people tend to be with their personal finances, if you happened to be carrying a large debt and your current relationship seems to be heading towards marriage, at what point do you feel it’s your potential spouse’s business to become aware of your personal debts?

In reverse fashion, if a potential spouse made you aware of a very large personal debt they were carrying, how does that weigh in on your decision to continue building towards marriage?

And just to be terrible; what if you only come to learn about a large personal dept your spouse is carrying just before you’re about to say your vows?
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03/05/2011 6:41 pm

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I believe financial compatibility is equally as important as sexual compatibility in a relationship.  Once I commit to a monogamous relationship with a person, we are going to have "that" talk.  Full disclosure of everything ... and then the plan.  

Sometimes huge financial debt is not such a bad thing, especially in business, if it is eventually going to pay off.  

Now, if the debt was incurred simply because of irresponsible behavior ... this person and I would not be compatible to begin with and the relationship would not work.  That sort of behavior would carry over to other parts of this person's life ... and would probably be pretty glaringly obvious to me, eventually.
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03/05/2011 6:44 pm

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Originally Posted by Teri Lacy:
I believe financial compatibility is equally as important as sexual compatibility in a relationship.  Once I commit to a monogamous relationship with a person, we are going to have "that" talk.  Full disclosure of everything ... and then the plan.  

Sometimes huge financial debt is not such a bad thing, especially in business, if it is eventually going to pay off.  

Now, if the debt was incurred simply because of irresponsible behavior ... this person and I would not be compatible to begin with and the relationship would not work.  That sort of behavior would carry over to other parts of this person's life ... and would probably be pretty glaringly obvious to me, eventually.

I agree with you. And on the highlighted point, I mentioned this to a friend of mine earlier also. But this implies paying attention to detail and I know some people are rather stigmatized against that, which I find to be unfavorable. However, in as much as I'm sure I'd discern this soon enough, I've never actually experienced this first hand,,, so, what might be the signs of a person concealing a rather large debt that's not really relative to a legitimate and likely to succeed business risk?
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03/05/2011 8:46 pm

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I meant their irresponsible behavior would spill over from their financial life into their everyday "normal" life hence showing their irresponsible behavior, generally.
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