Douglas & Heather Boneparth - Money Together: Aligning Your Financial Stories and Goals
This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Heather and Douglas Boneparth. Douglas Boneparth, is the founder of Bone Fide Wealth, a wealth management firm in New York City. Recognized as one of the nation's most influential financial advisors, Douglas serves on the advisory councils for CNBC and Investopedia. He has been featured in The New York Times, The Wall Street Journal, Barron’s, and more. He is also a CFP Board Ambassador for New York. Douglas received his B.S. from the University of Florida and his M.B.A. from NYU’s Stern School of Business. When he’s not making jokes on the internet, he enjoys brewing coffee, though he can do both at the same time. Heather Boneparth is used to wearing many hats. On her first maternity leave, she co-authored the couple’s first book on helping millennials achieve financial freedom. Since then, she has become a rising voice at the intersection of love, money, and family. She has written for CNBC, theSkimm, Insider, Scary Mommy, and more. As a lawyer, she spent more than a decade in the insurance industry before joining the family business as Bone Fide Wealth’s director of business and legal affairs. She received her B.S. from the University of Florida and her J.D. from the Benjamin N. Cardozo School of Law. Heather and Douglas met in college and consider themselves Gators for life. They now live in New Jersey with their two daughters.
Tune in to hear:
Was there anything that Doug and Heather learned about each other, in the process of writing their book, that surprised them?
What are some common disagreements among couples that are ostensibly about money, but in actuality are about something much deeper?
How do Heather and Doug suggest that people begin to examine their money stories to begin to understand their beliefs about money that are often subconscious and inherited?
Why is the idea that “there is no normal” when it comes to money an empowering message for advisors and investors to internalize?
How should couples think about value and contribution when one person’s contributions may not show up on a paycheck?
What are some of the common myths around fairness and contributions? Also, how can couples work together to create a sense of fairness when the world doesn’t necessarily award all types of work equally?
If Doug and Heather could eliminate one piece of financial advice that’s commonly given to couples, what would it be and why?
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