Love and Money Questions to Ask Your Partner

by Dr. Boyce Watkins, Finance Professor - Syracuse University

As a Finance Professor, I find it incredibly ironic that many people get married without talking about money. They talk about every kind of compatibility from emotional, to spiritual, sexual, and professional, but they seldom take the time necessary to ensure that they can tolerate the idea of sharing their financial life with a person who may not be on the same page. This problem is compounded in black relationships, where many women describe economic hurdles as one of the reasons that black women have trouble finding the right mate.

 

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Dr. Boyce on ABC News: Asking the right questions of your partner

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What questions should you ask your partner before you marry them?

Dr. Boyce Watkins Talks About Financial Effects of Divorce on ABC

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Dr. Boyce Watkins Talks About Financial Effects of Divorce on ABC

Dr. Boyce Watkins on ABC News: Love, Money and Divorce

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Watch Dr Boyce Watkins, Finance Professor at Syracuse University on ABC News discussing money and divorce - how to do it the right way.

Doing The Tiger-Tiki: Black Athletes Who Cheat

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Doing The Tiger-Tiki: Black Athletes Who Cheat

Dr. Boyce Watkins on Black Optimism and Money

• by Dr. Boyce Watkins

According to a recent survey by Experian, African-American consumption grew by over 50 percent from the year 2000 to 2008 ($590 billion to $913 billion), and it is expected to grow to over $1.2 trillion dollars by the year 2013. The study also shows that blacks are more economically optimistic than whites, with 36 percent of us stating that we expect our financial future to improve, as opposed to 31 percent for all adults.

The Experian study says a couple of things: First, it says that black people love to consume and that we are getting better at it. In fact, black people have historically been very good at buying things and working hard to get them, but we are not very good at production, investment and saving our money. We grab our tax refunds and run to the mall. We become highly paid corporate lawyers in order to purchase the house and car we really can't afford. We are chubby kids in the economic candy store, accelerating our collective addiction to the monetary engines controlled by corporate greed.

 

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Dr. Boyce Watkins on MSNBC: The State of the US Economy

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Dr. Boyce Watkins on MSNBC: The State of the US Economy

Black News: Homeowners Walking Away from Mortgages

updated 12:25 a.m. ET, Wed., Feb. 3, 2010

In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.

“People like me are beginning to feel like suckers,” Mr. Koellmann said. “Why not let it go in default and rent a better place for less?”

After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration’s loan modification plan raised the expectations of many but satisfied only a few, a large group of distressed homeowners is wondering the same thing.

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Woman Puts Cheater's Face on Billboards

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Dr. Boyce and S. Tia Brown discuss the woman who puts cheater's face on billboards

Does Marriage Make You Better Off Financially?

Historically, marriage was the surest route to financial security for women. Nowadays it's men who are increasingly getting the biggest economic boost from tying the knot, according to a new analysis of census data.

The changes, summarized in a Pew Research Center report being released Tuesday, reflect the proliferation of working wives over the past 40 years — a period in which American women outpaced men in both education and earningsgrowth. A larger share of today's men, compared with their 1970 counterparts, are married to women whose education and income exceed their own, and a larger share of women are married to men with less education and income.

"From an economic perspective, these trends have contributed to a gender role reversal in the gains from marriage," wrote the report's authors, Richard Fry and D'Vera Cohn.

 

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Why Black Women Are Not Getting Married

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Dr. Boyce Watkins and S. Tia Brown discuss some of the reasons that Black women are deciding not to get married.

Why Black Women Are Not Getting Married

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Dr. Boyce Watkins and S. Tia Brown discuss some of the reasons that Black women are deciding not to get married.

Dr. Boyce Watkins: Tiger Woods’ Women Will Cost Him $100 Million Dollars

by Dr. Boyce Watkins, AOL Black Voices 

The last thing I expected to be thinking about after getting off an airplane are Tiger Woods' women and his indiscretions. I've seen married men misbehave before, and I honestly thought we were at the "no big deal, he'll get over it" stage when it came to Tiger Woods and his corporate brand. The problem is that the list of Tiger Woods women has gotten so long that it's making him look like a PGA version of Wilt Chamberlain or Charlie Sheen.
Tiger Woods does not have a brand that will be able to withstand long lists of cocktail waitresses and "sex addicted cougars" (according to the New York Post), even if the media is exaggerating in their descriptions. The truth is that as great of a golfer as Tiger Woods might be, it could be the women of Tiger Woods who cost him a substantial piece of his fortune.
I spoke recently about how Saturday Night Live went over the line by making light of the alleged domestic violence between Tiger and his wife, Elin Nordegren. While I stand by that perspective (we would never excuse Tiger for trying to whack his wife in the head with a golf club), the truth is that there are broader implications for the fact that the list of Tiger Woods women just happens to be longer than the Dead Sea Scrolls. Whether Tiger likes it or not, the truth is that there are thousands of women across America who are cheering for Elin's decision to chase her husband with a deadly weapon. This has huge implications for Tiger's ability to sell products to American families, where women are the primary decision-makers in household consumption.

 

 

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Tiger Woods Divorce might cost him a lot of Money

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Tiger Woods and his financially costly divorce - what's he going to have to pay?

Why Are Black People Not Getting Married?

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Are the men or the women to blame for the reason that black people are not getting married?

Dr. Boyce talks money on ABC News

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Dr. Boyce Watkins: How Rihanna Is Profiting from Her Tragedy

by Dr. Boyce Watkins, Syracuse University, Your Black World 

I hated what Chris Brown did to Rihanna. I was angered, disappointed and irritated by the fact that many are quick to forgive egregious behavior on the part of celebrities, and a hit song can forgive all sins. At the same time, celebs are just like the rest of us, full of complexities that the world may never come to understand. Rihanna has walked away from Chris and she is now telling the entire world how bad of a man he is, and we're all taking her side.

The problem for Rihanna, however, is that her actions aren't making much sense.

Rihanna's recent whirlwind media tour has included the likes of ABC News, MTV and other major media outlets. Throughout this tour, she has allowed the world to enter into her dark reflection on the relationship she had with Chris Brown, with that reflection seeming to have almost no productive purpose. I am not sure why the he-say/she-say between two 19-year old kids should be the concern of the nation. But then again, I am sitting here writing about it, so I am as guilty as everyone else.

 

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How Your Family Can Manage the High Cost of Health Care

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Get health care tips from Dr. Elaina George - how is your family going to afford it?

Mother, Wife and Businesswomen: How do you Balance?

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In this episode of Financial Lovemaking, Dr. Boyce and Tia talk with Towanna Freeman, an author, speaker, wife and mother on how to balance love, life, and success.

The Triple Threat: Wife, Mother and Business Woman

by Dr. Boyce Watkins, AOL Black Voices, Your Black World 

An entrepreneur doesn't think like everyone else. She is willing to take chances, disciplined enough to focus on a dream and passionate enough to pursue that dream. Towanna Freeman is in that category. AOL Black Voices had the chance to catch up with Towanna, to get some advice on striking out on your own, as well as managing a marriage, children and career, all at the same time.

1) What is your name and what do you do?

Have you noticed how so many people seem to be living an unbalanced life or living beneath their full potential? Well, I assist people, particularly women, who are ready to take life changing action to get that sense of balance back along with that greater feeling of fulfillment and happiness. I am also the principal consultant of Towanna Freeman & Associates, a management consulting firm with the primary emphasis on leadership coaching and employee performance improvement; the founder of the Young Women's Empowerment Network a nonprofit organization that produces empowerment workshops, conferences, and other special events for teen girls; and the author of "Purposeful Action, 7 Steps to Fulfillment."

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