Wednesday, January 20, 2010

ABC's of Relationship Banking [ A simple way to stay out of debt in your relationship ]

Now don’t call your stock broker or financial advisor, because I am not talking about money. But what I am talking about will cost you a lot more than just your pocket book. Now let me tell you from personal experience that you do not want to learn these things on your own. Some things are better learned from others, at their expense.


First let’s talk about the basics.

You have Credits or Deposits, there are Debits or Withdrawals, eventually in your relationship you will earn equity, with trust and responsibility you will be issued overdraft protection. (Just a recommendation; don’t ever use this, even if you have it.)

A – Always keep accurate records, do not leave anything to chance. Most people never balance their relationship account and therefore quickly get overdrawn before they have overdraft protection or any equity in the relationship. This is strictly done out of laziness. There is no reason in the world that you should lose your relationship over poor financing. That is stupid. Michael start balancing your relationship accounts. Damn why am I so stupid. (Now remember I told you not to do as I did, but do as I say)

B – Be proactive, do not let anything sit. Deposit slips filled out but not in the bank are not going to clear. Your balance will not reflect anything that is not complete and accurate. Take time to make sure that you have checked the statements that she gives you with the receipts of all credits and debits that you have made for the current month. Do not let this pile up or you will lose track and end up losing your relationship. The root of this is laziness and getting comfortable in the relationship (oops)

C – Communicate, now that doesn’t mean talk or my relationship would have 5 stars and I would be awarded a medal of honor. What I am talking about is listen. Ask a question and sit through the awkward silence of her thinking about what she wants to say. When she answers repeat it back to her, make sure you “heard” what she said and not “what you think” she said. Pay attention, every missed word is a withdrawal that you cost you dearly. Every work that you take in and process will end up in a credit when you can recite back what you have heard and show that you understand it.

D – Deposit, I recommend making an official deposit every single day. Make sure that you are saving up for times that will tax your relationship heavily. Do plan for the future, know that lean times will come and you must be prepared. Many deposits don’t really cost that much, so many them quickly and often. Also be aware that when withdrawals are made if there are insufficient funds you will be charged fees and fines. If your account stays in the red, just like a bank account it will be closed. Don’t ruin your account to overdraft issues. And remember just because you have overdraft protection doesn’t give you the right to use it. It is for emergencies only.

E – Everyday let her know that you are prepared to do business with her. Whatever she negotiated for when you met realize that it was the market value for the relationship at the time. Pay it! Remember she has earned the right to do business with you and don’t shop around on her. (This I had down pat, but I am in sales and hate to be shopped) Don’t make the assumption that just because you have been in a relationship for a long time that you automatically have relationship equity. Wow, revelation remember you haven’t really been keeping up with the books, and you cannot remember when the last time you balanced the account so why would you assume you have any equity to draw against?

F – Forget, whatever you knew about women. It doesn’t matter what your x did, thought, liked or disliked. What matters is what “she” thinks, likes, and dislikes. One of the worst withdrawals you can make is from assumption. Just like in the real estate market there are no more “non-qualifying” assumptions. NO CREDIT - NO RELATTIONSHIP! If you keep what other women thought on your mind you will have another X to remember. Keep current; remember only what the one that matters thinks is important.

G – Get a plan; more relationships go bankrupt every year from the lack of, or a poorly executed business plan. Now here again let me caution you. Just because you have a great plan, doesn’t mean she will buy into it. In fact if you move quick, talk fast or just plain bulldoze over her with your plan and run down to the bank to file it, doesn’t mean she will be there when the doors open. The true trick here is to let her be actively be involved in the decision making process. Make sure to get her input. Without buy in she will be prone to dissolving the company before it ever reaches its potential. This also cancels the relationship account, so don’t fall for the “I’ve got a dream” scheme. She doesn’t care, if she doesn’t feel that she had a part in the building of that dream you might as well close the account yourself.

H – Help, don’t ever be afraid to get help. Keeping two people on the same path is difficult and most cannot do it alone. Realize this early and make adjustments to your account so that it will last the test of time.

I – Ignite, maintain your passion for each other. Don’t let a day go by that you don’t show her your passion for her.

Now I could tell you so much more, but for now take this in and practice it. Without practice it is all in vain. “The best laid plans of mice and men.” – Don’t let your account become a casualty of a good plan not executed. Plan your work and work your plan. Involve her in every step, and remember you’re in it to win it. 2nd place is the first looser. Take no prisoners if it is out to get your account kill it. I hope this will benefit you.

Just2Pirates

All lovers swear more performance than they are able… -- William Shakespeare



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