How Do Couples Get Rich? 7 Tips for Growing Wealth Together

Knowing how couples get rich will help you and your partner grow wealthy together – and maybe even add some spice to your relationship!

These tips are inspired by Lois Frankel, who has written several books on money, career, and achievement.

Heed her words of warning:

“The most foolish thing I’ve ever done related to money was spend too much of my life worrying about whether I had enough or didn’t have enough, I always felt I never had enough. I cheated myselfout of living in the moment, and I’ll bet I die with a lot of money left over.” ~ Lois Frankel

If you’re part of a couple who wants to get rich, I encourage you to find the balance between achieving your financial goals and enjoying the best parts of life (which aren’t always the same thing!).

Couples who are serious about growing wealth must read Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker — it’ll change how you think about money.

And here are a few tips to help you grow your own little pot ‘o gold…

Want to be a Rich Couple? 7 Tips for Growing Wealthy

“One of the biggest mistakes I’ve made around money is allowing myself to be bullied into contributing to group gifts at an expense greater than I wanted to spend,” says Lois Frankel, author of Nice Girls Don’t Get Rich: 75 Avoidable Mistakes Women Make with Money.

Do you spend money because you feel pressured by your friends or family members? Social pressure, guilt, and manipulation can cause money problems by leading you to spend beyond your means. Those $50 group gifts add up, my friend! Before you buy or contribute money to anything, make sure it’s something you really want.


Get on the same financial page as a couple

“­Make sure you’re not the only member of your household concerned about your budget,” writes Sarah Siddons in 10 Tips for Staying on Budget, over at “If you’re working hard to save money, but your spouse is out spending you into debt, you’re fighting a losing battle. Sit down together and make a plan to determine how much ­spending money you should each have. Then, check in every week to see how well you’re doing. If the entire family shares the responsibility for the budget, everyone can cut back just a little and make a big difference.” Do you want to grow wealthy as a couple, pay off the mortgage, or save up for a boat? Ensure it’s not just your goal.

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Text Chemistry: A Simple Way to Use Text Messages to Strengthen Your Relationship - by Amy North. It doesn’t matter if you’re single, in a relationship, or trying to get your ex back! This powerful way to use text messages will work in almost any situation.

Talk to people who took smart financial risks

You don’t need to take everyone’s money advice, but you can learn a lot from your wealthy boss or rich grandparents. Talking about money is taboo for some people, while others could happily describe their investments, business risks, mortgage payments, and financial debt until the cows come home. Find those rich people who are comfortable talking about money. Learn from them – especially their mistakes. To get rich as a couple, talk about other people’s financial failures and successes.

Get comfortable with negotiation

How are your negotiation skills? Everything in life involves negotiation: where you and your partner are spending your next vacation, how you and your coworker should divide work responsibilities, and even how much money you should spend on a sweater (or car!). Typically, men see negotiation as fun and exciting; women view it as scary.

“Women don’t get as much as men because they don’t ask for it, and they don’t ask because negotiations make them nervous,” writes Lois Frankel in Nice Girls Don’t Get Rich: 75 Avoidable Mistakes Women Make with Money. To grow wealth, both of you need to learn how to negotiate.

Separate money from friendship or love

Do friends or family members often ask you to lend them money, or want you to spend money on expensive dinners, shopping trips, or vacations? Learn how to say no. Stay focused on your goal of getting rich as a couple. If your friends influence your spending habits, read How to Stop Spending Money You Don’t Have – it’s all about friends and money. When someone you care about needs money, find ways to help them that don’t involve financial loans.  Offer other types of support, such as help with resume writing, help with networking, cook dinner, babysit, help with paperwork. If you lend money, always write up a contract!

Get everything in writing

I watch Judge Marilyn Milian on People’s Court every day (twice a day if I can manage it!), and the biggest money mistake people make is not getting stuff in writing. Trust me: getting everything in writing will help you save more money, time, and energy! Get a written contract that stipulates the details of a sale, job offer, divorce settlement, family property division, or service contract. Always make sure every financial transaction you do is in writing, signed by all parties, and witnessed by an objective third party. Growing wealthy together is about taking care of the details.

Be careful who you get money advice from

Talk to financial advisors about a slow, steady journey towards financial riches. You don’t necessarily need to hire a financial planner or stock investment broker, but you should talk to people who are money-savvy. But, be careful who you take financial advice from! Trusting the wrong person can seriously hurt your future – not to mention your plans to get rich as a couple. Don’t blindly trust anyone – a partner, family member, or your best friend’s investment advisor – to take care of your portfolio. If you choose to work with a financial planner, ask for a free consultation, review their fees, and select someone with a broad base of knowledge.

And, read all you can about investing money wisely! Another great resource is The Young Couple’s Guide to Growing Rich Together.

If you have any tips or questions on these tips for getting rich as a couple, please comment below…

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