EP 339: Marriage & Investing: What You Should and Should Not Do with Matt & Liz Faircloth

biggerpockets entrepreneur investher investor marriage marriage business power couples real estate successful marriage womeinfinance womeninconstruction womeninfinance womeninrealestate Jan 17, 2023

Ladies, we all know that it is very challenging to have a functioning marriage and a business together with your spouse. That is why on today's minisode of the Real Estate InvestHER show, we have a very special guest. From the InvestHER family, Liz and Matt Faircloth! As a married couple and business partners, they are going to share with us their journey of investing together as they discuss how they navigated a successful partnership while maintaining their relationship. From the importance of clear role delineations to taking responsibility for your own tasks, Liz and Matt provide insight into how they have created an effective team that has allowed them to build generational wealth and achieve financial freedom. This emphasizes the importance of communication between couples who are working together in business and how roles can evolve over time. It also touches on the need for strong relationships between partners, which helps build trust and maintain a healthy environment in which to grow.

Join us for this inspiring conversation as we explore the importance of honest communication when it comes to achieving success both in business and in relationships.

Quotes

· "One spouse should never be the boss of the other spouse. You can never make your spouse feel less than in the business. It needs to be equals all the time". (06:26 - 06:36)

· "Conversations are a must. Sometimes they are not even nice to have, but they are an absolute must if you want to have a successful marriage". (16:58 - 17:10)

· "The bottom line here is to really list out everything that happens in your household, before even talk about roles in the business. Because if you don't have your personal household in order it's going to affect the business, it is going to affect how you play off each other." (19:59 - 20:13)

· "As long as all four entities [Liz's work, Matt's work, marriage and business] are growing and as long as we have spoken agreements on what each of us are doing to support the growth of those four things, we are going in a direction that feels good is going to hit our financial goals." (32:28 - 32:53)

· "You have to continually know what that other person needs and wants. Then, have the space to ask questions and to listen and then to course correct." (35:32 - 35:46)

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