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	<title>Phoenix Men's Counseling Blog &#187; New York Times</title>
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		<title>Money Talks to Have Before Marriage (from the NY Times)</title>
		<link>http://phoenixmenscounseling.com/blog/2009/10/27/money-talks-to-have-before-marriage-from-the-ny-times/</link>
		<comments>http://phoenixmenscounseling.com/blog/2009/10/27/money-talks-to-have-before-marriage-from-the-ny-times/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 14:43:40 +0000</pubDate>
		<dc:creator>Jason</dc:creator>
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		<guid isPermaLink="false">http://phoenixmenscounseling.com/blog/?p=300</guid>
		<description><![CDATA[Divorce tends to be emotionally gut-wrenching for the people who go through it (not to mention those around them). But most couples don’t realize that divorce can also be among the most ruinous financial moves anyone can make. Sure, you could bet big and lose on a single stock or money manager. Or your small [...]]]></description>
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<p>Divorce tends to be emotionally gut-wrenching for the people who go through it (not to mention those around them). But most couples don’t realize that divorce can also be among the most ruinous financial moves anyone can make.</p>
<p><span style="font-weight: normal; font-size: 13px;">Sure, you could bet big and lose on a single stock or money manager. Or your small business could go bankrupt, taking your life savings with it. But divorce and the costs that often come with it — from legal bills to the sudden need for an additional residence — affect far more people.</span></p>
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<p>The risk that any marriage will end in divorce is about 45 percent, according to <a title="David Popenoe bio." href="http://marriage.rutgers.edu/codirectors.html">David Popenoe</a>, a professor of sociology emeritus at <a title="More articles about Rutgers" href="http://topics.nytimes.com/top/reference/timestopics/organizations/r/rutgers_the_state_university/index.html?inline=nyt-org">Rutgers University</a>. The chances fall to about 40 percent for first marriages and decline further for college-educated couples, people from intact families and couples who share the same religion.</p>
<p><span id="more-300"></span></p>
<p>Given the various financial complications, I’ve long wanted to devote a series of columns to divorce and money. This week, I’ll start with a topic that could save some marriages if more people made it a priority. It’s crucial to air and resolve financial disagreements beforehand.</p>
<p>“It’s almost impossible to be hooked up to somebody who has the same balance of spender and saver as you, or expansiveness versus conservativeness or financial circumstances,” says Gregory A. Kuhlman, a New York City psychologist who runs <a title="About the programs and the practitioners." href="http://www.stayhitched.com/aboutus.htm">marriage success training programs</a>with his wife, Patricia Schell Kuhlman.</p>
<p>He adds that the mix gets even more volatile with second marriages, when couples may have children, ingrained financial habits and savings or other assets that necessitate the discussion of a prenuptial agreement. “Success in marriage is only partly attributable to compatibility. It’s about how you manage those differences and whether you have a style for doing so that is successful.”</p>
<p>What follows is a list of four financial issues that ought to be near the top of the discussion list before getting married. Please add to the list in the comments of the online version of this article.</p>
<p><span class="bold">ANCESTRY</span> When Lisa J. B. Peterson started her Boston-based financial planning firm,<a title="About Lantern." href="http://www.lantern-financial.com/whoweare.html">Lantern Financial</a>, she knew she wanted to focus her practice on young professionals. She quickly realized that many of them could use premarital financial counseling and built <a title="About Harmoney." href="http://www.lantern-financial.com/harmoney/">a program called Harmoney</a> around their needs.</p>
<p>One of the first things she asks clients about is what she refers to as their financial ancestry. “It’s looking back at your own personal past,” she says. “How did your parents deal with money, how does that impact how you deal with it, and how might that impact the couple’s relationship?”</p>
<p>Because so many of our money behaviors are learned, she asks couples to share their earliest money memories — whether their father hid money from their mother or how either parent fretted over the funds available. This can be a particularly intense discussion for people whose parents were divorced, and the stories are sometimes accompanied by tears. “Money is so emotional, and people forget that,” Ms. Peterson says. “You think that it’s just numbers.”</p>
<p><span class="bold">CREDIT</span> While it’s about the least romantic subject imaginable, your credit history holds a chunk of your permanent financial record. It follows naturally from the ancestry conversation, and Lantern Financial pulls <a title="More articles about credit scores." href="http://topics.nytimes.com/your-money/credit/credit-scores/index.html?inline=nyt-classifier">credit reports</a> and scores for its clients.</p>
<p>Molly Milinazzo and Scott Donovan, an engaged couple who live in the Dorchester section of Boston and are both 24 years old, were relieved to discover that their scores were within about 15 points of one another when they went through the Harmoney program in May. “A lot of people end up surprised, and it’s best to keep those kinds of surprises at bay,” Ms. Milinazzo says.</p>
<p>Full disclosure on the credit front is useful for two reasons. First, a credit report is, in part, a catalog of past mistakes and overall habits — <a title="More articles about loans." href="http://topics.nytimes.com/your-money/loans/index.html?inline=nyt-classifier">loan</a> payments you missed or department store credit cards you didn’t really need. That in itself is a good starting point for a discussion about what you’ve learned (or still need to learn) about handling money.</p>
<p>There’s an immediate practical side to this, too. If there are errors or low credit scores that a couple can improve, there may still be time to make the fixes so that the couple can get the best rates on a loan for their first home a year or two later.</p>
<p><span class="bold">CONTROL</span> Figuring out who will pay the bills each month may not seem to be an important conversation or assignment. But it gets tricky when both people want to take it on. “People understand that in a relationship, money is control,” says <a title="About Jeff." href="http://www.jkfinancialplanning.com/about-us.php">Jeff Kostis</a>, a<a title="More articles about financial planners." href="http://topics.nytimes.com/your-money/planning/financial-planners/index.html?inline=nyt-classifier">financial planner</a> in Vernon Hills, Ill., who walks engaged couples and newlyweds through a checklist of questions. “If you’re not paying the bills, you don’t know where the money is going, and you feel like ‘He doesn’t want me to go out with my friends’ or ‘She doesn’t want me to play in the fantasy football pool.’ ”</p>
<p>For two people who have both been on their own for a while and don’t want to give up doing the monthly financial chores their own way, Mr. Kostis suggests, at a minimum, regular household meetings complete with Quicken or other spreadsheets so that the person writing the checks can keep the other one up to speed. With more stubborn couples, he might suggest handing the controls back and forth at the beginning of each year.</p>
<p>Mr. Kuhlman, who explains the counseling approach he and his wife take with clients at<a href="http://stayhitched.com/" target="_">stayhitched.com</a>, says it shouldn’t be surprising that control issues come up constantly when talking about money. “It’s concrete, you can see it,” he says. “It’s not ephemeral or less measurable, like affection.”</p>
<p>A few things that he suggests couples discuss early on: If one person is making most or all of the money, does that person get to make most or all of the financial decisions? If you’re the car aficionado or have researched all of the local school options for the children, do you get to make the decisions about those things? “These are the kinds of things that don’t come out when you’re dating,” he says.</p>
<p><span class="bold">AFFLUENCE</span> Here’s another question that tends not to come up during courtship: Just how rich do we want to be one day? Mr. Kuhlman refers to this more politely as the “desired level of affluence.” “Are our career paths going to be something that pulls us together? Or, more often, are they things that will tend to pull us apart, where we’ll really have to be proactive to make sure it’s under control?” he says.</p>
<p>Mr. Kostis might put it a bit more bluntly, say to a spouse of an aspiring <a title="More articles about investing." href="http://topics.nytimes.com/your-money/investments/index.html?inline=nyt-classifier">investment</a> banker or corporate lawyer: Are you O.K. with acting essentially as a single parent, with your partner working 80 hours a week until the age of 80? “Not that there is a right or wrong answer,” he says. “It’s just about understanding, going into the marriage, what that would really mean.”</p>
<p>He adds that people in the financial advice business often joke that they spend half their time talking about money and the other half acting as marriage counselor. “But it’s the same communication style,” he says. “You’re giving people permission to be honest without having someone jump down their throat for giving the answer that they really want to give.”</p></div>
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		<title>Baseball Family Secrets</title>
		<link>http://phoenixmenscounseling.com/blog/2009/06/07/baseball-family-secrets/</link>
		<comments>http://phoenixmenscounseling.com/blog/2009/06/07/baseball-family-secrets/#comments</comments>
		<pubDate>Sun, 07 Jun 2009 21:13:53 +0000</pubDate>
		<dc:creator>Jason</dc:creator>
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		<guid isPermaLink="false">http://phoenixmenscounseling.com/blog/?p=218</guid>
		<description><![CDATA[by Doug Glanville (appeared in the New York Times online edition, Sunday, June 7, 2009) I haven’t spent a lot of time watching “MTV Cribs,” but I know the host likes to check the featured homeowner’s DVD collection for a copy of “Scarface.” Apparently, owning this movie is the key to street credibility (by “MTV [...]]]></description>
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<p><em>by Doug Glanville</em> <em>(appeared in the New York Times online edition, Sunday, June 7, 2009)</em></p>
<p>I haven’t spent a lot of time watching “MTV Cribs,” but I know the host likes to check the featured homeowner’s DVD collection for a copy of “Scarface.” Apparently, owning this movie is the key to street credibility (by “MTV Cribs” standards), and it is understood that the homeowner will play it for anyone who sets foot inside.</p>
<p>We all have our favorite movies, and I have some staples of my own in my collection — “A Few Good Men,” “Sixth Sense” — but I would never demand that visitors watch those movies as a rite of passage into my “crib.” However, a few months ago, the executive producer of MLB Productions, who is a friend of mine, sent me a housewarming gift of some classic documentaries about baseball. The jewel of the package was a contemporary piece called “We Are Young,” and if you are ever in my home, expect to sit down and take it all in. (Alternative plan: It will air on MLB Network this coming Friday at 3 p.m. EST.)</p>
<p>I have seen a lot of footage on the life of a baseball player, but this story captures the essence of what a lot of players carry with them at all times: the worry about failure, the need to be driven. At times these forces are couched as inspiration and motivation, at times they come from a convergence of fear and a desire for approval — and this documentary shows that dichotomy, unapologetically and realistically.<br />
I happen to know the family, at least the older son, Dmitri Young. I played most of my career against Dmitri and he was a fun-loving opponent. Always laughing, always having time to chat at first base. From the outside, you would think he didn’t have a care in the world, especially since he was also a stone-cold hitter. But this documentary took me inside his life. I learned about the family dynamic that shaped him.</p>
<p><span id="more-218"></span></p>
<p>Dmitri was a first-round draft pick, which means he had more opportunity to learn and grow than the average draft pick. The financial investment a team makes on “first-rounders” tends to allow for more latitude with the young player’s growing pains. Yet he was in the shadow of a strong father, a top-gun military man who made it clear that failure was not an option. And for the sake of his little brother Delmon, a rising star 11 years his junior, Dmitri could never show anyone that he struggled with meeting those expectations.</p>
<p>I myself came up chasing my big brother Ken, who was almost eight years my senior. I followed his every move and whatever he pursued, I pursued. He sparked my competitiveness, he gave me a goal. As I got older, I started to understand the pressure he must have been under and the exterior he had to keep to protect me from any disappointment or disillusionment. He had to stay strong, keep smiling, even when his heart may have been breaking.</p>
<p>And although my father was not a stern man with rigid regulations, like Dmitri’s he cast quite a shadow. He began teaching full-time in his native Trinidad by the age of 14. He went on to a teachers college and then became an assistant headmaster. But, unhappy with the way his career was progressing, he vowed to head to the United States and pursue medicine. When none of his school credits translated over to the education system in the United States, he began all over again, a 31-year-old freshman at Howard University, where he eventually got a medical degree and full qualifications for psychiatry. He had two careers before most people even figure out what they are doing for their first one.</p>
<p>I know now that my brother could have translated my father’s drive and success as pressure, but I would have never known it from his unwavering support in my life. He buffered those stresses and I was able to spread my wings; I never feared living up to my father.</p>
<p>But Dmitri internalized everything to free up Delmon, even to his own detriment. It was the ultimate sacrifice.</p>
<p>Play long enough and you become intimately connected to your fellow ballplayers. During my career, I spent considerably more time with my teammates than with my own family. But in crossing over into baseball retirement, I’ve realized that even within all that intimacy there is distance. I didn’t really know my teammates as well as I thought I did. We are often islands unto ourselves in those hallowed locker rooms. This is partly because as ballplayers we spend so much of our shared time focusing on game strategy, life on the field and all the fun elements that spin off from that life, while ignoring what really makes our teammates tick. I suppose it’s something we assume we know — we are all together in the same locker room, and many share similar stories of rising to the top. But beneath the surface, there are a lot of secrets, some that mask a lot of pain, most of them byproducts of the internal struggle to maintain a certain level in a hyper-competitive arena.</p>
<p>For instance, it manifested itself in the dark secrets of steroid use and how no one talked about it, no one could tell for sure who was doing what. It manifested in maybe having a teammate whose locker was right next to yours but having no idea that he was battling depression or anxiety. To acknowledge these challenges is to admit defeat, or anyway take away the edge you need to perform. Where do you go? This can eat people up in ways that often remain unrevealed and suppressed. In the world of professional sports, and baseball in particular, you don’t have time to reflect as much as is healthy, for there is always another game to play.</p>
<p>As players, we are doing what we love to do, and for the most part it’s an enjoyable ride. But trying to figure out why we try to excel can dampen the mood and leave us feeling inadequate. The price you sometimes pay for success is a feeling that you’re not doing enough, that you should be doing more, that you should somehow be “better.” Over time, many players mature and find ways to deal with this dynamic. It may get buried, or become masked in bravado, or re-channeled constructively to wreak havoc on your opponent. But even if we learn to harness our drive, that doesn’t mean peace comes with it.</p>
<p>As I watched “Young Larry” (as he calls himself), the father in the Youngs’ story, I was impressed by his ability, ultimately, to reflect on the pressure he had put his sons under. He was a caring father who wanted the best for his children and understood how to provide support through channeling his experience as a top gun. Dmitri and Delmon Young have just gone through another challenge with the loss of their mother, Bonnie, to pancreatic cancer last month. Yet they carry on, having learned to stay close to their nuclear family, no matter what. Dmitri is now fighting to come back from a stint on the disabled list with the Washington Nationals, still taking it one day at a time. Delmon is an established player with the talented Minnesota Twins.</p>
<p>I connected to Dmitri’s story because it showed how the rollercoaster of emotions inside so many players can often be traced back to the people who cared about them the most. And if you have the time and want to understand what I’m trying to express in this column at the most core level, take a look at “We Are Young.” Or come by my “crib” and I’ll play it for you. And you will understand, like never before, what an amazing ride a life in baseball can be.</p>
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