The Art of Financial Lovemaking

By Dr. Boyce Watkins
www.FinancialLovemaking.net

People fall in love every day. Some fall in love forever, and some just love the idea of falling in love. We are all familiar with the bliss and agony of love, and our mating, dating and procreating choices define much of the quality of our earthly existence.

But many of us love in all the wrong ways and make short-term choices with serious lifelong consequences. For long-term relationships, reality eventually sets in, and we learn that LOVING together means LIVING together. The thrill you once got from a long, seductive kiss is replaced by the excitement of a good home appraisal or bank account increase. Financial insecurity and emotional insecurity become one and the same, as we find there is a strong correlation between financial deception and emotional betrayal. A big part of living is MONEY. According to a study by the Council of Relationships, money is the number one reason for divorce. This alarming reality is a strong reminder that not discussing the financial and practical dimensions of your relationship can cause you a lifetime of misery.

Some consider it taboo to discuss love and money in the same sentence. I consider it ESSENTIAL. While we might mull all day over a potential mate’s emotional compatibility, sexual compatibility, professional compatibility and spiritual compatibility, most of us don’t spend one second thinking about financial compatibility. Many couples step into serious relationships and marriage without knowing their partner’s income levels, debt levels, credit score, retirement savings, or any of the other significant pieces of information that are going to have a dramatic effect on their love life. Merging your life with a financially irresponsible person is like putting your children into a car with a drunk driver. Once you are in the car, your fates are inextricably linked.

Money plays a huge role in our quality of life, emotional well-being, ability to raise our children properly or ability to spend time together. Money can either be a tool to enhance your love or a weapon to destroy it. Many people have seen their love and relationships ruined by financial problems, financial deception or financial exploitation. How we manage, confront and conceptualize the power of money plays a huge role in how our relationships evolve. That is what Financial Lovemaking is all about.

You think money doesn’t matter in a relationship? Well, here is just a small list of ways that someone could ruin your life financially:

• A partner with horrible credit could keep you from ever getting loan.
• A partner with terrible spending habits can ruin a family’s financial security.
• A partner with a substance abuse or other costly addiction could deplete a family’s assets.
• A partner with unhealthy connections to deadbeat relatives, who always need money, may drain your assets.
• A partner with an income that is too low due to a lack of education or poor professional choices could ruin you financially.
• A partner may steal money from you or borrow it without your permission and use it for something frivolous (i.e. a bad business investment, gambling, etc.)
• A partner who makes bad financial choices may get you into trouble with the IRS.
• A partner who decides to separate from you may end up dragging you and your money through a long and costly legal battle.

I just gave you the short list of ways that money directly impacts your love life. I am sure you can think of experiences you’ve had or those of your friends. In fact, I encourage you to visit our Financial Lovemaking blog to share your personal story on how love and money have impacted your life.

I am not here there to say there’s nothing going on but the rent. However, I can say that nothing else goes on if the rent is not being paid. So, good Financial Lovemaking is necessary for good love. Don’t forget that.

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good.” He does regular commentary in national media, including CNN, NBC, CBS, MSNBC and BET. For more information, please visit www.FinancialLovemaking.net.

I Am So Proud of My Daughter Banke

One of the reasons that I am so excited about Senator Obama’s candidacy for the Oval Office is his vision for our children. All of this nation's children should have the same educational opportunities to be all that they can be regardless of race and/or economic class.

Through God’s grace and great mercy my daughter Banke will receive a Masters in Education on May 17, 2008. Please rejoice, celebrate, and help me congratulate my youngest daughter as she reaches this wonderful achievement in her life.

Banke is 24 years young, gifted, and black. She is a 2005 graduate of the University of VA and has been employed as a teacher for three years.

It is my belief that as race of people African-Americans should rejoice, encourage, celebrate, comfort, and love each other. I hope that you enjoy reading the following post written by Banke on her facebook blog as much as I did.

May 13, 2008
"hip-Hop saved my life

Lupe said hip-hop saved his life and I am inclined to agree with him. When I think about all of the major events and phases and my life, hip-hop is the backdrop. I remember when my sister came home from Syracuse University so excited to play “Mo Money, Mo Problems”. Her enthusiasm was infectious. I laid on the living room floor and let the music wash over me. Perhaps this was my baptism into hip-hop. I remember my other sister telling me how everybody at Penn State went crazy whenever they heard, “f--- the state pen, f--- hoes at Penn State.”

I remember being a suburban kid who loved to visit her cousin on the weekend because she lived in the hood. We walked to the corner store, heard the cars blasting music, and thought this is what it’s like to be alive.When that same suburban kid moved to the hood herself she wasn’t scared or sad because she was moving where the music came from. I remember house parties and dancing on the wall and doing the cry baby.

My image of love was shaped by hip-hop. I remember hearing Mary and Meth thinking I hope to one day find a love like that. I haven’t, but that song still sets the standard for how I want to feel. I remember hearing Tupac and getting goose bumps. I felt how Elaine Brown felt when she met Huey P. Newton. What a genius what a maniac, I wanted a man like that.

I remember moving down south and hearing Timbaland constantly on the radio. My sister and I went crazy every time we heard “Love to Love Ya. I wanted “big lips and handle bars.” I remember bugging out over how crazy Missy was. I remember the WU album.

I learned about sexuality from hip-hop. LL taught me that if you’re going to do it, do it well. Lil’ Kim taught me the power that a woman holds in between her legs; Foxy Brown taught me how to use it. I remember listening to We Are the Streets and Back for the First time non-stop in high school. I remember being rebellious, only putting my head up when I had headphones on.

I remember college and my southern boyfriend putting me on to the merits of Outkast. I remember my afrocentric soul sista putting me on the Jean Grae. I remember The Roots concert being sold out, madlib being bumped by the real hip-hop kids. I remember Lil’ Jon got the parties going crazy. I remember when Kayne first came out. He fed the soul of that suburban/hood/conscious/afrocentric bohemian I was becoming.

I remember just wanting to be a part of it. I read everything hip-hop. XXL was read cover to cover the first day it hit the newsstands. S---, it was college you know I didn’t have a subscription. I remember listening to everything they referenced as classic. I wanted to live, breathe, and sh-- hip-hop. I remember the rush I felt when my words and my name were in the newspaper—people reading MY reviews on the net.

I remember graduation and the panicky feeling I had. No job lined up, back to the Roc. I remember teaching kids from the same hood and wanting to shield them from every bad decision that could be made.

Now I am a seasoned teacher I’m out of love with hip-hop. I hate the fake thugs it creates, I hate the materialism it promotes, I hate seeing my female students sing along with songs that “let them lick the wrapper.” But I could never hate hip-hop.

I use it to teach my students to think critically. Why do you like this? Why is this hot? What does it make YOU feel? So slowly hip-hop is putting me back under its spell. When I teach my students about a four count, and how to critique a beat and they get it, I get that feeling back.

Hip-hop raised me, and I haven’t grown up yet."

Vera Richardson is the author of “A Case of Racial Discrimination and Retaliation Real or Imagined." http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?r=1&EAN=9780615177014

Financial Lovemaking 101: Coming together Financially with Your Partner

by Dr. Boyce Watkins
www.BoyceWatkins.com

You can think of the Financial Lovemaking system as the “Kama Sutra of Money Management”. It teaches you the ins and outs of the financial lovemaking process, and how your financial choices can serve to stimulate and strengthen your relationship, rather than destroy it. Millions of couples are making financial love, and a lot of them are doing it the wrong way. Here are some tips on how you can avoid being one of the millions of people who find themselves with battered relationships due to bad financial choices.

Here is just a small list of ways that someone could ruin your life financially:

A partner with horrible credit could keep you from ever getting loan.

A partner with terrible spending habits can ruin a family’s financial security.

A partner with a substance abuse or other costly addiction could deplete a family’s assets.

A partner with unhealthy connections to deadbeat relatives, who always need money, may drain
your assets.

A partner that with an income that is too low due to a lack of education or poor professional choices could ruin you financially.

A partner may steal money from you or borrow it without your permission and use it for something frivolous (i.e. a bad business investment, gambling, etc.)

A partner who makes bad financial choices may get you into trouble with the IRS.

A partner who decides to separate from you may end up dragging you and your money through a long and costly legal battle.

Things you should know before you start the system:

The key to good financial lovemaking is oral – you must communicate with your partner

You must be prepared to be honest.......Honest about areas that need improvement.

The key to good financial lovemaking is rhythm.

It’s not a matter of someone being good or bad. It’s about whether or not they are compatible with you.

Do they complement you if you are seeking to be complemented? Do they contrast with you in ways that you know you need to be contrasted? Do they serve to strengthen your good habits or enable your bad ones?

Steps in the financial lovemaking system

1) Getting financially naked with your partner
2) Request documentation of credit reports, debt levels and income levels

The documentation must be recent, not delayed.

3) Taking and giving your partner an FIV test (The Financial Irresponsibility Virus)
Does your partner have a financial venereal disease?

4) Getting your body ready for financial lovemaking....How are you going to look when you are financially naked?

If you do not have a partner, how do you get ready for when you do?

How do you feel about your financial body in the first place?

5) Financial foreplay

This process can be fulfilling, rather than frightening and draining. Spend time getting your partner excited about making financial love. You may have to educate them about the process.

6) Financial fantasizing: Do you have any financial dreams and goals you want to share? Write them down together and tackle them together. Try to find mutually exciting fantasies.

7) Consider doing a 3-some: Get good advice – bring in an objective outsider who can facilitate your lovemaking process. Subscribe to magazines and websites that are going to enhance your financial lovemaking with one another.

8) Finding a rhythm: It’s not a matter of them being spenders or savers. The question is whether or not you can live with what you see. Does the person’s habits complement your own and allow you to reach goals more easily? Do you have a plan on how you are going to merge your money and manage it together? Is everyone involved, or are there silent partners? Remember – Silent partners don’t get to make financial love. Silent partners just get screwed.

9) Reaching your climax together: Are you on the mountain top alone? – Have both of you agreed that your financial goals work best for each of you, or is one of you taking the lead and running with it? Did both of you participate, or did one person do all the work? This can leave you feeling burned and bitter.

Questions you must ask yourself to determine your needs during Financial Lovemaking

1) Does size really matter? – The size of your mate’s bank account.
Does it matter to you?
How do you feel about your own size?
Do you feel good or bad about your partner’s size?

2) Am I a selfish financial lover?
Bad lovemaking usually starts with selfishness or deceit.
How do you respond when things go bad?
Do you see your partner as “your ticket”, or do you see them as someone who supplements what you are going to bring to the table?

3) What is my own relationship with money?
This is going to impact how you deal with the money of others. It also plays a role in determining whether or not you need financial condoms (protective mechanisms to allow you to keep your money distinct from anyone else’s).

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good.