Love Of Money, How To Avoid Fighting Over Finances With Smoov CEO, Tucker Cohen
When people fall in love, they often forget to factor in finances, which potentially leads to heartbreak and fiscal failure. Today's guest is Tucker Cohen, and he's the CEO of the App Smoov, which is changing the way couples manage their expenses. Smoov tracks couples spending while you can select the transactions you'd like to share jointly. When dating, discussions around money can be challenging, but communicating about cash establishes boundaries, trust, and commitment. Tucker shares what's happening in the relationship world, how younger people today are becoming wealthier and prefer to maintain their independence. He also discusses how to take the financial pressure off of dating and why his app is imperative when building a future with someone you love because it's all about the Benjamin's baby! Tucker Cohen grew up in a coastal town called Marblehead just outside Boston, MA. He's a graduate of Chapman University in Southern California, and he's an athlete, entrepreneur, and investor. Tucker is a 3X founder and 5X start-up operator from seed to series C. Tucker is also the current brand ambassador for Cake's electric motorcycle company. Today, he discusses Smoov, the first expense management platform designed specifically for couples. Financial strains are one of the leading causes of relationships failing. By simplifying the management expenses for young couples while helping navigate emotionally charged conversations, Smoov, removes issues and arguments around money so it doesn't come in between their love for one another. Kerry Brett and Tucker Cohen cover a lot of ground. Topics include;Why banks don't care about harmony in your relationship and why modern banking isn't built for modern day relationships.Why millennials are driving the divorce rate down because they're getting married later in life.If you get screwed up around finances or romances, it can derail your life.Financial infidelity or dishonesty about your spending or debt can be the biggest relationship killer. Couples can't come up with a solution if the other person doesn't know the truth.Don't be an over-sharer in the early stages of dating; save those stories for your hairdresser. Loose lips sink ships. Don't be complaining about your crushing student debt on your first date, and the same goes for sharing information about the large trust fund you may have acquired.Don't let money ruin your relationship. Stay open to talking about finances regularly and making things easier for yourself by using an app like Smoov.Wealth comes in many categories, like freedom, peace, health, and happiness. I like to think that being rich isn't about what you have in your bank; it's what you have in your heart.Why fighting over finances is the second leading cause for breakups.To find out more about Tucker Cohen, the CEO of Smoov, follow on Instagram or Twitter @smoovapp or get on the waitlist before the launch to be one of the first 500 free customers!