Money and Your Wallet - A love Story

Money affects so many aspects of our lives that conflict becomes inevitable if couples don’t know how to manage their finances together. So it’s hardly surprising that a recent couples counselling [Relate] survey identified money worries as THE issue placing the biggest strain on relationships in the UK. In the US, a 2016 Money Habits and Confessions survey by Learnvest found that 1:5  Americans had never had a serious conversation  about finances with their significant other. Globally, that’s quite a few ostriches gulping down sand, eh? So this article aims to get more of us unburied whilst avoiding the undead in Financial-La-La -land.

” Money may not buy love, but battling over it will bankrupt your relationship.’’ – Michelle Singletary

Couple conflict and taking cash hostage

I discovered first hand that tensions can erupt if one of you is a spender who  lives for the here and now, and one is a squirrel saver stashing it away for  retirement and a rainy day.  On the spectrum between the compulsive spender and the fanatical hoarder where do you fall? Our money mind set is often conditioned by the attitudes of close family members. What were your parents’ attitudes and who do you  most take after?  Right now, I’m somewhere in the middle of the two polar opposites, but several years ago after I was diagnosed with melanoma and as the prospect of death came sharply into focus, I became more ‘in the moment’ and ‘I want it now.’

Kiss goodbye to instant gratification

Perhaps that’s understandable given the serious health circumstances and the wider societal context where instant gratification is increasingly becoming the norm? However, the divergent outlooks in the relationship caused lots of arguments. Now, as I survey the post-divorce landscape this is undoubtedly cause for considerable regret. Divorce can haemorrhage finances much faster than any sticking plaster can fix.

Why rip dollar bills or banknotes in half?

Also as I analyse and accept my part in the escalating disputes, I recognise that as an independent career woman with her own bank account I resented the undue and heavy handed [from my perspective] control my husband tried to exert over the joint finances. In response I stopped listening, dug in and focused only on the unreasonableness of his position and inevitably the [assumed] superiority of mine. For more about the antidote to financial deafness check out the Listening skills page on my website. As Robert Kiyosaki pointed out:

‘’It’s not how much money you make, it’s about how much money you keep, how hard it works for you, and how many generations you keep it for.’’

So, looking back what would I have done differently?

Wallet-wad *1 – *Disarm *Defuse *Discuss

First and foremost: protect and preserve

Winning the argument and being right is not the real objective as I came to appreciate rather a little too late. The real objective as Robert Kiyosaki  author of: ‘’Rich Dad, Poor Dad’’ hints at above and I’m elaborating on here is, to protect and preserve what you have managed to accumulate for your own benefit and above all your family’s. In that context talking openly about money with your significant other, heading off the arguments becomes less of a nice to have option and more of a fundamental necessity. Also respecting the other person’s perspective, establishing trust, and demonstrating a willingness to compromise are all key to successful outcomes and positive resolution. What I learned is that resistance and a refusal to talk constructively about money can be devastatingly costly in both emotional and financial ways – hence I’m advocating the path of least resistance and regularly touching base to keep communication lines open. A heavily litigated divorce decimates the family pot quicker and more effectively than a vampire bat locked on to its prey, and as I can also confirm from first-hand experience the role of a single parent is tough and can be very stressful, with or without garlic to ward off unwanted predators.

SCARY STATS – hot off the Transylvanian press:

Disrupted relationships- separations or divorce –cause household  incomes to diminish from as much as 28-42% and particularly pose a threat to mothers, as evidenced by an attendant increase in benefit claims. Significantly the threat is worse for mothers in low income families, with almost half of American families experiencing poverty. The family economy changes for the worse, significantly decreasing the household net worth, and many women experience a substantial decline in their financial circumstances after divorce or separation, which in turn can adversely affect their children and future generations. Nb. the same is not necessarily true of men/fathers who can actually see their incomes not only recover quite quickly but also increase post- divorce. As such separation/ divorce are unlikely to feature in any ‘How to Remain Rich or Affluent Top Tips’ list – quite the opposite, as its contraindicated in the broad aim and aspiration of keeping assets intact and overall wealth preservation.

“Writers write, readers read, money talks” – Toba Beta

Wallet-Wad *2 – Avoid Separation/Divorce like a hole in the head

Enrich your engagement levels

When a couple are on the same page about money, they can work together through difficult times and have a map to focus on jointly.  Are you in a new relationship that’s getting more serious? Make sure you bring up money issues before taking any big steps such as living together or getting engaged. Make money discussions a regular thing but not when the bills hit the mat or the in- box, or at other times of financial stress. Resistance to constructively discussing money is counter- productive and also may contribute to the ongoing gender pay gap, which arguably needs to be closed. To that end, all credit to British PM Theresa May who is calling for all firms to publish their gender pay gap as she fears it is not being closed quickly enough.

“There are many languages in the world but the most widely spoken and understood by everyone are power, love and money.” – Bangambiki Habyarimana

How to have productive money natter and cash friendly chatter

  1. Money TalksStart Small – start by discussing more wallet conducive nights out with friends. Break the ice and ask how you can all hang out and have fun for less. Open up conversations about perks and benefits that their employers provide and ask what percentage of their salary they save or are they planning to save into their retirement fund?
  2. Scale Back-don’t succumb to shopping splurges : the feel good factor will be short lived and the debt hang over hard to shift. Take out cash, set a limit and leave your cards at home. Remember the love of stuff is limited as it can’t love you back, and in order to apply the brakes or rein back the bolting horse when it’s got the bit between it’s teeth, ask yourself this – How will this make me feel in 10 minutes time? How will this make me feel in 10 months time? In ten years from now? Learn to make a distinction between what you need vs what you want- aim to defer gratification. If you want to spend less and save for your future plans be open with your friends, come clean and explain your situation and don’t get sucked into debt trying to match their lifestyles.

    ‘I spent a lot of money on booze, birds and fast cars. The rest I just squandered.’ – George Best

  3. Negotiate – when out shopping for large essentials ask for a discount for cash. If you’re dining out with friends ask to split the bill according to who ate what, that way you can manage your expenditure whereas dividing the bill equally may end up with you subsidising the others. Do you have a friend who’s a bit of a tight-wad? If so ask: Did I get the last one, or did you? This politely alerts the wallet-warrior that’s there’s an etiquette when it comes to paying. Hopefully they’ll get the hint! Generally, also try suggesting more reasonable venues – a gastro pub vs the gourmet restaurant, fixed special price menus and go mad on money-off-vouchers. Get a savings habit, and get ahead.
  4. Schedule-probably the two most difficult money conversations that render many of us tongue tied are:

Tricky discussions with the significant other

Don’t avoid the subject, plan ahead and say: ‘How about on X day, we sit down and spend some time talking about money?’ Then when the time comes be upfront about your concerns but avoid being judgemental –discuss and agree where cut backs can be made. Draft a budget and a roadmap to pay down variable rate debt – highest rate first. Review progress regularly and with debt cleared or consciously being managed, aim to start saving/investing on a regular basis.

Asking the boss for a raise

‘Your salary or income scale doesn’t define you, but it more than likely will determine your comfort level in retirement. Always have feathers in your nest egg.’ – Jill Hughes

Kicking taboos into touch

Talking about salary can be considered as one of the last taboos, albeit millennials are 4 times more likely to discuss compensation with colleagues than baby boomers. So let’s all clear the air. The time to pipe up to get a fatter pay-check/cheque has arrived. This is covered in more detail in my free report: ‘3 proven ways to pull more money to you in 30 days,’ available on my website. First of all do your Research and find out the going market rate for your position and how that compares with the internal salary scales, also check out what perks and benefits competitors offer so that your ‘ask’ is in the bandwidth and you don’t undersell yourself. Record – keep a dairy of all the extra things you’ve taken on and pulled off, mention praise and positive feedback you’ve received. Blow your own trumpet regularly. Ask your boss, ‘when would be a good time to discuss a salary review?’ and get a date in the dairy to do so. Rehearse – practice your pitch with a friend or your partner. For more on this and how to increase your going rate if you’re self-employed in a service business, sign up below. Remember overnight success is a myth but small incremental changes will soon stack up. The sooner you get started the better – good luck!

The Mission

To help people get clued up, fired up, opened up about money and finances.


i)  Marripedia ‘The effects of divorce on Financial Stability.’

More About Jill Hughes and Money Magnet

What about Wealth?

Wondering about wealth? Welcome to a home for motivated people like you who aim to revitalise your relationship with wealth and money. Wouldn’t it be great to offload all the stress, fear and panic that money issues can create and get relaxed and serene instead?

You’ve heard about the ‘4 hour working-week,’ where you set up passive income streams that come rolling-in as reliable as the tide reaching the shore and without too much interpersonal intervention or involvement, whilst you enjoy the sun-lounger-and-laptop-lifestyle, and you’re thinking –yes, I’ll have some of that thank you very much. Meanwhile Hans from Hamburg –or where ever- wafts in with his towel and beats you to it and you’re relegated to the back row in the dingy shade. So does this 4 hour idyllic state really exist or is it more hype than actually happening?


I’m Jill Hughes and I have extensive experience in Investment banking in the City of London and on Wall Street, New York. I’m well versed in property and real estate investment, which can be a great source of passive income and capital appreciation – provided you know how to avoid the many scams and traps out there. Now I’m an AuthorPreneur busy building a platform brick by brick, learning about blogging, e-books, on-line courses and self- publishing. As for CRM and SEO, well until recently I wouldn’t have had a clue, even if they bit me on the butt. But [excuse the pun] I’m certain of one thing: I really want to help others, and all the things I’ve learned through sheer hard graft, through endless trial and error and years of sometimes painful experience, I’ll distil for your benefit in a way that’s easy to understand and quick to implement. Along the journey that I hope you’ll share with me, I’ll do my best to keep things inspiring with a shot of hilarity injected here and there.


The primary place I share this info is via my weekly Blog posts on a variety of topics from money, all matters material from property, stocks and shares, to Bitcoin, and my current trend which is Writing. Yes- we all have a book in us, and according to Hemingway, ‘Writing isn’t hard, all you have to do is sit at your type writer and bleed.’

Cheers, mate? But I guess when he wrote, ‘For whom the bell tolls,’ that was a cryptic clue as in this-guy-has-a-glass- half- empty- world- view?

Anyway, if you’d like to get all the stuff they don’t tell you, and certainly not in an orderly easy to follow fashion without a hefty price tag, plus with a bit more optimism than Himself above, then you could do worse than to sign up  for my Newsletter. Don’t worry you won’t be inundated, frankly what with blogs,[Argh] articles[Oh dear] and the much neglected novel writing, [Ha-ha] I’m not sure how the Newsletter[s] will actually materialise. Please email me your congratulations if one ever does actually get acquainted with your in-box.

Just drop me a tweet


Life, the Universe and all that, and I’m obliged to point out the obvious i.e. I don’t have all the answers, I’m not a qualified IFA [but sadly I’m still SEO/CRM certified clueless] and those ‘in the know’ [where ever-the-heck it’s moved to on social media or out there in cyber space…] inform us lot who devour ‘XYZ for Dummies’ books on Kindle, if, as and when we can find the charger, that learning is a lifelong occupation.

As Benjamin Franklin, said, ‘An investment in knowledge pays the best interest.’

Anyway, like Dorothy on the yellow brick road, I’m delighted to share the wealth of  things I’ve learned along the way to Emerald city. You may like what I’ve got to say or my message may not be your caramel latte: with or without sprinkles. Meanwhile if you could land on, not just flutter by, my website, while I’m sunning myself on lounger with Hans and laptop, that would be melty. It would be even better if you’d complete the ‘OPT –In’ thingy and handover your email address –in the bad old days it used to be notches on bedposts, trophies, collecting coins, stamps, birds eggs, butterflies and the like – now  anything goes as long as it’s an email address or ideally a 100,000+. So, hurry up and hand yours over……do you really want me to be stuck at 99,999 for ever?


Finally, Phil arrives to give Hans the big E…

  1. Money and scams go together like wasps and jam, so it’s far better to get some assistance and avoid soggy feet and sticky wings-Yuck.
  2. Conjure up a vision of money flowing like Pooh-Bear with his paw in a fresh pot of runny honey-Yum.
  3. Get crystal clear on why you’re here and fast track to your Life Purpose-Da-dah.

The Mission

To help people get clued up, fired up,

Opened up about money and finances.

Make Passion Your Paycheck

Purse Power -want to pull more money to your purse? The other day I was thinking about how to love what you do and add passion power to your pay check. This got me pondering how to sum it up succinctly and here’s what I came up with:

  1. ENJOY AND HAVE FUN – be excited about what you’re doing. Doing meaningful work is vital to your well-being, your worth, your quality of life. Being passionate and bored don’t go hand in hand. Get fired up – be creative. Do what you love, and love what you do.
  2. LOOK AFTER YOU – as hectic as your schedule gets don’t put self-care at the bottom of the list. Good health goes hand in hand with happiness, and happiness is a big pre-cursor to success. Remember you can’t help others permanently if you persist in doing for them things that they are perfectly capable of doing for themselves. Put your own oxygen mask on first!
  3. BE BOLD, BE BRAVE – believe in yourself and don’t be afraid to go after your dreams. Aim high and take calculated risks, figure out what the downside might be and take steps to minimise/by-pass them and protect yourself.
  4. BE YOU – everyone else [according to Oscar Wilde] is pretty much taken. Being genuine is important and being true to yourself likewise. Phoney’s are easy to spot, so aim to be authentic in how you show up and what you do.
  5. REPUTATION IS ALL – always treat people with respect, treat them how you like to be treated yourself. Listening, really listening is an amazing gift [see my Listening page] Don’t over react, try to be kind and considerate, in business or at work under promise but go the extra mile and over deliver.
  6. GO FOR IT! – say yes, get out of your comfort zone and try something new. Meet new people, experience new places. Get out of your own way. Don’t let negative chatter and artificial limitations hold you back. Relinquish control and go with the flow sometimes.
  7. GIVE – make a gift of your time, go out of your way to help someone. Allow yourself to feel good about helping someone. Try this: take a note or two [dollars/ yen/euro/sterling etc] of a denomination that you feel comfortable gifting to a stranger. Pop it into a card which inspires and motives you, or has some special significance or meaning. Then select a name and address at random and post the card to the person. Make their day – imagine opening a gift from an unknown source. How generous to put a smile on their face? Feel pleased at sending out unexpected happiness. Then make a mental note to notice what happens, and expect to see the gift reciprocated – doubled – tripped in some way, not from the same source but from the universe.

To find out more about the magnetic green energy of GIVING and ‘Pursing your Passion’, explore my website : I’d love to hear about your gifting returns, so please drop me a line sometime and share or join the discussion and post a comment below:

To get periodic news about our online courses and E-books which are being developed sign up below:

In love and light.

Jill Hughes Wealth Coach Signature