Philip Olson's "Two Cents" on Managing Money in Marriage

You may know Philip Olson (and his wife Julia Lorenz-Olson) for their quirky, fun web series Two Cents, a weekly personal finance show on PBS aimed at millennials and Gen Z. Philip and Julia also founded The Art of Finance, an Austin-based financial services firm that helps clients in the creative industry. Listen to how Philip and Julia manage their own money and home together. 

Show Notes

• 0:00~1:00 Introduction
• 1:00~2:00 Two Cents introduction
• 4:00~6:00 Philip’s family dynamics 
• 6:00~7:45 Benefits of couples therapy
• 7:45~9:11 The need for a mental health paradigm shift
• 9:11~12:00 Equal division of labor in the home 
• 12:00~12:15 Communication is key
• 12:15~15:30 It’s okay to not always be the breadwinner 
• 15:30~17:30 Fiduciary Standard and it’s importance
• 17:30~21:45 Specific examples of the importance of fiduciary standards 
• 21:45~23:00 Key takeaway for consumers 
• 23:00~26:00 Part 1: How Philip and his wife manage money together; YNAB (app)
• 26:01~28:00 Part 2: How Philip and his wife manage money together; Be partners and talk about finances with your spouse 
• 28:00~30:00 Tips for listeners to manage money with their spouses; Monthly budget committee meetings 
• 30:00~33:00 Key takeaway 
• 33:00~34:30 Conclusion

Related Resources and Articles

• PBS Two Cents: https://www.pbs.org/show/two-cents/ 
• PBS Two Cents: How Cars Can Keep You Poor: https://www.pbs.org/video/how-cars-can-keep-you-poor-eymzdq/ 
• The Art of Finance: https://theartoffinance.biz/ 
• Online Courses: https://moneymarriageu.thinkific.com/ 
• Budgeting App Philip brought up: YNAB

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