Hi All,

Here is an interesting question for you. I was cruising the craigslist forums and I came across a posting by a guy who kicked his fiancee out of the house because she lied about having $60,000 in debt.

Supposedly, it got ugly. This guy packed all her stuff in cardboard boxes and pitched it out on the street. Then, he threw his fiancee’s credit cards at her “like ninja stars”. Later on he said that he she had to sleep in the office or in her car (clicky).

Pretty hardcore.

While I can’t condone the way he broke up with his finance, I do think that a serious breach of trust such as failing to disclose $60,000 in debt, under some circumstances might be grounds for ending one’s relationship – at least before you’re married.

But here’s the question: is it okay to dump your partner for lying about debt?

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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