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Money and Love

An Intelligent Roadmap for Life's Biggest Decisions

ebook
1 of 1 copy available
1 of 1 copy available

A practical roadmap for navigating life's most consequential and daunting decisions, and an intelligent approach to creating stronger relationships, better communication, and a more secure financial future.

How can my significant other and I get on the same page about spending and saving? Should I consider inflation when asking for a raise? When is the "right time" to have a child? Am I ready for retirement? I feel unprepared for the future—where do I even start? Labor economist and Stanford Professor Emerita Myra Strober and social innovation leader Abby Davisson know that in our daily lives money and love are interdependent. But when faced with daunting questions, rarely do we have the keys to combine both head and heart in a balanced and fulfilling way.

Whereas most decision-making guides focus only on one or the other, Money and Love shows us and our loved ones how to consider them jointly using a step-by-step 5Cs method:

  • CLARIFY: Consider what you want vs. don't through self-reflection.
  • COMMUNICATE: Include input from those who will be impacted by your decisions in your decision-making process.
  • CHOICES: Broaden your perspectives to open up your options.
  • CHECK IN: Ask for advice, guidance, and resources.
  • CONSEQUENCES: Consider the effects of your decisions and how that may impact all aspects of your life.
  • At a time when we are experiencing the most significant shift in work-life balance in decades – marked by changing remote versus in-person work dynamics, financial strain, and the reconfiguring of families and social/professional networks – Strober and Davisson's framework offers simple and effective steps to empower readers to make the best strategic decisions, with guidance to come back to again and again, at every stage of life.

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      • Publisher's Weekly

        October 10, 2022
        Strober, a retired Stanford Graduate School of Education professor, and her former student Davisson present a no-fuss framework for considering the “fraught decisions around money and love.” The authors write that personal relationships and careers need not be in opposition, and suggest instead that the two are “intimately” linked. Their plan for decision-making consists of “5Cs”: clarify; communicate; consider a range of choices; check in with friends, family, and other resources; and explore likely consequences. This process, the authors write, can help readers find a partner (“Try to anticipate the consequences of your relationship decision by pressure-testing it”), decide whether or not to have children (“Why do you want a child? Why don’t you?”), divide household chores (“Checking in with friends and colleagues about housework and family responsibilities is useful. How do they make decisions about who does which tasks?”), and reenter the workforce after having a child (“Whom can you contact about your desire to return to work?”). The authors’ emphasis on planning ahead and their helpful exercises go a long way toward highlighting their simple but powerful point that love and one’s finances are interdependent, and key life conversations should account for both. Readers struggling with big decisions will find this a handy resource.

      • Booklist

        January 1, 2023
        Strober, a labor economist, became the first-ever woman faculty member at Stanford Graduate School of Business and led thousands of students through her popular course on family and money. One couple, coauthor Abby Davisson and her boyfriend, Ross, were at a crossroads and applied the course material to their relationship, leading to a close bond with Strober. The teacher-student pair teamed up to combine decades of teaching and application. They present a road map for life's biggest decisions, including deciding whom to marry, whether or not to have children, where to live, and more life choices through the golden years. The advice is built upon personal accounts, student surveys, in-depth interviews, and research from academic and popular literature. It also covers the 5 Cs of the decision-making framework, letting users choose which section applies to them at the time. Readers will find intriguing stories and end-of-chapter exercises to get them thinking. This book has a broad appeal and will be of interest to those looking for self-help in the areas of personal choices around love and money.

        COPYRIGHT(2023) Booklist, ALL RIGHTS RESERVED.

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    • English

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