How to Avoid the Fallout of “Financial Infidelity” in Your Marriage

about episode 439:

  • August 7, 2023
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Episode #439

What should you do if you suspect financial infidelity from a partner? Money is a taboo subject in many marriages, and it doesn’t help that some spouses take a hands-off approach to personal finance. As you might imagine, this can quickly lead to one partner taking advantage of the other. Today’s guest is helping people save their nest eggs by uncovering and proving financial infidelity.

Welcome back to another episode of the “BiggerPockets Money” podcast! Today, we’re joined by Tracy Coenen, a veteran forensic accountant who investigates fraud, hidden money, and other money “shenanigans” in marriages. Most often, Tracy helps spouses navigate finances during a divorce when emotions are already running high and both parties feel overwhelmed.

Whether you need help unearthing hidden money or getting on the same page with your spouse, this episode is loaded with all kinds of helpful tips, tricks, and resources that will help you get a better handle on your finances. Join Tracy, Mindy, and guest host, Amanda Wolfe, as they discuss the biggest financial “red flags” in a marriage, things to include in a prenuptial agreement, and why the weekly money check-in is so important!

Show Notes at:
https://www.biggerpockets.com/blog/money-439?utm_source=youtube&utm_medium=description&utm_campaign=none
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Why You’re (Probably) Wrong About Prenups:
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Money Dates, Prenups, & Combining Finances:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-82-5-aditi-shekar?utm_source=youtube&utm_medium=description&utm_campaign=none
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Visit Tracy’s Website for More Helpful Resources:
https://fraudcoach.com/pockets
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Connect with Tracy:
Instagram: @divorcemoneyguide or https://www.instagram.com/divorcemoneyguide
TikTok: @divorcemoneyguide or https://www.tiktok.com/@divorcemoneyguide
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Connect with Amanda:
Instagram: @shewolfeofwallstreet or https://www.instagram.com/shewolfeofwallstreet
Website: https://shewolfeofwallstreet.com/
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Connect with Mindy on BiggerPockets:
https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

00:55 Money Moment

01:44 What’s a Forensic Accountant?

07:58 Financial Infidelity

21:10 Keeping Finances Separate

26:43 What Do I Do Now?

38:04 Connect with Tracy!

41:34 Get Educated!
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