Men and Money!

07/09/2013 15:22

Males generally have a different behavior in terms of Family financial arrangements. They are prefer not to interfere the household finances and entrust it all to his wife. Men are more interested in getting involved in the financial affairs of a business or investment related to increase assets.

According to a survey by, the majority of men in the United States chose Warren Buffet, the world's richest investors, as their role in the financial aspects. The next role model is their father and Donald Trump, and just about 5% of those who chose      Suze Orman      (popular United States financial planner) as reference for their financial arrangements.

From this survey, the more prove that men are generally more attracted to investments that are directly related to investing in the financial markets and business to pursue financial wealth than how to strengthen the Family finances

There is nothing wrong with this, as long as the task is well run by both of couple. But before deciding to focus on investing and business, there are a few things that you must first to make sure:

Communicate with your partner.

Talk about your financial arrangements with your wife. Ensure all revenue allocations able to meet all the needs of the family routine.

Emergency fund

Make sure your family has an adequate emergency fund to deal with unexpected circumstances.

Calculate the family’s financial needs first.

Make sure that all family long-term financial goals like children's education funds and pension funds have been properly prepared.

Life insurance

Prepare a life insurance policy with adequate insurance coverage.

If all this is done, then you are ready to start investing and doing business as a Warren Buffet and Donald Trump.