00:00Women in book clubs are talking about it, and they are taking more control of their finances
00:05and taking a deep dive into financial planning to understand their household finances.
00:09It's just as you said.
00:10People are reading this book as a cautionary tale and a horror story,
00:14and they are phoning their financial advisors and saying,
00:17I need to crack open the books on my finances with my husband or partner.
00:21And this is the case where women often out-earn their husbands or they're at parity,
00:25except when they take time off to have kids, and they kind of lose some ground here.
00:29So there's this extra urgency and this—once there was a stigma about talking about all this before getting married,
00:36but it's not becoming the case anymore. It's more practical now.
00:40It is less of a stigma, but even so, the numbers show that a lot of women, close to half,
00:46are entrusting their husbands with all of the financial decision-making.
00:50Why? We all have our horror stories in our families of this.
00:54I have multiple horror stories of, I'm the man, I'm smarter than you are,
00:58leave me alone, just trust me, I'll give you the passwords when I die.
01:02That's the status quo still.
01:04Yeah, and we have really smart people.
01:06I mean, take Bell Burden.
01:07She is an Ivy League-educated corporate lawyer, and she still handed this over.
01:11And I think a lot of this comes back to the gendered ways we think about money,
01:16that this is men's work and this is women's work.
01:19And it's kind of cool to hear from these women who are cracking the books,
01:22and even their husbands are saying, well, finally.
01:25There is a broader trend, and this is something you guys wrote about, too,
01:28of young couples signing prenups.
01:30This idea that it's not just men or the wealthy partner in the group.
01:36Everyone is kind of inquiring about this and looking into this to protect whatever assets
01:41or liabilities that they come into the marriage with.
01:43And there are so many reasons for this.
01:44People they're marrying later in life, they have, we talk about this all the time,
01:48they have more investments, more stockholding, so it's not like getting married at age 20 or 21
01:53and both partners have very little.
01:56People are coming into marriage with their own kind of book of business.
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