Divorce a wealth destroyer?
I had a comment recently about divorce being the number one wealth destroyer. Well, I’d like to comment on the idea of divorce and politely disagree.
Though, right up front, let me say that divorce is a heck-of-a-lot more destructive on all parts of your life than finance.
But here’s why I think divorce is not the number one wealth destroyer. Firstly, if you are living debt free principles divorce does not ruin you financially. It might hurt but it is the least of your problems. (And remember you can always work yourself out of a finanical mess) If, however, you are living a Debt Loaded life-style and you get divorced it can set you back financially for years.
The basic problem is always debt. Most marriages end in divorce over money and money pressures. Money problems cause long term health issues. If you are awake at night worrying about money it isn’t because of divorce or the threat of divorce. At the risk of mentioning the bible (I always get tons of comments when I do) it says “neither a lender or debtor be.”
Don’t lend or borrow money is the point but if you’re going to do anything be a lender of the money (the bible).
80% of us borrow money.
The real truth of the matter is your life-style says more about your financial, personal, physical, and spiritual health than anything else.
When it comes to money it is more of a reflection of what you do in your life-style. Yeah, I realize that some divorces are caused by different factors but if you live a debt free life (CASH IS KING) you’ll survive most of life’s rough spots better than most.
David Dassow
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