No Support!

5 Replies

How do I succeed when my husband is so against this and it keeps causing arguments between us?

Marcy, I would say that getting your husband on board is going to be a pretty important key to your success....I bought my wife a copy of "Rich Dad, Poor Dad" and that really helped give her an understanding as to why and what I was trying to do.

That is a great question!

The answer is that it will be nuch harder with an unsupportive spouse,   I have seen many investors burn out and give up because they had no support at home. 

There are three potential winning strategies here. 

The first is to educate your spouse about your dream and why real estate is the path to that dream.   What you are asking your spouse for is trust.  He needs to trust that you know what you are getting into despite his preformed ideas.  Try explaining specific deals to him and show him how you could profit, in theory, as a purely intelectual exercise.  See if he will play that game with you.

Secondly and much more effective is the shut up check.  Spouses tend to shut up when you actually produce a check from your efforts.   This magic check turns theory into reality.  Then you can explain the deal in past tense. 

A third option is to get him into conversations with other investors who are really making money, This is hard if you dont have success in your immediate social circle. 

IF all else fails, ask him point blank, why dont you support my attempt to better our lives?  Then you can deal with whatever objections he raises.

It is not easy but converting an unsupportive spouse can be done.

To your success

Josh

This is a hard one and a question asked a lot on here.  My wife doesn't participate with me but she does listen when I talk about deals, asks questions, is aware of the money that is used, and supports it.

Bottom line is he doesn't have to participate or even really understand it, but in my personal opinion he does need to support it and trust you.  If he doesn't trust you and/or support it, your journey is going to be 10 times harder.  It will literally be the hardest thing you ever do.  Good luck.

This may be a bit cheesey  but Robert Kiyosaki has a board game called Cashflow.  The whole purpose is to build your investments up until their income surpasses your expenses and you graduate from the rat race.

My wife and I have played a few times and it really opened up her mindset to see real estate as a viable financial vehicle.

I could never get her to read all of the books ect she just wasn't interested. 

I finally told her to just trust that I will maintain a healthy emergency fund and not over extend our finances.  I think after all of that it boiled down to her being afraid I was getting in over my head.  After all she had no idea how many hours I have spent studying planning saving ect to get myself in a position and mind set to even be ready to start investing.

It will take time and patience to win them over.

Good Luck

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