Chapter
Do You Need a Prenup?
1:09:30 - 1:15:17 (05:46)
A prenup is not necessary for most couples with relatively similar assets. However, it may make sense for individuals with a significant amount of assets, such as a house, inheritance, or business.
Clips
Prenups come into play when a person has major assets such as a house, inheritance or business.
1:09:30 - 1:13:11 (03:40)
Summary
Prenups come into play when a person has major assets such as a house, inheritance or business. The individual with greater assets may pay for the other person's lawyer, and getting married involves the state in one's affairs.
ChapterDo You Need a Prenup?
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
The process of setting expectations for a business partnership is similar to that of a love marriage.
1:13:11 - 1:13:50 (00:38)
Summary
The process of setting expectations for a business partnership is similar to that of a love marriage. Basic terms to agree upon in a pre-nup include ownership percentage, distribution of profits, and decision-making power.
ChapterDo You Need a Prenup?
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
The speaker shares a personal anecdote about how his wife felt unbalanced in their marriage because he had not been transparent about his finances, emphasizing the importance of financial transparency in relationships.
1:13:50 - 1:15:17 (01:26)
Summary
The speaker shares a personal anecdote about how his wife felt unbalanced in their marriage because he had not been transparent about his finances, emphasizing the importance of financial transparency in relationships.