10 habits of financial power couples


John Schneider

John Schneider

Blog author John Schneider

John Schneider has over 20 years of experience writing about money, with a focus on the queer community, being featured in Yahoo Finance, Business Insider, Time and more. With his husband and business partner, he co-owns Debt Free Guys and co-hosts the Queer Money podcast, a podcast about the financial nuances of the queer community.

Published|5 min read

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We all know that one couple who has it all together, who is firing on all cylinders. They have great jobs, great children, and great lives. They always seem to succeed even when they fail. They’re happy, healthy, and vibrant.How do they do it? What can we learn from them? Here are ten habits of power couples that you can apply to your life.

1. Power couples overcome limiting beliefs

Most of us acquire limiting beliefs about money, about ourselves, and about what we’re worth as we grow up. The fact that society struggles with talking about money positively doesn’t help.However, power couples and influential individuals learn to overcome their limiting beliefs. They know that they can’t be their own worst enemy; otherwise, they’ll never succeed. One of the many benefits of being in a partnership is that one can lift the other when the other is down.Adopt a daily practice of reciting positive affirmations. Often our conscious and unconscious minds aren’t in sync. Motivational speaker and CNN host Mel Robbins says that we would all be put into institutions if others could hear our internal dialogue. Reciting positive affirmations out loud helps change the internal dialogue of which you may not even be aware.

2. Power couples never stop learning

Mahatma Gandhi said, "Live as if you were to die tomorrow. Learn as if you were to live forever." Power couples never stop learning. They read, they listen, and they watch all with the intent of learning more.They engage with people with contradictory opinions, too, because they know, as Robert A. Heinlein said, "I never learned from a man who agreed with me." While finding people who agree with us may be reaffirming, it doesn’t make for progress.With the internet, there are a multitude of resources where you can learn a lot at minimal cost. Download free and cheap books on your e-reader. Download free podcasts on your smartphone. Watch YouTube and other videos and webinars online and read blogs.

3. Power couples take risks and fail forward

Power people take risks. They aren’t afraid to fail. They don’t like to fail, but they know that comfort stifles progress. Influential people aren’t afraid to fail because they know that when they’re not winning, they’re growing. As Oprah said, "Turn your wounds into wisdom."Many people in power couples start their own businesses, and many have multiple business or multiple streams of income. The value of multiple streams of income is why pop stars also have perfume and clothing lines in addition to potentially short-lived music careers.People in power couples also work to become leaders of industry. Therefore, they’re always looking out for the next opportunity and aren’t afraid to job hop. Often, staying in the same position for too long is too wrong.Look for ways to monetize what you already do to create multiple streams of income for yourself. Consider projects that you and your partner can work on together to increase your household income. Finally, those who look for opportunities find them, so always be on the lookout for the next big break and remember that sometimes even lateral moves are one step towards progress.

4. Power couples support each other’s mutual and exclusive goals

Successful people have clear, achievable goals. Successful couples support each other’s goals. They may not have the same exact goals, but they support each other. Power couples act as each other’s accountability partners and as mini-mastermind groups.Clearly visualize the lives you want to live, the goals you want to achieve, and the people you want to be. Make sure you both know what each of you wants as individuals and as partners.Agree to become each other’s biggest cheerleader. Backing each other like this doesn’t mean that you should blindly support every action and decision the other makes, because we all need honesty. But even having someone there to say "you can do it" after you fail is an important form of support.

5. Power couples spend less money than they earn

Successful couples know that it’s impossible to be financially successful if they spend more than they earn. They may look like they’re living large, but they’re not living beyond their income.They have budgets and use tools to stick to their budget. They understand what Soren Kierkegaard meant when he said, "Anxiety is the dizziness of freedom" and that a budget is not restrictive but liberating.

6. Power couples give back

Power couples understand that "to whom much is given much is expected." They find causes and initiatives that are important to them and donate their time and money accordingly.It’s in giving that we find our purpose. Being a power person or a power couple is useless if we can’t use it to help others. Find causes that inspire and motivate you and your partner, and you’ll locate the fuel to do what it takes to become the success you want to become.

7. Power couples make health and fitness a priority

Successful people don’t manufacture false ideals or obsess over body image. They simply know that their health leads to success and their brand requires a healthy image. Therefore, they take care of their bodies and their appearances without sacrificing rule number five: don’t spend more than you earn.

8. Power couples spend their time with like-minded people

Successful people know, as Jim Rohn said, "you’re the average of the five people with whom you spend most of your time."They don’t exclude themselves from everyone else. As Bob Proctor says, they spend time with their other friends, just not as long and not as frequently. Therefore, find people who push you and your partner to be better, to think bigger, and to grow more.

9. Power couples make play work and work play

Successful people know that time is money and money is time. They blend playtime with work time—whether it’s dinner or travel or adventuring, they connect with their network and their network’s network to build both business and personal relationships.Start to consider how you can mix business with pleasure to maximize your time. It’s not that you and your partner must always "be on" or that you can’t recharge, but figure out how to make the most of most of your time. You’ll be surprised how both your business and personal relationships can complement each other.

10. Power couples recharge themselves; they don’t ruin themselves

These super duos aren’t superhuman. They’re just super successful. They know when and how to unwind without breaking rule number five.Taking a break doesn’t mean breaking the bank. Unwinding physically and mentally doesn’t mean overdoing it with your vices. However, a successful life requires a healthy balance, so don’t deny yourself the occasional indulgence.If you and your partner want to be a successful couple, start acting. Figure out your goals and the objectives needed to achieve them. Then, use these rules to become the power couple that inspires others.

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