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Have you ever wondered what characteristics are important to millionaires in a partner? Just like everyone else, they have their own green and red flags when it comes to dating.
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Below are some of the most important money habits that many millionaires look for in potential partners, and some habits they avoid.
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they want financial discipline
Philippe Alves, Founder and CEO of DevSquad, said: “Building a successful business from scratch taught me that financial discipline and long-term planning are important in both business and personal relationships.” “For me, one of my partner’s most important money habits is is financial discipline: the ability to live within your means and make thoughtful long-term financial decisions.”
Jason Wong, general manager of Rosedwell Machinery Company, agreed. “I believe in spending discipline,” he said. “When you look at people who live within their means, you see that they are in control of their money and are not easily tempted by lifestyle inflation. I think this idea is important because chasing more can hinder economic growth.”
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They want a growth mindset
In Alves’ experience, running a successful business requires patience and discipline, and he believes the same qualities are important in personal finance.
“Partners who understand delayed gratification and avoid unnecessary debt demonstrate a mindset that values long-term stability and growth,” he said.
they want transparency
“Another habit I value is financial transparency,” Wong said. “When someone is open about their financial situation, it builds trust and creates a solid foundation for future planning.”
He added, “If someone is willing to talk about their money goals, debt, and assets, I know that’s a good sign that they’re serious about long-term security.” .”
they seek self-control
“People who understand the difference between needs and wants and don’t splurge impulsively demonstrate that they are in control of their financial future,” says Ben, CEO of Joy Wallet. Spohn says.
He added: “Billionaires appreciate this because managing what you have wisely is key to building and maintaining wealth. Reckless spending on partners It indicates potential instability and could lead to financial stress in the future.”
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they seek to live within their means
Mr. Spohn said wealthy people are often cautious about protecting what they’ve built, and they seek partners who complement rather than jeopardize that mindset.
“Partners who consistently live within their means and know how to prioritize long-term goals over short-term gratification demonstrate the kind of maturity that pairs well with maintaining a secure financial footing. ” he said.
This kind of discipline reflects broader stability in life, he explained, and makes it easier to envision a future together without constantly worrying about financial disagreements.
avoid impulsive spending
Alves says one habit you want to avoid is impulsive spending. “For me, it’s not about the amount; it’s about the thought process behind financial decisions.”
He said impulse purchases often reflect a lack of planning and consideration of the big picture, and can lead to financial instability in the long run.
“If someone isn’t aware of their own spending, it can create tension around aligning financial goals and managing shared resources,” he says.
avoid lack of savings
“One habit I avoid is not saving enough,” Wong said. “I’ve seen that living paycheck to paycheck without any thought to saving can lead to stress and impulsive financial decisions.”
He added: “I think anyone who doesn’t prioritize building a financial safety net is showing a lack of foresight and could cause problems down the road.”
avoid excessive debt
“Another red flag for me is excessive debt with no repayment plan,” Wong added. “If a potential partner has a large amount of debt but is not actively managing it, I believe it is a sign of poor financial management. This habit It can create instability and affect future goals such as investing or buying real estate.”
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This article originally appeared on GOBankingRates.com: 5 money habits that millionaires look for in potential partners — and 3 they avoid
