{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ep. 224 - Don\u2019t Believe the Hype: How Married Entrepreneurs Can Make Smarter Investment Decisions","description":"In this episode of Thriving in Tandem, Robert and Kay Lee unpack the dangers of making impulsive business or investment decisions based on hype, emotion, or pressure. Whether it\u2019s a flashy marketing strategy, a \u201ccan\u2019t miss\u201d real estate deal, or a new business venture, many married entrepreneurs get swept up in the excitement without counting the cost. Drawing from real-life lessons\u2014some painful\u2014they discuss how couples can safeguard their finances and their marriage by slowing down, asking the right questions, and aligning their risk tolerance. Together, they walk through key decision-making pitfalls: FOMO, emotional buying, and lack of due diligence. You\u2019ll learn how to avoid being manipulated by urgency or scarcity tactics and how to test business ideas in small ways before investing big. Most importantly, Robert and Kay Lee show how couples can communicate through their differences in risk tolerance and move forward in unity\u2014because your business should grow your wealth, not blow up your relationship. Want to live a better balanced life and win in marriage AND business at the same time? Purchase our (audio) book Tandem: The married entrepreneurs\u2019 guide for greater work-life balance. https:\/\/www.thetandembook.com\/ Download the 5 Daily Habits to Thrive in Tandem https:\/\/marriedentrepreneur.co\/5-daily-habits-download&amp;nbsp; Need some insight into how to balance it all? Schedule a free discovery call. https:\/\/marriedentrepreneur.co\/lets-talk Key Takeaways:   Risk tolerance matters\u2014especially in marriage. Know yours, know your spouse\u2019s, and talk about it before you\u2019re faced with a big decision.   Don\u2019t let hype override wisdom. Watch out for pressure tactics like limited-time offers or guaranteed returns\u2014they\u2019re red flags.   Test before you invest. Whether it\u2019s marketing or real estate, start small. Use low-cost or no-cost methods to gauge results first.   Emotions + speed = danger. Fast decisions made under emotional pressure are more likely to backfire. Take time to assess the risk.   Do your due diligence. Ask hard questions. Get wise counsel. Research independently. Don\u2019t rely solely on what a salesperson says.   \ud83d\udca1 Bonus Tip: Discuss hypothetical investment decisions when you're not under pressure. It helps you understand each other better and prepares you to make wiser choices when it counts. ","author_name":"Thriving in Tandem: The podcast for married entrepreneurs","author_url":"https:\/\/www.marriedentrepreneur.co","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/38317590\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/193366570"}