try to get spouse on board to invest in real estate

[Jerry Guzman]

hi everyone! so i am nowhere clsoe to getting ready to invest in real estate but i wanted your help. 

i spoke to my wife about future plans of investing in real estate. she did not take that well. she is very short term minded like making sure the house is fixed up. paying my student loans down. credit card down. making sure the kids are taken care of. all very important things but i am looking long term. i am the one who opened up the kids college savings account and got my sons savings account over 1k in savings getting ready for him to buy a car in about 5 years.

so i do have credit card debt about 6k worth and 45k in student loans. i am currently reading set for life by scott trench but how has couples here with kids dealt with there personal finance and talk to there spouse about investing in real estate thanks! 

[Thomas J. Clifford]

I'm in the same boat @Jerry Guzman. This is a pretty big topic on the forum too, so take a look at some of the other threads that have mentioned it - The majority of the advice tends to to land in the area of: You can't be in a sprint if your spouse is at a crawl....Recommend some of the basic books out there like Millionaire Next Door or Rich Dad Poor Dad, and get her to read them. When she reads them, ask her to poke holes in the argument (This is the phase I'm in right now - super fun!) This is your chance to get the conversation started and show that you know more than the average investor (Assuming you are familiar with this lingo).

As far as that personal debt that you carry, you might need to draft a monthly budget, paying down those loans when you can. Maybe by demonstrating some command of the finances (not control, but more of an understanding of fiscal planning and budgeting) this will help set you up as being more driven that most of the folks who just talk about getting started.

Just some of my thoughts - gotta find what works for you.

T.