75. Love & Money: How to Talk About Big Decisions Together

Do love and money mix? Labor economist and Stanford Graduate School of Business professor emerita Myra Strober says absolutely. 

“Separating money and love is not a good idea. I have had 40 years to think about this, and, in my class at the GSB on work and family, each semester I realize how important it is to intertwine love and money."

In this episode, Matt Abrahams sits down with Strober and social innovation leader Abby Davisson to discuss the thorny topics of work, money, career, and love. In their new book, Money and Love: An Intelligent Roadmap for Life’s Biggest Decisions, the coauthors provide a framework for communicating in and around tough decisions with those we love. These may include caring for aging relatives, expanding your family, changing careers or moving.

“If you are in a relationship, maybe you have kids or other people living in your household, the first thing you need to realize is that your career decisions are going to affect the whole ecosystem,” Davisson says. “It’s very important not just to clarify what you want, but to anticipate and think about the impact on those around you.”

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Episode Reference Links: 

• Myra Strober: Breaking Barriers at Stanford GSB
• Achieving Balance In Work and Life, video with Myra Strober
• Myra Strober: How the Workplace Works — or Doesn't — for Families
• An Economist’s Take on Why Parental Leave Matters
• How Companies Can Solve the Pay Equity Problem
• Strober and Davisson on Forbes

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