Your greatest financial asset? Your spouse.

Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking.

The non-working spouse is a very big factor in attaining wealth. In the book, The Millionaire Next Door, the spouse is considered one of the key factors in becoming a millionaire: “Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.” In fact, I believe it is the non-working spouse that is the MOST important factor in becoming wealthy.  Let me show you why.

In our household, I mainly play offense (earn the money) and my wife mainly plays defense (makes sure we keep the money). I earned a relatively high income throughout my career as a surgeon. So, a lot of money was deposited into our checking account that my wife could have spent while I was busy working.

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