In my opinion, I think one of the most important topics in life, whether before or after tying the knot, is how we manage our finances with our partner. Especially in Malaysia, this issue has always been mishandled and taken lightly.
As a Divorce Lawyer in Malaysia for more than a decade, 95% of my clients never discussed, nor made full and frank disclosure about this issue before getting married. None of them tried to read up books on how to maintain a marriage or attend pre-marriage counselling. Guys, marriage plays an essential role in everyone’s life. If you do not equip yourself with knowledge and wisdom, then what is the point for you to enter the marriage?
Many couples innocently thought that through marriage their financial problems can be resolved because they have each other’s backs when it comes to buying their first home, automobile, and other daily life expenses. Although it sounds nice and all, but is this truly a happy marriage?
Some of my girlfriends told me their dream is to marry a rich guy and it will change their life forever. In fact, there are a few guys that approached me and told me that I would be the most suitable future wife to them because I am financially independent, and that I would be able to stand on my own feet one day if anything happened to the family. My goodness, marriage is NOT a magical place to let anyone gain wealth nor it is a business platform for anyone to freely deal with their trading! This is the basic misconception for the 80’s and 90’s babies in Malaysia.
In tandem, among the 95% of the divorce clients, over 60% of them do not know about their current financial status of their other half. When I sat down and talked to them, I realised that many people have this thought that personal financial status is a secret issue and that they should not reveal it to their life partner.
From the private conversations among those divorce clients, I noticed that both parties do not trust each other, and lack of confidence towards their marriage indirectly caused their marriage to break down. Both parties weigh their money more than their marriage.
This issue has arisen in my personal LDR as well. My boyfriend has always been reluctant to talk about this issue. After a deep discussion, both of us agreed that we shall make a full and frank disclosure with our financial profile, therefore both of us will understand each other more. We will have a clear direction on how to work up our future marriage or relationship, as we will know how to spend our money wisely and use our money in a more appropriate way. This should be a great issue for both of us to discuss and plan for the budget for our upcoming travelling fees and daily expenses.
Couples will feel more confident to walk hand in hand and both of you will have a clearer direction for your future after you have opened this financial issue to each other. Remember, it is never too late to act! It is better than not knowing anything and just let it be as if nothing happened. We are human beings, and mistakes are meant to be made, but they are also meant to be corrected.
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Lots of love,
#Malaysia Divorce Lawyer
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Malaysia Divorce Lawyer Malaysia: WILLIAM FLORENCE & PARTNERS 马来西亚离婚律师 is a law firm located in Johor Bahru founded by WILLIAM LIM WEI LOON and FLORENCE TOH THE TENG
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