Romance Risk Profile: Safe or Sparkling?

Author: Shayne Sommer
Category: Manage Finances

“Oh Suz, I’ve got a decision to make …” Elle shared as she joined her friend on the lounge in the hotel lobby, taking her seat with a sigh.

“Tell me more,” Suz offered, as she beckoned the waiter to bring two flutes of champagne to ease her conversation with Elle. “So, you met up with Simon before the group dinner didn’t you?” Suz enquired.

Elle nodded, she had been keen to spend a little more time with Simon alone before catching up with the gang – he was good-looking, a lot of fun and had a charm about him, all very attractive features. They shared a stroll along the boardwalk at dusk. They took in the harbour views and shared fleeting embraces as those embarking on new romances do as they passed waterfront venues on their way to the restaurant.

As they approached the group dinner, Simon commented on how the restaurant selected for tonight’s catch up was “totally a Paul pick”, it was several streets back from the harbour, nothing too fancy and had pretty simple decor and set up.

Over dinner, Paul suggested that the gang go for pitchers of sangria as an option for beverages, avoiding the inflated ‘wine by the glass’ prices on the menu.

Elle caught Simon’s eyes rolled at the suggestion, it was subtle enough, but it was definitely there. The moment stayed on her mind longer than the time it took to pass.

Elle felt for Paul, he was just trying to keep the costs under control. Recently she’d gotten to know him too, he was sweet and had a kind face, but she had noticed that he almost always took the most frugal option at each opportunity.

Both Paul and Simon had expressed in continuing a romance with Elle, and she was perplexed at her options. “Paul just feels, so,” she paused and struggled to find the next word, then it came, “safe,” she said.

Suz nodded and encouraged her to continue, “and Simon feels …” she led.

“Oh Simon,’ she sighed, “he’s just a bit more fun. He’s not ‘unsafe’, just he’s happy to not always look at the price tag,” she elaborated. “I’ve always been that bit more conservative, with money” Elle added, “and it’s something I’ve wanted to work on – allowing myself to enjoy some of my savings, not all the days are rainy ones, you know?”

Suz gently laughed, sipped her champagne and posed the question, “So, you’re making a choice between safe and sparkling then?” Elle smiled and joined her friend in a smirk and further sip of champagne, and beckoned to the waiter for two more flutes for them to share.

As she raised her second flute of champagne, Elle toasted, “to enjoying sunny days, with a sparkling wine and perhaps a sparkling Simon too!” Elle realised that her decision making wasn’t only related to the gentlemen themselves, but her own relationship with money and the attitudes and beliefs she wanted to curate in her life.

Research shows that an individual’s experiences can shape their behaviour. Studies show that people who grew up during periods of high inflation or recession are more likely to invest conservatively, while those who came of age during strong share-market conditions tend to favour growth-oriented assets.

In much the same way, a prospective partner often feels more comfortable when their financial history and beliefs align with your own. Starting a relationship, whether financial or personal, with someone who has a very different tolerance for risk or approach to money can be challenging.

Take time to reflect on whether your current beliefs are serving you or holding you back from becoming the investor you want to be, while remaining mindful of the consequences of taking on additional risk.

Reference – “The Psychology of Money, Morgan Housel”.

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Authors

Vanessa Stoykov

Vanessa has been passionate about writing and storytelling since her days of hiding under the doona with her torch to read after bedtime.
Kathy Skantzos

Kathy is a yoga-loving world traveller who also happens to moonlight as a business journalist and writer. She was the finance editor of news.com.au and the Managing Editor of CEO Magazine (Asia) before joining Vanessa and the evo squad.
Shayne Sommer

Shayne is second dan black belt in karate, and a budding romance writer with a difference. Why? Because she writes romance stories that always have a money lesson.
Antoinette Colbran

Specialising in stories for 50+ women, Antoinette draws from her own experiences to help other women avoid the pitfalls and see the benefits of understanding their money situation.
Michael Crooks

Michael Crooks is a more than 20 year writer and documentary maker who has worked with Time Inc and the BBC, who wants to expose the truth from real victims of financial crime to help others avoid their mistakes.
Kim Payne

Kim Payne has spent the past three decades as a speaker, trainer, business coach, and consultant in financial services. She has worked with and transformed hundreds of brilliant, educated, high achievers who are chronically under-living.
Rebecca Pritchard

Rebecca Pritchard is on a mission to help men and women achieve equality when growing a family.
Antony Perring

Ant is a writer, designer and business builder with a love of food, design and good living. He writes on food and money in an easy to do way.
Julie Hyde

Julie Hyde is a leader of leaders. A disruptor and a powerful people enabler who empowers leaders to make big things happen.
Joshua Pennell

As a Dad to four kids and a business owner, Josh is passionate about family and finances and is known as The Family Finance Guy.
Sid Lal

Sid is a serial entrepreneur who set up his first business when he was still in University. Since 2009 he has been heading Bruce Clay, first in India & more recently in Australia.
Lou Johnson

Lou Johnson believes in the power of sharing stories to build empathy, understanding and connection. Growing up surrounded by books and storytelling, alongside her drive to make a difference led her to a highly successful career in book publishing.
David Rae

Dave is a CERTIFIED FINANCIAL PLANNER® professional and has been a financial adviser since 2003. He works with a range of clients and has a strong focus on ethical and sustainable investing.
Natallia Smith

Natallia specializes in assisting pre-retiree single women—whether they are never married, widowed, separated, or divorced—understanding deeply the importance of financial stability during life's pivotal moments such as separation, divorce, retirement, and the loss of a loved one.
Mark Hoy

With over 15 years of experience in financial services, Mark established Wollemi Wealth Management in 2013. His business is built almost entirely on referrals and word of mouth — a testament to the trust, integrity, and long-term relationships he forms with his clients.
Derek Gascoigne

Derek Gascoigne is the State Manager for UniSuper Advice in Victoria and Tasmania. Derek has been with UniSuper for over 15 years, and his career in superannuation and financial services spans 27 years and counting.
Annika Bradley

Annika Bradley is Head of Advice Strategy, Research & Technical at UniSuper. She brings over 20 years of experience across investments and wealth management in both the public and private sectors.
Wayne Leggett

Wayne has been a recipient of numerous industry awards and was one of the first to qualify as a Certified Financial Planner (CFP). He has been heavily involved in industry affairs at the highest level, including serving as national president of the Association of Financial Advisers (now FAAA).
Conrad Francis

Conrad Francis is the Founding Director of Inspired Money, a Perth-based financial coaching and financial planning, mortgage broking and money coaching firm he established in 2011.
Andrew Beks

Andrew Beks is a Chartered Accountant and the founder of Simplified Business and Accounting.