A quick word of caution; this episode contains discussion of domestic abuse and suicide.
On this episode of CFO at Home, Vince talks with Sarah Doucette, author of "Stronger Than That: A Domestic Violence Survivor Uncovers the Truth About Her Abuser." Sarah shares her story of enduring financial abuse while surviving domestic violence, and the lessons she learned along the way. We discuss Coercive Debt, the importance of each partner in a relationship being knowledgeable about their finances , and how Sarah rebuilt her life post-divorce. You can pick up a copy of Stronger Than That at Amazon.com or wherever books are sold. Also, check out Sarah's podcast What's My Age Again at Whatsmyageagainpod.com, or on your favorite podcast app.
Key Takeaways:
Coercive Debt: Financial abuse can take many forms, including coercive debt, where abusers open credit accounts in their partner's name without their knowledge.
Financial Literacy: Understanding and being involved in household finances is crucial for everyone, regardless of their role in the relationship.
Communication: Open and honest communication about finances between partners can prevent misunderstandings and potential financial abuse.
Support Systems: Reaching out for help and utilizing financial advisors can be instrumental in recovering from financial abuse and rebuilding one's financial health.
Strength in Vulnerability: True strength lies in being vulnerable and seeking help, rather than suffering in silence.
Key Links:
Contact the Host - vince@thecfoathome.com
