Episode 106: Money and Love with Abby Davisson

Abby Davisson is the co-author of the new release Money and Love, An Intelligent Road Map For Life’s Biggest Decisions. In our conversation, Abby explains The 5Cs, a framework she learned as a student at Stanford Business School, that serves as a research based guide in navigating big life choices. We talk about how money and love are intertwined, and how often in the decision-making process we can lose sight of this. If you ever wished Google would answer some of these big life questions for you, this is an episode you won’t want to miss.

In this episode:

We talk about how the 5Cs were a revelation to Abby as a graduate student, and how Abby along with her coauthor Myra Strober, who was the Stanford professor she took this class from, wanted to share the framework outside of higher education to help more people navigate these complicated life choices.

The 5Cs are…drum roll…

1. Clarify what is important to you: to make an effective decision you must first understand what you truly want and what you don’t

2. Communicate: as you clarify what you want, open a two-way dialogue with others involved in the decision

3. Consider a Broad Range of Choices: few decisions are strictly either/or, and one key to better decision-making is broadening your alternatives

4. Check in with Friends, Family, and Other Resources, sharing your thought process or reaching out to others can bring new insights

5. Consequences: weigh the short-term and long -term consequences of different choices before you make a final decision.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, Amazon Music, iHeartRadio, Stitcher, or on your favorite podcast platform

Quote: “Everyone deserves the resources and skills to enjoy both love and money.” Abby Davisson

In this episode, we cover:

● How life choices are constantly evolving

● How the change in gender roles and family structure has changed

● Why big life choices feel overwhelming

● How to approach a partner to engage in the process

● The benefits of slowing down to make more deliberate choices

Learn more about Abby Davisson and Money and Love:

https://www.moneylovebook.com/

https://www.abbydavisson.com/

Connect with The Family Brain:

● Megan Gipson’s Website

● The Family Brain Podcast

● The Family Brain Instagram

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