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If Football Is Killing Black Boys, Then Why Are HBCUs Participating?

“If you are an adult and — as a physician and a pathologist — I educate you on the dangers and risks of some activity, like smoking or playing football, and you make up your mind to play, I would be one of the first to stand by you to defend your right,” he says. “Even if you take a gun [and] place it on your head to shoot yourself, you have the right to do that. This is America. But as a modern society, I believe we are morally bound to protect the most vulnerable — our children —like we have done with smoking.” – Dr. Bennet Omalu

The NFL has arguably made more African American men millionaires than any other organization in America. Perhaps even more millionaires than even African America men have made themselves in all other non-entertainment industries, but that is a problem to discuss for another time. Football, may also be the leading cause of brain damage for African American boys and men. Let us say that again, football, where many African American boys start playing as early as parents believe they can, may also be the leading cause of brain damage for African American boys and playing a key role in their educational underachievement. America’s most popular sport grabs African American boys as early as five years old and begins the process of violently running them into each other and as they grow up the speed and viciousness of those collisions grows exponentially. This is of course well before the male brain becomes fully mature at the age of 25.

There is immense amounts of research that has been conducted on the post-playing career health issues that many former NFL players face. In an article by Mackie Shilstone for 4WWL he reports, “According to “Musculoskeletal Injury History Is Associated with Lower Physical and Mental Health in a Historic Cohort of Former National Football League players”, which appeared in the June 2021 issue of the Journal of Sports Rehabilitation, “as a collision sport, American football has a high risk of serious physical injury. Data from the National Football League (NFL) indicate that up to 68% of NFL players may be injured in a season.” The article cites a study by University of North Carolina, Chapel Hill, Duke Cancer Institute, Durham, NC, and Ohio University in Athens, Ohio, “among this historical cohort of former NFL players, over 90% reported sustaining at least one musculoskeletal injury during their professional careers. Respondents self-reported that many of these injuries required surgery, resulted in their professional playing careers prematurely ending, and still affected them. The additional findings highlight the large percentages of NFL players reporting surgery (60.7%), a premature end to their professional football career (40.3%), and still being affected by injury (74.8%), further augment the concern about the effects from musculoskeletal injuries on overall functioning across the lifespan,” commented the investigators.” The Washington Post in an internal survey of former NFL players in 2013 reported, “Nine in 10 said they’re happy they played the sport. But fewer than half would recommend children play it today. Nine in 10 former NFL players reported suffering concussions while playing, and nearly six in 10 reported three or more. Two in three who had concussions said they experience continuing symptoms from them.” The damage on these men’s health and brains playing football for most of them over 20 years of their life and during the formative years of their brains primary development is truly astounding. As it pertains to youth football’s damage specifically, “A CDC study published in Sports Health reports youth tackle football athletes ages 6 to 14 sustained 15 times more head impacts than flag football athletes during a practice or game and sustained 23 times more high-magnitude head impact (hard head impact). Youth tackle football athletes experienced a median of 378 head impacts per athlete during the season versus 8 in flag football.” That means an African American boy participating in youth football is experiencing 1.04 head impacts per day for an entire year if they were evenly spread out, but we know the season is not a year long which means the bulk of those impacts come in very short windows and in abundance. And yet, there is so much more we do not know.

We do not know what happens to brains that have played football from age five to twelve and how it impacted their long-term cognitive development. There have been millions of Black boys who never make it playing football beyond high school or college, but have just as likely suffered acute brain damage along the way for decades. African American boys have the lowest high school graduation rate and the highest participation rate in youth football K-12. Coincidence? Perhaps, but not likely and even the mere suggestion of it seems too upset many diehard African American football fans who see football as a path to American delusional meritocracy. Are there other factors at play impacting African American education? Certainly, but African American girls are experiencing much of those same systemic realities. One of the major differences though is football and arguably the brain damage that degrades African American boys minds collision after collision and concussion after concussion for as long as that boy plays, but the echoes and reverberation of the damage echoes for much longer. Potentially causing damage in the brain’s fragile state that may never be repaired. While we do know the health implications are grave and acute, we do not know to what extent. However, we do know that the social and economic costs have been and continue to be immense.

In every educational statistic, African American boys are either last or next to last (Latino/Hispanic boys being the only other option and that gap is starting to widen). Resources that could be and should be pouring into African American boys education from early childhood are instead poured into sports. Money being raised to participate in youth sports is money not being spent on education or education supplement. A few troubling statistics from a 2015 Education Week article showed, “Black boys are more likely than any other group to be placed in special education classes, with 80 percent of all special education students being Black or Hispanic males. A U.S. Department of Education report found that in schools with at least 50 percent Black students, only 48 percent were certified in the subject, compared with 65 percent in majority white schools. In English, the numbers were 59 and 68 percent, respectively and in science, they were 57 percent and 73 percent. In 2014, the Black Star Project published findings that just 10 percent of eighth-grade Black boys in the U.S. are considered “proficient” in reading. In urban areas like Chicago and Detroit, that number was even lower. By contrast, the 2013 National Assessment of Education Progress found that 46 percent of white students are adequate readers by eighth grade, and 17 percent of Black students as a whole are too. The achievement gap between the two races is startling, but the difference between the NAEP report on Black students as a whole and the Black Star findings of just Black boys is troubling too. It is not simply Black children in general who appear to be failing in the basics – like literacy; it is the boys. Black students make up just 18 percent of children in U.S. preschools, but make up half of those youngsters who are suspended. Black boys receive two-thirds of all school suspensions nationwide – all demographics and both genders considered. By 18 years of age, 30 percent of Black males have been arrested at least once, compared to just 22 percent of white males. Those numbers rise to 49 percent for Black men by the age of 23, and 38 percent of white males.” Between special education, illiteracy, and discipline, there are certainly arguments for systemic attacks on Black boys, but there is also internal community conversations about the allocation of resources we pour into our boys to counter those issues. Instead, we are pouring resources into a sport that is compounding the issues.

Then there is the damaging psychological impact on Black boys’ mental health. William Rhoden in his book $40 Million Dollar Slaves describes that impact in these terms, “Though integration was a major pivot in the history of the black athlete, it was not for the positive reasons we so often hear about. Integration fixed in place myriad problems: a destructive power dynamic between black talent and white ownership; a chronic psychological burden for black athletes, who constantly had to prove their worth; disconnection of the athlete from his or her community; and the emergence of the apolitical black athlete, who had to be careful what he or she said or stood for, so as not to offend white paymasters.” Black boys from as early as they show any modicum of athletic talent (and in a lot of cases even when they do not) are taught their bodies are all that matter. Football especially takes the approach that more instinct and less thinking is better. It encourages aggression, which of course are great on the football field, but not in classrooms, communities, and relationships. Unfortunately, Black boys are rarely given the chance to be well rounded with things that allow them to think and develop healthy expression so that they know when to turn on and off that aggression. Instead, they operate in life like a bull in a china shop and the African American community suffers the consequences. Unless of course they show exceptional talent that major college football and NFL teams can profit off of and then they are given a pass for their toxic behaviors further incentivizing African American boys to want to invest their time into the sport. And if everyone else is profiting off of it, then why should HBCUs be any different? If African America loved Black boys, then HBCUs would be different.

HBCUs in a lot of ways parrot what PWIs do. Our models at HBCUs are rarely African American centered. While the student body may be predominantly African American, the agenda and the mission objectives are rarely so focused on the empowerment of African America’s social, economic, and intellectual interests. Deion Sanders at Jackson State, to no fault of his own, has renewed a falsehood that many HBCU alumni believe – if the football talent that went to PWIs came “home” to HBCUs, then the financial windfall would be the answer to our prayers. HBCU alumni ignore all of the realities of things like boosters’ wealth, affluent and large alumni bases (Penn State University has approximately 700,000 living alumni) that attract multimillion dollar sponsorships, businesses owned by alumni who provide all types of indirect monies into these programs, and lastly the anti-Blackness that many PWI programs and their leadership operate with treating Black athletes as nothing more than a commodity to be used and thrown away like an orange for their Sunday morning breakfast. The SWAC/MEAC spent $213 million in expenses as of 2019-2020 on their athletic programs, while only generating $52 million in revenue (without counting student subsidies). It is safe to say that the bulk of that money goes to football – just like every other college and university. Perhaps we think that more players going to the NFL and getting drafted will result in more large donations to our institutions. Historically, athletes have never been the major donors to any college or university. The largest donors to colleges and universities have been, continue to be, and will be those who have founded, own, or have some sort of business wealth. Phil Knight, the owner of Nike, in 2021 was the second largest donor to a college and university (an anonymous donor was number one), donating $500 million to the University of Oregon. Knight and his wife have donated over $1 billion in total to the university over the years. An amount greater than any HBCU endowment. So instead of chasing a bridge to nowhere, what could HBCUs be doing with more of their athletic budgets?

HBCUs could be redeploying a consequential amount of that $200 million into programs that would significantly impact the K-12 pipeline for which many African American boys treacherously traverse as mentioned. It would even help to support the number of African American young men they have on their campus where there is also a major enrollment and graduation gender gap. Ensuring that increasing the graduation rate among existing HBCU men would be highly prudent. Many HBCUs have a significant case for starting and founding their own K-12 school system, which would increase the pipeline of African American students into their institutions and would especially allow for African American boys to be seen as something to be cultivated intellectually instead of just physically. The notion that we could do something more impactful for African America rather than give it more of something that we do not need and is ultimately detrimental to our community development seems to be a comfort zone that we are unwilling to breach or even have a rational conversation about. The brain damage to African American boys who then suffer from notable academic achievement has had acute consequences on family formation in our community because African American women are in mass unable to find intellectually and economically equitable partners in African American men who once the cold water of their pro athlete dream is doused wander in a proverbial desert. Along with a community that desperately needs more Black boys to become doctors, teachers, entrepreneurs, and ultimately men who are capable both physically and mentally available. All things it is arguably we are complicit in taking away from them. So if HBCUs are truly to be institutions for African America’s empowerment, then we must – absolutely must – do everything we can do to save African American boys, even from ourselves.

The 2019-2020 SWAC/MEAC Athletic Financial Review

In the fourth HBCU Money report on the SWAC/MEAC’s athletic finances, there has been one trend that is consistent – an acute amount of red on the balance sheet of each respective HBCU as it pertains to their athletic departments and it continues to grow redder and redder. Since HBCU Money first began reporting the SWAC/MEAC Athletic Financial Review, there have been losses of $128.6 million (2014-2015), $147.1 million (2016-2017), $150.7 million (2017-2018), and this year they continue their trend of the athletic black hole with losses over $161 million through athletics with no correction in sight. Not exactly the cash generating juggernauts that HBCU alumni have in mind when it comes to how deeply many believe that athletics can be the financial savior to HBCU financial prosperity. Instead, athletics seems to be potentially at the crux of many HBCU financial woes. Almost unfathomable is that many in the SWAC/MEAC have athletic budgets higher than their research budgets.

The harsh reality is that even with all the popularity buzz generated by Jackson State University’s head football coach, Deion Sanders, the factors working against HBCU athletics ever achieving real profitability remains a pipe dream at best. To land a major television contract, which is the only reason on mass that the SEC and Big 10 are the profitable athletic programs they are requires something that HBCU alumni bases severely lack. Large fan bases that have high incomes and an affluence. The harsh reality that HBCUs have small alumni bases, a reality that has been exacerbated post-desegregation where now HBCUs only get 9 percent of African Americans in college, combined with African America having both the lowest median income and wealth do not make for a recipe for advertisers to pay top dollar to television stations who would then healthily compensate HBCU institutions. HBCU athletics can be profitable, but it requires a completely different business model than our PWI counterparts. See, “The 5 Steps To HBCU Athletic Profitability”.

HBCU athletic revenues went down while expenses and subsidies went up in 2019-2020. That is usually a trend all would prefer be flipped. Students continue to bear the brunt of generating HBCU athletic revenues. This year’s review shows that approximately 73 percent of HBCU athletic revenues are generated through subsidies, up from 70 percent the year prior. Something to consider when 90 percent of HBCU students graduate with student loan debt.

REVENUES (in millions)

Total: $200.4 (down 1.2% from 2017-2018)

Median: $10.3 (down 4.6% from 2017-2018)

Average: $10.6  (up 5.0% from 2017-2018)

Highest revenue: Prairie View A&M University  $18.7 million

Lowest revenue: Coppin State University  $2.8 million

EXPENSES (in millions)

Total: $213.0 (up 0.5% from 2017-2018)

Median: $12.5 (up 15.7% from 2017-2018)

Average: $11.2 (up 5.7% from 2017-2018)

Highest expenses: Prairie View A&M University  $18.7 million

Lowest expenses: Mississippi Valley State University  $3.9 million

SUBSIDY

Total: $148.4 (up 4.9% from 2017-2018)

Median: $6.4 (down 18.4% from 2017-2018)

Average: $7.1 (unchanged from 2017-2018)

Highest subsidy: Prairie View A&M University $15.5 million

Lowest subsidy: Coppin State University $1.7 million

Highest % of revenues: Delaware State University: 92.0%

Lowest % of revenues: Florida A&M University: 37.0%

PROFIT/LOSS (W/ SUBSIDY)

Total: $-12.7 million (down 40.0% from 2017-2018)

Median: $0 (up 100.0% from 2017-2018)

Average: $-666,295 (down 46.3% from 2017-2018)

Highest profit/loss: North Carolina A&T State University  $615,094

Lowest profit/loss: North Carolina Central University  $-6,264,082

PROFIT/LOSS (W/O SUBSIDY)

Total: $-161.0 million (down 6.8% from 2017-2018)

Median: $-9.8 million (down 40.0% from 2017-2018)

Average: $-8.5 million (down 13.3% from 2017-2018)

Highest profit/loss: Mississippi Valley State University  $-2,177,123

Lowest profit/loss: Prairie View A&M University  $-15,417,471

CONCLUSION: At current, it would take an approximately $4.3 billion endowment dedicated to athletics to ween the SWAC/MEAC off of these subsidies onto a sustainable path. A sum greater than all HBCU endowments combined. Perhaps through merchandise sales, Jackson State could see its way to profitability without subsidies. Perhaps, but as former HBCU alumnus and NFL Hall of Famer Shannon Sharpe recently said, “There is only one Deion Sanders”. One thing is for certain, HBCUs have not done a proper cost-benefit analysis for the money they spend and subsidize to their athletic departments nor have they explored potential alternative models.

Editor’s Note: Howard and Bethune-Cookman are excluded in this report because they are private institutions and their athletic finances were not included in this report.

Source: USA Today

HBCU Money’s 2022 African American Owned Bank Directory

All banks are listed by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

OTHER KEY FINDINGS:

  • African American Owned Banks (AAOBs) are in 15 states and territories. Key states absent are Maryland, Mississippi, New York, Ohio, and Virginia. Liberty Bank & Trust is headquartered in Louisiana, but has a presence in both California and Tennessee. OneUnited is headquartered in Massachusetts, but also has a presence in Florida.
  • There has not been an African American Owned Bank (AAOB) started in 22 years.
  • Alabama and Georgia each have two AAOBs.
  • 14 of the 16 African American Owned Banks saw increases in assets from the previous directory.
  • African American Owned Banks have approximately $4.8 billion of America’s $22.8 trillion bank assets or 0.02 percent.
  • African American Owned Banks control 1.5 percent of FDIC designated Minority-Owned Bank Assets, which is down from 1.7 percent in 2020. A fourth straight year of declines.
  • 2022 Median AAOBs Assets: $192,932,000 ($106,140,000)
  • 2022 Average AAOBs Assets: $302,218,000 ($225,519,000)
  • For comparison, Asian American Owned Banks have approximately $66.7 billion in assets spread over 61 institutions. Asian American Owned Banks saw a decrease of $62.6 billion increase (48.4 percent) since 2020.
  • TOTAL AFRICAN AMERICAN OWNED BANK ASSETS: $4,835,494,000

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $15,330,000

Asset Change (2020): DOWN 21.7%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $57,066,000

Asset Change (2020): UP 14.6%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $621,400,000

Asset Change (2020): UP 17.1%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $63,974,000

Asset Change (2020): UP 51.1%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $680,998,000

Asset Change (2020): UP 62.9%

ILLINOIS

GN BANK

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $79,793,000

Asset Change (2020): DOWN 42.0%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $1,014,251,000

Asset Change (2020): UP 61.5%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $657,516,000

Asset Change (2020): UP 0.5%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $396,316,000

Asset Change (2020): UP 33.9%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $370,124,000

Asset Change (2020): UP 39.5%

OKLAHOMA

FIRST SECURITY BANK & TRUST

Location: Oklahoma City, Oklahoma

Founded: April 06, 1951

FDIC Region: Dallas

Assets: $59,791

Asset Change (2020): UP 8.4%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $67,850,000

Asset Change (2020): UP 37.2%

SOUTH CAROLINA

OPTUS BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $338,615,000

Asset Change (2020): UP 333.4%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $134,402,000

Asset Change (2020): UP 38.1%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $251,462,000

Asset Change (2020): UP 136.9%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $26,607,000

Asset Change (2020): UP 12.8%

SOURCE: FDIC

GENTRIFIED – The Ten HBCUs With The Least African Americans On Campus

My experiences at Princeton have made me far more aware of my ‘blackness’ than ever before. I have found that at Princeton, no matter how liberal and open-minded some of my white professors and classmates try to be toward me, I sometimes feel like a visitor on campus; as if I really don’t belong. – Michelle Obama

A look at enrollment statistics from the National Center for Education Statistics show that currently of the HBCUs that receive federal funding (colleges such as Chicago State, Malcolm X College, and a few colleges are excluded because of the federal definition* of what an HBCU is defined as.) The problem of course with not amending that definition leaves no room for the evolution or expansion of the funding. It also continues to mean that others define us more than we define us. The acute tragedy of it means more importantly that money designated for building of African America’s higher education interest is being siphoned off by other communities. In some cases extremely so and that extreme is that on our list seven of the ten HBCUs listed have less than 50 percent of their student body being of African descent. 

T1. Saint Philip’s College (TX) – 9.2%

T1. West Virginia State University (W. VA) – 9.2%

2. Bluefield State College (W. VA) – 9.5%

3. Gadsden State Community College (AL) – 17.2%

4. Shelton State Community College (AL) – 35.2%

5. Lincoln University of Missouri (MO) – 46.2%

6. University of the District of Columbia School of Law (D.C.) – 47.5%

7. Central State University (OH) – 52.7%

8. Bishop State Community College (AL) – 58.9%

9. Fayetteville State University (NC) – 59.6%

10. Edward Waters College (FL) – 61.8%

These schools are the worst of the bunch, but by no means isolated. There are a number of HBCUs where the trend line shows a decreasing population of African descent against the total population of the school and were we to increase our cutoff to 70 percent, a considerable number of additional schools would have been added. This trend is in line with the recent release from the NCES stating, “The percentage of Black students enrolled at HBCUs fell from 18 percent in 1976 to 8 percent in 2014 and then increased to 9 percent in 2020.” What does it mean for African America’s higher educational interest that HBCUs are seeing their leadership and recruitment focused on taking ethnic diversity to a potential extreme? To the point where the school’s would no longer hold or be a cultural asset to African America? These are the questions that need to be asking in urgency, because for the institutions that remaining an African American institution is important too, then strengthening their K-12 pipeline for African American high school graduates is an urgent conversation to be had. That HBCUs do not focus on an Afrocentric definition of diversity, people of African descent from different parts of the Diaspora, African Americans from different geographies, economic backgrounds, religious backgrounds, etc. would still provide diversity shows we often take our cues for higher educational direction from PWIs and not a collection of our own thoughts.

It also more importantly begs the question that if an HBCU is only Black in historic terms only, should their federal funding be redistributed to HBCUS/PBIs who are still serving the higher educational interest of African America. The HBCUs listed (excluding UDC’s law school) received $280 million of the $2.7 billion in federal funding from American Rescue Plan Investment in Historically Black Colleges and Universities most recently, but given their populations, arguably very little is going to help African American students, their families, or our communities. Is the goal for the funding to be substantive to African American higher education development or just symbolic because without absolute consideration to that point, then we are simply getting more of the latter and not the former. 

Love & Financial Compatibility: 4 Questions You Should Ask BEFORE Becoming An HBCU Couple

“Whatever you into, your woman gotta be into, too, and vice versa… or the [thing] ain’t gonna work. lt ain’t gonna work. That’s right. lf you born-again, your woman gotta be born-again, too. lf you a crackhead, your woman gotta be a crackhead, too… or the [thing] won’t work. You can’t be like, ”l’m going to church, where you going?” ”Hit the pipe!” That relationship ain’t going nowhere, but two crackheads can stay together forever.” – Chris Rock

We all know the statistics. The number one cause of divorce is MONEY. And why it is money comes in all kinds of forms from a partner who does not help with the bills, disagreement about financial roles, spends too much, disinterested in their financial future, takes too much risk with the money they have earned (or too little), and the list goes on and on and on. For African Americans money is even more complicated when it comes to partnering. African Americans are dead last in median income, median wealth, and the only ethnic group where the women outnumber the men in employment. All of which leads to an already complicated issue of partnering with someone for the long-term even more so. Money brings about extremely strong emotions in people and African Americans are no exception. In fact, one could argue that because are financial situation is so dire that it adds even more stress and complexity than most. The majority of us are brought up with the stresses of money as the only conversations about money we have ever overheard – because we certainly were not allowed to participate in family conversations about money besides, “put that back, you know we can not afford that”. That along with a strong religious undertone of money being the root of all evil it is no wonder that the median net worth of African Americans has not moved in over four decades and is by some accounts trending downwards. So who you partner with and their attitudes towards money, as Chris Rock so eloquently put it, need to be aligned. We decided to put together four questions to help you determine whether the he, she, or they is right for you. A clarity you should try your best to establish before you even enter into a relationship.

If you had to pick a number, how much would you like to be financially worth? Do not let them be vague on this. They can not say rich, wealthy, or comfortable. There has to be a number. Rich, wealthy, or comfortable means very different things to different people. Two people can say they want to be rich, but one thinks that means being worth $5 million and the other may think that means $50 million. The further those numbers are apart or closer together will give you some valuable insight.

Why do you want to be worth that much? This is vital to give you insight on a person’s priorities. If they tell you they want to be able to buy whatever they want, acquire all the latest fashions, travel the world, they want to be able to send their children to the best schools, or they want to donate $25 million to their HBCU over their lifetime. This questions will all give you insight to their motivations and if those motivations align with yours.

Would you be willing to live with our parents, have roommates when we got married, or share a car for a few years? This is a question of sacrifice gauging a person’s sacrifice level. How badly do they want to get to that number to do that thing they said they want? The early years of financial sacrifice for a couple make all the difference in the world and while many say they want to achieve something, many are not willing to do the hard and uncomfortable things

What is your risk tolerance? Risk. Reward. They go hand in hand when it comes too investing and financial building. If one of you wants to start a business and the other just wants to save money in your savings account, then you are world’s apart when it comes to risk. There are obvious compromises to risk. Perhaps you agree to hit a certainly dollar amount in your savings account before pursuing business. Or perhaps you agree that owning a rental property portfolio is the middle ground. Whatever it is, your risk tolerance needs to be understand and agreed upon. This is particularly important because things can and often will go wrong, that is why it is called risk. When it does go wrong does it create a wedge between the two of you or does it cause you both to dig in and work together through it?

In the end, it is often hard for people to talk about money when they meet someone they like. It is even harder to realize that your financial views maybe so far apart that you simply do not make a good team and at the end of the day to be financially successful it requires teamwork. One of you can not be playing basketball and the other playing soccer. Financial goals being aligned will dictate so much of how you live your lives that to not have them aligned is a sure fire way to kill a relationship and yet many people do not think to discuss money until after they are together and sometimes not even then. They do not realize the detriment of differences until it rears its ugly head. In this new era of mental health, make sure you discuss what it will take to have financial health as well.