Hello Kimora Lee Simmons and Bethenny Frankel:Secret to Love and Money Revealed by Financial Advisor Michael Minter

Kimora Lee Simmons and Djimon Hounsou aren’t as committed to each other as they used to be.

A source close to the couple tells us the glamazon and her “Gladiator” beau have split after a “big fight over money.


“Djimon walked out on Kimora,” says the source, who adds that the split may have been prompted by Simmons’ ex-husband, hip-hop mogul Russell Simmons ’ decision to stop funding the pair’s lifestyle.

Also Bethenny Frankel and Jason Hoppy are fighting over m-m-m-money, as most divorces are in Hollywood.

Considering Bethenny has become super crazy, mega-loaded, partly during her time with Jason, everyone has their eye on that margarita glass filled with gold as the insider added:

“He feels that when he met Bethenny she was just in the beginning stages of launching her SkinnyGirl cocktail line, and he gave her a lot of free marketing advice and help. She relied on him A LOT during that time and he believes that’s what helped her build a brand that was ultimately sold for $100 million. Any money made by Bethenny and Jason during the marriage is going to be a huge fighting issue. Bethenny sold SkinnyGirl after they married and Jason contends he was a large part of her success, and maintains that he worked for her as an unpaid employee for many, many years.”

Are you familiar with these fights (that could lead to divorce)? Are you as a couple also fighting over your finances?

Financial Advisor and author Michael Minter reveals the secret for Love and Money in an interview at Fox:

One-third of couples, both married and de facto, say that money is the primary problem in their relationship.

Problems arise when couples think and act differently over their money and can't communicate and negotiate solutions. If you can avoid polarisation about your money then it's likely you'll have a long and successful relationship.

There are many approaches that work for couples. Here's some food for thought:

• Many couples have a joint account for bills and emergencies, contributing equally or according to ability, and separate personal spending money to keep some autonomy.
• If your spending patterns are different with one person being a spender and one a saver, you need to work together and budget, not accuse the other person.
• If you haven't done so already, sit down and list your common goals as well as the differences in your approach to money.
• Accept that one or both of you has debts and work together to pay them off.
• Once you're married, or have been living together for three years, any debt the other person racks up is your debt as well — even after you split.

Why a financial advisor is so important for couples?

Consumers often mistakenly believe that financial advisors are mainly investment advisors, but the fact is that genuine financial advisors provide a broad range of financial advice for a broad range of personal financial situations.

Financial Advisors can help couples such as:

Organize and manage their finances. Many couples have complex financial lives, yet lack the time, expertise, discipline and objectivity to put their financial house in order. An advisor can examine their overall net worth and financial situation, help them identify their life goals and objectives, and recommend strategies to get the most bang from each dollar they earn and spend so they can achieve their life goals.

Marriage and children. Blending two independent financial lives can be complicated and stressful, particularly if there are conflicting financial personalities or there were previous marriages. It's critical to address such issues as insurance, titling of assets and delegating money management duties.

Have questions? Email us at anecamara@mintcofinancial.com

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