I think it is a great idea to marry for money.
Marrying can be one of the best financial decisions anyone can ever make.
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Title: Why You Should Consider Marrying for Financial Security
Introduction:
Love, companionship, and shared values are often the primary reasons people choose to marry. However, in a pragmatic world where financial stability is essential, an additional factor to consider is marrying for money. While some may regard it as a controversial topic, there are compelling reasons to prioritize economic security when selecting a life partner.
1. Financial Stability Creates Emotional Well-being:
Money may not buy happiness, but it does contribute significantly to emotional well-being. Marrying someone financially stable can significantly alleviate stress related to financial concerns, providing a solid foundation for a happy and fulfilling life together. Financial stability allows you to focus on building a strong relationship and pursuing mutual goals without enduring constant monetary headaches.
2. Enhanced Quality of Life:
Money plays a substantial role in shaping our quality of life. A financially secure spouse can provide a comfortable home, educational opportunities, access to healthcare, and the means to enjoy leisure activities, travel, and experiences that may otherwise be financially out of reach. Marrying someone with financial resources can enhance your overall quality of life and provide a broader array of possibilities.
3. Opportunities for Personal Growth:
Financial security can open doors of opportunity for personal growth and self-development. Marrying someone with resources may provide access to networking opportunities, vocational training, higher education, or even starting a business. These opportunities can greatly improve one’s prospects and help build a more fulfilling and self-actualized life.
4. Stronger Support System:
Marrying for financial security can provide an additional layer of emotional and social support. A financially stable partner can act as a safety net during challenging times, offering financial assistance during emergencies or unexpected events. This sense of security and support can foster a deeper connection between partners and strengthen the overall bond.
5. Future Considerations:
Marrying for money need not be solely motivated by immediate financial gain. It is also essential to consider financial planning for the future. Ensuring a stable financial foundation can guarantee security during retirement, safeguard against potential financial crises or downturns, and secure a prosperous future for any children involved. Selecting a partner with financial resources can provide a more secure long-term outlook.
Conclusion:
While marrying for money should never be the sole determining factor in choosing a life partner, it is crucial to acknowledge the potential benefits it can bring. Financial stability increases the likelihood of a happier and more fulfilling life together, enhances one’s overall quality of life, offers opportunities for personal growth and development, strengthens the support system, and provides a secure future. Ultimately, finding a partner who shares love and respect while bringing financial stability can create a harmonious and prosperous union.
Dated some amazing women in my youth but waited 'till 35 to get married. She was my first piece of paper, I was her fifth. Been over 11 years and still going strong as life-partners not just husband and wife.
Marrying someone who is financially prudent is a wise decision. However, marrying solely for wealth is very foolish and could could end up in divorce or heartache…As a Christian, divorce is not an option for me. I will never plan for divorce because I believe a marriage centered on Christ will last for life.
Since reaching my 30s, I refused to date a guy who only has a "job" and not a career. While I didn't advertise this fact, I got a lot of criticism that I was a "gold digger". But it's simply that I want someone who can be an equal partner financially as well as emotionally and mentally. More people should take this into consideration. I'm glad I have.
Recently found your channel Erin and love it! Trying to catch up on all your videos. So far this is my only thumbs down. My advice is don’t ever get married. And a pre-nup may seem to protect you, but trust me the Lawyers will keep bleeding every bit out of you they can fighting and challenging it.
Marriage is fine if you're looking to raise kids, but with a 50/50 failure rate. Marriage isn't my cup of tea. Plus, I avoid the "honey do lists" and signing a contract with the intrusive state. No nagging voice asking if I took the garbage out, or what have you. Just peace and quiet.
Relationship advice: Always make sure one of you have good credit. That's why it's called significant other. Sign-if-I-can't other . . .
Are you kidding, giving up my cows?!
"All things being equal marry the man who makes the most money" no one needs to tell a woman this – it's in their DNA.
My wife and I started out going into and out of debt twice before my wife decided to stay home with the kids. We had to get serious about debt and worked to get it paid off. Interestingly I had been saving 10% of my income into my 401k all along. Once we finally got out of debt the final time I bumped up my saving to 45% and decided to stay out of debt. My work situation obviously helped me to save and avoid debt but my wife has a talent for being frugal and not wasteful so even with one income we work together and are well on our way to FI.
I agree 100% women should marry for money! In that case, why do many men hate gold-diggers – a negative term for women? I suppose those men are not doing well enough and are jealous of those others who are financially strong, and the "gold-diggers" are clever. I am not a high-income earner but debt-free and have saved so much money over the past 3 decades and have had a free and clear decent duplex in a desirable area with one rented out and two nice fuel-efficient cars to call my own. In my own opinion, I am doing better than average, but 53 years young 🙂 (old) and still unmarried. I guess I worked too much and neglected to find a partner. I am sure I will have to stay single for the rest of my life. My golden years will be very lonely with no kids to care for me when I can't care for myself! 🙁 Time flies! I feel like crying…
Excellent video!!
Doesn't sound very romantic…. but, if I had given it some consideration as a dumb 20 year old, I might not have a divorce on my record. It cost a lot and was worth every penny.
this is an unpopular position but it is a fact and people who vehemently oppose this are either in denial or willing to set their finances ablaze for the sake of buying into the idea of what they think marriage should be. it doesn't mean you can't love someone you marry and that money should be the sole motivator, but money should rank very high on the list like you would rank anything else like hygiene, shared family values, etc. a bad partner can be a d eat h sentence to your finances and people better wake up. marriage for love is a relatively new phenomenon anyway in the context of human history so i don't know why people act like it's such an abhorrent point of view to simply say i want someone who is on the same page as i am financially. a few months ago, i was telling my husband about my high school crush and how i found a public document online about him on the state's website. his entire life is in shambles and the list is so long it's almost comical. i can't imagine what my life would have been like if i had followed my foolish high school heart rather than waiting until i was mature enough to determine what an appropriate list of desirable qualifications are in a partner.
I haven't had a girlfriend since 2012. I've pretty much given up on the idea of ever finding a woman that will love me….
You're brave to put this out there like that! I give you credit for focusing on the benefits of marrying somebody who is good with money. Also, the other part of this is the flip side, the devastating impact of marrying somebody who is bad with money. I know a gal who married a guy with a known gambling problem. That's kept them on the financial razor's edge their whole marriage.
I know a guy who married a gal who carried crazy-high credit card balances and a serious spending/shopping problem.
Even if you marry somebody who wants to live even slightly above their means can cause major long-term problems because that makes investing really difficult.
Marriage is rarely a benefit for men.
1) 50% of all marriages end in divorce.
2) 80% of divorces are instigated by woman.
3) 96% of alimony is paid by men.
The quickest way for a man to become a millionaire. Be a billionaire & get a divorce.
Since woman have a hypergamous instinct to marry for security, while men have an instict to find a mate who is youthful & fertile. There can be no financial benefits for the majority of men. This is why the alimony rate is so high for men. Woman just won't financially support men in a relationship.
OMG. I come from people who marry (or strive towards) ONLY for money! Love and respect and all that altruistic stuff are just faked. Then those who get rich/wealthy before marriage fear that all potential partners are “gold diggers” — a vicious cycle of distrust. All emotions bludgeoned. It’s the sad extreme.
I love being able to give the option to my wife to work or not. She chooses not to work. And that works fine for us. We don’t live a crazy life and we still save a little. We’re on the same page when it comes to spending, saving and giving.
I love this. Your sage advice is always so timely!
"Money is the root of all love." This should have made it into the Bible.
A great video, Erin! But one caveat – kids can change the financial equation dramatically. In addition to the obvious emotional and time commitments, children are expensive!
Great video. I didn't marry well and have struggled. My son is about to make the same mistake. people who carry credit card debt aren't marriage material.
As a retired veteran I would offer this perspective towards military service. Serving in the military is like being a lawyer on retainer. You get really great benefits upfront, but you will earn every bit of it during the trial. I appreciate yours family’s service.
I once heard that marriage is an economic proposition – always was, and still is.
Check a potential mate's credit score. Now is an interesting concept.
If I am ever fortunate to find someone to marry, I pray the union is a mutually beneficial and fruitful economic proposition!
Erin – I love you common-sense money videos. Take care and good luck.
I will have to contend that a single man with half a million dollars is in better shape than a married man with one million dollars. Men don't need new furniture, carpet and amenities on a regular basis. They don't spend nearly as much on clothes and cruise ships. Don't get me started about wine and pets. Haircuts for $20 bucks are only necessary four or five times a year. Being single in a small apartment with only a lounge chair and wide screen is a beautiful thing. Keep all of your net worth in your retirement plans and bank accounts . Go ahead and date if you wish but avoid marriage. A divorce even with a prenup is very expensive. I love this channel but for the first time ever I am giving a video a thumbs down.
"Standard of Living" isn't strictly a monetary thing. My wife worked when we got married, then we had kids. It was a decision that we wanted to raise our kids. So, out monetary standard of living decreased, but our personal standard of living increased greatly, knowing our kids were taken carenof, and if they got sick at school, someone was home to care for them. Once the kids graduated high school, my wife went back to work.
Hey Erin, on top of your solid and well researched advice, I love your show because you almost always say something that has me laughing because I've been through the same thing. My wife was working on the road when we moved in together and the long running joke was I did it for her washer and dryer! Now about that husband of yours…….. the answer was "All of my cows plus any I can steal!!" Particularly in a hypothetical situation!! All right, I've been married for 30 years, he'll get there! 🙂
These are good points: I used to think I had a spending problem, then I got divorced and realized I had married a spending problem.
This is a great video. I think you should have more subscribers! I've been married 24 years, and married late in life (around 40). I was in the IT business making good money and spending it as soon as I got it. When I met my wife, I realized that we were the opposites. She is quiet and a big saver. She had savings accounts for everything and excel spreadsheets for every expense and accounts that she had. I was the complete opposite, big spender, and not saving a penny and with big credit card debt (around 32k). However we really enjoyed each others company, we love art, museums, Broadway musicals, love to talk about history and politics, enjoy good food and meeting people from different cultures. Sometimes life is a little gamble, she decided to marry me, I still don't know why (I say this with a little smile) and we are really happy together. She changed all my spending habits and learned from her on how to save and invest money. Now we are happily retired and enjoying life to the max. We paid all my debt, saved a lot of money and now we can enjoy, literally the rest of our lives. I agree on what you say, make sure that your partner is serious about money, but remember nothing is for sure in this life, people change, because life changes. My wife should not have married me, but she did, that was her "gamble" but it worked because I changed, I saw that she was right and I was thinking about the future, and that future is now for us. Best to you Erin, love your videos and as they say, you are "an old soul"
Growing up with parents who always fought about money, I made the decision early on that I never wanted to be married. When I was 40 I met a partner who had the same financial goals and beliefs and it changed my perspective somewhat (though after seven years) we split, and not being "married" made the transition extremely smooth financially. I have to disagree with you over all on most of your points though! Just as I believe it's always a poor idea to let "tax breaks" dictate the taking on of debts, marrying in order to receive health "benefits" or other price "discounts" is a gamble that could end up costing far more if things don't work out, than the benefits could be in the event that it does work out (even with a prenuptial "agreement").
Very good advice, I firmly belive we should have parental input in marriage. Parents are much older and have your best interest. When people are young they prioritize fun and looks.
In Indian culture men get dowry, So I am going to ask my wife how many cows she is going to pay for me 🙂