Grove City, PA · Member since 2019 · 21 posts · 26 votes
I've searched around the forums looking for someone in a similar situation but it seems like not many are where I'm at.
I'm 21 years old and just recently got engaged. I don't yet have any investment properties. I know the saying "happy wife, happy life" and I don't want to start our future together on a bad note. She is very adamant on buying a nice pristine house (small starter houses) that range anywhere from $100,000-$200,000. I'm listening to as many podcast episodes here on BP as I can to try and find new ways to invest and also give her what she wants but she won't budge. I've mentioned live-in flips, house hacking, and just plain old rentals. But it seems that every "solution" that I offer is combatted with another reason that we shouldn't.
She's saying that we are too young (she is 21 as well) and although I know that REI takes time, what better time than when we're both young to formulate a plan, and put it into action? Soon (but not too soon) kids will be thrown into the mix and I fear that they will just be an excuse to put off investing further and further until I get stuck in a situation where investing just won't be feasible.
I just spent my down payment for a house on a ring and now we are planning a wedding so I have time to work her into the idea of investing. This also gives me time to learn more and more about investing before starting out. I'm keeping my mind open to the fact that it may be some time before we are able to save enough to get into our first property. But I want to get her on board with investing before the time comes where we are searching for a house.
Anyone have any advice on ways to go about talking to her? ANYTHING helps.
I've searched around the forums looking for someone in a similar situation but it seems like not many are where I'm at.
I'm 21 years old and just recently got engaged. I don't yet have any investment properties. I know the saying "happy wife, happy life" and I don't want to start our future together on a bad note. She is very adamant on buying a nice pristine house (small starter houses) that range anywhere from $100,000-$200,000. I'm listening to as many podcast episodes here on BP as I can to try and find new ways to invest and also give her what she wants but she won't budge. I've mentioned live-in flips, house hacking, and just plain old rentals. But it seems that every "solution" that I offer is combatted with another reason that we shouldn't.
She's saying that we are too young (she is 21 as well) and although I know that REI takes time, what better time than when we're both young to formulate a plan, and put it into action? Soon (but not too soon) kids will be thrown into the mix and I fear that they will just be an excuse to put off investing further and further until I get stuck in a situation where investing just won't be feasible.
I just spent my down payment for a house on a ring and now we are planning a wedding so I have time to work her into the idea of investing. This also gives me time to learn more and more about investing before starting out. I'm keeping my mind open to the fact that it may be some time before we are able to save enough to get into our first property. But I want to get her on board with investing before the time comes where we are searching for a house.
Anyone have any advice on ways to go about talking to her? ANYTHING helps.
Thank you for taking time to look over my post,
D'Andre
D'Andre, here's something I always ask about situations like these:
Have you asked her what HER strategy for the financial health of your family entails? Does she have a plan? Is her plan to live in a nice starter home that keeps up with the Joneses and drive nice new starter cars that keep with the Joneses and have expenses that keep up with the Joneses as you both strive and strive to provide more income to keep up with the Joneses...and that you do these things as you expand the Byers family, member by member, and grow the Byers budget, lifestyle-creep-expense by lifestyle-creep-expense?
Because if that's what she wants out of life, I can give you the names of a dozen broke-a$$ simps in their forties with wives just like that.
Rental Property Investor · Chicago, IL · Member since 2019 · 109 posts · 443 votes
7y
@D'Andre Byers first you can consider if this is the right person for you... not being mean but not sure she has the same vision you do and therefore may not be the best long term partner for your life.
Second, you mention kids... after you have them will she continue to work or be a stay at home mom. If her plans are to stay home then she needs to trust you to invest the family money wisely to take care of the family.
Third, you need to treat REI like any other investment. It is about return on capital. The difference is this : do you think Bill Gates Cares about your money and your family more than you do? Buying his stock makes you reliant on a bunch of factors you cannot control. Buying real estate makes you reliant on a bunch of factors you can control!
Fourth, have a talk about long term plans... do you plan and hope to work a job till you die? If so don't buy any real estate but if you want to work just long enough to take care of all your financial needs and enjoy your family and your wife and your life then start REI now!
Fifth, have her read anything... bulk of the millionaires in this country got there by REI.
Sixth, buying a starter home or town home is the worst financial decision you can make. A small home is only good till you have kids then you have to move. And when you do you can rent it but not for a lot since it is small or sell it to a first time home buyer who likely has little money
Finally: Buy a 2-4 unit and do a live in hack... promise her you will be her a larger house to raise the family in once you have a child. Tell her she can pick that one out and you will be happy... but keep the place you lived in since it will be making her money. Explain to her that the house hacking situation will allow for free income once the baby comes. And finally, tell her you will give that first house to your child when they turn 18... now they can use that to pay for college or start their own investing business.
Is she can’t see the value in all that then truly she is foolish and no matter how nice or hot she is you should run! Just kidding (kinda)
Investor · Gardena, CA · Member since 2017 · 445 posts · 398 votes
7y
Are you saying, "lie to your wife?" You mentioned Bill Gates. Do you think Bill Gate lies to his wife about what he does? Do you think Bill Gates even discusses business with his wife? Do you think Bill Gate's wife even cares about what he does? Do you think Bill Gates's wife is involved with his business, discusses his dealings and then criticizes him when deals go bad?
You can't ask your fiance' where her head is at before you get married. People can't make a decision regarding what they want today and everything can look entirely different, tomorrow. Maybe, she will lie to you, tell you she wants 10 kids with you and she has her eye on another man at your wedding banquet.
I lost exactly $1 million in 1985. You can read about this in other posts. It cost me another $100,000 for attorney fees because there was a mix of about 5 lawsuits where everyone was suing everyone. In 2001, just a few months before I purchased my first 28-unit apartment building and when the stock market crashed, I lost exactly $850,000 on one stock plus another $600,000 in in an account that Dean Whitter was trading for me. I never ever discussed my losses with my wife with the exception of telling her how much I lost and when. My wife never ever made one comment to me with the exception of a short condolence. From then on, I handled all the lawsuits by myself. I was the lead plaintiff in a Class Auction lawsuit in Chicago and the lead plaintiff in a Class Action lawsuit if Florida. I never asked my wife to hold my hand and I went to the trials for several weeks at a time all by myself.
I don't know why husbands EXPECT so much from their wives. If the wife wants only to stay home and raise your children then that is more than enough. If she wants to work, then let it be her choice and on her terms. If she tells you she wants to have children and be your business partner then that is also great, but live with an expectation that she can change her mind, any minute and without the need for your approval. The way I've been interpreting this thread is there is an expectation that the wife has to solidify a business commitment that she has to adhere to, or the husband can't function and the wife will destroy his dreams. I can't believe what I am reading!
Why do husbands think their wife should be holding their hands. I run a fairly large plumbing and construction company. I had 15 worker comp lawsuits in the past three years. Three workers sued me for a total of $3.6 million claiming I did not pay them for over-time, for not giving them drinking water and a lot of other b.s.. My wife knew about the lawsuits, but I never spoke with her about the allegations nor how I was handling the claims. She is my wife and not my counselor who I want to tell my problems to.
Incidentally, I settled the $3.6 million lawsuit for $25,000. We won $50 million in the Florida lawsuit and $250 million in the Chicago lawsuit. I did not recover 10% of the money I lost because almost all of it goes to the attorneys on both sides of the case and the very little bit that was left goes to the plaintiffs. The attorneys in both cases offered to pay my plane fares and hotels, but I wanted to make sure everyone knew I was not going to Chicago and Florida for the free ride. So, I paid all the expenses, myself.
Sorry, but is seems like everyone had better get an attorney who writes good business contracts before getting married and make sure your wives live up to their contractual business obligations. Then, if you can't realize your dreams you will be prepared to file some serious lawsuits and play The Blame Game.
Rental Property Investor · santa cruz county, CA · Member since 2016 · 37 posts · 10 votes
7y
D'Andre - I'm much older than you and I"m on my second marriage (10 years and counting, though!). Perspective on money/finance is one of the biggest influences on a relationship, so please have these critical conversations now before you get married. But let me share how I eventually got my husband to come around on all this real estate investing stuff.
I have been bullish on REI for years now (I did a 1031 exchange using a condo I owned before I met him - now a 4BR/2BA w/ 5 renters) but he would always disparage my decision saying it was a 'bad' investment. I figured out that he was comparing REI with stock market investment (he used to sell bonds) and he was just looking at it from the perspective of cash on cash gains. Once I knew what his baseline for comparison was, I focused on how REI had advantages over stock market investing. Granted, we do both but the conversation is about diversification. In the end, we found common ground on the REI goal of cash flow using cash on cash analysis. I also pointed out the differentiators for REI over the markets:
1. tax benefits (expenses, depreciation)
2. tangible & incoming producing asset once mortgage is paid off (showing him amortization schedule mapped to rental income helped)
3. Regardless of political and market factors, people will need a place to live and small, affordable rental units will always be in demand.
So my perspective on your situation would be to:
1. Have the conversation ASAP and if needed, get a 3rd party facilitator to help with the discussion. If anything, they can make notes on where you align and where you still need to work through issues.
2. Ask your fiancée to articulate her perspective on growing wealth and how it relates to quality of life (time, health, family, etc.)
3. Based on 1&2, frame your proposal in the context of what has meaning to her and find common ground on one strategy.
GOOD LUCK and kudos to you for having such foresight at a young age! I got married very young the first time and I didn't think about any of this back then.
Investor · Gardena, CA · Member since 2017 · 445 posts · 398 votes
7y
Be honest and tell what you would do and how you would feel if your husband did not 'come around' and continued to push you away. How would you feel if your husband told you, "Honey, I am not interested in your real estate adventures and I wish you would stop talking to be about real estate. I want to pursue my own dreams. I already work hard enough and I want to be a couch potato when not working my regular job."
Residential Real Estate Broker · Portland, OR · Member since 2015 · 48 posts · 38 votes
7y
I do not think my wife got it until it got framed into something tangible. She was talking about how will we ever afford college for our daughter and I just simply pointed at our house. Our first home is not a slam dunk deal, but it has a new roof, new siding, nice windows, hardwoods and could be rented out to just cover our mortgage. We are happy living in it and it will make a decent rental once we move out in the next two years. We may sell it and use the equity to buy an investment and rent for a little while or just buy our new home and rent out the current home. That being said the real money is furthering your career. My life experience is probably not the best to pull from as I didn't buy a home till I was 31, but I have a client that works as a truck driver that bought his first home around your age. He didn't buy the home as a rental, but 4 years ago he started to use the equity from that first home to buy a condo, then another condo, then a new home and rented out the first home. All the properties cash flow and has liquid cash for the next. It isn't sexy and it isn't fast, but at 35 he has been buying a property every year for the last 4 years.
Professional · Parsippany, NJ · Member since 2013 · 384 posts · 262 votes
7y
I am not sure what you do for a living but when I was 21 I was not making **** but wanted to be an investor. I kick myself because if I started then I would have double maybe triple what I have now. If you have the Money, education, motivation and a solid deal then you are not "too young" and I do agree that this is the best time to formulate a plan and put it into action. Soon (but not too soon) kids will be thrown into the mix and she will put even more pressure NOT to invest. My X girlfriend always talked me out of investing. I went out and bought a home for us to "live in" because it was the thing to do. I dumped her for various other reasons, sold the house and started my investing career (thank the lord). I am married now with baby and pretty much live off rent money and my small business. I intend on staying in my townhouse which I rent yes Rent and will try to be the biggest investor I can possibly be. I did not start until I as 32
Unfortunately, majority of the general public is incompetent when it comes to the real estate investment strategy and will do anything to talk you out of it. As far as age 21 is perfect I met an investor that started at 18 and by the time he was 30 he had 17 Multi Family homes. Making so much cash flow he didn't even need to work. Sometimes talking to family members is like talking to a brick wall. Just because the dream house is good now doesn't mean its the proper way to go in life
Investor · Seymour, IN · Member since 2016 · 165 posts · 32 votes
7y
@D'Andre Byers
My wife was afraid of any kind of debt, being a Dave Ramsey graduate from his Nashville class.
We stated by my convincing her to keep our first home when we were looking for another one.
I got a copy of ‘Rich Dad’ and got her to listen to the audio version. She finally agreed when I showed her the numbers. She is still nervous, but we have three SFRs now.
If you could retire in your 30s, that should be good incentive for her to try it- or you can work to the age of 70 and struggle. Nothing wrong with that either I guess.
Albuquerque, NM · Member since 2015 · 19 posts · 1 vote
7y
@D'Andre Byers. I found it when I was 51! I want to create financial security for my family and certainly my wife so she doesn’t have to work until she is 80... She doesn’t understand that concept quite yet, but is coming around to it. Be patient and teach. Your sold to be wife will learn how it could be rather than how it is some day soon and you could be off to the races. Living for today and having the house she wants isn’t the way either of you should live. On the other hand, make sure you are talking to her about her plan for the future as well. This is going to be a combined plan and it will need to work for both of you! It is a joint thing - this mystery called marriage and to make it work calls for a certain kind of communication - two way... Best of luck.
Investor · Troy, NY · Member since 2017 · 29 posts · 5 votes
7y
@D'Andre Byers
I had a conversation prior to getting married and basically said it’s my dream to do this. If she wasn’t on board we could keep our money separate and she can do what she wants financially and vice versa. Fast forward 3 years later and I am in the process of looking for my first property. I wrote up an example of the benefits of buying properties. Starting with appreciation, depreciation, taxes and the simple fact that someone else is paying for it all. Something clicked in her head. I wish you luck. Maybe she will come around. Run the numbers on a example property. Also, have her listen to a few podcasts and let her know how important this is to you. Starting out young is smart. Good luck man! Keep us posted.
Grove City, PA · Member since 2019 · 21 posts · 26 votes
7y
@Geoffrey Barker
I’d have to agree with you on spending the down payment on the ring and the wedding. It seemed to be a good idea at the time.
Her reactions initially were that I don’t fully understand how much time, money and effort go into investing. Which aren’t completely unwarranted because I do tend to get very overzealous about things I’m interested in. I do understand that even though I haven’t done any sort of rehabbing or dealt with mortgages up to this point, that I am ignorant to the exact extent that things can go wrong. But I can confidently say I wouldn’t be going into any investing blindly.
Overall though, she feels that instead of us buying an investment property first, we should buy a house of our own. I’m not against it by any means but I just had hoped that maybe I could talk to her about buying a house that isn’t immaculate. That way we could both enjoy the built up equity that we could gain by fixing the place up.
Specialist · Grants Pass, OR · Member since 2019 · 2 posts · 4 votes
7y
@D'Andre Byers This is not investing advice, but marriage advice. Be careful with the idea of happy wife happy life. Marriage has a heck of a lot more to do with communication than appeasement.
Your situation is similar to mine. My wife was very resistant to the idea of investing. She thought it sounded to risky. It took me doing a lot of research, learning and patiently speaking to her about it. She’s now on board. I agree with the advice of speaking to someone who’s wealthy... even better if she knows and trusts that person. Be patient and don’t appease her at every turn, but also don’t bulldoze her and do what you want. LISTEN to her fears, concerns and desires. If you understand what she’s feeling you can work through it together.
Congrats on getting married and wanting to set up a plan for your future. Shows a lot about someone your age who’s willing to reach out for advice!
Investor · Gardena, CA · Member since 2017 · 445 posts · 398 votes
7y
Where is Dear Abbey when we need her? Or...maybe Dr. Laura Schlessinger. I am having a hard time understanding why communicating with a spouse is so difficult. There are two books that everyone needs to read to learn to communicate with everyone you have contact with.
How To Win friends and Influence People In the Digital Age
Never Split The Difference. This is a fun book to read about an Ex-FBI hostage negotiator, but every story applies to every negotiation even including the movies you watch with your spouse, where you want to eat for dinner and it definitely applies to every family-type negotiation even with your children.
Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
7y
@D'Andre Byers I’m sure there are a million good ways to go about this and here is one (May or may not be a good idea)...without thinking too much about it...you should maybe one-up her. Find her something better than the house she wants, maybe it’s same house/similar but in one of the nicer/nicest parts of town and one that is over your budget of $200k. Once she has fallen in love with it, You can sit down together and do the do the math. The math will reveal that your payments will be higher than what you both can afford, even if you had the down payment. Once she is fully discouraged and disappointed, you can reveal the little secret that you have been keeping from her...there are 2 or 3 other units behind the house as part of the property. your actual payments are close to zero once you factor the rents of the other units....something something happily ever after.
Perth Amboy, NJ · Member since 2018 · 38 posts · 18 votes
7y
I didnt go through the 7 pages of discussion here..
it comes down to how much you believe in this. Based on where you are financially speaking, if you feel like home ownership makes no sense, then communicate that. Show her that you are better of investing now. Numbers don't lie.
More importantly though, marriage will challenge you. The "Wont budge" aspect of your post is problematic "to me". Marriage is about compromise. Perhaps you should worry about that. "My way or No way" is a recipe for marriage problems.
Chicago, IL · Member since 2018 · 546 posts · 227 votes
7y
@D'Andre, if you do decide to make the leap into buying a rental property, there are a number of resources out there that can make managing your rental process super easy (no need to hire property managers when there are platforms that help to automate the rental process for you by offering the tools to list, screen tenants, create + sign digital leases, collect rent online and manage maintenance requests). This would make the management process easier and might assuage some of her concerns if she's unsure about what is required throughout that rental process.
Keep this in mind as you and your new fiance decide how you'd like to proceed, as far as strategy goes. Sometimes property managers can charge anywhere from 6 - 10% and there are other more cost-effective ways to get the most out of your rental property. Let me know if you'd like any recommendations!
Rental Property Investor · Brooklyn, NY · Member since 2015 · 16 posts · 14 votes
7y
@D'Andre Byers
I'm really sorry to hear this. What's more important to you. Building wealth or having a family with this lady? I know you feel that it's the end of the world if you aren't compatible but being at a different stage in my life and you were my son, my advice would be "don't rush into marriage so quickly". This is the beginning of other issues if she isn't open to understanding about building wealth. You haven't begun living life yet. What's the rush on marriage? If she is the one, she'll be the one 3 years from now. Just my thoughts. Good luck.
Eastern Michigan · Member since 2018 · 83 posts · 144 votes
7y
My husband bought our first rental when we were engaged and i was TOTALLY against it. And get this--- it cost $6000, his dad would manage it for free, and it brought in $650 per month. There is literally not a better investment that could be made. It was our first house and we had credit card debt and i just didnt have a big picture mindset at that time. He bought it anyway and needless to say I've come around since then.
My point in telling you this is that if you can do something to show her that an investment in real estate is a real benefit to your future then you could possibly win her over. Maybe you could get a really, really cute duplex that she would be proud to own...or get the little house she wants at the lower end of her budget and then also buy a rental on your own. Once she can see the benefits in real life then you might be able to get her on board.
Hamilton, NJ · Member since 2019 · 78 posts · 15 votes
7y
Honestly save your self the trouble and partner with someone that is on your same wave length. So many couple trying investing and deals fall a part because they are not on the same page
I’ve never thought of putting it that way for her. That’s a good question to ask that maybe can get the ball rolling and some actual conversation about it.
I like the way you write, like a sadistic Disney Villain who narrates the world around him with dry biting sarcasm. But you are spot on. The way the world trains us is to be cogs in a system. This young man is questioning that very system that his soon to be wife wants to by into. Happy spouse happy house is how you should approach this.
Thank you for the insight!
D’Andre
I find myself constantly on this topic of working with your spouse here on Bigger Pockets. My wife actually pushed me into rental property ownership. She brought in our first deal and insisted that we do it. I'm the one that posts on Bigger Pockets, but my wife is my business partner in all ways.
I honestly think that you should go with @Pat L.'s approach first, though. My approach accuses, it probes for weakness, it is often unfair. This is probably because I am at an age where I have multiple long-term friends and family members that are stuck by their financial decisions in offices now for life, with no chance to retire early. They're grinding away for their next paycheck, grinding away for their next one-week $5,700 family vacation to Disney World (that is the actual average cost), living in ridiculously oversized houses with multiple shiny new cars, practically nothing in savings, lucky if they're putting away the pitiful employee match amounts on their retirement accounts. Their wives routinely post pics of their well-scrubbed, well-turned-out kids on Facebook, Instagram shots of their youngest babies, all to cooing approving comments from their moms...and I can't help but think the wives are obviously living their middle-class dreams with the right mule plowing away in the background to fund it all.
Pat's been doing this a long longer than I have. Listen to him.
Investor · Gardena, CA · Member since 2017 · 445 posts · 398 votes
7y
Why is everyone so worried about trying to convince their woman about the benefits of investing by lying, bribing and orchestrating. We live in a really sick world when it comes to how people think about relationships. Men think they have to constantly buy their women nice things. They think they have to buy the largest diamond, a house that is satisfactory for the wife and men feel like they need to constantly buying more, bigger and better gifts for every occasion. They always have to outdo their last gifts. This really makes me sick.
What ever happened to loving someone for what and who they are? Why do two mates have to have the same ideas about business and saving money?
This is a true story about how I met my wife and how I always treated women when I first meet them. I think totally different than everyone in this thread and for being such a strange and weird person I netted for than $30 million since 2001 and another $20 million before between 1968 and 2000. So, I've been around the block a few times and have a lot of experience regarding courtship and using money and materials things to win the hand of a woman.
My story is going to explain the difference between the average materialistic man and woman and the way I have never been a show-off and never showed what I have to offer any woman when I meet them.
In 1999, I already had more than $20 million in liquid assets. One of my employees went to the same donut shop I went to every morning and he always talked about this girl he liked. He said he was not going to ask her for a date because he thought she had a boyfriend. So, I told him if he did not ask her out I would ask her, but not in the way a normal relationship starts.
SInce I am a plumbing contractor, I always wear a blue tee shirt and a baseball cap. One day, I went into the donut shop and this girl (now my wife) was in the line in front of me. How convenient can that be? She was working at an auto parts store, was wearing pants she had dyed, had a baby and she was supporting herself.
My hat was really dirty and it had a lot of spider webs in it because I go underneath a lot of houses. Later, she told me that she thought I was a bum and homeless. Instead of asking this girl her name, or saying something stupid, I asked her to borrow $2 and she loaned it to me. Of course, I had to pay her back the $20 and you can probably figure out the rest of the story.
My point is; for my entire life, I always had a lot of money, but always made believe that I am poor. It makes me sick when I hear a woman talking about a new boyfriend and the nice Beemer he owns, the CONDO he lives in, the type job he has and all that crap. Every relationship begins with sizing up a man's worth and what he can do for his woman. Relationships are always about material things and money. People waste so much money on the junk they put in their homes they could buy a property every year if they were less materialistic and more frugal.
Just like there is a division between the government and the church there should be a division between love and money.
The irony to all this is I don't give a crap about money. I give more money away every year than most people earn. In the past 10 years I gave my children 23 homes that were paid in full. I have two philosophies that say, "you will make a lot more money when you are not working to make money" and "do the work, first without worrying about the money and you will make much more money, faster."
Another thing that makes me sick and contrary to my philosophies is; this OP is not even married and money is already causing potentially serious problems with his relationship. I just can't believe the answers that have been given in all the posts. What ever happened to loving and taking care of a woman for who she is, love, fun and the adventures.
I started investing when I was 18-years old and never ever expected that one of my three wives was going to help me in any way and not one of my wives ever helped me to make a decision. Not one of my wives ever help me to do book keeping or to answer my telephone call with the exception that my current wife does manage about 140 rental units and she manages them because she wants to. I never asked her to manage one property because I had employees already managing them before she took over as we lost our managers due to attrition.
I have the most-perfect marriage (relationship) imaginable. I've been with my wife just a little more than 20 years and never got into more than 2 or 3 small spats that were over in a few minutes. I married her at a courthouse and took her to McDonalds after our ceremony. I took he to the jewelry store a few days earlier and let her pick the diamond and wedding band she wanted. I never discussed the price. She picked a set that was $850 and thought she had died and was in heaven. We live, with two children in a commercial building with concrete floors and zero furniture. It is really a great feeling to know that my wife is with me because she want to be with 'ME' and she is not with me because I give her money and materials things.
Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
7y
Originally posted by @Account Closed:
What ever happened to loving someone for what and who they are? Why do two mates have to have the same ideas about business and saving money?
Because marriage in a legal sense is first and foremost an equal business partnership. You wouldn't form an equal partnership with someone who wanted to spend all income on lavish fixings if you wanted to use excess income to start a business. That would be dumb. Assuming your millions is correct, your wife buying a fancy digs or driving around in a new Bentley every few months is a rounding error. For this guy it's the difference between eternal poverty and actually going somewhere.
Investor · Gardena, CA · Member since 2017 · 445 posts · 398 votes
7y
Sorry, but the word 'business' before 'partnership' is not what a marriage is for. Or...I must be really old-fashioned about marriage, making babies and taking care to bring my family up in a happy and healthy home. How many women, like my daugther and daughter-in law went to college 4 to 5 years, had dreams of being successful, had super high goals for success, worked a few months, quit their jobs and decided that wanted to have children and be a soccer mom. Let's suppose, before my daughter and daughter-in-law married they discussed building a fortune with their husbands. Now what??? The man's dreams of building a fortune are shattered. Is he qualified to pack his suitcases and dump his family because his wife did not fulfill her 'Business Partnership Agreement'.
According to this thread, people should never get married because business is more important than love. Everyone should just get an attorney and form Family Partnerships with stipulations and contingencies.
"I will stay with you, honey, as long as you are my business partner and lover".
Investor · Las Vegas, NV · Member since 2017 · 321 posts · 524 votes
7y
Option 1: 21 year old signs up for Bigger Pockets, house hacks, networks with successful real estate investors, learns how to best allocate his money, after 5 years doubles his income through smart investments, by 31 is financially free from the shackles of employment for the rest of his life.
Option 2: 21 year old signs up for Bigger Pockets, decides to get married and not invest because he believes in "happy wife, happy life", resents her because his money is spent on unnecessary square footage in the perfect home, multiple cars, and vacations, and he doesn't satisfy his urge to invest.
Which one is best FOR YOU? This is your life. Happy D'Andre, happy life. The choice is yours.
