SAHM: what do you do to protect yourself financially?

[Anonymous]

We have pretty decent assets at this point and over the last seven years I’ve bought, fixed up and sold three homes we’ve lived in. We’ve made a good amount of money which we’ve used to pay off all of our education loans plus up our savings. I have a design degree which helps and I’ve gotten good at dealing with contractors and subs. If need be I could do it as a business.

[Anonymous]

Every SAHM I’ve met - unless they have significant family wealth UNRELATED to their husband that they never merged - is effed in divorce.

[Anonymous]

Anonymous wrote:I have an MD, residency and fellowship training, and I do occasional work on weekends, so I won’t have a gap in my CV. I can go back to work at any point.

Why on earth work so hard just to quit? Especially when medicine is generally so flexible?

[Anonymous]

Anonymous wrote:We have pretty decent assets at this point and over the last seven years I’ve bought, fixed up and sold three homes we’ve lived in. We’ve made a good amount of money which we’ve used to pay off all of our education loans plus up our savings. I have a design degree which helps and I’ve gotten good at dealing with contractors and subs. If need be I could do it as a business.

How have “we” earned mo why if you don’t work?

[Anonymous]

*money if

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have an MD, residency and fellowship training, and I do occasional work on weekends, so I won’t have a gap in my CV. I can go back to work at any point.

Why on earth work so hard just to quit? Especially when medicine is generally so flexible?

This is actually quite common as lots of MD women marry wealthy surgeon husbands

[Anonymous]

Anonymous wrote:Every SAHM I’ve met - unless they have significant family wealth UNRELATED to their husband that they never merged - is effed in divorce.

Also the WOHMs who have divorced. In fact, one WOHM who was the sole breadwinner, cheated and divorced her husband, and her finances were ruined as well as her kids. No one wins in a divorce.

[Anonymous]

DCUM is the land of rich SAHMs. We will be ok.

Think of us as Donald Trump's first wife, not the second. LOLz.

[Anonymous]

Anonymous wrote:Every SAHM I’ve met - unless they have significant family wealth UNRELATED to their husband that they never merged - is effed in divorce.

True except if half of their marital assets is over $2 million.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have pretty decent assets at this point and over the last seven years I’ve bought, fixed up and sold three homes we’ve lived in. We’ve made a good amount of money which we’ve used to pay off all of our education loans plus up our savings. I have a design degree which helps and I’ve gotten good at dealing with contractors and subs. If need be I could do it as a business.

How have “we” earned mo why if you don’t work?

The business of buying, fixing and selling was all done by me including doing a lot of the work myself. My husband had practically nothing to do with the projects. It annoyed some of the subs because they would prefer to deal with a man.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Every SAHM I’ve met - unless they have significant family wealth UNRELATED to their husband that they never merged - is effed in divorce.

True except if half of their marital assets is over $2 million.

As long as they realize that’s savings, not his income... and even then, nah

[Anonymous]

I have rich parents. Otherwise I'd be screwed if we got divorced.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No pre-nup. All money and assets owned jointly. Trust funds for kids. My own earned money in my name only. Strong marriage to a great guy.

You protect yourself by being very well educated, and not having kids with jerks. Because, guess what? Jerks showed you that they were jerks before they married you but you still went ahead and married them and procreated because you were desperate.

So your DH can never fall in love with someone else because you didn’t marry a ‘jerk?’ I see...

Awwww...is it called "falling in love"? Nope. I expect complete loyalty and fidelity because did not marry a jerk. Ymmv.

You need to stop with this. I am a wohm but believe I have a strong marriage to a “non-jerk”. I expect (20 years in) that we have a decent chance of making it. However, I do not believe for a moment that all divorced women just chose badly or whatever. Sometimes things don’t work out for a multitude of reasons. And that could be you or me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have an MD, residency and fellowship training, and I do occasional work on weekends, so I won’t have a gap in my CV. I can go back to work at any point.

Why on earth work so hard just to quit? Especially when medicine is generally so flexible?

This is actually quite common as lots of MD women marry wealthy surgeon husbands

What? Go back to your hole. Seriously, post nicely or don't post. Wrong, complete opposite in my house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have an MD, residency and fellowship training, and I do occasional work on weekends, so I won’t have a gap in my CV. I can go back to work at any point.

Why on earth work so hard just to quit? Especially when medicine is generally so flexible?

It really isn’t flexible. I am not sure where you got that from.