Reply to SAHM: what do you do to protect yourself financially?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1. I will get half the assets, so $400k from the house, $ 250k from the 401k, and about another $250k from investments, liquid funds, etc. I’m 35 so not too shabby.

2. I will get alimony and child support based on his $350k salary

3. I have Masters degree and worked for 13 years before staying home to have children close together, ie, 4, 2 and newborn. I can get back into the workforce.

4. My children have trust funds and college is fully funded for undergrad and grad school, accruing interest.

5. I don’t need the standard of living I have. Even if I get a job making $100k, with alimony and child support I will be fine.

All of the above is purely to answer the question, I do not plan on divorcing and am happily married. [/quote]

How do you kids have trust funds if your husband only earns $350k a year?   Where do you live where you have such a cheap house?

[/quote]

This is like one of those "how I paid off my debt in three years" articles that magazines like to run. The answer is ALWAYS generational wealth. [/quote]

PP here. Generational wealth plus working out asses off and saving before we had children. [/quote]

You LITERALLY just admitted the trust fund was from Daddy. You may have worked hard, but no harder than lots of folks who will never have the kind of safety net you were handed, let alone the opportunities that safety net provided throughout childhood and university. [/quote]

Laughing out loud. This was so incredibly tone deaf I almost couldn't believe it. Born on third base and thinks she hit a triple. Unbelievable, "worked our asses off!"[/quote]

The thing about people like PP is that everyone they know has the same privileges, so they never even think about them. I'm sure she truly believes she earned every bit of her financial security, and never spent much time thinking about just how far ahead you start if you enter adulthood with no educational debt, help from your down payment, and fully funded trust funds for your eventual kids.

Most of us would be financially secure with that sort of head start, but PP can't see it because it is just de rigeur for her social set. [/quote]

She also thinks she can waltz back in to the workforce after years and get a “lowball” 100k+ job so yeah, delusional. If your math is that far off that it is obviously questionable (I questioned too when I read it) then yes, of course you will get called out. What’s the point in sharing made up numbers and situations? Most people easily know how long they’ve spent in the workforce.  :lol: [/quote]

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