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Author Topic: Do smart women marry money?  (Read 4727 times)
Halima
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« on: Jul 23, 2009 07:05 AM »


Do smart women marry money?
It sounds easier to find a rich man than to find your own way financially. But I've got a 2-step plan that will make you both richer and happier.

By Liz Pulliam Weston
MSN Money
Young women, here is some advice:

Don't throw your hot, youthful selves away on young, financially unproven men. They may never become successes, and if they do, they'll probably just chuck you for younger models when you're too old to successfully compete again in the marriage marketplace.

Instead, marry rich guys while you're still taut enough to snag them. They may dump you, too, but at least you'll have nice, fat divorce settlements with which to pursue true love, or the pool guy, whoever comes first.

Notice I didn't say it was good advice.

But that is the gist of a new book, "Smart Girls Marry Money: How Women Have Been Duped Into the Romantic Dream -- and How They're Paying for It," by Elizabeth Ford and Daniela Drake.

"Rather than pursuing love, we suggest pursuing a lifestyle with a man you like, or admire and enjoy," they write. "But in any case, he should be a man with resources."

Rescue me
The book is new, but the advice is probably as old as marriage itself. Maybe you've heard this old saying: "It's just as easy to fall in love with a rich man as a poor one."

That reminds me of another chestnut: "If you marry for money, you will surely earn it."

The authors seem to have no qualms, though. They enthusiastically endorse gold digging and even take great pains to dismiss the notion that women can manage well financially on their own. You'll never earn as much as a man, they advise, and if you do succeed, you'll regret it. "Empowering ourselves economically can undermine our sexual power," they counsel.

Betty Friedan is spinning so fast in her grave that she's augured herself down another 6 feet.

The book is laughable, of course. It diagnoses a legitimate problem: people rushing into marriage blinded by lust and romance, without enough talking about money. It's the same issue I discussed in "Get real: Marriage is a business."

But the authors prescribe exactly the wrong solution by advising women to seek out a gold-plated Prince Charming. Ford and Drake explicitly endorse the secret fantasy entertained by too many women: that someone or something will rescue them from having to deal with their own finances.

"That's such a hurtful message," said financial writer Jennifer Barrett, a co-author of "The Smart Cookies' Guide to Making More Dough." "It plays into these fears that (women) can't manage their own money and have their own life without supplementing it with a man."

Money can disappear
Then there's the other problem: Gold digging often doesn't work. Daddy Warbucks can die, lose his money or show you the door right before a sunset clause in your prenuptial agreement qualifies you to share in his wealth.

In Barbara Stanny's case, handing over the financial reins to her husband meant losing a fortune after he gambled away the heiress's wealth and fled the country, leaving her with a $1 million tax bill.

The experience prompted her to write her first book, "Prince Charming Isn't Coming: How Women Get Smart About Money," and embark on a lifetime of teaching women to manage their own financial lives.

"When you take charge of your money," she said, "you take charge of your life."

That doesn't mean you have to go it alone. You just have to change Prince Charming's job description, Stanny said. "He's no longer our rescuer or our savior. He's our partner."

Continued: Growing richer together

It's time for full disclosure: I didn't marry for money, and I'm glad.

I tried dating investment bankers and other masters of the universe. But when I finally felt confident enough to provide for myself, financially and emotionally, I promptly met the man of my dreams.

He wasn't rich -- far from it. But he wasn't a financial mess either. In the 12 years we've been happily married, we've grown richer together in every sense.

So here's my advice to women, and men, when it comes to love and money:

Be your own Prince Charming. That means being fully self-supporting and having finances that work. Live within your means, save for retirement, have an emergency fund, and pay off credit card debt. Don't wait for another person or a lottery ticket to save your bacon.

Once you've got your finances on track, then:

Don't marry anyone who will screw it up. And yes, despite some of the protestations I've heard from the divorced, you usually can see it coming if you choose to look.

Gamblers, addicts and drunks will put you on the fast track to financial misery, but so will someone who won't control his spending, who drags around credit card debt and who refuses to save for the future.

Most often, money problems in marriage are less dramatic. You can save yourself a lot of pain by ditching the rescue fantasies, discussing your finances honestly and creating together a financial plan for your future.

Liz Pulliam Weston is the Web's most-read personal-finance writer. She is the author of several books, most recently "Your Credit Score: Your Money & What's at Stake." Weston's award-winning columns appear every Monday and Thursday, exclusively on MSN Money. She also answers reader questions on the Your Money message board.

http://articles.moneycentral.msn.com/CollegeAndFamily/LoveAndMoney/LoveAndMoneyDyn.aspx?cp-documentid=20616760&gt1=33004

The Almighty Allah says,

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When he invokes Me, I am with him.
If he reflects on Me in secret, I reply in secret,
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I acknowledge him in a far superior assembly."

- Prophet Muhammad (SAW), as reptd by Abu Huraira
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« Reply #1 on: Jul 23, 2009 08:35 AM »

Wow, how disgusting. It's a sad sad thing some women marry for money or even worse become gold diggers. I'll even say a lot of Muslim parents have become gold diggers.

Anyway this book sounds awesome: "Prince Charming Isn't Coming: How Women Get Smart About Money," lol must buy and read inshaAllah!!

ws
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« Reply #2 on: Jul 27, 2009 07:12 PM »

I just put that book on request from my library.

Anyone have advice on investing? I have money saved from working, but its just sitting in a check account.  I am not that adventurous to do something risky like stocks (I think).
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« Reply #3 on: Jul 28, 2009 09:50 AM »

salam


She makes so much sense doesn't she?

That is the exact advice I've been trying to get thro to the women I'm meeting during the current turn of my life.

It is amazing how many women, choose to hand over the finances completely and utterly to their husbands, and do not know what state their money is in.

I cannot stress enough the importance of having your own means of support, always spending within your financial capacity, having a small personal rainy day fund, and most importantly keeping a firm eye on the bottom line of your fmaily finances.


Wassalaam

And when My servants question thee concerning Me, then surely I am nigh. I answer the prayer of the suppliant when he crieth unto Me. So let them hear My call and let them trust in Me, in order that they may be led aright. Surah 2  Verse 186
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« Reply #4 on: Jul 29, 2009 06:02 AM »

i agree dont marry for money, but do marry someone who is respoinsible!!!!! lol
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« Reply #5 on: Jul 29, 2009 11:55 AM »

salam


i agree dont marry for money, but do marry someone who is respoinsible!!!!! lol

Or possibly, marry someone for his Deen, his love and fear of Alllah (swt), such a man would never drain the family finances and leave his wife and children staring into the abyss of debt!



Wassalaam

And when My servants question thee concerning Me, then surely I am nigh. I answer the prayer of the suppliant when he crieth unto Me. So let them hear My call and let them trust in Me, in order that they may be led aright. Surah 2  Verse 186
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« Reply #6 on: Jul 29, 2009 07:15 PM »

kba give us a summary once you're done reading it!! i couldn't find the book here Sad

ws
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« Reply #7 on: Jul 30, 2009 05:57 PM »

kba give us a summary once you're done reading it!! i couldn't find the book here Sad

ws


inshAllah I will. I am second in line for the book
sadah
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« Reply #8 on: Jul 31, 2009 06:37 AM »

Bissalam.
Fozia u really talked it all. The only one thing that perpetuate peace in marriage is the Deen. But bcoz pp nowadays marry 4 other reasons, the marriage is seldom successful. But dont 4get money is essential, one jst has to b weghing.

"Whoever rejects false deities and believes in Allah has grasped a firm handhold which will never break." Q 2:256"
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« Reply #9 on: Aug 07, 2009 08:03 PM »

there is a disturbing trend where men (and their mothers) look for girls who are working or self sufficient as suitable wives.  Where / how did the value of looking after one's wife financially get lost? In the gender race perhaps?

Girls, marry intelligence...money goes away, romance and the mooshy stuff fades away.  An intelligent person will always be self sufficient and therefore capable of being a provider to a family.
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« Reply #10 on: Aug 08, 2009 11:43 PM »

Those looking for girls that are working/self-sufficient are maybe looking for a certain type of girl perhaps. Those who don't work or perhaps never worked are just different in lifestyle/needs. Maybe they are thinking ahead like if something happens to the guy she would still be able to take care of herself and her family?

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« Reply #11 on: Aug 09, 2009 07:57 AM »

Asalaamu Alaikum  bro


Quote
Where / how did the value of looking after one's wife financially get lost?


You know it's interesting but I have a work colleague who is Catholic and is getting married back home.

Part of the marriage process includes the bride and groom having to take a course on marriage with a local priest (in conjunction with other couples) and which needs to be signed off otherwise the marriage cannot go ahead.

Whilst I wouldn't necessarily go that far, there is a sense of people not really knowing enough about the rights and responsibilities of marriage, and even if we do read the books and listen to the tapes on marriage, we don't really fully implement them; thinking they are more guidelines rather than actual principles which will help us in life.


Unfortunately the only cure for ignorance is knowledge.

Say: "O ye my servants who believe! Fear your Lord, good is (the reward) for those who do good in this world. Spacious is God's earth! those who patiently persevere will truly receive a reward without measure!" [39:10]
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