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Financially Savvy Women

The Duke

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy? Most I see struggle with financial concepts, don't understand how to generate wealth, don't understand the tax system, have cash flow issues, carry credit card debt, spend too much on unnecessary things, don't save enough, finance too many new cars, have too many loans, get stressed over large transactions, etc.

Society tells us that they don't earn as much as men, and when that theory cracks then we hear they don't have the same opportunities.
 
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Most women I’ve dated never look at the prices at the grocery store. They think everything is a good deal and never rationalize cost efficiency. Very few women are good negotiators.

When I’m in a relationship, I make it clear that I will handle the finances together and they can always come to me for advice on any purchases. I always ask for their credit score and debts before committing.
 

jaygreenb

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy? Most I see struggle with financial concepts, don't understand how to generate wealth, don't understand the tax system, have cash flow issues, carry credit card debt, spend too much on unnecessary things, don't save enough, finance too many new cars, have too many loans, get stressed over large transactions, etc.

Society tells us that they don't earn as much as men, and when that theory cracks then we hear they don't have the same opportunities.
Yes, from my experience the more feminine they are the more likely they did not have their finance together and were huge consumers often of luxury items. Of course there are exceptions. The women who were really saavy with finance/business tended to have more masculine traits which helped them succeed. I don't think social media has helped this dynamic either.
 

shwami_salami

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy? Most I see struggle with financial concepts, don't understand how to generate wealth, don't understand the tax system, have cash flow issues, carry credit card debt, spend too much on unnecessary things, don't save enough, finance too many new cars, have too many loans, get stressed over large transactions, etc.

Society tells us that they don't earn as much as men, and when that theory cracks then we hear they don't have the same opportunities.
Never unless you count women who save. But even then women who save, spend it on something rediculous, and like dont often get to their goal. So she will save 10000 for a new house, but spend 5000 on a vacuum robot.

Chodaw is exactly right on it though. They are bad at negotiation. So if you get an escort, you can haggle her from 1000 to 250. She will still jump on.
 

RazorRambo24

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy? Most I see struggle with financial concepts, don't understand how to generate wealth, don't understand the tax system, have cash flow issues, carry credit card debt, spend too much on unnecessary things, don't save enough, finance too many new cars, have too many loans, get stressed over large transactions, etc.

Society tells us that they don't earn as much as men, and when that theory cracks then we hear they don't have the same opportunities.
yep I have and it can be quite annoying. I dated a woman who made around 120k a year for a while. she worked at JP Morgan as some kind of investment analyst.. She was early in her career there but she would be so pretentious in how she speaks about money, about business (though she has no business experience of her own), etc.. I personally dislike when women try to act like our equals. She would always try to give me advice, when I make more than 150k a year and been doing business for over a decade. The worse was she'd like give me advice while in front of her friends to like show off that shes so smart or something.. like "look at me, im teaching a guy something!" when she wouldn't be saying anything I didn't know.. id respectfully let her speak and be like yeah ofc yep, yeah

At first I found her super attractive due to her independence/confidence.. she was a great flirt , the type to really challenge you and play hard to get.. Unfortunately it didnt last very long. While she was annoying quite often, I felt like there was some interesting possibilities just based on the fact that she had her own money and a good head on her shoulders
 

corsica

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They will see a $100,000 car marked down to $80,000, then buy it and say that they "saved $20,000."
I've seen worse. Somebody once said something the like of "I made $20k". - Thinking you could sell the car in the future and pocket the difference.
 

BackInTheGame78

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy? Most I see struggle with financial concepts, don't understand how to generate wealth, don't understand the tax system, have cash flow issues, carry credit card debt, spend too much on unnecessary things, don't save enough, finance too many new cars, have too many loans, get stressed over large transactions, etc.

Society tells us that they don't earn as much as men, and when that theory cracks then we hear they don't have the same opportunities.
To some degree...most of the women I have dated are pretty good in terms of paying bills on time, saving money and not spending frivolously on random things. However most have no clue in terms of investments, 401Ks or similar things.

I carry no credit card debt and while I don't expect that from anyone I date, I also won't date someone who has 3 or 4 cards maxed out with their monthly payments more than a house payment either.

I do take the free money these cards offer with their 5% cash back...charge all my monthly expenses and payments I can on the card and pay it off every month...ends up giving me free money for doing nothing other than using their card.
 

FlirtLife

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy?
The smartest women I know tend to handle their finances well, investing passively and saving in retirement accounts. In a small sample size, their relationships tend to be stable and long-term, so not women you'd see on the dating market.
 

jaymbrs

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Yes. My ex was a consultant for a stock brokerage firm. Her dad did something similar for Deloitte. She taught me a few things. I’d say a big reason why we lasted as long as we did.
 

corsica

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I do take the free money these cards offer with their 5% cash back...charge all my monthly expenses and payments I can on the card and pay it off every month...ends up giving me free money for doing nothing other than using their card.
Could you tell me what card gives 5% cashback? I use Wells Fargo Active Cash that pays 2% for everything you buy.
 

SW15

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For the men out there that have their finances in order and understand financial principles, have you ever been with a woman that you thought was financially savvy?
No, I have not.
 

threeforfree

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Could you tell me what card gives 5% cashback? I use Wells Fargo Active Cash that pays 2% for everything you buy.
Yeah I'd like to know as well. My Fidelity card gives me 2% that goes into buying more mutual funds, the only 5% I have is fuel purchases using my Sam's Club Mastercard.
 

BeExcellent

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There are financially savvy women out there. But if you don’t have your act together financially you’re probably not moving in social circles with such women.

My parents brought my sisters and I up to be financially self reliant, even though neither of my parents were skilled with money. We had wealthy grandparents and other non immediate family however and grew up in an exclusive affluent area where achievement was both expected and rewarded. My dad was an excellent lawyer, made plenty but didn’t know how to build wealth with what he earned. To a great degree I learned from him what NOT to do. I actively sought out mentors to learn.

Nobody gets rich saving. Yes you can be advantaged by using high interest savings accounts, cash back cards and so on, but the reality is that to accumulate wealth you need certain habits which saving money will cultivate. Building wealth is an exercise in delayed gratification and self discipline. Relatively few people will put that into practice however in our consumption driven society, and so relatively few end up rich.

You need to have an investment mindset and a leverage mindset to create real wealth. You might have talent or ability you can leverage, you might have money you can leverage, you might have contacts or a network you can leverage, you might have intelligence or education or an idea you can leverage, but you must leverage something to create wealth. Unless you win the lotto, but that really isn’t an investment strategy.

And many lotto winners end up back how they started remarkably fast, because without the habits in place to manage and grow wealth? Money escapes from those people.
 

corsica

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The problem of saving money is that it takes time and there is no fail-proof method of retiring with passive income.

Let's say you make $100k/year and rates are 5%. You need $2 million to be able to make those $100k/year.
That's 20X your annual income. Compound interest can help you but nobody saves 100% of their salary, much less for almost 20 years.

But we have to take into account that after 20 years working you already bought a house, car and whatever big purchase is already paid. So maybe, maybe you just need half of your regular salary to maintain the same lifestyle. Still 10X your yearly salary.
Not counting compound interest or taxes, you'll have to save half your salary for 20 years. Living below your means is important but half of what you make seems like you're not enjoying life as you should.

So @BeExcellent is right about nobody getting rich by saving.

You can save and invest in the right asset at the right time and get lucky. But that's random.
 

Solomon

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There are financially savvy women out there. But if you don’t have your act together financially you’re probably not moving in social circles with such women.
Once I started making more money It put in proximity with said women. They tend to be successful in their field and some of them are in finance making low to mid 6 figures. And no these aren't your "Boss Babe Chicks" some of these chicks are feminine and hot or both. They are out there but you can't be a broke bum cause they live in some of the best apartments, condos, and penthouses in the city.

These women for the most part are looking to settle down or get married you won't find them in the club every weekend maybe a private penthouse party though
 

Fruitbat

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Yes. My wife. Asian women are iron chancellors.

Im the one who’s getting berated for silly purchases. God help a husband of an Asian lady who buys food and let’s it go off and throws it away.

like all women, she spends what I consider too much on skincare and beauty but that’s just priorities. She maybe spends $100-150 a month on this.

About 3 years ago I decided to go for a better job. I needed exams and in covid I was skint.
I floated the idea of taking £3000 in loans for education. I expected her to be against it but right off the bat she immediately said go for it. If it’s an investment, she said; it’s money well spent.

In her culture, women control the family money. Not hereditary but married couples, the guy works and gives it to the wife. We don’t do this (although I do pay the bills because she earns about 1/5th of what I do) but she has the mindset of a man in this regard.

The one thing she can’t understand is the western wealth cycle. In the U.K., the system is set up for pension and mortgage. You are generally poorer when young with kids and as you approach retirement become wealthier. On retirement I’m going to have a bit pot of money and no rent. In asia, the young have the money. They have no pension system to speak of so the old depend on the young. Asians don’t have a strong conception of mutual funds and investment and only really get gold, banknotes and property. I have a hard job explaining I’m actually worth a lot of money and I’m making 7-10% a year long term sat doing nothing. I don’t have wads of cash in an account or safe - which is what they would be doing! at 57 i am done.
we will have about £200k to spend, a paid off
mortgage and an income for life.
she will be retired at 46. under her system, we would live the high life now and have to depend on our kids at 57. f that, i dont want to be a burden on my kids but its how SE asian culture works
 

FlirtLife

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In asia, the young have the money. They have no pension system to speak of so the old depend on the young. Asians don’t have a strong conception of mutual funds and investment and only really get gold, banknotes and property. I have a hard job explaining I’m actually worth a lot of money and I’m making 7-10% a year long term sat doing nothing.
Speaking as someone living in Asia right now, I hope your wife adapts to where she's living. In Asia children might leave home later, and depend on their parents more. But in the West, children tend to be more independent and don't expect to pay for their parent's retirement. A plan that would work fine in Asia ("old depend on the young") will not work well in the UK or US.

Have you considered becoming a landlord? In Asia, owing land and getting paid rent is well understood... mutual fund returns, not so much. I suspect talking about owing a rental property would make much more sense to her (and her family) than numbers in a brokerage account. From your perspective, would diversifying into real estate make sense? (You may need to consider the committment required to be a landlord... maintenance costs and late night repair calls).
 

The Duke

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Once I started making more money It put in proximity with said women. They tend to be successful in their field and some of them are in finance making low to mid 6 figures. And no these aren't your "Boss Babe Chicks" some of these chicks are feminine and hot or both. They are out there but you can't be a broke bum cause they live in some of the best apartments, condos, and penthouses in the city.

These women for the most part are looking to settle down or get married you won't find them in the club every weekend maybe a private penthouse party though
Don't think that a great salary indicates they are financially savvy. I've dated many girls that made $100k-$250k per year and wasn't impressed with their financial skills.
 

Fruitbat

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Speaking as someone living in Asia right now, I hope your wife adapts to where she's living. In Asia children might leave home later, and depend on their parents more. But in the West, children tend to be more independent and don't expect to pay for their parent's retirement. A plan that would work fine in Asia ("old depend on the young") will not work well in the UK or US.

Have you considered becoming a landlord? In Asia, owing land and getting paid rent is well understood... mutual fund returns, not so much. I suspect talking about owing a rental property would make much more sense to her (and her family) than numbers in a brokerage account. From your perspective, would diversifying into real estate make sense? (You may need to consider the committment required to be a landlord... maintenance costs and late night repair calls).
I don’t like real estate as an investment for exactly those reasons. Also it’s highly leveraged, concentrating wealth into a single point. It’s usually taxed hard and I’m a professionally qualified investment manager and I can make 7-10% a year long term no sweat, so why would I buy an asset with a yield of far below this with a lot of commitment?

She is buying property over there. I think it’s good - we are diversified, she knows the market. We have somewhere we can live potentially. I don’t understand their legal system.
 
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