Everyone around me is getting married

[BadBoy89]

Dear Ms. Pretty,

I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours.

Please allow me to analyse your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I’m not wasting time here.

From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you’re trying to do is an exchange of “beauty” and “money”: Person A provides beauty, and Person B pays for it, fair and square.

However, there’s a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can’t be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It’s not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later. By the terms we use in Wall Street, every trading has a position, dating with you is also a “trading position”. If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or “leased”.

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income.

This has better chance than finding a rich fool.

Hope this reply helps. If you are interested in “leasing” services, do contact me…

signed,

J.P. Morgan

Love the “holier than thou” by JP Morgan.

Like these guys weren’t responsible for the financial crisis, destroyed millions of lives and families.
Like these guys don’t have insider trading secrets that screw the general public.
Like these guys don’t have high net worth clients that aren’t married to young models, don’t have young hot mistresses

But when it comes to a young girl asking to marry a rich guy, they didn’t sleep through ethics.

 

[Hamurabimbi]

How do you cope with this fact, especially for the older Players here? I'm in my mid 20s but already relatives and aquatainces are getting married. So the question always comes back to me "when are you getting married". I'm from a more traditional background and want to get married to have kids but of course with modern marriage laws it's not the best idea.

How do you guys answer the question "when are you getting married" from relatives and friends?

Do not fear if they ask ‘When are you getting married?’ Fear when they don’t ask.

 

[Mike32ct]

Do not fear if they ask ‘When are you getting married?’ Fear when they don’t ask.

This point cannot be overemphasized.

When they stop asking about your relationship status, then it’s over.

 

[Alvafe]

well last week I ahd a friend marry, and a month before anothers.

I just tossed the and one more bite the dust, rest in peace dude, in our whats group.

serious guys why you care? if anything watch they lives and be even more happy with yours.

today the chances of having a good one and not being fu in the end is like lotery, and if I was into gambling I would go to vegas or play lotery, better chances of win

 

[Willie Naylor]

You could say, "I got married yesterday."

 

[biggoal]

What's the average age of these marriages? It seems a lot of them they knew each other from college or high school and they marry young like the 22 to 28 age range.

 

[BadBoy89]

When they stop asking about your relationship status, then it’s over.

Nothing is over bro. The only ask because they don’t want you to marry an actress or get “ahead” of THEM in some way. They don’t actually care. If they “cared” they would be introducing hot single girls left and right.

The hell with them all.

 

[AureliusMaximus]

Love the “holier than thou” by JP Morgan.

Like these guys weren’t responsible for the financial crisis, destroyed millions of lives and families.
Like these guys don’t have insider trading secrets that screw the general public.
Like these guys don’t have high net worth clients that aren’t married to young models, don’t have young hot mistresses

But when it comes to a young girl asking to marry a rich guy, they didn’t sleep through ethics.

Envy and white knighting won't help you here mate.

 

[Bingo-Player]

Nobody in my family would dare to ask me to get married or ask when i am getting married

Reality is its an outdated institution it has been for 20 odd years society offers next to zero recognition to people being married

In the olden days it was always a popular status symbol to marry one rich family into another hence the financial bond it's designed to create

But now other than the title or mr and mr's and maybe some photographs / memories i really cant understand what purpose it serves

The only time i would get married is if the girl was from a very wealthy family which really says it all

What society does do is train women from very young to anticipate their wedding day as the most magical day of their lives ( some men too )

A girl i am friendly with falls into this category all she has wanted for the last 15 years is to get married now her boyfriend has proposed and they are planning a 30-40K wedding ( that's in gbp ) they are not high earners by any stretch of the imagination

Now for £30,000 i would certainly hope it is going to be the most magical day of her life because she is certainly paying enough for it

To me it just looks like another consumerist booby trap .....but i will be attending because i know there's going to be some very hot bridesmaids there

 

[RickTheToad]

A girl i am friendly with falls into this category all she has wanted for the last 15 years is to get married now her boyfriend has proposed and they are planning a 30-40K wedding ( that's in gbp ) they are not high earners by any stretch of the imagination

Now for £30,000 i would certainly hope it is going to be the most magical day of her life because she is certainly paying enough for it

To me it just looks like another consumerist booby trap .....but i will be attending because i know there's going to be some very hot bridesmaids there

That's just criminal. If he agrees to this, he's nuts. I'd walk. Another female is easier to replace than those lost funds and time.

 

[biggoal]

That's just criminal. If he agrees to this, he's nuts. I'd walk. Another female is easier to replace than those lost funds and time.

What is your opinion on expensive weddings? I have a cousin who married at 22 and it wasn't cheap. The guy ended up being a deadbeat, druggie loser and were divorced a year and a half later.

 

[mjb3617]

What is your opinion on expensive weddings? I have a cousin who married at 22 and it wasn't cheap. The guy ended up being a deadbeat, druggie loser and were divorced a year and a half later.

The wedding industry is one of the biggest money grabs. All that money spent for a few hours of pomp and circumstance.

If you really wanted to get married, have a justice of the peace do it with only a few close family/friends attending. Save the money for the eventual divorce.

 

[Zimbabwe]

The wedding industry is one of the biggest money grabs. All that money spent for a few hours of pomp and circumstance.

If you really wanted to get married, have a justice of the peace do it with only a few close family/friends attending. Save the money for the eventual divorce.

The funny thing is, every wedding i have been to had everyone bored out of their minds. Unless you're actively involved with the wedding itself, it can be an incredibly dull experience.

I don't see the point of inviting some distant relatives you speak to once a decade to a wedding.

It would be better to a have a small reception with close friends ans family, limit to under 20 people. Save the money for the honeymoon or a house deposit.

 

[BeExcellent]

You can always do what I did. Transfer all business holdings and assets into a IRT and then have an iron-clad prenup. I know this worked as I did prior. However, I will add to the pre-nup each person is responsible for their own medical and legal premiums and costs in the case of a divorce or legal separation. I got dinged on the last since she was on my insurance. It sucks that one has to think this way. I've found the the one with lesser or no assets doesn't understand the risks. Still up in the air on marriage. I feel that I will be basically forced into it if I want a family. Reminds me of jail...

I put all assets into LLC structures and then put those LLCs into a trust. It was a bit expensive, but worth it. The trust is revocable unless I die, in which event the trust becomes irrevocable with two of my most trusted and most financially savvy friends (I’ve known each for 30+ years) will serve as trustees, one charged with oversight of minor children if there remain minor children at the time of my death and the other charged with oversight of the assets and investments in the trust which would include a large life insurance payment.

This is already done and has been in place for years. I was exceptionally fortunate to have gone through one divorce financially unscathed. I will tip the scales in my favor if I ever choose to marry again.

So essentially I don’t own anything besides some art and a very expensive car.

But I like the stipulation you added about paying one’s own legal costs.

My father (who was an accomplished attorney) practiced family law 20+ years among other things in his lengthy career.

He always said a marriage is akin legally to a partnership business structure. You are well advised to start out with a solid partnership agreement that determines what happens if the partnership fails. By laying out terms for dissolution when all parties are agreed and getting along, you avoid much cost and stress at some point if the partnership is no longer tenable. It’s not terribly romantic but it’s necessary.

 

[BadBoy89]

Envy and white knighting won't help you here mate.

Wasn’t envying or white knighting, just stating facts.

 

[AureliusMaximus]

If you really knew the facts you would not write that in the first place. As former pro trader myself I can easily say your "facts" is pure BS and simply not true..

 

[SW15]

The wedding industry is one of the biggest money grabs. All that money spent for a few hours of pomp and circumstance.

I couldn't agree more. I watched my local friends go through this in the 2010s. It was astounding. Guest lists of over 100. High costs. The parties were mostly lame anyway.

 

[Zimbabwe]

I couldn't agree more. I watched my local friends go through this in the 2010s. It was astounding. Guest lists of over 100. High costs. The parties were mostly lame anyway.

And you honestly wonder how many people actually want to be there and not out of obligation.

 

[RickTheToad]

I put all assets into LLC structures and then put those LLCs into a trust. It was a bit expensive, but worth it. The trust is revocable unless I die, in which event the trust becomes irrevocable with two of my most trusted and most financially savvy friends (I’ve known each for 30+ years) will serve as trustees, one charged with oversight of minor children if there remain minor children at the time of my death and the other charged with oversight of the assets and investments in the trust which would include a large life insurance payment.

This is already done and has been in place for years. I was exceptionally fortunate to have gone through one divorce financially unscathed. I will tip the scales in my favor if I ever choose to marry again.

So essentially I don’t own anything besides some art and a very expensive car.

But I like the stipulation you added about paying one’s own legal costs.

My father (who was an accomplished attorney) practiced family law 20+ years among other things in his lengthy career.

He always said a marriage is akin legally to a partnership business structure. You are well advised to start out with a solid partnership agreement that determines what happens if the partnership fails. By laying out terms for dissolution when all parties are agreed and getting along, you avoid much cost and stress at some point if the partnership is no longer tenable. It’s not terribly romantic but it’s necessary.

Agreed 100% except for the revocable part. Since you are the beneficiary and you can revoke the trust, should you get married or live with someone again (common law if your state accepts it), those properties are vulnerable for distribution. All I have is my clothes in my name. Anything of value was deeded and listed in my trust documents. People can be vicious. My ex-wife challenged my trust and the pre-nup; she lost on both accounts. However, we both had spent around 30k in legal fees; so this is why I would add the legal fees and medical fees/premiums to the next pre-nup. I I had that prior, it would had been a cleaner and faster, less expensive, divorce.

 

[RickTheToad]

What is your opinion on expensive weddings? I have a cousin who married at 22 and it wasn't cheap. The guy ended up being a deadbeat, druggie loser and were divorced a year and a half later.

I think all weddings are a waste of money. I did it on my first wedding with the condition that I get all the large monetary gifts to pay myself back; which I did. She kept the cash, wedding presents and smaller checks. In the end, I wasn't out much. However, complete waste of money. Complete.