Future Financial Security as a SAHW/SAHM

Environmental_Ad5867 · 2022-07-06T19:06:00+00:00

Life is unpredictable. The only control you have over that is to make the right foundation choices to begin with so you’d have someplace soft(er) to land if you fall.

That’s why I think the vetting process for a man is very important. I would argue that choosing who you marry is the most important decision you would ever make because not only will you be tied to this man legally, financially, emotionally, he would also be the father and role model to your children. The right man will also make sure that if anything happens to him, you and the kids are taken care of- be it life insurance, savings, property and other financial investments.

For me personally I chose to have my own career with the flexibility of going part time when we have children. This allows my own income, savings and pension. I’m not aiming to be the breadwinner but gives me my own ‘insurance’ that if anything happened to him I can still provide for our future children and me. This is a personal preference even though my partner has expressed many times that even if I decided to be a SAHW/SAHM, he would fully support it.

That said, my mother was a SAHM when my brother and I were growing up. When my dad passed, he willed everything he had to her. She doesn’t have to worry about her finances but my father was very successful in his life. I dread to think if that were otherwise and she needed to go back to work to support herself. Even if that were the case, my brother and I are more than able to take care of her. Cultural for us it’s expected that the children step up to take care of their ageing parents. I guess maybe that’s the other option? I appreciate this isn’t ideal for people didn’t grow up in that same mindset

afitfox · 2022-07-06T22:20:42+00:00

I’m essentially a SAHM.

We have a teen and a baby on the way. I used to have a career but looked into jobs that I could do from home (this was pre-pandemic), and settled on freelancing. Particularly freelance graphic design. My prior career had NOTHING to do with design!

There are places like Upwork and Fiverr (your mileage may vary with these websites) that can hook you up with clients for whatever you freelance in.

Freelancing allows me to set my own hours so I can care for our home and kids. Some years I make six figures doing this. Some years (like this year when I’m not as up to it due to pregnancy), I make 30k.

I can choose to work full time or not because I get to pick my clients. Last year, I worked roughly 30 hours per week. This year, I’ll probably work 15 hours per week due to having a baby. I can set this money aside in case something happens. I can also use this money to treat myself or help out if things get financially tough.

I understand not everyone has this choice. But it is an option!

Suspicious-Lake-8768 · 2022-07-06T18:42:00+00:00

alimony and life insurance exist

whatsiteven · 2022-07-06T18:48:22+00:00

I'm not saying to go to a lawyer but there is such a thing as a post-nuptial agreement. There is also life insurance. These are valid legal options to explore. I'd also talk to your partner about this being a concern. Most providers will try and make sure you'll be taken care of in their absence. In the meantime, some hobbies that can be easily monetized. Photography for example, or charcuterie board planning. A lot of the wealthy SAHW/SAHM in my area have little boutiques for all kinds of random things (puppy clothes, beachwear, candles) that allow them to have a little hobby/side business. Their partners cover the cost of the business (rent/purchasing the store, employees, taxes, etc) and they just cover the fun part (advertising, making or buying the actual stuff, etc).

LadySandcastle · 2022-07-06T23:08:24+00:00

It's one of the reasons I decided to get educated in Healthcare. So long as I keep my licenses active I should always be able to find work if I need it.

Apparently my husband's job would also pay me a years worth of his salary should he pass away, it's part of the benefits.

tabeatroester · 2022-07-06T23:44:43+00:00

Prenup and life insurance !

imlost_n_ilikeithere · 2022-07-07T11:53:07+00:00

I’m a SAHM and love it. My husband says that he doesn’t want me to ever need to work so he’s taking care of things. We have life insurance. His (the biggest) goes to me and mine goes to my daughter (because he won’t need it and she still a kid). We have investments, annuities and a trust fund that spells out everything for both of us and the kids. He also has a pension that I would get for the rest of my life if he dies first and social security when we’re older although you can’t count on that. So, I guess the answer is get a husband that loves you enough and is smart and hard working to make sound financial decisions for you and your family

Marissa_Smiles · 2022-07-07T01:37:03+00:00

I can absolutely understand your concern. I was very fortunate to have family help. But my suggestion would be to consult with a lawyer. We have a prenup and joint tenancy of our primary home. I think a comprehensive estate plan will give you the peace of mind you seek.

jenna_grows · 2022-07-07T07:16:03+00:00

We’re an economic depression that’s only getting worse, I’m not quitting my job when I have kids.

I am a lawyer, I wfh, I’m happy, I cook three meals a day.

Title	Future Financial Security as a SAHW/SAHM
Author	ScratchyCatCakes
Upvotes	24
Comments	16
Date	July 6, 2022 6:30 PM UTC (4 years ago)
Subreddit	Posted in /r/RedPillWomen
Original Link	https://old.reddit.com/r/RedPillWomen/comments/vswwtt/future_financial_security_as_a_sahwsahm/
Archive Link	https://theredarchive.com/r/RedPillWomen/future-financial-security-as-a-sahwsahm.1122803 https://theredarchive.com/post/1122803

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