Question about financial differences in married men vs single men

davebrain · 2017-11-09T06:15:13+00:00

Even if having a wife and kids didn't mean leaking more money like crazy like a leaky sieve....even if somehow having a wife and kids magically enabled you to save more money...divorce would just wipe out those savings in the end.

mrscene1 · 2017-11-09T06:09:39+00:00

How do you expect an objective answer when the main dependent variable has an enormous variance. If you marry a millionaire, probably fair pretty well. If you marry a women with expensive tastes who refuses to work, then not so good. The average cost to raise a child to 18 is estimated between 300k - 500k. That's all the objective points I can make.

Spiral-Out-KeepGoing · 2017-11-09T06:21:44+00:00

[deleted]

DagonNaxos · 2017-11-09T07:43:42+00:00

Single, unless your partner is making at least what you are and you're splirting 50/50. Kids are a 500-750K per kid/20 years investment. Also considrr your and her debt load. Remember that if you have 800 credit and no debt, but she has 60K in debt and a 550 FICO, you just acquired 60K in debt and dumped your score from 800 to around 675 just by saying "I Do."

My advice: no marriage, no kids, don't even cohabotate. Also get a full and I do mean FULL background and financial check on them before ypu ever even consider saying the "L" word.

Perrero · 2017-11-09T07:28:58+00:00

If you want to try marriage to increase your net worth, marry a man. From Time.com: "Gay men had an average household income of $176,000 in 2014, $52,000 more than lesbian couples and $63,000 more than opposite-sex couples."

http://time.com/money/4490124/gay-couples-outearn-others/

Plus, it's not gay if you are not having sex. Not like you'd be having much sex of you marry a woman, anyway

Strawsier · 2017-11-09T13:05:00+00:00

Children can be almost a million dollars of expense each.

The wife can drive you to spend more. Overall your financial situation will be far worse married than single.

801735 · 2017-11-09T14:00:30+00:00

But on the other hand mortgage, utilities, and a lack of someone to shoulder responsibility with seems like it would make the impact of these costs heavier on a single man and leave me with the lower net worth.

Or you can go small and share the house with other renters, for example.

kingullu4 · 2017-11-09T10:35:43+00:00

My honest opinion is that a single man will be between 25-50% better off. Less money spent on utilities, less on mobile phone, perhaps even no tv. No child costs (each child will cost about £100-£250 a month depending on age). You also don't have to worry about your partner's shopping and other things.

In 6 years of saving for a deposit on a house, I managed to save 92k, of which 5 were married and 1 was with my daughter. Doing a rough guess, without marriage, without a wife and without a child I'd probably be close to the 150k mark I think. Personally I don't care how much I saved. I have a good wife who hasn't been polluted by the western feminist regime and I have a beautiful daughter. Money matters zilch to me, the happiness of my life is far more important. It's a real shame that guys in the west can't have these same joys because of how stupid the feminists are.

DWShimoda · 2017-11-09T11:45:47+00:00

Worse case scenario, if I fail to start a business or get any supplementary jncome and work just a 9 to 5 job from the age of 25 to lets say 40, how much would it benefit or detract financially to be single versus married?

There is no "objective" answer for this.

Why? Because too much depends upon the spending/saving choices of the individual man.

In that 15 year span, a single guy can ("can" and not "will" because it's only a possibility not a certainty) work hard, even if only for "median" wages, live circumspectly & relatively frugally (not avoiding ALL "fun" but being disciplined about it in a financial sense), save & invest... and at the end of that ~15 year span, "retire" both debt-free and with substantial savings & investments, to spend the remainder of his life living comfortably in a modest home (that he owns "free & clear" -- i.e. no mortgage), with vehicles he likewise owns, and engaging in various (non-exorbitant) hobbies & interests, possibly supplementing it with some "side job" or "side business"; but overall being fairly well off (if not "rich"), and NOT anxious about money.

OR

A single guy could (and most single guys probably >95% of them will -- that's a statistical predictor, a likelihood that approaches a "certainty" but falls just short of it) work that same median wage job (or even one making significantly higher salary) for that same 15 year span... and yet manage to "blow it all" -- on everything from some fancy/expensive apartment, a series of "brand new" cars, trucks, motorcycles and other "toys" and "status symbols" (in addition to the cost of the toys themselves, add on interest and things like "full coverage" insurance; which substantially increase the cost), and then also likely a significant amount on booze, drugs, general "partying" as well as going out, living the proverbial "high life" -- and along the way, probably squandering a significant additional amount on women in one form or another (be it drinks, dates & meals, or else other things to establish/maintain "high SMV/Chad" status; gym memberships, fashionable clothes, etc)... such that by age 40, he really doesn't have (own) a proverbial "pot" to even piss in.

AND

Of course it is MOST likely that the majority will end up somewhere in between the above two "extremes" (though probably far closer to the second rather than the first).

Pretty much the SAME things can apply to "married guys" as well.

Yes there is the possibility that having a wife who also works (at least prior to having children) might -- if they are circumspect & frugal -- allow them to "save up/invest" more rapidly (AND the motivation of "having a family" MAY also induce the man to work HARDER, be a bit more ambitious/aggressive in terms of seeking/obtaining higher income).

But even IF you have a combined couple where BOTH individuals are of a similar "financially frugal" mindset....

That is generally going to be MORE than counterbalanced (negated) by the fact that the "home" any couple is likely to want & acquire will be significantly larger, fancier & substantially more expensive than the home a single (confirmed bachelor/MGTOW) man would build or purchase... and that MUCH larger/higher initial price house is likely to also have far higher "operating" costs (higher interest because bigger mortgage loan; higher taxes because higher price/valuation AND located in a more "trendy" {and "better schools} neighborhood; higher insurance, utility, maintenance & repair bills because its probably twice the size; etc). Not to mention the likely desire of the wife (even an ostensibly "frugal" one) for "shoes, dresses, dinners out, vacations, etc."

And of course that is all BEFORE "kids" (and/or divorce, etc).

Methodless · 2017-11-09T14:05:46+00:00

If I were to find someone with similar spending habits and move her into my current home, the lifestyle change would probably cost $18000 a year before kids. Theoretically, if she can gross $22-25000, I'd be no worse of in terms of day to day expenses. This would include the extra savings I would need to support 2 people in retirement.

However, this doesn't consider any financial compensation for the risk I'm taking. If this goes on for 5 years before she runs off, then during those 5 years, I am equally as well off as if she hadn't been around, but then she actually gets to take half of my accumulated net worth (+ alimony) during those 5 years which is more than I would have had alone, but a lot less than double of what I would have had alone. By my rough estimate, that risk is about 3.5-4 months for every year she's in your life. i.e. if she's around for 5 years, and then walks away, I'd be having to work 18-20 months later in life than I would otherwise have needed to.

This is much more pronounced if you have children or if she spends all of your money.

Hope that answers your question

DWShimoda · 2017-11-09T22:38:11+00:00

Also... just as another note, regarding this:

But on the other hand mortgage, utilities, and a lack of someone to shoulder responsibility with seems like it would make the impact of these costs heavier on a single man and leave me with the lower net worth.

To be sure, a lot of single guys DO end up with "lower net worth" -- chiefly because they aren't really motivated (forced) to work as hard, not because they have someone else to "shoulder responsibility WITH" but rather they have no one to "should responsibility FOR" (less responsibility + less anxiety/fear = less "driven").

BUT... you have to caveat that with the fact that the single guy isn't SHARING his "net worth" with anyone else (there is no "divide by 2" much less 3 or 4 if you add in dependent kids, maybe even 5 or 6 if his "in-laws" move in).

So yeah, a single confirmed bachelor (MGTOW) probably ends up with a house that's only worth (middle America) $150k to $200k versus the $300k to $400k valuation on the "McMansion" house of the typical (middle America) married guy...

But he has that house ALL (100%) to himself... he doesn't need (and therefore didn't need to slave away, buy & pay off) the ridiculously larger/more expensive house... chances are the single guy retired (mortgage paid off, debt free, etc) in his 40's or 40's, where the married guy HAD to keep working to age 60 or 65+ because it took him that long to pay off the 30+ year mortgage (especially if they "upgraded/upscaled" and then refinanced the house, which they nearly ALL do), in no small part because he was probably ALSO pissing away a lot of money on a couple of kids (bigger house, plus food, clothes, health insurance, vacations, etc etc etc).

ALSO chances are that -- especially on a per sq ft that he can TRULY call his "own" -- the single guy is probably WAAAAY ahead of the game (he has a whole house, a whole garage, probably a dedicated workshop, etc); whereas the married guy will be lucky if his wife LETS him have some "man cave" in the garage or a dingy corner of the basement (the REST of the house is HERS, he may technically be the title holder, he may even get to "sit" in it, but he doesn't really "own" it).

The same may or may not apply to things like 401k, see the married guy is probably playing "catch up" trying to max out his contributions in his 50's and 60's -- whereas the single guy probably invested a lot more (and watched it grow) during his 30's and 40's.

And then of course there is the (NOT insignificant) risk that his wifey will decide to just kick his ass to the curb... in which case he'll be VERY lucky if he gets anything at all for "net worth" to keep as truly HIS, because not only does 1/2 (house AND 401k) go to her at the point of divorce, but the other 1/2, well he's probably going to be paying alimony AND child support, and that's gonna drain THAT part down too (unless of course, he buckles down and works even HARDER while also living frugally and trying to "rebuild" his net worth {in middle age, meanwhile the single guy... is "retired" and/or hardly working instead of working hardly}).

Question about financial differences in married men vs single men

Comments

There is no "objective" answer for this.

Why? Because too much depends upon the spending/saving choices of the individual man.

OR

AND

Pretty much the SAME things can apply to "married guys" as well.

Best wishes and GOOD Luck!

Title	Question about financial differences in married men vs single men
Author	Spiral-Out-KeepGoing
Upvotes	8
Comments	31
Date	November 9, 2017 6:04 AM UTC (8 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/7brhzi/question_about_financial_differences_in_married/
Archive Link	https://theredarchive.com/r/MGTOW/question-about-financial-differences-in-married.538304 https://theredarchive.com/post/538304