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Women should be financially independent.

KindredMaximus

March 20, 2022
378 upvotes
/r/FemaleDatingStrategy
https://youtube.com/shorts/AtnhjAZwNAE?feature=share
Archived from /r/FemaleDatingStrategy

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Post Information
Title Women should be financially independent.
Author

KindredMaximus

Upvotes 378
Comments 23
Date March 20, 2022 12:03 PM UTC
(4 years ago)
Subreddit Posted in /r/FemaleDatingStrategy
Original Link https://old.reddit.com/r/FemaleDatingStrategy/comments/tijkxi/women_should_be_financially_independent/
Archive Link https://theredarchive.com/r/FemaleDatingStrategy/women-should-be-financially-independent.1108417
https://theredarchive.com/post/1108417
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Comments

[–]FI-REfoxFDS Newbie 191 points192 points193 points 4 years ago (10 children) | Copy Link

I'm here for this. Even if it "makes sense" to stay at home fully or partially to run the household (especially if kids comes along), women need to consider the invisible cost of doing so.

I've heard friends say "why should I work when my whole paycheque goes to the day care centre?", but it's not just about the income you are making and immediately spending. It's about the Social Security/CPP credits you are losing that will reduce your benefits and could impoverish you in your old age. There's no reliable data source that I've ever seen behind claims that social benefits will disappear for North Americans by the time Millenials and Gen Z retire; these claims are merely certain doomer aspects of society gaslighting you into giving up your own power to support yourself. Redpillers certainly would love for you to believe that you need to be dependent on a man and HIS income or retirement benefits to not end up in the streets. Then you're really stuck for life, aren't you?

[–]atreegrowsinbrixtonFDS Newbie 81 points82 points83 points 4 years ago (1 child) | Copy Link

and the 5+ years of missing work experience and how hard it is to get a job again and then you're basically starting from square one

[–]FI-REfoxFDS Newbie 43 points44 points45 points 4 years ago (0 children) | Copy Link

You're absolutely right. Many people overestimate how easy it is to get back into the workplace when your contacts and skills have started to soften, if not gotten stale. And when women have multiple children, they can get stuck in a situation where they cannot get back to work until the youngest is in kindergarten and it's been a decade or more since they left their job.

Even if you are hired back, your salary will not be commensurate with other employees of your age, and will likely be even lower (after adjusting for inflation) than the salary you earned when you left your job.

One more very insidious drawback to staying at home is that you begin to feel that no matter how hard you work every day managing a household and children (and it is tremendously exhausting and intense), you never actually accomplish anything because there are few work-like "projects" with start and end dates or specified objectives. Because the only acknowledgement/reward for work in a highly capitalist and male-centered society is money and the status that comes with consumerism, you start to internalize feelings of low value and self worth because society does not value a stay-at-home mother.

Despite the lip service that "family" and "motherhood" get from low-value rp men and society at large, they value mothers no more than they value the employee at the McDonald's fry station: oh they'll pop a testis if they have to wait for fries alright -- that's how important they are in the moment, but the second they drive away you will have ceased to exist, and that's what they think of mothers, and all of the women holding society together.

[–]MaleddieFDS Newbie 65 points66 points67 points 4 years ago (4 children) | Copy Link

Do women not get any social security credits when raising kids? That's so fucked up. In the UK you earn national insurance credits (our equivalent for getting state pension) when you're a full-time caregiver. Mind, there are still other reasons to keep earning, e.g. so you keep your skills/CV relevant to the job market. If you take 15 years out to raise kids you will severely damage your earning potential.

[–]r-t-r-a 52 points53 points54 points 4 years ago (2 children) | Copy Link

The USA is hypercapitalist. If you're not generating income or a service for a registered entity you are considered useless by the system.

[–]EquipoisonousFDS Newbie 13 points14 points15 points 4 years ago (1 child) | Copy Link

It's really stupid that producing more future workers to contribute to capitalism isn't rewarded by capitalism though.

[–]FI-REfoxFDS Newbie 18 points19 points20 points 4 years ago (0 children) | Copy Link

The Social Security administration created this pamphlet with info pertinent to women in particular: https://www.ssa.gov/pubs/EN-05-10127.pdf

The simplified summary is that in both the US (Social Security) and Canada (Canada Pension Plan), each year of your adult working life (starting from 18), you pay into the SS/CPP funds through your paid/self employment, which earns you "credits" towards retirement benefits (monthly payments), up to a maximum. If you worked little or not at all, you will not have earn many, or any, credits and cannot expect to receive much or any income from this program at "retirement" (60+, depending). You may still qualify for some amount of benefit if you were legally married at one point and your partner had earned credits, but clearly the best way to be sure to secure this retirement income is to earn it yourself.

Any government retirement income should only be only one piece of your retirement income plan, regardless of where you live. I highly recommend women buy or borrow books about retirement, saving and investing from the library like:

Your Money or Your Life

Quit Like a Millionaire

The Simple Path to Wealth (which is also available online for free as the "Stock Series" at https://jlcollinsnh.com/)

[–]melodyknows 19 points20 points21 points 4 years ago (0 children) | Copy Link

Agree with everything here. Also, I have seen too many women left with nothing to be so naive to think that could never happen to me too. Will be working after kids to be able to make those retirement contributions (maxing them out this year!).

[–]Platipus6FDS Disciple 7 points8 points9 points 4 years ago (0 children) | Copy Link

Check out Catherine Fitts Austin. The pensions are gone. Plundered by greedy old men who printed more money to cover it up. Then with all this new money, they say "ooh, money, is for me?" and start a war to pay themselves and their buddies most of that money. They've done this over and over for decades. Centuries.

The current boomers have no pensions, benefits or even medicare. Hence the state we're in..

[–]Hopeful_Reporter6731 125 points126 points127 points 4 years ago* (8 children) | Copy Link

I’ve been thinking about this a lot. I don’t think a lot of women have truly experienced financial independence. Not because they are relying on men to take care of them, but because a lot of women are either in long term relationships from late teens/early 20’s, or jump from relationship to relationship so a man is essentially always there to help out whether it’s with rent, lunch, dinner, gas, clothes, vacations etc. Its freeing AF to be able to 100% take care of yourself, and afford everything you want (whether saving or just disposable income.) There is nothing like that feeling. It’s such a blessing. It also can raise your standards for men. If you, as a woman, can do almost anything for yourself, a man has no excuse! Also, when you do nice things for yourself, a man has to match that energy. I will say though, when a woman has her own money, it really makes your standards higher because you aren’t impressed by money; all you can really focus on is character/personality, and a lot of men lack there. This is probably why a lot of women with money aren’t married or even dating. Men with money can be LV, but those broke low value men are a different beast.

Edit: Some married women have told me they have a secret savings their husband know nothing about. Another married woman told me her husband thinks she makes less than what she’s actually making. Some women will read this and say “well they don’t trust their partner.” Relationships and marriage are risky! People change for the worse all the time, especially when relationships end. Always always keep money saved without your man knowing.

[–]BezzazzFDS Newbie 37 points38 points39 points 4 years ago (1 child) | Copy Link

Always always keep money saved without your man knowing.

This. This is actually something that I grew up thinking was completely normal and reasonable. Keeping secret money stashed away is a strategy that female victims of abusive relationships passed down to their daughters, for a very good reason.

Now that women have more economic mobility and opportunities than they did in the past, it just makes sense to keep some of your finances separate no matter how much you love and trust your spouse. Frankly, I don't see why everyone wouldn't do that. What if you can't access your joint bank account for some reason and there's an emergency? What if your SO gets their card stolen and you need money to float you both by until they can get their funds returned? Even if your spouse "could never" become abusive, it just seems like a smart idea to always have extra money saved that you don't share.

[–]Unlikely-MarzipanRuthless Strategist 28 points29 points30 points 4 years ago (1 child) | Copy Link

Love this comment. Well said.

Edit: Great clip too. So true, and I hope more women are realising this. Unfortunately, I know too many women who think they are financially independent and will say they are, but really they fall over any man with money.

[–]JordangelFDS Newbie 20 points21 points22 points 4 years ago (2 children) | Copy Link

My husband and I trust each other completely. I have complete access to all his accounts and his location and we share finances. However, he insisted I have a separate account with money just for me. He also insisted I be the only name on the title of my car even though he paid for 75% of it. His mother was stuck in a lot of abusive relationships because she couldn't leave. He doesn't want me to ever feel like I can't leave him.

He's the sweetest man. I wish I could clone him.

[–]eatjablesFDS Newbie 53 points54 points55 points 4 years ago (0 children) | Copy Link

My grandmother was an extremely smart person, graduated with a 4.0 at her uni as one of only two women in the Business major. I don’t think she was ever happier than when she was finally able to make her own money as an accountant for a small travel agency in her 50s, after raising three children, having her own coin was like her reaching her full potential.

[–]No-Village-3946FDS Newbie 86 points87 points88 points 4 years ago (2 children) | Copy Link

The good times won't last forever. You will fight and he will throw it in your face that you live and die at his mercy. He will up the ante on his bullshit because he knows you're not going anywhere. He will think less of you because you have nothing going for you in life. He will come to view you as a burden when your novelty to him wears off.

[–]fds_throwaway_4_uFDS Newbie 17 points18 points19 points 4 years ago (0 children) | Copy Link

I’ve seen this happen to so many women…

[–]IndividualRoutine661FDS Newbie 38 points39 points40 points 4 years ago (0 children) | Copy Link

So succinct and so very right.

[–]Melodic_Narwhal_8968 17 points18 points19 points 4 years ago (0 children) | Copy Link

She is one of my idols!!

[–]myheartisfullofloveFDS Newbie 19 points20 points21 points 4 years ago (0 children) | Copy Link

I sometimes cry in private because of the way my father speaks to my mother, who has been a homemaker since she gave birth to her second child, which she now has four children in total. She told me last week that if she could go back in time, she would tell her younger self to finish college, so that she could become someone. And my dad cruelly laughed at her and said, "Yeah. You could have been someone by now."

Never mind that it was because of all her sacrifices that he could have an amazing, high paying career that he can do remotely and have all the money and nice things in the world. Sure he gives her a big house and fancy clothes and what not, but she is always disrespected in return day in and day out. To me, that's hell on Earth. I was also a housewife for a few years and know how people treat you when you have but pennies to your name. I was so afraid leaving my ex-husband because he was the one that controlled all the finances and the streets may be my new home.

Please please please never give up your financial independence for a man. The nuclear family is a sham. Men leave their wives for all sorts of reasons, it's ridiculous. You only have yourself in the end, so please be selfish. It will save your ass in the future.

[–]JoanGreenCat 49 points50 points51 points 4 years ago (1 child) | Copy Link

It should be a no brained. I'm really shocked how young women are ok with just being a stay at home partner even without kids. You just set yourself to be a literally slave.

[–]heartfeltrespect 40 points41 points42 points 4 years ago (0 children) | Copy Link

Become financially secure before having children. Then you don’t have to give up anything.

[–]KetoKittenAroundFDS Newbie 2 points3 points4 points 4 years ago (0 children) | Copy Link

The thing is a woman’s secret fund (or what have you) when not spent or needed will go back into the joint funds.

Women don’t squirrel away money to fetter away on personal hobbies. It is for safety.

Men stay skimming and thieving for whatever BS flight of fancy gets their boxers stiff. Whatever benefits just them.

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