May 19, 2012

3 financial tips I gleaned from Britney Spears

1) Invest in a pre-nuptial agreement –
If you’ve manage to build up a considerate amount of wealth or perhaps, you’re entering into a second marriage with children and a significant amount of assets, you should consider a pre-nup. The hard truth is that roughly 40% of marriages end in divorce and the younger your age when you’re married the higher the divorce rate. If you’ve invested the time in building your net worth, take the time to protect it. The last thing you want to do during the dissolution of your marriage is to squabble about ice trays or the summer home you brought into the marriage.

2) Career first, then babies –
Ok, yes, I am from the camp of the SAHM. J & I firmly believe that if you have a kid then you shouldn’t give it to someone else to take care of. Brit shook her booty enough to rack up the millions and I’m certain that if she was financially disciplined she could take the next couple years off and raise her children. Will she do this? Maybe, maybe not, but it looks like she already has a manny (Man-nanny).
There is nothing tougher than getting ahead financially when you have children when you’re broke. I spoken to so many women who wish they could stay home with their children and due to poor financial planning, they don’t have the opportunity. It’s not going to easy living on J’s salary in four years time when he’s a teacher but there are some things more important than cable or a three new pair of Josef Seibel shoes. Violent acres wrote an interesting post that addresses this – “Four Rookie Mistakes People make to keep them Poor.”

3) Budget Budget Budget –

I can only hope that Brit’s recent crotch flashing was the result of K-Fed blowing all her dough on Crystal, cars and Cheeto’s (or perhaps she’s going to be debuting her own line of crotch less panties). Irresponsible spending typically ends in a trade off somewhere – for me it would be splurging on the Via Spiga hobo bag and then having to give up chocolate marshmallow candy for five months.
Creating a budget in a marriage is tough if partners have opposing ideas of how to spend the money. The perceived dichotomy of Brit and K-Fed’s “I make the money – You spend it like running water” budget would create anger and resentment in any relationship. Create a plan and keep an open line communication between the two of you to try to keep on track.

Comments

  1. Tmyrick says:

    If you enjoy clean humor, try http://www.womensfunnyvideos.com It has a lot of funny stuff (pictures, videos, jokes). Every thing is rated (G) or (PG)

  2. Mona says:

    Great blog Kelly. I am adding you to my blog roll. Keep up the good work.

  3. Catherine says:

    I also learned from Brit. If there will be cameras and you're of public interest don't wear a short dress without underwear.

  4. Nearly 70% of all marriages that end are due to financial stress. Add to that crushing statistic that divorce has not only become acceptable, but nearly inevitable! Why? Because we as a society don't take the time to do the work up front to ensure lifelong happiness. In fact, many smart, single girls revert back to schoolgirl fantasies once the ring goes on their finger. Faster than their guy can get up off of bended knee, these girls are pulling out the bridal magazines and obsessing over napkins and cake flavors. Combining two well-lived lives requires as much attention, more in fact, as planning a fairytale wedding. So Every Single Girl's Guide To Her Future Husband's Last Divorce is my contribution to all future second wives out there so they can learn the ropes without getting in the ring. We owe it to ourselves and our families to protect our ASSets!

    But the biggest battle facing Brit is child support. Even if she has "custody" and he has visitation, she will have to pay him child support. No way to negotiate out of that! State of California says she's gotta pay!

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