4 ms·
Being married isn't all that passive, but it is a great income strategy. Having kids is a terrible one.
by excalibur 9y ago
Being married isn't all that passive, but it is a great income strategy.
Having kids is a terrible one.
- cimmanom 9y agoHow is marriage an income strategy?
- antoineMoPa 9y agoI guess one method is to marry a rich man/woman.
- actsasbuffoon 9y agoI wasn't exactly blessed with good looks. That would not be a passive strategy for me, considering how much time I'd have to spend at the gym. Can I hire a younger, better looking guy to go marry a rich lady and send me back dividends?
- leoalves 9y agoMy guess, he is talking about having 2 incomes instead of only 1.
- astura 9y agoGetting married is, without a doubt, by far the best financial decision I've ever made. I doubled my income and only very marginally increased my living expenses. I'm saving more money now that I ever thought would be possible, and that savings generates income in itself as capital gains and dividends which is reinvested and compounded. It's friggin amazing! After several years of marriage our passive income (dividends and capital gains) has become significant. That being said, I wouldn't advise doing it solely for financial reasons. :)
- nabeards 9y agoYou would?
- astura 9y agoWoah, Whoops! Typo - wouldn't. Fixed, thanks.
- actsasbuffoon 9y agoThe tax benefits are also quite nice. The tax bracket thresholds basically double.
- mlrtime 9y agohttps://en.wikipedia.org/wiki/Marriage_penalty https://en.wikipedia.org/wiki/Marriage_penalty
- SirLJ 9y agoGreat if your better half is a millionaire...
- shanecleveland 9y agoI would assume that a failed marriage is one of life's most financially and emotionally destructive events. So unless you are willing to put in the work that a healthy relationship requires, then it is certainly not passive. If you include kids in the mix, then, yes, much more expensive and the toll of a failed marriage much more significant.