From: Sandra Loosemore
Newsgroups: misc.invest.financial-plan
Subject: Re: Choices to be made in Financial Planning
Date: Mon, 9 Apr 2007 08:22:49 -0500
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"Don" writes:
> One of the greatest financial dangers any young person faces is the
> possibility of divorce, since about 50% of marriages end that way, and the
> aftermath almost always means going back to square one financially. So one
> area with a big payoff would be "getting it right the first time" in matters
> of courtship and matrimony. I have not seen this discussed much in personal
> finance books. But it is a huge cloud hovering over every good financial
> strategy.
My observation is that marriages sometimes fail no matter what the
intentions of the participants at the outset. How many people get
married already convinced that they're making a big mistake? :-P
Instead, they all believe that they already *are* going to "get it
right the first time" -- even if, in fact, they wind up becoming a
divorce statistic a few years down the road.
Perhaps more practical financial advice for young folks contemplating
marriage is that it's far better to sock money away for a future home
purchase or retirement, than to go into debt so you can spend $50K or
more on a wedding that approaches the scale of Princess Diana's.
-Sandra the cynic
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