Strong & Independent Women Are Going Broke LOL

7 months ago
3.1K
mgtow

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Hi Everyone Sandman Here,

This video is brought to you by a donation from Terry. He didn't give me a topic so I wanted to share an experience I had a while back helping a couple of women dealing with their financial issues. Unless you've been living under a log or in your parents basement then you've noticed the crazy inflation rate the last couple of years. They inherited millions of dollars from their dad before he passed away and he never taught them about money because he said their husbands would take care of them. But they decided to go down the old strong and independent route and not get married and now the inflation is nipping at their cankles and they are worried about what to do. Being that once upon a time I was a financial advisor and that I've solved the inflation question quagmire for myself I figured I might as well play the part of the white knight and help them. They showed me what they were invested in and it was mostly bonds, cash and blue chip dividend stocks. The lowest risk assets but with low risk come low rewards. On top of that these days you have to earn ten percent before tax per year on your money to realistically keep up with inflation and live in the west. These women were petrified of investing in high risk things like Bitcoin and tech stocks. Then it donned on me. So many widows and strong independent whamen out there are going to get eaten alive by inflation. Like a great big snake eating it's own tail. Or the old Polish scarf trick. Which asks the question how do you make a scarf one foot longer. The answer of course is you cut a foot off one end and sew it on the other end. Not to pick on Polish people but these days Poland has one of the most successful economies in Europe. The scarf or snake is the government printing money and devaluing the diniros of independent debutants to pay for the services they enjoy. That's when I realised all the government goodies that women get will come out of their savings and pensions. If you're like me you have two jobs now. One job or jobs is to generate earned income and the second job is to manage your money and prevent it from being stolen through money printing. Most women I know, like the ones I mentioned just go to a bank or hire a financial advisor that works on commission or trailer fees. The advisor puts them in something safe because remember the financial company collects one or two percent a year in management fees so if they take a risky strategy and an asset falls by fifty percent they only get half of the asset management fee they would have got if they just put it into something safe. They are incentivized to play it safe with your money.

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