I broke up with him. If he couldn't trust me that much I didn't want to marry. It's hard though. Hubby now but he is a part of the top 1% in the USA. And it's generational wealth, so deep rooted. We got a financial plan. Married, or divorce, or death I get the same deal. He provides everything. House, utilities, transportation, medical etc. my allowance covers vacation, spa, clothes etc. but it's a small percentage of his income. And within reason.
I had a male friend getting married and his fiancée who was rich had to have a prenup to get married. When they went to do the paper work and she found out he had over 15 times her net worth she refused to sign. He definitely dodged a bullet.
I agree he dodged a bullet. I don't think it shows great communication skills in your friend that he chose to spring that fact on her when the paper work was signed and hadn't discussed it previously.
The actual red flag is only understanding those things as buzzwords and not understanding your marriage contract or your prenup, both of you, fully. Don't be naive people can take advantage of eachother with either one, they are both just contracts.
😊 I'll have to say I'd be totally okay and good with a prenup either way the reason being I'm going to have my husband get a prenup fry say I do not have a husband I never had one is that if I if he commits adultery I get everything and if I commit adultery he gets everything
I agree with Jade a bit here. I would want her to sign a pre-nup where she does not get his original wealth but the stuff they build together should be theirs. For example, she might quit her job and career in order to focus on his and they build the company from 7 to 25 million. Then after ten years he divorces her and she gets nothing even after she gave up her career and helped with his business. That is definitely not right. I would not sign a pre-nup like that and I am a guy.
@fauxbro1983 you read that as a glorified secretary lol... you need to aim higher when you accept women into your life. A good woman can increase your efficiency by quite a lot the key is to find a competent woman.
Imagine if Dave Ramsey had a million dollar business when he met his wife and he got her to sign a pre-nup like he just described at the very beginning. Sharon becomes a stay at home mom, supports him, and provides feedback to help build his business into the success it is today. Now after all these years he decides to divorce her and she gets thrown on the street with nothing to live off of because the pre-nup says he owns everything. That is what he is suggesting and it is not right.
Depends on if she actually helps grow the business, making his lunch and rubbing his feet when he gets home shouldn't be worth a multimillion dollar meal ticket.
@@delaslight there’s a level of trust but smart to leave a margin of doubt. The “what if” variable. You would be a fool and lying to yourself if you didn’t
@@delaslightThat's what everybody says and then it's too late. Look at Paul Macartney. People kept telling him to do a prenup. He didn't. He got scre**d. You can trust a person all day, but business is business. And it's usually the people who do NOT have the money against the prenups. Really, they do make life easier if things do not work out.
I have seen so many men build a business get married and then his wife decides nah I want to be with chad and they have to get divorced and he loses half or more of what he built up. This is asinine to even think about marriage without a prenup.
When she tried to gas light him by saying "you just care about your money more than me".. I would look her straight in the eye and say.. "It sounds like you want to marry my money not me".. That's why honestly it would be hard for me to marry someone if I had a bunch of money first because there are too many gold diggers out there.
Simple test: run home and tell her you’ve realized your calling in life as a zookeeper and you’ve sold the business and given everything to charity and gauge her reaction.
I’d be pissed but not because he got rid of the money but because he did it behind my back without telling me about, he had an existential crisis and didnt let me in? That would be like I come home with new butt and boobs and an adopted child out of the blue and im like “hi honey!”, id anticipate a big reaction too, not necessarily cuz either of those things are bad, but because we didnt speak about it
Why is it that Dave says "your debt becomes OUR debt," but wealth isn't. 😂😂😂 I don't often disagree with Dave, but something is screwed up about this discussion.
That's what i never could understand about men discarding the wives who were with them when they had nothing. I've seen so many cases when a man becomes successful later in life and trades her in for a younger model who no doubt only wants him for one reason.
The writing is on the wall. She is considerably younger than he is, he has a lot of money and she knows this. She gives him a hard time about a prenup and gaslight him saying he loves his money more than her. This woman is a whole red flag.
A prenup has no relevance during a marriage. It only matters during a divorce. So unless she plans on divorcing him, the penup should not bother her at all.
@@AlexPerazaTV unless he plans on divorcing her then it shouldnt matter to him.. he is worried that when he is cheating with the 19 year old at work and she is done with him, she takes him to the cleaners.
🤨 The fact she was willing to throw the "you love your money more than me" at you and wasn't just like "I completely understand." is a huge 🚩 to me. This is why you're calling and you know this is a serious consideration for deal breaker. Trust your gut and get the prenup or end it.
The easiest way to lose a hard-earned fortune is to get divorced. When a marriage ends, it turns into a financial negotiation. The spouse that never had anything to begin with , figures they can get a divorce & take half of what you worked your entire life for.
Signing a prenup is a true test for love and loyalty for both parties. You do not want to sign a prenup, making any form of excuse is a big giant red billboard of don't marry this person.
Huge red flag, “you love your money more than me” Uhh yea… being with 10mil is hard. A girl being pretty and saying yes to a wedding is not hard at all.
@@ugabuga1361 so should he never be with a woman again? Or should he remain rich and just use women when ever he wants and toss them to the side because he’s rich lol he’ll end up getting a random woman pregnant and paying her half anyway 😂
Of course the woman in the room would say, well what if the business grows because of her and she gets nothing. She’s not bringing 10 million dollars to the table to begin with so that cancels out what if . It’s alot easier to make money when you have money. It sounds like she already has a problem with the prenup so I’d say he better think real hard before he marries her because there is going to be issues
Yup. I avoided marriage and single mothers since high school and only knew mostly women with their own wealth through the years. My girlfriend has her wealth,home,investments,savings, etc. in Italy and I have mine. Met her on a Dubai/Paris flight in 2001 and together ever since. No kids. Money is never an argument or issue. My sisters laugh because some of their female friends don’t like our relationship at all and say we are cheating the system.
never sign a contract that incentivises one party to break it. PERIOD. This is the world we live in today and unless divorce laws change, this will apply.
Facts! There is zero upside for a man to get married. He has little to gain, but a house and several hundreds to thousands of dollars a month to lose whenever the woman gets bored and decides she wants Chad.
You hit the nail right on the head with this one. Whether they’re traditional women, modern women, it doesn’t matter they have nothing to lose and all to gain.
@@DevHazy how can this need explanation? Okay, lets assume you are serious and you honestly do not understand. The caller is calling from a communal property state, Texas, one of ten communal property states in the USA. A marriage is a legal contract. You may say its about “LOVE” but you would be wrong. In the USA, the government has placed legal consequences into the legal contract called marriage. The federal government has left it up to the states to define the terms of the contract. Some states are communal law, some common law, and I’d need to check but I believe some US territories have different definitions. These words have significant legal differences. Communal property state = the moment you marry, all assets and liabilities are 100% owned by the union, not 50/50, but 100. There is no his vs hers, its all theirs, unless a pre-existing contract dictates otherwise. Even if a pre-existing contract exists, better make sure it was written by a good lawyer, because many courts have tossed out prenup agreements due to legal process error. For example, in some states, each party must have an independent lawyer or the prenup can be declared void. Broken down, if a $1 Million dollar loan was owned by one person pre-wedding, now $1 Million is owed in total by the union. If a divorce occurs, each does not owe $500,000, it means the broken union still owes $1 Million and any assets, his or hers, are fair game to collect the $1 Million. Got it so far? Because it gets even more complex. Think this through, you can marry someone with $1 million in debt, divorce, have nothing. They can go after your future income for the rest of your life until the full $1 million plus interest is paid, even when it was a preexisting loan not borrowed to you. Its not 50/50, the debt is community, so its 100% owed by the union, or former union if divorced. Lets go the other way. One person comes into the union with $0 debt and a $10,000,000 net worth, about the situation of this caller. The other comes in with only debt, lets say a net worth of negative or -$100,000. The two get married in Texas with no prenup. The next day, the one who joined the communal marriage with the -$100,000 debt can divorce then walk away with a $4,950,000 net worth. So, this previously in debt person has a $5 million incentive to get married then break the contract via divorce. It gets far more complex, but do you now understand how one person of the union has an incentive to break the contract? How does it get even more complex? Just one example, in some states you can never go through a ceremony, never say “I do” never sign a marriage certificate and still become legally married. This comes into play many times, including when couples split, or one person has debt and the debtor is trying to collect from the other person of the couple. Imagine being told you are married and owe the other persons debt when you never knew you were married. Its getting even crazier because long term couples sharing an apartment, where one has debt, can the debtor go after the roommate claiming they are legally a union? Well, thats about to be tested in California. I swear, the real world can be crazier then fiction. It gets even crazier when one person passes without a prenup or will or marriage certificate. Its a messed up world.
@@DougAlesUSAYou sir just open my eyes eventhough I'm not from the US, but I believe it's more or less the same... So it sounds like marriage brings more downside if the other half has debts or both has a significant difference in net worth..
My net worth was 10 times my partners when we met. In Australia you only need to live together for 9 months and you are considered “married” in the eyes of the law. I explained to my partner that I was living with a chronic illness and did not know how long I could keep working for so I would never jeopardise my future financial security for anyone because of this. He signed a pre-nup. (We call them a financial binding agreement here). I did have to retire 8 years into our relationship and both of us support each other financially, emotionally, spiritually. Protecting yourself financially is hugely important.
when a woman says "you love your money more than you love me" that is a manipulative statement if their ever was one with intent to shame you into allowing your emotions to control your decisions, rather than logic, in an attempt to get you to make an agreement with her that is very non-beneficial to you and very beneficial to her all at your expense. As my son gets older, he will be wealthy, and im going to teach him to keep his wits about him and to understand the manipulations of women when it comes to marriage contracts and to remain strong and stoic with decisions to safeguard pre-marital wealth. Which basically means he needs to be prepared to dump her if she tries to shame him into cancelling a pre-nup. More than likely what she will do is she will be even more attracted to him because he proved himself to be a strong decision maker which women do find that more attractive.
@@oceanside88 Well you chosen him. Unless he has a gun to your head blame the person in the mirror. Take accountability. 97% of all spousal support ever paid has been paid from men to women. Numbers stall the story.
@@oceanside88 Don't bother going back and forward with a stranger like this because in his eyes men will always be right and women are only for sex and babies and not to be loved nor liked.
@@oceanside88 The data doesn't lie. Mostly it's men who have to pay women when divorce happens. It's rarely women who have to pay men. If you (as a woman) are paying for everything in your relationship, then that means you chose a BUM. You made the choice to be with a man who is happy with you paying for everything. That's your own fault. Blame yourself and no one else for the decisions you make in life.
if you're a business owner definitely get a pre-up. provided you have employees, you can be putting them at risk if your future wife decides you need to liquidate your business for her to cash out. a divorce caused the owner of the LA dodgers mlb team to sell. and just because you get a prenup doesn't mean she'll be penniless in a divorce. it's just a pre-arrangement.
I was just about to make the same comment. Business owners have to consider their business, employees, and customers. What happens if you get divorced or are in a coma for three months? A Pre-nup can protect what you've built and someone your going to marry should understand that.
Big red flag for me: She said he likes the money more than her. This could be an exaggeration on what she said, he could have made her feel that way by what he said, or she could be a gold digging drama queen. Either way I think this seriously needs addressed before anyone signs anything.
Her disliking the idea of a prenup is a red flag. She's either naive and doesn't comprehend the reality of divorce settlements or is malicious and wants his money.
Me and my wife started from the bottom and couldn't pay bills from time to time. Together 8, married 4. When we met i was at 27k (net) a year avg. to owning my own business now and making $100k my first year. She's my partner in crime and i couldn't have built it without her being my rock. Thats the difference. Get a prenup
I personally would not get married with that level of assets. I would definitly turn it into an LLC and have it pay a regular income. Becsuse if anything goes wrong, even with a pre-nup, he will facing all kinds of loses. Attorneys are smart, they love billable hours, and here lately family law judges have been finding reasons to dismiss the pre-nup during the divorce preceedings.
Didn’t expect dave to say that. Glad he is changing his views on the world today and the modern woman. Yes remove all hope that she can just marry you leave for any reason and take half of your wealth. That gives her MUCH more incentive to cooperate and work through hard times. I’ll never get legally married again after going through the divorce meat grinder.
I'm not a lawyer, but my understanding is that pre-nups cannot be too one-sided and that judges have discretion in how much of the agreement to hold up. Best thing this guy can do (from what I've read) for the caller and his fiance to each have a lawyer, so the fiancee can have her interests protected.
There have been plenty of cases where the situation has flipped too. He loses his business and goes broke while wife then inherits millions from her family and now the situation is reversed. Pre-nups are supposed to protect both sides.
A prenup is not about the wealthy loving their money more than their fiancee. It's about the less wealthy fiancee loving the wealthy partner's money more. The "love con" is one of the oldest ways to acquire another person's "pot of gold" -- and it's old because it works.
A prenup has no relevance during a marriage. It only matters during a divorce. So unless she plans on divorcing him, the penup should not bother her at all.
If they break up my view- he leaves with what he brought into the marriage, she the same - you bring it, you leave with it. But, what they make together in the marriage they split. And that is that.
Yeah but imagine she owns a house, I own a business. We marry. My business income pays for maintenance of the house for 10 years; new roof, new floor, kitchen remodel, whatever. So then do I get equity in the house out of the divorce? But she can't pay me equity of the house without an income, she would have to sell it. So now I get a business but she doesn't get a house.
I'm actually shocked by Dave here. People are focusing on whether or not she helps with the direct growth of the business. I think that's irrelevant. I am a stay at home mum by agreement with my husband. That means I have given up on my earning potential to take care of our family. We are a team. When I say I dont make any money, he says, "You make what I make, imagine me managing life without you. You make it possible for me to do my job!" I don't do his job. I'm not a decision maker in that field. But I have spent the last 10 years out of the professional world because of a choice we made together. If our marriage ended suddenly, I would be 10 years short of work/skills/professional experience. It could be very difficult for me and as we made this decision together, it is certainly his responsibility as well as mine. Now, to me, none of this matters because we have ordinary finances but I wouldn't marry someone who wasnt prepared to recognise my value from the marriage onwards. I dont see how that would make me a gold digger. I wouldnt feel comfortable being married to a millionaire who didn't feel any need, or even desire, to share his wealth with me (at least from the point of marriage onwards).
A couple of things: * she doesn’t have to be at home after they get married. She can continue working. * their impact in their business by being a home wife is probably negligible, he can do as well hiring someone to do all the chores 24/7 and have less risks. * If she is contributing with the business, then he can HIRE HER and COMPENSATE HER properly. * She can benefit in their career by leveraging in the guy’s is contacts.
@@HackerNomada You're missing the point. It's so hard for men to get this. Women are doing LABOR that is uncompensated in this scenario. "She's eating off the table"?! So basically you're treating your wife like a live in maid. Not only are they doing extraordinary amounts of unpaid labor, even if it is a choice, they should be compensated financially. Imagine how many women pour hours of labor and energy into their husband's careers and then get nothing for it when he leaves them for a younger woman. It happens all the time. Women deserve better protection from our society.
@@heninthefoxhouseyou’re assuming that she is doing unpaid labor because is the tradition of our society, but she dont have to, or maybe isn’t doing it. Not all couples put the burden of shores in the wife is shoulders. unpaid women labor is a problem. But she have already a good networth. She is working by herself. We dont know how they split home chores
@heninthefoxhouse having housing, food, clothing, utilities, transportation, and medical care covered in exchange for a choice to exit the workforce in favor of having a family is not free labor. Women who see it this way need to not marry so they can continue to focus on their careers and finances. If she doesn't view her soon to be husband as a financial incentive, signing a prenup is no issue. She will benefit from the rewards of her husband's labor while he loses time at home with his children.
I’ve been single my whole life. I’m now FI and can retire. If I were to marry, I’d have a prenup. I’m in a community property state and it would be my separate property, but I do not want to be at risk of fighting to defend it in court in old age. No way, José.
Always sign a prenup, that's my opinion. It shows that you do love that person. I've always struggled financially no matter how hard I work due to health issues. Prenups protect and benefit both parties if the terms are fair.
I definitely get where Jade is coming from. It gets a bit more complicated if she helps build the business and increases the revenue. But she could be without anything if they happen to end their marriage. So anything the wife does that helps contribute she may never get anything from that. That's really something to think about before getting married.
@@coolkidvt01 If one spouse doesn't work for 10 years why should we call that sacrificing a career for the spouse's career. Why don't we call it the working spouse subsidized the unemployment of the other spouse? You got 10 years without having to work, is there no value in that at all?
One thing I know female suitors don't like are ultimatums and prenups. I agree the dude should get some kind of structured prenups being worth that much.
Get a prenup that says whatever you established before getting married is yours and whatever she had is hers. But going forward, whatever you both make is conjugal properties.
I think I like the lady's approach. Whatever you made before marriage stays yours. But anything either of you earns while you're married belongs to both of you together. If you still think that person is only with you for money then you shouldn't marry me in the first place. IMO, neither the wife nor husband gets to say my money is my money if they earned it during marriage
If i could give this woman any advice it's to make sure this pre-nup works both ways. NEVER agree to be a SAHM and do not give up your career. Keep working, contribute a predetermined proportional amount to the family budget (so he can't claim she is freeloading) and bank the rest. If she helps run the company, insist on being on the payroll same as any other employee. This is particularly important if you are going to have kids. That way later when he decides he wants his 22 year old secretary instead of his fortysomething wife, he can't dump her on the streets with not a penny to her name.
You’re a selfish woman. If she didn’t have a penny to begin with, she isnt magically entitled to his money. You chose to be a sahm, so live with your choices.
This is one reason to marry young and you build everything together. Too many people wait 10-20 years to get married and start a family and now you have all kinds of issues to deal with.
To be fair I haven’t exactly gotten much choice in waiting or not, the women in my area are too much of a minefield and I don’t travel much so I don’t really meet outside of this area
Marrying young does have a lot of problem. Static have shown divorce happens more with couples who marry young. Plus financial problem is 3rd reasons why ppl get divorced
@@sailorsister211 Statistics are for average people. Your risk of anything is not dictated by the national average, it's based on your own decisions. So if you act like the average 18-year-old who gets married then expect the same risk of divorce.
@@sailorsister211 58 year old here, with my husband since age 17, dated for 6 years, six years married before kids and now 34 years married tomorrow. Both have careers and raised children together as equals. Living proof statistics only matter in the abstract and that they are not always correct.
I don't know why he needs to include her in his business at all. As someone who has done that, it needlessly complicates your relationship and life. While you're at it, why marry?
I disagree. While there are always differences in generations, humans tend to behave the same regardless of generation, era, and geography. Statistically speaking, you will mostly find women of your same caliber and quality as a human being.
@@Chris-os5zd that’s the neat part, I never have. I met my wife in a chemistry class. I know not everyone takes chemistry but it may be beneficial to go fishing where the good fish are, not necessarily in the bottom of the societal barrel (e.g. dating apps)
Do not do it and if you do... you need a prenuptial. No way! Do not lot let someone try and convince you. He built the business she did not! This should not even be a question. All of a sudden she is going to be growing his business and thus deserves half? GTFOH HE SHOULD NOT GET MARRIED....WE LIVE IN A SOCIETY WHERE MOST WOMEN ARE INCENTIVIZED TO DIVORSE. 50% or more of all marriages end in divorce. 70% of marriages are initiated by women. If the women has even higher education she will initiate divorce 90% of the time. Prenup only or do not get married.
A couple female coworkers asked me about marrying again. I said the only way I would marry today is with prenup. One said marriage is not a business. I said, yes but sadly divorce is a business.
His fiancee said "you love your money more than me" when he brought up the prenup. This is a HUGE red flag, not only of her intentions with the money, but her maturity, communication skills and mental health. What a horrible thing to say to the man you supposedly love. Why would she ever marry a man she truly thought this about? My point is she doesn't actually believe this; it was a statement meant to manipulate him, and I bet this is not the first time she's said something like this to control his behavior. Not only would I definitely get a prenup if the marriage went ahead, I would postpone the wedding indefinitely. Time will reveal who she really is.
The problem with Dave is that he is a hypocrite. On-line Ramsey Solutions Dave says “When you get married, you’ve got to combine your money into joint accounts. You’re becoming one, so your finances should too. If you keep this one area separated, it can lead to separation in other areas. Don’t. Go. There. Work together from a shared account to create accountability, honesty and a sense that you’re in this together! Privately, terribly rich Dave says there is no way he will share his wealth in the event of a second marriage. They will be roommates.
Even if she contributed to the growth of the business, there wouldn't be a business if he hadn't started it and turned it into a 7 million dollar enterprise. The benefit of her contribution is that she gets to enjoy the lifestyle of couples who own a business with a growth of 7 million dollars or more. The same would apply if she were the business owner.
NOPPPEEEEEEEE. Wrong. Companies do mergers and acquired all the time. And not every merger or acquisitions successful. Therefore, if this couple MERGES and the business grows in value or goes through IPO and goes public, and SHE IS ADVISING HIM. SHE DESERVES HER FAIR SHAREE. PERIOD. Fk a lifestyle. Is that gonna pay for her retirement?????
A company being acquired doesn't automatically merit receiving half of the parent company's total value; they are typically bought out based on agreed-upon terms. In this particular case, the compensation received represents 100% of her lifestyle, right from day one, without any prior contributions. Her situation is more analogous to that of an exceptional employee who joined the company, played a pivotal role in its growth, and then departed, asserting a claim to half of the company's value simply due to their past contributions.@@melissacharles8410
Red flags everywhere. Time to run. The fact that she wasn’t thrilled and used the line “you love money more than me.” Is a sign to run for the hills. They can get married, and have separate financing. Separate savings, checking, etc. it is a HORRIBLE idea to pay her in this marriage, absolutely do not do that. The caller isn’t going to exclude his fiancée, she’ll be living the dream. It’s just a layer to protect him in the case both separate.
If she’s married and participates in the business then she’s a married partner without benefits…HOW WRONG IS THAT!…Only he has the income…totally not ok!😱 Prenup the 7 million is fair! 🚨If you’re the fiancé reading this PLEASE DONT AGREE TO THAT! Go to a premarital councilor before you marry! And if the caller is reading this Please reconsider carefully, unless she’s so much younger and considered too attractive for you then reconsider marriage And how demeaning for Ramsey to call his wife a hillbilly mind!
I think both of them should see a counselor before they decide to get married. Both started out by focusing on their net worth more than their love. This could lead to ongoing conflict in their future. He should offer her some security in case his heart changes.
I do agree with prenups, but children need to be considered and security for her if it ends in 20 years. Investments into a business for her to maintain an income or an amount of money written in if she gives up her career to raise children. Prenups are meant to protect both people.
I live in Texas. My attn said what is mine before marriage is mine afterwards. Divorcing spouse has Zero rights to assets. Assists accrued during marital union must be split 50 50 with intense record keeping. Dave does NOT know Texas law.
I agree both parties should be okay with prenups. It’s protection for both parties in the mist of conflict. If she has helped him build in anyway her contribution should not be disregarded or ignored and vice versa. The prenup should consider domestic situations that would leave either party w/o financial stability if split occurs etc.
@hello77779 It's all about context with that one. I don't disagree that women want a guy who makes money, but I knew when I was single and used to say that, it was because I had plenty going on and I wasn't going be taking care of a permanently unemployed man like a little baby lol. I was looking for a like minded man with a similar background.
Imagine if Dave Ramsey had a million dollar business when he met his wife and he got her to sign a pre-nup like he just described. Sharon becomes a stay at home mom, supports him, and provides feedback to help build his business into the success it is today (which he admitted to her contribution). Now after all these years he decides to divorce her and she gets thrown on the street with nothing to live off of because the pre-nup says he owns everything and she gets nothing. That is what he is suggesting and it is not right.
@@crystalsnow1138 But would you risk it? I would never marry someone under those circumstances. I am fine with people keeping what they started with but wealth grown while married should be shared.
@@crystalsnow1138 You're looking at Dave when you say that. It's interesting, my issues with the prenup isn't the money thing... its the fact You're putting divorce on the table before even getting married.
@@Chris-os5zd If your mindset says divorce is always on the table then it is. In every relationship I've been in, by the world standars I've been more successful and had more. I never considered a prenup or thought it'd be an option. There was only one guy whose family technically had money, but that means nothing to me. I suppose moat people think of $$ when dating. I would rather have someone with strong moral character, hard working, and loves God. Even what I have is temporary. I prepare for the future, but I can't control it.
He loses half his assets is she leaves. She loses nothing if he leaves. That's why prenups matter. People want to pretend like "he leaves her with nothing". Yeah but she came in with nothing, so shes NOT losing anything. You don't seem to feel bad that she leaves him with nothing and even 50% poorer, do you? Exactly. Fake empathy. She isn't left with nothing, she is left with EVERYTHING she brought and LOSES absolutely nothing.
Even Dave's female host was perplexed by the idea that the caller's wife would never get ownership of the company. That's hilarious. Don't trust nobody man
If I really loved the guy, I would not care for one second if I got any of the money he had made before he married me; I would only care to be with him for the rest of my life. All that talk that he loves his money more than he loves her sounds fishy. By all means, he should not marry her without a prenup agreement.
That’s exactly what community property, the law in his state of Texas, provides, if it’s his efforts that generate income from his business and increase in its value. Each spouse’s efforts belong to the marriage (community).
@@thecurrentmoment Yes. Property owned before the marriage remains that spouse’s separate property. Inheritances one spouse receives during the marriage are also separate property.
Women are so obsessed with taking the man's money. look how the lady that's next to Dave changes the moment he mentions doing prenup on the value and future value of the business.
He could always marry a woman who is also a busy owner. But I'm betting his fiance is gorgeous and feminine. Men are so OBESSED WITH LOOKS AND FREE ASS!!!
I did very well in the real estate crash and I just got a marriage proposal Saturday night. But of course when it's a man gold digging it's true love. He couldn't possibly want me for my rental real estate and debt free lifestyle.
It sounds like all he wants to do with the prenup is to protect the business. If he does that, anything that he takes out of the business as his salary is still shared. The alternative is an "everything I brought into the marriage stays mine," which is a lot more troublesome and not what Dave is implying.
I like this except I would structure the prenup this way. Ownership of the business upon marriage is 50/50. However, I would put a clause in that so long as the value of the business exceeds 7 million upon termination of the marriage, he automatically buys her out using other assets from the marriage worth that value. So example if the value upon divorce is 8 million, he would buy out her half for 1 million dollars worth of assets. That keeps everything largely equal in terms of where they were when they came into the relationship
My neighbor, in a community property state, had substantial assets before she married a man who did not. She had a prenup. She STILL ended up losing part of it in the divorce.
Pre nups are so easy to break. Once you transmute the funds, use any of it for the common benefit, it’s destroyed. I only drafted them for the less wealthy partner because I knew I could break it. Before the marriage, put some in an irrevocable trust for your kids etc.
The stuff had had before their marriage is considered separate property and not automatically subject to the split in a divorce. You also can throw out the prenup and make whatever deal you want in the event of a breakup. Its just there as a fall back in case no agreement can be reached.
BTW, the value of a business can change overnight. It's valuable to you, but it's not worth 7 mill until you've sold it for that price or higher. Because even the two nicest people can wind up divorcing, or future kids may muddle things up, it can be smart to separate the business from other assets. The business must be able to function as a separate entity no matter what. A prenup and legal (re)structuring of the business could address that. And if there are kids from prior relationships, their interests should be protected legally. But. It's not a good marriage if you as the only wealthy party hold all the cards, and you want her to just take it on faith that you'll never ever use your financial advantage against her. Trust goes two ways. There has to be some kind of power parity in a marriage. Please realize that she's taking a risk by marrying you, too. Especially if you think she should take charge of your home and social life so you can keep building your business, or you expect her to drop out of the workforce to raise kids. I'd hire her an excellent attorney to educate both of you on how to backstop her ability to support herself independently. That's what you want for both of you, right? Maybe you buy a nice house and put it in trust with her as sole beneficiary. Maybe you commit to a large monthly payment into her retirement fund. Whatever. She shouldn't have to take a vow of poverty while devoting to you her best working and childbearing years, just to prove something to you. And if the business stays yours-only so that she must rely on herself to build her own wealth, you'd better be supporting your wife's career path. Plan to hire household help so she can finish her degrees and work long hours. It's not fair to ask her to sacrifice her own financial security for the benefit of your personal business and investments.
If Dave wasn’t here any of the other personalities would have said no to the prenup. They are all out of touch. All married young and built together. Even if he had 500k and she had zero, still get a prenup. What you built on your own is yours.
I agree. Anything before marriage should be yours. Anything built after is a little different. The woman often works a man through school and then gives up her career while he builds wealth and a business, and has her stay home to care for children. That's when she is entitled a portion because she sacrificed her career and financial security to raise your children.
When my folks got married, they were 21 and 22 years old...neither much of anything to their name (Dad was just getting out of the Marine Corps after being a grunt in Vietnam). No need for a prenup because neither had anything to protect. Yes, they're still married 52 years later. I, on the other hand, am 42 years old, never found a woman to marry. However, now, I have assets of my own, and my sibling and I will split what's mom and dad's at some point in the future. I presume that whoever I meet will probably have her own assets (assuming I don't become a 50 year old man dating a 20 year old). A prenup is not a bad idea on my part, to ensure mom and dad's assets remain with my sibling and I, not get split off. The prenup protects multiple ways and for multiple things, as Dave pointed out, and is not just a way to screw someone over. This caller is absolutely correct to protect his business from his personal life....and protect his personal life from his business.
Dave is the one who proclaimed “no prenups!” They’re just toeing the company line. Dave only recently changed his position after somehow realizing not everyone gets married at 22 with zero assets. He’s nuanced in two situations: 1) Significantly different wealth; and 2) Second marriages and there are offspring from the first marriage.
On a very basic level she isnt qualified to own a business of that level. I would make the pre-nup for them to share everything as a typical couple, but he owns 100% of the business.
As normal in usa, the voman I SAHM for the kids and run the familie whe he is running the business. When divorced she will not get anything cause of the prenup that's the business is his. What about her work for the whole family doesn't it count ??
Maaaan.... Don't get married.... Everybody changes over time.... 7, 10 or 15 years later you might not be happy with your spouse. Think about the multiple "best friends" that you have had over the course of your life.
Get married and do whatever you can legally to protect your finances. The people saying don’t get married have been burnt in the past and I get it. But if you want a family, I always encourage marriage. We don’t need more dysfunction in the society with single moms and dads having multiple children out of wedlock.
I don’t want to get married and been with my girlfriend for over 20 years but I will never tell anyone not to get married or encourage it. It’s big business and opportunity. A bad marriage combined with the last recession/housing crash was how I bought a $560k newly remodeled beach condo for $240k cash back then.
This is by far the dumbest advice... It is usually not just her.... Every woman is surrounded by at least one crazy she bat in her circle who will brain wash her... It could be that toxic friend of hers or her mother or someone in her family... There is ALWAYS a crazy she bat around every girl... If she says there is none... then she is the crazy she bat... LOL
Here is some financial advice. If you have a question about the engine in a car ask a mechanic not a race car driver. If you have a question about family law ask a family lawyer, not a talk radio host. A prenup has far broader function than protecting your wealth. You are negotiating the terms of the dissolution of the partnership in the event that happens while you are as in love as you will ever be. If you can’t have a hard discussion rationally like two adults that understand the value of planning for unfavorable conditions, you probably should get married. Over 50% of marriage ends in divorce. It is an unfortunate statistic and sad but that is the world we live in. Not making a plan for that is foolish, just like not making a plan for your money is foolish.
More info needed. How old are they? Any previous marriages/children? Has she been effective in managing her own money? Does she have debt? etc. Interesting question and surprising answers.
Totally agree. Too many people jump on the "red flag" bandwagon without knowing the whole story. A situation you can't know fully at all with this short phone discussion.
@@legony1 These empty wallet nerdy red pillers doesn't understand this. Being married and having children is a blessing. Being alone at 60 with money is nothing special.
Definitely get a prenup. If she doesn't agree, don't marry her. End the relationship.
I broke up with him. If he couldn't trust me that much I didn't want to marry. It's hard though.
Hubby now but he is a part of the top 1% in the USA. And it's generational wealth, so deep rooted.
We got a financial plan. Married, or divorce, or death I get the same deal. He provides everything. House, utilities, transportation, medical etc. my allowance covers vacation, spa, clothes etc. but it's a small percentage of his income. And within reason.
I had a male friend getting married and his fiancée who was rich had to have a prenup to get married. When they went to do the paper work and she found out he had over 15 times her net worth she refused to sign. He definitely dodged a bullet.
Damn, thanks for this story!
Meaning he did NOT marry her, correct?
Lol thats funny. She initiated the prenuptial until she found out he was worth alot more. Haha priceless
@@eaglewings33 yes
I agree he dodged a bullet. I don't think it shows great communication skills in your friend that he chose to spring that fact on her when the paper work was signed and hadn't discussed it previously.
PPL say a man wanting a prenup is a red flag, I say a woman being mad or offended over the idea of a prenup is a BIGGER red flag
I fully agree.
Female here and fully agree
The actual red flag is only understanding those things as buzzwords and not understanding your marriage contract or your prenup, both of you, fully. Don't be naive people can take advantage of eachother with either one, they are both just contracts.
😊 I'll have to say I'd be totally okay and good with a prenup either way the reason being I'm going to have my husband get a prenup fry say I do not have a husband I never had one is that if I if he commits adultery I get everything and if I commit adultery he gets everything
I fully concur. No one is entitled to ANYONE hard earned money...man or woman!
I agree with Jade a bit here. I would want her to sign a pre-nup where she does not get his original wealth but the stuff they build together should be theirs. For example, she might quit her job and career in order to focus on his and they build the company from 7 to 25 million. Then after ten years he divorces her and she gets nothing even after she gave up her career and helped with his business. That is definitely not right. I would not sign a pre-nup like that and I am a guy.
Lol. Quit her job to be his secretary. Come on. She aint instrumental to the buisness
@fauxbro1983 you read that as a glorified secretary lol... you need to aim higher when you accept women into your life. A good woman can increase your efficiency by quite a lot the key is to find a competent woman.
Imagine if Dave Ramsey had a million dollar business when he met his wife and he got her to sign a pre-nup like he just described at the very beginning. Sharon becomes a stay at home mom, supports him, and provides feedback to help build his business into the success it is today. Now after all these years he decides to divorce her and she gets thrown on the street with nothing to live off of because the pre-nup says he owns everything. That is what he is suggesting and it is not right.
Depends on if she actually helps grow the business, making his lunch and rubbing his feet when he gets home shouldn't be worth a multimillion dollar meal ticket.
Overvaluing her worth. Dude is worth 10 million. She ain't helping anything grow. She's truly a liability.
Don’t marry, don’t cohabitate . Her saying “ you love the money , more than her” is a 🚩right there. She’s already thinking of your money. Don’t do it!
@@delaslight there’s a level of trust but smart to leave a margin of doubt. The “what if” variable. You would be a fool and lying to yourself if you didn’t
She shouldn’t marry a guy who expects they will divorce 🚩
@@LoantakaBrookyup
He didn't get where he is by listening to people who cannot do what he has done.
@@delaslightThat's what everybody says and then it's too late. Look at Paul Macartney. People kept telling him to do a prenup. He didn't. He got scre**d. You can trust a person all day, but business is business. And it's usually the people who do NOT have the money against the prenups. Really, they do make life easier if things do not work out.
I have seen so many men build a business get married and then his wife decides nah I want to be with chad and they have to get divorced and he loses half or more of what he built up.
This is asinine to even think about marriage without a prenup.
Chad Thundercock has destroyed many a marriage.
It's not usually for Chad they just quit
No man should be getting married, unless they leave the country and move overseas if they want a family.
Tyrone has BBC ! Destroyer of marriage! Hypergamy is real gentlemen!
You're not listening to Dave. Marry but protect yourself. Marry to protect your family.
When she tried to gas light him by saying "you just care about your money more than me".. I would look her straight in the eye and say.. "It sounds like you want to marry my money not me".. That's why honestly it would be hard for me to marry someone if I had a bunch of money first because there are too many gold diggers out there.
It's better not to let anyone know but that is hard today
Simple test: run home and tell her you’ve realized your calling in life as a zookeeper and you’ve sold the business and given everything to charity and gauge her reaction.
🤣🤣🤣🤣🤣
Why should she marry crazy/stupid? At that point, it's she who dodged the bullet. That's funny, but Not a useful test...
I’d be pissed but not because he got rid of the money but because he did it behind my back without telling me about, he had an existential crisis and didnt let me in? That would be like I come home with new butt and boobs and an adopted child out of the blue and im like “hi honey!”, id anticipate a big reaction too, not necessarily cuz either of those things are bad, but because we didnt speak about it
Everything you built before the relationship is yours. Everything you build after is “ours”.
Why wouldn't it be "Everything **WE** build together afterwards is ours?" This is why a lot of modern men are terrified of marriage...
@@aaronadamson7463 yes I meant we build after. Thanks for fixing my grammar. 👍 You -> pleural
Why is it that Dave says "your debt becomes OUR debt," but wealth isn't. 😂😂😂 I don't often disagree with Dave, but something is screwed up about this discussion.
Nailed it!
Not when you get married! Hence it’s a scam
So happy my hubby and I got together as broke kids. Lol
This is the best case because you build together vs someone meeting you in the winner's circle.
Me too. Together since age 17, married 34 years.
That's what i never could understand about men discarding the wives who were with them when they had nothing. I've seen so many cases when a man becomes successful later in life and trades her in for a younger model who no doubt only wants him for one reason.
Never build a man up. They dont like remembering when you saw them at their lowest and will upgrade with a new woman off the back of all your labor.
The writing is on the wall. She is considerably younger than he is, he has a lot of money and she knows this. She gives him a hard time about a prenup and gaslight him saying he loves his money more than her. This woman is a whole red flag.
A prenup has no relevance during a marriage.
It only matters during a divorce.
So unless she plans on divorcing him, the penup should not bother her at all.
She’s a red banner 😂
@@AlexPerazaTV Well said!
Definitely, dump her.
@@AlexPerazaTV unless he plans on divorcing her then it shouldnt matter to him.. he is worried that when he is cheating with the 19 year old at work and she is done with him, she takes him to the cleaners.
I 100% agree with Dave on this one. Get the prenup and adjust down the road if needed.
🤨 The fact she was willing to throw the "you love your money more than me" at you and wasn't just like "I completely understand." is a huge 🚩 to me. This is why you're calling and you know this is a serious consideration for deal breaker. Trust your gut and get the prenup or end it.
The irony is that she loves his money more than she loves him, otherwise she'd have signed that in a heartbeat
💯
I totally agree. Get a prenup
Prenups have such a bad reputation. Most prenups are actually really good for both sides.
The easiest way to lose a hard-earned fortune is to get divorced. When a marriage ends, it turns into a financial negotiation.
The spouse that never had anything to begin with , figures they can get a divorce & take half of what you worked your entire life for.
You saying that a 60+ year old woman for instance should just leave with nothing after a whole life of marriage and then a divorce to one guy?
Entire Life, No
the years you are married, yes.
Prior to marriage, Assets are placed into a sealed Trust.
@@John3.36yes
Exactly
@@John3.36 Yes, she should. She should work for a living and not be dependent like a child.
Signing a prenup is a true test for love and loyalty for both parties. You do not want to sign a prenup, making any form of excuse is a big giant red billboard of don't marry this person.
He can avoid all of this by not getting married!
Huge red flag, “you love your money more than me”
Uhh yea… being with 10mil is hard. A girl being pretty and saying yes to a wedding is not hard at all.
Yeah if he is questioning all this then it isn’t a good sign
@@ugabuga1361 so should he never be with a woman again? Or should he remain rich and just use women when ever he wants and toss them to the side because he’s rich lol he’ll end up getting a random woman pregnant and paying her half anyway 😂
Of course the woman in the room would say, well what if the business grows because of her and she gets nothing. She’s not bringing 10 million dollars to the table to begin with so that cancels out what if . It’s alot easier to make money when you have money. It sounds like she already has a problem with the prenup so I’d say he better think real hard before he marries her because there is going to be issues
Yup.
I avoided marriage and single mothers since high school and only knew mostly women with their own wealth through the years.
My girlfriend has her wealth,home,investments,savings, etc. in Italy and I have mine.
Met her on a Dubai/Paris flight in 2001 and together ever since.
No kids.
Money is never an argument or issue.
My sisters laugh because some of their female friends don’t like our relationship at all and say we are cheating the system.
never sign a contract that incentivises one party to break it. PERIOD. This is the world we live in today and unless divorce laws change, this will apply.
Explain?
Facts! There is zero upside for a man to get married. He has little to gain, but a house and several hundreds to thousands of dollars a month to lose whenever the woman gets bored and decides she wants Chad.
You hit the nail right on the head with this one. Whether they’re traditional women, modern women, it doesn’t matter they have nothing to lose and all to gain.
@@DevHazy how can this need explanation? Okay, lets assume you are serious and you honestly do not understand.
The caller is calling from a communal property state, Texas, one of ten communal property states in the USA.
A marriage is a legal contract. You may say its about “LOVE” but you would be wrong. In the USA, the government has placed legal consequences into the legal contract called marriage. The federal government has left it up to the states to define the terms of the contract. Some states are communal law, some common law, and I’d need to check but I believe some US territories have different definitions. These words have significant legal differences.
Communal property state = the moment you marry, all assets and liabilities are 100% owned by the union, not 50/50, but 100. There is no his vs hers, its all theirs, unless a pre-existing contract dictates otherwise. Even if a pre-existing contract exists, better make sure it was written by a good lawyer, because many courts have tossed out prenup agreements due to legal process error. For example, in some states, each party must have an independent lawyer or the prenup can be declared void.
Broken down, if a $1 Million dollar loan was owned by one person pre-wedding, now $1 Million is owed in total by the union. If a divorce occurs, each does not owe $500,000, it means the broken union still owes $1 Million and any assets, his or hers, are fair game to collect the $1 Million. Got it so far? Because it gets even more complex. Think this through, you can marry someone with $1 million in debt, divorce, have nothing. They can go after your future income for the rest of your life until the full $1 million plus interest is paid, even when it was a preexisting loan not borrowed to you. Its not 50/50, the debt is community, so its 100% owed by the union, or former union if divorced.
Lets go the other way. One person comes into the union with $0 debt and a $10,000,000 net worth, about the situation of this caller. The other comes in with only debt, lets say a net worth of negative or -$100,000. The two get married in Texas with no prenup. The next day, the one who joined the communal marriage with the -$100,000 debt can divorce then walk away with a $4,950,000 net worth. So, this previously in debt person has a $5 million incentive to get married then break the contract via divorce.
It gets far more complex, but do you now understand how one person of the union has an incentive to break the contract?
How does it get even more complex? Just one example, in some states you can never go through a ceremony, never say “I do” never sign a marriage certificate and still become legally married. This comes into play many times, including when couples split, or one person has debt and the debtor is trying to collect from the other person of the couple. Imagine being told you are married and owe the other persons debt when you never knew you were married.
Its getting even crazier because long term couples sharing an apartment, where one has debt, can the debtor go after the roommate claiming they are legally a union? Well, thats about to be tested in California. I swear, the real world can be crazier then fiction.
It gets even crazier when one person passes without a prenup or will or marriage certificate. Its a messed up world.
@@DougAlesUSAYou sir just open my eyes eventhough I'm not from the US, but I believe it's more or less the same...
So it sounds like marriage brings more downside if the other half has debts or both has a significant difference in net worth..
My net worth was 10 times my partners when we met. In Australia you only need to live together for 9 months and you are considered “married” in the eyes of the law. I explained to my partner that I was living with a chronic illness and did not know how long I could keep working for so I would never jeopardise my future financial security for anyone because of this. He signed a pre-nup. (We call them a financial binding agreement here). I did have to retire 8 years into our relationship and both of us support each other financially, emotionally, spiritually. Protecting yourself financially is hugely important.
when a woman says "you love your money more than you love me" that is a manipulative statement if their ever was one with intent to shame you into allowing your emotions to control your decisions, rather than logic, in an attempt to get you to make an agreement with her that is very non-beneficial to you and very beneficial to her all at your expense. As my son gets older, he will be wealthy, and im going to teach him to keep his wits about him and to understand the manipulations of women when it comes to marriage contracts and to remain strong and stoic with decisions to safeguard pre-marital wealth. Which basically means he needs to be prepared to dump her if she tries to shame him into cancelling a pre-nup. More than likely what she will do is she will be even more attracted to him because he proved himself to be a strong decision maker which women do find that more attractive.
Yeah she's gaslighting him.
Manipulations of women? That's chauvinistic. Men gold dig also. And sum Women pay all the bills. I do. 😡
@@oceanside88 Well you chosen him. Unless he has a gun to your head blame the person in the mirror. Take accountability. 97% of all spousal support ever paid has been paid from men to women. Numbers stall the story.
@@oceanside88 Don't bother going back and forward with a stranger like this because in his eyes men will always be right and women are only for sex and babies and not to be loved nor liked.
@@oceanside88
The data doesn't lie. Mostly it's men who have to pay women when divorce happens. It's rarely women who have to pay men.
If you (as a woman) are paying for everything in your relationship, then that means you chose a BUM. You made the choice to be with a man who is happy with you paying for everything. That's your own fault. Blame yourself and no one else for the decisions you make in life.
Sir, this is a huge red flag. My wife had no problem signing our prenuptial, because her main focus wasn't about the $$. I would RUN!
but your main focus was ALL about the money..
@@ASouthernBoyCanSurvive huh so if he got a car insurance was his main focus getting in an accident?
@@ASouthernBoyCanSurvive you can easily say that because you probably have no money.
@@ASouthernBoyCanSurvive Exactly!
@striperkid I'm 55..retired and typing this from the beach in Thailand... want to compare net worth statements my friend?
if you're a business owner definitely get a pre-up. provided you have employees, you can be putting them at risk if your future wife decides you need to liquidate your business for her to cash out. a divorce caused the owner of the LA dodgers mlb team to sell. and just because you get a prenup doesn't mean she'll be penniless in a divorce. it's just a pre-arrangement.
I was just about to make the same comment. Business owners have to consider their business, employees, and customers. What happens if you get divorced or are in a coma for three months? A Pre-nup can protect what you've built and someone your going to marry should understand that.
Not to mention business partners, who get screwed the worst when the vindictive ex wife now owns 1/3 of the company.
Big red flag for me: She said he likes the money more than her. This could be an exaggeration on what she said, he could have made her feel that way by what he said, or she could be a gold digging drama queen. Either way I think this seriously needs addressed before anyone signs anything.
Sounds like gaslighting to me. She probably loves his money more than she loves him.
Her disliking the idea of a prenup is a red flag. She's either naive and doesn't comprehend the reality of divorce settlements or is malicious and wants his money.
Me and my wife started from the bottom and couldn't pay bills from time to time. Together 8, married 4. When we met i was at 27k (net) a year avg. to owning my own business now and making $100k my first year.
She's my partner in crime and i couldn't have built it without her being my rock. Thats the difference. Get a prenup
I agree. However, the caller doesn’t understand community property. His property will NOT be hers equally upon marriage.
@@genxx2724 That is not necessarily correct. It can become community property if he comingles it with community property.
I personally would not get married with that level of assets. I would definitly turn it into an LLC and have it pay a regular income. Becsuse if anything goes wrong, even with a pre-nup, he will facing all kinds of loses.
Attorneys are smart, they love billable hours, and here lately family law judges have been finding reasons to dismiss the pre-nup during the divorce preceedings.
Didn’t expect dave to say that. Glad he is changing his views on the world today and the modern woman. Yes remove all hope that she can just marry you leave for any reason and take half of your wealth. That gives her MUCH more incentive to cooperate and work through hard times. I’ll never get legally married again after going through the divorce meat grinder.
I'm not a lawyer, but my understanding is that pre-nups cannot be too one-sided and that judges have discretion in how much of the agreement to hold up.
Best thing this guy can do (from what I've read) for the caller and his fiance to each have a lawyer, so the fiancee can have her interests protected.
Best solution is no marriage license and living in a non common law state
There have been plenty of cases where the situation has flipped too. He loses his business and goes broke while wife then inherits millions from her family and now the situation is reversed. Pre-nups are supposed to protect both sides.
You're right, most states have several reasons a pre-nup can be voided by a judge, including both parties not having their own attorneys.
Every prenup is one-sided. That’s the entire point of the prenup. It’s arguing about how much one person is going to get fleeced
@@ryanlowe509Maybe he is not an an atheist and doesn't have those lower morals?
A prenup is not about the wealthy loving their money more than their fiancee.
It's about the less wealthy fiancee loving the wealthy partner's money more.
The "love con" is one of the oldest ways to acquire another person's "pot of gold" -- and it's old because it works.
A prenup has no relevance during a marriage.
It only matters during a divorce.
So unless she plans on divorcing him, the penup should not bother her at all.
@@AlexPerazaTV 👏
@@AlexPerazaTV Liar, if he divorces her she would get their money. Either could divorce leaving her with little.
@@KS-cl8br But she came with little and he came with alot. Why does having sex with him give her permission to leave with alot?
@@AlexPerazaTV You're talking like all prenups are the same. They can be as different as flavors of ice cream.
If they break up my view- he leaves with what he brought into the marriage, she the same - you bring it, you leave with it.
But, what they make together in the marriage they split. And that is that.
Yeah but imagine she owns a house, I own a business. We marry. My business income pays for maintenance of the house for 10 years; new roof, new floor, kitchen remodel, whatever. So then do I get equity in the house out of the divorce? But she can't pay me equity of the house without an income, she would have to sell it. So now I get a business but she doesn't get a house.
That's if the judge agrees with your plan.
Why bother getting married?? The fact that he wants a prenups clearly shows that he is aware of the risks involved. So why go through with it??....smh
I'm actually shocked by Dave here. People are focusing on whether or not she helps with the direct growth of the business. I think that's irrelevant. I am a stay at home mum by agreement with my husband. That means I have given up on my earning potential to take care of our family. We are a team. When I say I dont make any money, he says, "You make what I make, imagine me managing life without you. You make it possible for me to do my job!" I don't do his job. I'm not a decision maker in that field. But I have spent the last 10 years out of the professional world because of a choice we made together. If our marriage ended suddenly, I would be 10 years short of work/skills/professional experience. It could be very difficult for me and as we made this decision together, it is certainly his responsibility as well as mine. Now, to me, none of this matters because we have ordinary finances but I wouldn't marry someone who wasnt prepared to recognise my value from the marriage onwards. I dont see how that would make me a gold digger. I wouldnt feel comfortable being married to a millionaire who didn't feel any need, or even desire, to share his wealth with me (at least from the point of marriage onwards).
A couple of things:
* she doesn’t have to be at home after they get married. She can continue working.
* their impact in their business by being a home wife is probably negligible, he can do as well hiring someone to do all the chores 24/7 and have less risks.
* If she is contributing with the business, then he can HIRE HER and COMPENSATE HER properly.
* She can benefit in their career by leveraging in the guy’s is contacts.
@@HackerNomada You're missing the point. It's so hard for men to get this. Women are doing LABOR that is uncompensated in this scenario. "She's eating off the table"?! So basically you're treating your wife like a live in maid. Not only are they doing extraordinary amounts of unpaid labor, even if it is a choice, they should be compensated financially. Imagine how many women pour hours of labor and energy into their husband's careers and then get nothing for it when he leaves them for a younger woman. It happens all the time. Women deserve better protection from our society.
@@heninthefoxhouseyou’re assuming that she is doing unpaid labor because is the tradition of our society, but she dont have to, or maybe isn’t doing it. Not all couples put the burden of shores in the wife is shoulders.
unpaid women labor is a problem. But she have already a good networth. She is working by herself. We dont know how they split home chores
@heninthefoxhouse having housing, food, clothing, utilities, transportation, and medical care covered in exchange for a choice to exit the workforce in favor of having a family is not free labor. Women who see it this way need to not marry so they can continue to focus on their careers and finances. If she doesn't view her soon to be husband as a financial incentive, signing a prenup is no issue. She will benefit from the rewards of her husband's labor while he loses time at home with his children.
great until you get divorced, then he will say you had nothing to do with going to work to earn it.
Make sure that prenup is iron clad. If the fiancée isn't thrilled with the prenup, tell her go get a net worth of 10 million then come back to you.
I’ve been single my whole life. I’m now FI and can retire. If I were to marry, I’d have a prenup. I’m in a community property state and it would be my separate property, but I do not want to be at risk of fighting to defend it in court in old age. No way, José.
Dave’s co host clearly disagrees but doesn’t wanna ruffle his feathers😂
She did - she questioned him.
Cause dave would initiate a work divorce and send her packing lol. And of course there's no female that's gonna say get a pre nup lol
@@fauxbro1983 No, he wouldn't. They work great together.
I think she thought that Dave is going to say what they accumulate after marriage its joint, but Dave is having none of that period.
@@jimroscovius her body language had A LOT more to say than what she did
If the tables were turned, there is no doubt that she would require a prenup. There's a reason Tiger Woods' ex-wife never got remarried.
Getting remarried cuts off alimony.
His ex wife's family is also stinkin rich. Did you know that?
You're better with the pre-nup. It's alot easier to get another fiancé with 10 million dollars than one with 2 million after she takes you
Thank you for speaking up Jade-that was a good point. If something happens-the growth shouldn’t not be split.
the appreciations of his biz dont deserve to be split. She's not built it
Always sign a prenup, that's my opinion. It shows that you do love that person. I've always struggled financially no matter how hard I work due to health issues. Prenups protect and benefit both parties if the terms are fair.
I definitely get where Jade is coming from. It gets a bit more complicated if she helps build the business and increases the revenue. But she could be without anything if they happen to end their marriage. So anything the wife does that helps contribute she may never get anything from that. That's really something to think about before getting married.
So what if she gets nothing? She isn’t entitled to his money period
The seed is already planted. He was a millionaire before they met. Be a good wife and support your husband. 6:40
@dcg590 what if she stays home with the kids and sacrifices her career to support his career.... then she might feel entitled to something atleast.
@@coolkidvt01 If one spouse doesn't work for 10 years why should we call that sacrificing a career for the spouse's career. Why don't we call it the working spouse subsidized the unemployment of the other spouse? You got 10 years without having to work, is there no value in that at all?
One thing I know female suitors don't like are ultimatums and prenups. I agree the dude should get some kind of structured prenups being worth that much.
Suitors are males.
Get a prenup that says whatever you established before getting married is yours and whatever she had is hers. But going forward, whatever you both make is conjugal properties.
I think I like the lady's approach. Whatever you made before marriage stays yours. But anything either of you earns while you're married belongs to both of you together. If you still think that person is only with you for money then you shouldn't marry me in the first place.
IMO, neither the wife nor husband gets to say my money is my money if they earned it during marriage
"We can always end the prenup later." 😂. Right... I'm sure she'll buy that nonsense.
I would get a prenup in this situation. If she doesn't understand why you are doing it, then you shouldn't marry her.
If i could give this woman any advice it's to make sure this pre-nup works both ways. NEVER agree to be a SAHM and do not give up your career. Keep working, contribute a predetermined proportional amount to the family budget (so he can't claim she is freeloading) and bank the rest. If she helps run the company, insist on being on the payroll same as any other employee. This is particularly important if you are going to have kids. That way later when he decides he wants his 22 year old secretary instead of his fortysomething wife, he can't dump her on the streets with not a penny to her name.
This is terrible advice
@@TheMainMan364 please explain
@@TheMainMan364 this is an excellent advice for the woman. I could care less about his money but i have to take care of me too!
You’re a selfish woman. If she didn’t have a penny to begin with, she isnt magically entitled to his money. You chose to be a sahm, so live with your choices.
This is why women shouldn't vote.
Any marriage that involves the government should have a Prenuptial. All of them.
This is one reason to marry young and you build everything together. Too many people wait 10-20 years to get married and start a family and now you have all kinds of issues to deal with.
To be fair I haven’t exactly gotten much choice in waiting or not, the women in my area are too much of a minefield and I don’t travel much so I don’t really meet outside of this area
Marrying young does have a lot of problem. Static have shown divorce happens more with couples who marry young. Plus financial problem is 3rd reasons why ppl get divorced
@@sailorsister211 Statistics are for average people. Your risk of anything is not dictated by the national average, it's based on your own decisions. So if you act like the average 18-year-old who gets married then expect the same risk of divorce.
@@sailorsister211 58 year old here, with my husband since age 17, dated for 6 years, six years married before kids and now 34 years married tomorrow. Both have careers and raised children together as equals. Living proof statistics only matter in the abstract and that they are not always correct.
I don't know why he needs to include her in his business at all. As someone who has done that, it needlessly complicates your relationship and life. While you're at it, why marry?
Because he really loves her and has high morals?
In Canada she would be entitled to the growth after the date of marriage. Which I think makes sense.
Great disincentive to not grow your business any further!
@@peters.6343😂😂😂
No.
You can't beat that wisdom from the hills
Dave’s usual advice of not getting a prenup is based off of the quality of women available when he was dating… It’s drastically different now.
I disagree. While there are always differences in generations, humans tend to behave the same regardless of generation, era, and geography. Statistically speaking, you will mostly find women of your same caliber and quality as a human being.
@@TheCuriousPsych We found the simp!
@@Chris-os5zd that’s the neat part, I never have. I met my wife in a chemistry class. I know not everyone takes chemistry but it may be beneficial to go fishing where the good fish are, not necessarily in the bottom of the societal barrel (e.g. dating apps)
FACTS! It's a new era!
@@Chris-os5zd Neither are the so called men…they’re looking for something else too
Do not do it and if you do... you need a prenuptial.
No way!
Do not lot let someone try and convince you. He built the business she did not!
This should not even be a question.
All of a sudden she is going to be growing his business and thus deserves half? GTFOH
HE SHOULD NOT GET MARRIED....WE LIVE IN A SOCIETY WHERE MOST WOMEN ARE INCENTIVIZED TO DIVORSE. 50% or more of all marriages end in divorce. 70% of marriages are initiated by women. If the women has even higher education she will initiate divorce 90% of the time.
Prenup only or do not get married.
A couple female coworkers asked me about marrying again. I said the only way I would marry today is with prenup. One said marriage is not a business. I said, yes but sadly divorce is a business.
Whats comical is how many women have kids before marriage.. you can have a family and wedding and act like a family without the govt contract
His fiancee said "you love your money more than me" when he brought up the prenup. This is a HUGE red flag, not only of her intentions with the money, but her maturity, communication skills and mental health. What a horrible thing to say to the man you supposedly love. Why would she ever marry a man she truly thought this about? My point is she doesn't actually believe this; it was a statement meant to manipulate him, and I bet this is not the first time she's said something like this to control his behavior. Not only would I definitely get a prenup if the marriage went ahead, I would postpone the wedding indefinitely. Time will reveal who she really is.
The problem with Dave is that he is a hypocrite. On-line Ramsey Solutions Dave says “When you get married, you’ve got to combine your money into joint accounts. You’re becoming one, so your finances should too. If you keep this one area separated, it can lead to separation in other areas. Don’t. Go. There. Work together from a shared account to create accountability, honesty and a sense that you’re in this together! Privately, terribly rich Dave says there is no way he will share his wealth in the event of a second marriage. They will be roommates.
Spouses get whacked over hundred thousand insurance policys. Fourteen million? You keep that seperate.
Dave is so wrong on this...if you have a pension or a 401k get a prenup
100% correct
Always remember you marry the family
You have to get along with all relatives and may have to live with them
Please run she didn't put in the hours to build that wealth you did she did nothing
Why are we even talking about this? It is his business, period.
Even if she contributed to the growth of the business, there wouldn't be a business if he hadn't started it and turned it into a 7 million dollar enterprise. The benefit of her contribution is that she gets to enjoy the lifestyle of couples who own a business with a growth of 7 million dollars or more. The same would apply if she were the business owner.
NOPPPEEEEEEEE. Wrong. Companies do mergers and acquired all the time. And not every merger or acquisitions successful. Therefore, if this couple MERGES and the business grows in value or goes through IPO and goes public, and SHE IS ADVISING HIM. SHE DESERVES HER FAIR SHAREE. PERIOD. Fk a lifestyle. Is that gonna pay for her retirement?????
Is a first class ticket gonna pay for her retirement plan?
A company being acquired doesn't automatically merit receiving half of the parent company's total value; they are typically bought out based on agreed-upon terms. In this particular case, the compensation received represents 100% of her lifestyle, right from day one, without any prior contributions. Her situation is more analogous to that of an exceptional employee who joined the company, played a pivotal role in its growth, and then departed, asserting a claim to half of the company's value simply due to their past contributions.@@melissacharles8410
Yea the reason the business went from 7mil to 14mil is because I cook you a few dinners and cleaned the kitchen. Let’s be real here.
Yeah, that reason is ridiculous. You can hire a maid and a meal prep company. Cooking and cleaning doesn't make a business grow 😂
If she truly loves you, she will respect it and sign the prenup. She didn’t help build it and so I would.
Red flags everywhere. Time to run. The fact that she wasn’t thrilled and used the line “you love money more than me.” Is a sign to run for the hills.
They can get married, and have separate financing. Separate savings, checking, etc. it is a HORRIBLE idea to pay her in this marriage, absolutely do not do that. The caller isn’t going to exclude his fiancée, she’ll be living the dream. It’s just a layer to protect him in the case both separate.
If she’s married and participates in the business then she’s a married partner without benefits…HOW WRONG IS THAT!…Only he has the income…totally not ok!😱 Prenup the 7 million is fair! 🚨If you’re the fiancé reading this PLEASE DONT AGREE TO THAT! Go to a premarital councilor before you marry! And if the caller is reading this Please reconsider carefully, unless she’s so much younger and considered too attractive for you then reconsider marriage
And how demeaning for Ramsey to call his wife a hillbilly mind!
Hillbilly wisdom is a compliment.
I think both of them should see a counselor before they decide to get married. Both started out by focusing on their net worth more than their love. This could lead to ongoing conflict in their future. He should offer her some security in case his heart changes.
Wtf is a counselor supposed to say? They don't have 10 mil.
@@ballerz1 you got a lot to learn.
I do agree with prenups, but children need to be considered and security for her if it ends in 20 years.
Investments into a business for her to maintain an income or an amount of money written in if she gives up her career to raise children.
Prenups are meant to protect both people.
I live in Texas. My attn said what is mine before marriage is mine afterwards. Divorcing spouse has Zero rights to assets. Assists accrued during marital union must be split 50 50 with intense record keeping. Dave does NOT know Texas law.
Amen…… family is the #1 enemy to a wealth gap relationship. From first hand experience. You are 1,000% correct.
I agree both parties should be okay with prenups. It’s protection for both parties in the mist of conflict. If she has helped him build in anyway her contribution should not be disregarded or ignored and vice versa. The prenup should consider domestic situations that would leave either party w/o financial stability if split occurs etc.
Yeah good luck getting her to believe that a prenup is in her best interest.
If she's concerned about the prenup than maybe it's the other way around and she loves his money more than him.
It certainly is that way with 90%+ of women. Look at any dating profile and count the number of times women mention "must be financially stable".
@hello77779 It's all about context with that one. I don't disagree that women want a guy who makes money, but I knew when I was single and used to say that, it was because I had plenty going on and I wasn't going be taking care of a permanently unemployed man like a little baby lol. I was looking for a like minded man with a similar background.
Imagine if Dave Ramsey had a million dollar business when he met his wife and he got her to sign a pre-nup like he just described. Sharon becomes a stay at home mom, supports him, and provides feedback to help build his business into the success it is today (which he admitted to her contribution). Now after all these years he decides to divorce her and she gets thrown on the street with nothing to live off of because the pre-nup says he owns everything and she gets nothing. That is what he is suggesting and it is not right.
I get what you are saying but I highly doubt he wouldn't give her anything, especially with kids.
@@crystalsnow1138 But would you risk it? I would never marry someone under those circumstances. I am fine with people keeping what they started with but wealth grown while married should be shared.
@@crystalsnow1138 You're looking at Dave when you say that. It's interesting, my issues with the prenup isn't the money thing... its the fact You're putting divorce on the table before even getting married.
@@Chris-os5zd If your mindset says divorce is always on the table then it is. In every relationship I've been in, by the world standars I've been more successful and had more. I never considered a prenup or thought it'd be an option. There was only one guy whose family technically had money, but that means nothing to me. I suppose moat people think of $$ when dating. I would rather have someone with strong moral character, hard working, and loves God. Even what I have is temporary. I prepare for the future, but I can't control it.
He loses half his assets is she leaves. She loses nothing if he leaves. That's why prenups matter. People want to pretend like "he leaves her with nothing". Yeah but she came in with nothing, so shes NOT losing anything. You don't seem to feel bad that she leaves him with nothing and even 50% poorer, do you? Exactly. Fake empathy. She isn't left with nothing, she is left with EVERYTHING she brought and LOSES absolutely nothing.
Even Dave's female host was perplexed by the idea that the caller's wife would never get ownership of the company. That's hilarious. Don't trust nobody man
If I really loved the guy, I would not care for one second if I got any of the money he had made before he married me; I would only care to be with him for the rest of my life. All that talk that he loves his money more than he loves her sounds fishy. By all means, he should not marry her without a prenup agreement.
I think sharing in the income and wealth generation from the point when they get married, minus the ownership of the business, is a good plan
That’s exactly what community property, the law in his state of Texas, provides, if it’s his efforts that generate income from his business and increase in its value. Each spouse’s efforts belong to the marriage (community).
@@genxx2724 thanks, I didn't know the rules of Texas. Does that exclude property that was owned before the relationship/marraige?
@@thecurrentmoment Yes. Property owned before the marriage remains that spouse’s separate property. Inheritances one spouse receives during the marriage are also separate property.
It makes a lot of sense, doesn’t it? As I said elsewhere, this is Spanish law by way of Mexico.
Great questions by Jade.
Women are so obsessed with taking the man's money. look how the lady that's next to Dave changes the moment he mentions doing prenup on the value and future value of the business.
First to leave if business fails
lol she can't hold back her own instincts
He could always marry a woman who is also a busy owner. But I'm betting his fiance is gorgeous and feminine. Men are so OBESSED WITH LOOKS AND FREE ASS!!!
I did very well in the real estate crash and I just got a marriage proposal Saturday night.
But of course when it's a man gold digging it's true love. He couldn't possibly want me for my rental real estate and debt free lifestyle.
@@anniealexander9616 👍
It sounds like all he wants to do with the prenup is to protect the business. If he does that, anything that he takes out of the business as his salary is still shared. The alternative is an "everything I brought into the marriage stays mine," which is a lot more troublesome and not what Dave is implying.
Yea, she brought up money. You need a prenup for your prenup, clauses for children, everything. Protect yourself!!!
I like this except I would structure the prenup this way. Ownership of the business upon marriage is 50/50. However, I would put a clause in that so long as the value of the business exceeds 7 million upon termination of the marriage, he automatically buys her out using other assets from the marriage worth that value. So example if the value upon divorce is 8 million, he would buy out her half for 1 million dollars worth of assets. That keeps everything largely equal in terms of where they were when they came into the relationship
Even prenups can be undone be very careful.
My neighbor, in a community property state, had substantial assets before she married a man who did not. She had a prenup. She STILL ended up losing part of it in the divorce.
Everything can be undone. The only way to be 100% sure is not having any money. (" o.o)
@@fsmoura Or not getting married.
@@fsmoura or get married overseas like the pass port bros.
Pre nups are so easy to break. Once you transmute the funds, use any of it for the common benefit, it’s destroyed. I only drafted them for the less wealthy partner because I knew I could break it. Before the marriage, put some in an irrevocable trust for your kids etc.
The stuff had had before their marriage is considered separate property and not automatically subject to the split in a divorce. You also can throw out the prenup and make whatever deal you want in the event of a breakup. Its just there as a fall back in case no agreement can be reached.
BTW, the value of a business can change overnight. It's valuable to you, but it's not worth 7 mill until you've sold it for that price or higher.
Because even the two nicest people can wind up divorcing, or future kids may muddle things up, it can be smart to separate the business from other assets. The business must be able to function as a separate entity no matter what. A prenup and legal (re)structuring of the business could address that. And if there are kids from prior relationships, their interests should be protected legally.
But. It's not a good marriage if you as the only wealthy party hold all the cards, and you want her to just take it on faith that you'll never ever use your financial advantage against her. Trust goes two ways. There has to be some kind of power parity in a marriage.
Please realize that she's taking a risk by marrying you, too. Especially if you think she should take charge of your home and social life so you can keep building your business, or you expect her to drop out of the workforce to raise kids. I'd hire her an excellent attorney to educate both of you on how to backstop her ability to support herself independently. That's what you want for both of you, right? Maybe you buy a nice house and put it in trust with her as sole beneficiary. Maybe you commit to a large monthly payment into her retirement fund. Whatever. She shouldn't have to take a vow of poverty while devoting to you her best working and childbearing years, just to prove something to you.
And if the business stays yours-only so that she must rely on herself to build her own wealth, you'd better be supporting your wife's career path. Plan to hire household help so she can finish her degrees and work long hours. It's not fair to ask her to sacrifice her own financial security for the benefit of your personal business and investments.
If Dave wasn’t here any of the other personalities would have said no to the prenup. They are all out of touch. All married young and built together. Even if he had 500k and she had zero, still get a prenup. What you built on your own is yours.
I agree. Anything before marriage should be yours. Anything built after is a little different. The woman often works a man through school and then gives up her career while he builds wealth and a business, and has her stay home to care for children. That's when she is entitled a portion because she sacrificed her career and financial security to raise your children.
When my folks got married, they were 21 and 22 years old...neither much of anything to their name (Dad was just getting out of the Marine Corps after being a grunt in Vietnam). No need for a prenup because neither had anything to protect. Yes, they're still married 52 years later. I, on the other hand, am 42 years old, never found a woman to marry. However, now, I have assets of my own, and my sibling and I will split what's mom and dad's at some point in the future. I presume that whoever I meet will probably have her own assets (assuming I don't become a 50 year old man dating a 20 year old). A prenup is not a bad idea on my part, to ensure mom and dad's assets remain with my sibling and I, not get split off. The prenup protects multiple ways and for multiple things, as Dave pointed out, and is not just a way to screw someone over. This caller is absolutely correct to protect his business from his personal life....and protect his personal life from his business.
Dave is the one who proclaimed “no prenups!” They’re just toeing the company line. Dave only recently changed his position after somehow realizing not everyone gets married at 22 with zero assets. He’s nuanced in two situations: 1) Significantly different wealth; and 2) Second marriages and there are offspring from the first marriage.
On a very basic level she isnt qualified to own a business of that level. I would make the pre-nup for them to share everything as a typical couple, but he owns 100% of the business.
As normal in usa, the voman I SAHM for the kids and run the familie whe he is running the business. When divorced she will not get anything cause of the prenup that's the business is his. What about her work for the whole family doesn't it count ??
@@wenchefauske6898 I think she certainly has a right as a couple to share the profits, but as for ownership of the whole business she has no place.
Wrap it in latex or she'll get your paychecks
Lol, the person without the money always feel like that hahahahahah😂 they love guilt tripping is real
Maaaan.... Don't get married.... Everybody changes over time.... 7, 10 or 15 years later you might not be happy with your spouse. Think about the multiple "best friends" that you have had over the course of your life.
Get married and do whatever you can legally to protect your finances. The people saying don’t get married have been burnt in the past and I get it. But if you want a family, I always encourage marriage. We don’t need more dysfunction in the society with single moms and dads having multiple children out of wedlock.
I don’t want to get married and been with my girlfriend for over 20 years but I will never tell anyone not to get married or encourage it.
It’s big business and opportunity.
A bad marriage combined with the last recession/housing crash was how I bought a $560k newly remodeled beach condo for $240k cash back then.
He doesn't trust her with his money. So why is he trusting her with his heart. He needs to go all in, or else walk away.
Yikes this is hard to hear, but it is the truth.
This is touchy-feely advice that's horrible. Every guy with a sizable net worth needs a prenup
Wrong. He is a business man and she is a spender
This is by far the dumbest advice... It is usually not just her.... Every woman is surrounded by at least one crazy she bat in her circle who will brain wash her... It could be that toxic friend of hers or her mother or someone in her family... There is ALWAYS a crazy she bat around every girl... If she says there is none... then she is the crazy she bat... LOL
Here is some financial advice. If you have a question about the engine in a car ask a mechanic not a race car driver. If you have a question about family law ask a family lawyer, not a talk radio host. A prenup has far broader function than protecting your wealth.
You are negotiating the terms of the dissolution of the partnership in the event that happens while you are as in love as you will ever be. If you can’t have a hard discussion rationally like two adults that understand the value of planning for unfavorable conditions, you probably should get married. Over 50% of marriage ends in divorce. It is an unfortunate statistic and sad but that is the world we live in. Not making a plan for that is foolish, just like not making a plan for your money is foolish.
Just like any other financial deal.
Check your statistics.
More info needed. How old are they? Any previous marriages/children? Has she been effective in managing her own money? Does she have debt? etc.
Interesting question and surprising answers.
Totally agree. Too many people jump on the "red flag" bandwagon without knowing the whole story. A situation you can't know fully at all with this short phone discussion.
I don’t think Jade really agrees with Dave on this issue lol She didn’t want to publicly disagree with the boss though
Why would anyone with money to protect EVER get married?? Don't do it. Its madness.
Because marriage is amazing and can be eternal. Life is about more than money. Plus, he can protect his money with a prenup if he wants.
Because when you marry the right woman, you can build a legacy together.
Because he loves her and has higher morals. Maybe he's not an atheist?
@@legony1 These empty wallet nerdy red pillers doesn't understand this. Being married and having children is a blessing. Being alone at 60 with money is nothing special.
She loves your money also, that is why she is upset. You're keeping her from what she loves most.
If she thinks you like the money more than her than assure her that's 100% correct. Then explain it's better to cry in a penthouse than a park bench
If you have to ask….you know the answer….