How I manage Money in Relationships & Marriage as a millionaire

How to successfully or unsuccessfully manage money in a relationship should be interesting. So in my relationship, I was the higher earner when I married my ex-wife. I already had a few million dollars in the bank, and she didn't have that many funds of her own so what I did is I would put 100 000 into her bank account just for daily spending money, you know, just for day-to-day use.

My general plan was to add to this as her confidence with money grew, and who knows if her returns on investment were good maybe she could even manage 100 of the funds such that I could free up my time to focus on employment or active businesses; however with the whole divorce this whole idea never quite panned out, but something entirely different occurred.

So what happened well she grew tired and bored of investing she lost interest in it. She was afraid to spend the money as well as she would leave it there and try not to touch it and still get me to pay for everything as if it was her own money, and that was a bizarre thing to me because I always considered money to be shared between both of us in millionaire dating.

However, she wants we still generally should consult with each other on any significant expenses. However, in any case, remember towards the end of our marriage, while my ex-wife and I were still trying to work things out, one condition for her was that I had to wire her like 500 000 of cash, and I'd always be wondering what are you going to do with that cash precisely right.

And now in retrospect, I can see that there's only one thing you can do with that large sum of money and is to buy an apartment a house just for yourself without my permission that's the only possible reason somebody would want that much money which is weird because even I never treated the funds that I held in my bank account as indeed my own like I would never spend more than 100 or so before consulting or checking in with my ex-wife I remember I had to get her permission to get PlayStation 4 pro.

That two people in a relationship should be on the same financial journey and work towards the same financial goals. Here's the difference: my ex-wife viewed the money in her bank account as truly her own, which she could spend however she wanted. In contrast, I viewed none of the money as my own I saw myself as more of a money manager, an investment person who would invest the funds to get a return on it. Still, I would spend none of it unless I got explicit permission from my ex-wife on any large significant purchases.

Suppose you're going to take shared funds and spend it however you want, like a splurge on a brand new Porsche card. In that case, the other person will view you as being financially irresponsible, a financial threat, and liability. It would make sense for them to leave the relationship to protect their financial futures in rich men dating.

Now the other reason this whole concept doesn't quite work is that my ex-wife would try not to spend any of the hundred thousand dollars in her bank account like she would try to be cheap thinking that was her own money when you know there are many more funds available between the two of us to support both of our lifestyles.

And so that's when I realized we might be on two different financial paths altogether because while I was working towards financial independence where I could live indefinitely off of the interest drawing down, say two percent of my investments per year, this concept is not even possible for my ex-wife at just 100 000 of savings at that range you'd be more interested in either saving that money or maybe reinvesting in yourself.