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Tai tai (太太) is a Chinese colloquial term for a wealthy married woman who does not work. (Source: Wikipedia.)
I don't know if it is surprising to you but I have seen so many such cases over the years.
There are childless couples who decide to stay childless because they want to concentrate on their careers and have double income.
DINK. Double income no kids.
The ones I am blogging about now are those who decide to stay childless too but with only one person bringing home the bacon.
What does the other person do?
Anything but being gainfully employed.
What does the other person do?
Anything but being gainfully employed.
I have a good friend, several years younger than me, who is a doctor.
His other half decided to stop working many years ago and when I remarked that it wasn't a wise decision, instead of agreeing, he said, "I make enough money to support both of us."
OK, end of conversation.
His other half decided to stop working many years ago and when I remarked that it wasn't a wise decision, instead of agreeing, he said, "I make enough money to support both of us."
OK, end of conversation.
I know that my friend is not from a wealthy family and he also had a hefty study loan which he had to repay.
He had a mortgage on a condo and he also bought a luxury car.
He had a mortgage on a condo and he also bought a luxury car.
While my friend has his job, he will have no problem paying for everything. I am sure.
While he has his job.
His income is earned.
It is not passive.
It is not passive.
If he had to stop working for any reason, he would very likely be unable to keep up his lifestyle.
Oops. Sorry, it should be their lifestyle.
Oops. Sorry, it should be their lifestyle.
The prudent thing to do is for both of them to have earned income.
They should build wealth and invest in income producing assets.
They should build wealth and invest in income producing assets.
Only when they are able to depend on their passive income alone to have the lifestyle they want should the wife stop working.
This is the wise thing to do.
This is the wise thing to do.
To love is a fine thing but letting love blind us could be destructive and not just in terms of wealth.
I hope my friend does not regret in future.
I hope my friend does not regret in future.
"Your husband makes a lot of money. He doesn't have a lot of money. Wake up!" - AK
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2. Financial freedom over home ownership.
"Your choices and your relationships are key indicators whether you are going to succeed financially." Dave Ramsey.
"Your choices and your relationships are key indicators whether you are going to succeed financially." Dave Ramsey.
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