You were probably exposed to Jordan Peterson the same way I was: a viral YouTube video. Prior to Google determining my unknown interest in such a “Gotcha!” moment I was preaching some of the same material as it pertained to financial matters.
Once a taste was received I was primed for more material. Peterson has an addicting style of speaking and teaching. He thinks before speaking—something an unnamed blogger still needs to work on. The amount of material to watch is extensive. There is less reading material, but Peterson’s work is powerful and has the tendency to consume a day in thought.
Peterson is misunderstood, many times intentionally. YouTube thinks I might like other similar topics regarding identity politics and feminist bashing. I don’t. By the time my research expanded to MGTOWs (men going their own way), incels (involuntary celibates) and other narrowly defined groups, I grew more and more disturbed.
Most disturbing of all was that I agreed on some issues of these narrowly focused groups while categorically disagreeing with their mentality and overall philosophy. From what I gather, they harbor an intense hated or dislike for women. The misogyny takes the breath away. And the movements seem to keep growing. This is a serious societal problem.
It’s also a massive financial minefield. If you don’t think divorce, child support and alimony aren’t serious financial issues you need to review the world around you. Divorce can take half or more of your hard earned net worth. Child support payments are not deductible and divorces finalized after 2018 will find alimony payments non-deductible too. Men pay almost all child support and alimony payments and men also face a greater risk of losing their children in divorce. With these issues I agree. However, the MGTOW solution of a life devoid of intimacy is no solution at all. Treating women like a piece of meat doesn’t deserve any respect. Period.
The problems have grown acute in Western society. The line between intimacy and rape is blurred by the newscasts. (I am against all forms of violence against women. Don’t read this as a reluctance to protect women.) Men risk loss of freedom, property and future income when interpersonal relationships are involved. Roles have been reversed. Until the last 50 years or so, child birth was a serious risk. Women on average lived shorter lives than men due to death during child birth. Modern medicine has reduced this risk to background noise.
At the same time medicine reduced risk to pregnant women another development occurred: birth control. Birth control was sought after for eons. Ancient Romans and Greeks went to great lengths to enjoy sex and avoid pregnancy. By the 1960s medicine provided a reliable and safe way for women to take control of their reproductive choices.
Prior to the 1960s men had less risk. A man could deny involvement or disappear leaving the woman with a serious problem. Society judged women who had children outside marriage. Roles have reversed. DNA testing easily identifies the father of the child and society honors the strength of the single mother. Women have greater control over their reproductive choices and the medical risks of child birth no longer cause serious concerns.
Society has decided to reverse the risks and the consequences are growing. The stable structure of the family and marriage developed over vast periods of human history and worked extraordinarily well is being abandoned. The old system reduced violence (under the one man, one woman policy of marriage, it meant most men had female opportunity thus reducing violent tendencies), fostered community and provided a stable child rearing environment. But all wasn’t well. In many cultures men were deemed to own his wife and children. Women’s rights were muted, to say the least. Something had to change and it did.
Advice for Men, I Mean Women
A year before I ever heard of Jordan Peterson I was in Gainesville, Florida attending a small early retirement conference. I offered consulting sessions with all proceeds going to charity. (The National Special Olympics received the funds.) One of my consulting sessions was with a young female doctor. She amassed a sizable (seven figures) liquid net worth and was considering an interpersonal relationship, i.e. marriage. I quizzed her on her fiancé and quickly realized the advice she needed to hear: get a prenuptial agreement. Shortly afterwards I published on the topic.
She didn’t feel comfortable with my advice, but I convinced her of the importance of a prenuptial agreement in her situation. After her consulting session she joined the group back at the campfire while I started my next session.
The next morning I realized I caused a huge commotion. The lady I consulted took my advice to the group for their opinion. Opinions were strong on both sides, but it was eventually decided I was right. Whew!
I don’t want to make light of this important subject. Men with money are usually aware of gold diggers. Women who accumulate serious net worth aren’t always as cognizant of the male gold-diggers lurking about.
People reading this tend to be from the FIRE community. With a higher savings rate and net worth, these people need to take extra precautions. Not all women are gold diggers, but if you are a man with money, the gold diggers will be attracted to you. The opposite is just as true! Not all men are gold diggers, but women with money will attract the gold diggers.
Marriage is a legal contract between two people. You even go to the court house to get your document. There is nothing unromantic or disturbing about getting a marriage license so why are people so afraid, so offended by the requirement of a prenuptial agreement? Marriage is a wonderful institution. There should be societal and personal rules involved preserving the contract between the two parties.
Men avoid marriage today like the plague. The reasons are clear. Marriage is expensive and the “wife’s” day. Men come along for the ride. (This isn’t completely true, but women generally dictate how the wedding will be conducted.) This is NOT a bad thing! Historically marriage symbolized a bonding with intentions of bringing children into the world and as we’ve noted earlier, this was a risky proposition for the female. Also, marriage was the moment when the woman left her family to live with her husband. It was a major life event for the bride. Things have changed in recent times. Cohabiting prior to marriage is common. Child bearing has fewer medical risks.
Men view marriage differently. They now have an obligation. They have a wife to support. Oh, wait. That was historically. Today women freely enter the work force (a good thing) and have a large range of opportunities (another good thing). In the past the man provided shelter and food for the family. A man knew his worth. He provided and found satisfaction in knowing he was a good head of the household. Today men don’t find that satisfaction as much. The wife can earn and support herself just fine with or without him. It’s no longer a need, but a convenience to keep the man around.
This sounds horrible when I say it the way I did. MGTOWs make great fanfare over this. “Women,” they say, “no longer respect a man’s role. Women take advantage of men and use men.” I think this is a massive oversimplification of the facts.
I’ve been married for over 30 years (to the same woman). While Mrs. Accountant could find a job and support herself, there is something more satisfying to all parties involved to work as equals. Mrs. A doesn’t have to worry about the breadwinner getting sick or dying; serious issues in times past. She can enter into contracts should I become incapacitated or unavailable. I don’t own her! We are a team!
The rules have changed, no doubt. Identity politics have taken over. We can get mad, pointing to people with different political views. That doesn’t help. It’s not their fault; yours either. Society has changed radically and we are still searching for our sea legs. Birth control gave women control of their reproduction. This is arguably one of the most, if not the most, radical event in human history. It upset several hundred thousand years of human societal evolution.
All is not lost; at least I don’t believe it is. My relationship with my wife is powerful and growing. I can’t imagine life without her. She is not one of the rare unicorns MGTOWs talk about. She is a normal woman who had the great misfortune of being noticed by a crazy accountant. Our secret is we talk, respect each other’s opinions and space, communicate constantly our thoughts and share quality intimate time together. In short, we are growing old together, experiencing all the joys of life with our best friend, each other. There is no room for politics of any kind and certainly no room for hating women for whatever imagined reason.
Still, the problems remain. Child support and alimony hit men disproportionately hard. Divorce is a financial body blow sure to wound the strongest of us. Women file for around 70% of divorces. Men are disproportionately separated from their children. The new world order makes this possible and seems to many men punitive for the crime of loving a woman.
It doesn’t have to be this way. We can wait for society to change—don’t hold your breath—or you can take positive steps to create equality in the relationship where all parties win, especially the children.
Romance is alive and well!
Solutions to the Intractable Problems
Jordan Peterson tells us about what makes us tick; what men women are attracted to. He rarely talks about the financial issues involved.
MGTOWs and similar designations men use to identify themselves are not helping. Quitting society is an unworkable solution. Men, as much as women, need intimacy. In some ways I’m more passionate than Mrs. Accountant. She has the romance parts locked, but I love snuggling in. Yes, guys need (NEED!) touch, too. This is more than sex. Sex is a fun guttural act designed by nature to be really fun so little humans can be produced. Nature also created us to respond positively to closeness and touch; something that can be engaged in for much longer periods of times. A hug should never be a crime because it is such a basic need of humanity. That is why you must hug your significant other and kids every day. It’s the most powerful act I can think of. I personally give my parents (yes, even Dad Accountant) a hug every time I see them. The day will come soon when that opportunity will be lost forever. I’m not wasting a single opportunity.
Men must stop hating women! Misogyny is a vulgar display. Women are different from us, guys. I know. Different is good. (Actually, really, really good.) Women have a different worldview and biological history. The birth control pill doesn’t change millennia of evolution. It also takes time for society to adjust.
We can’t force society to change any faster. We can’t stop the craziness we see in the newsfeeds. The courts will continue to express bias against the men in child support and divorce proceedings.
The fear is real, guys. I understand. I’ve consulted with more clients on this than I care to count. If a guy cheats on his wife he ends up in divorce court and gets what he deserves. If the wife cheats, the guy ends up in divorce court and pays his wife (rewarding her) for her infidelity. Yes, I hear it all the time, but it doesn’t have to be this way. There is a better option.
I alluded to the solution about. Deciding to have children is different today. I hope we can agree on that much by now. Women (and men) have great control over reproductive choices which removes a lot of uncertainty in interpersonal relationships. This is a good thing. And as long as children can now be planned, doesn’t it make sense to lay down ground rules in advance? Deciding to have children is something men and women can both enjoy. Children are hard to raise while still such a joy to have. They are an endless blessing. If a prenuptial agreement can solve many problems before they occur, a child agreement—a legal and binding document—can protect both parents. Men (and women) no longer need to fear disenfranchisement from his children unless he poses harm to them.
A prenup might sound unromantic, but an agreement for having a child shouldn’t carry such weight. The act of creating the agreement will expose differences in child rearing ideology. Best to iron out those differences before a child is involved. Some of this can be handled in a prenuptial agreement. Each state is different so consult an attorney experienced in such matters.
Marriage is a contract and always has been. There is nothing wrong—and a lot right—with planning your marriage more than you plan the wedding. Remember, the wedding is a day; the marriage is a lifetime. A prenuptial agreement solves a lot of the problems MGTOWs complain about. A child agreement solves issues surrounding kids you have. No more blaming and hating women! My wife and daughters are awesome people. Never forget that.
Guys, women love a man with a plan. Coming to a relationship with an action plan is powerful. Women are still biologically wired to want a man who will support them. They tend to marry up. This is natural and normal due to historical standards. A plan can make you more desirable to women. And you have to put aside shyness and ask. If you see a woman you are interested in, ask her if she would like to join you for a cup of coffee. If she responds poorly you didn’t want to spend time with her anyway. There are lots of really good ladies out there. Really! Check out a Peterson video if you want to know and learn more of what women want.
Men, you should feel less stress about relationships! Not so long ago you carried a heavy burden. You worked the fields and mines (dangerous jobs) and if you got hurt or died your wife and children suffered horribly. Instead of the responsibility of carrying all the weight of supporting your family, you now have an equal, a partner. It’s better that way. Honest.
Note: If you haven’t read Jordan Peterson’s latest book you need to fix that ASAP. Normally I would say check it out at the library, but that isn’t good enough this time. Your copy of 12 Rules for Life: An Antidote to Chaos will be more worn than an evangelical’s Bible. You’ll refer to it that much.
Note: I understand this is a difficult and contentious topic. These are serious money issues people need to consider. Some of my personal opinions and biases developed over my lifetime I’m sure slipped in even though I tried hard to keep opinion out. Please use this as a starting point to think about the subject matter. I empathize with men dealing with the host of issues; I also empathize with women trying to make their way in this world. Both genders are working hard to figure it out. No vicious attacks in the comments. You can disagree with me, but treat other commentators with respect. Thank you.
More Wealth Building Resources
Personal Capital is an incredible tool to manage all your investments in one place. You can watch your net worth grow as you reach toward financial independence and beyond. Did I mention Personal Capital is free?
Side Hustle Selling tradelines yields a high return compared to time invested, as much as $1,000 per hour. The tradeline company I use is Tradeline Supply Company. Let Darren know you are from The Wealthy Accountant. Call 888-844-8910, email Darren@TradelineSupply.com or read my review.
Medi-Share is a low cost way to manage health care costs. As health insurance premiums continue to sky rocket, there is an alternative preserving the wealth of families all over America. Here is my review of Medi-Share and additional resources to bring health care under control in your household.
QuickBooks is a daily part of life in my office. Managing a business requires accurate books without wasting time. QuickBooks is an excellent tool for managing your business, rental properties, side hustle and personal finances.
A cost segregation study can save $100,000 for income property owners. Here is my review of how cost segregation studies work and how to get one yourself.
Amazon is a good way to control costs by comparison shopping. The cost of a product includes travel to the store. When you start a shopping trip to Amazon here it also supports this blog. Thank you very much!