Hi there, Mrs. 1500 here.
First things first. It is time to announce the winners of the Berkshire Hathaway Rubber Duckie sets.
Berkshire has 9 letters in it, so the 9th unique comment was the winner of the first pair of ducks. Congratulations to Free Money Minute!
Duck haikus are hard
So I will just plead my case
Give me the damn ducks
Well pleaded, Erin. You have won the second set of ducks.
Please use the contact form to get me your address and I will get them mailed out this week.
Now back to our regularly scheduled post, Ask the Reader.
Last week, in honor of the $550 Million winning lottery ticket, I asked you what you would do if you held the winning ticket.
Answers varied, but most people wanted to pay off any debt, then either start their own business, donate to charity or fund scholarships. Funding start-ups a la Shark Tank (Dragon’s Den for my Canadian readers) was also a popular answer. Laurie from The Frugal Farmer wouldn’t even buy a Ferrari! (Mr. 1500 is a car fanatic, and if we held the winning ticket, I would have bought him one. Probably the single largest purchase we would have made…)
Mr. 1500 chimes in: No Ferrari. I would pick up a used Acura NSX. Cheaper and much easier to maintain. Seems a bit ridiculous to consider maintenance when you would have 100s of millions, but I’d still be under the car, wrenching it myself.
I asked if you would keep working, and many said yes, so they wouldn’t get bored. I would love to open a bakery. To not have to be successful would be awesome, because then I could bake whatever I wanted, and if it didn’t sell, oh well. I have $550 Million in the bank. What do I care? I love to bake, but if I have it at my house, I will eat all of it. In one day. Probably by noon. Not good.
JC @ Passive Income Pursuit spilled the beans by announcing he did not, in fact, hold the winning ticket.
I also asked you if you would remain anonymous if you could. That answer was overwhelmingly “YES!!!” (I remember reading about a couple who won a substantial amount of money in the lottery and announced they wanted to help people and for people to contact them if they needed money. They were inundated. I think they were the only ones who didn’t see that coming.)
Lots of people mentioned Shark Tank, and wanting to be a Shark or shark-like. I love that show, and would be happy to part with some of my $550 Million for a chance to invest in some of those ideas. I think the sharks have passed on a few really great products.
All of this doesn’t even come close to bringing us to this week’s question, but in lieu of a good segue, I will just jump into it. At what point in your new relationship do you bring up money?
Mr. 1500 and I just got back from our whirlwind Midwest road trip, with stops in Tennessee, Illinois, Wisconsin and Nebraska by way of Arkansas, Missouri and Iowa. In 10 days. With a 6- and 3-year-old. (If that sounds like fun, I am not explaining it right.)
Anyway, on our way through, we had dinner with Buck and Mrs. Buck of Bucking-The-Trend. (If you aren’t reading his blog yet, add it to your list.) For dinner, Buck cooked us Bobby Flay’s Cuban burgers and my mouth has never been happier! But I digress.
Our conversation turned to money (shocker!) and we started talking about relationships as they pertain to money.
The number one thing couples fight about is money. What that boils down to is that they have very different ideas about money. One spends more, one is thriftier. They each start to resent the other’s views on money. I have personally seen this numerous times among my family and friends, as I am sure you have.
At what point in your relationship do you discuss money, views on money, etc? While it isn’t first date material, how far down the path do you want to go, before you find out the person you have been dating is a spending fool or has massive debt or just doesn’t get it and isn’t willing to change? Wouldn’t it make more sense to discover after date 3 or 7 that his dream in life isn’t to retire early, but is to work for as long as he can, because he wants a designer wardrobe, new car every year, and that Christmas isn’t complete without a trip to Fiji?
Do you really want to wait until you “can’t live without her” to find out that she MUST try every restaurant in town, even if you live in New York City?
If you are in a long-term relationship, when did you first discuss money? If you are in a new relationship, when are you going to talk about it?
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