I’ll take it a nutter butter bar further—-I’m not too keen on marriage, legal marriage itself. I have no intentions of marrying legally. At best a commitment ceremony with cake and music. But no filing of paperwork. Bluntly I have too much stuff that I don’t want entangled to every relationship I enter.
But i do believe that when I have a permanent spouse I will have to make provisions for them not only in my will but also in my interactions with them normally regarding money and property. I think it’s fair and honest to outline an allowance, transference of property should death occur (especially if there are children involved) and a settlement clause for each year of a relationship.
I have several assets and am constantly amassing more, I have to think about not just children and one or two relatives I want to transfer things to but what relationships might look like when I’m not longer around to administrate the resources. That in no way implies that I would be cheap or stingy, I’m not geared in that way to stuff once I’m dead and gone but I might want some level of management of distribution based upon maturity. Children getting inheritances over a staggered period of time, a spouse having several things built in for general life expenses and eventual retirement/older age (several thousands a year but the principal invested to something like a 401k or Index fund trust that they could start accessing at 60 after maybe 20 years of accruing.
I think this way because of not only my financial education but the lack of financial education I see a large swath of Black and Latino possess. This insane spend spend spend now mentality and the greed culprit against generational wealth, not planning for someone besides yourself—future generations and their potential needs—-propelling them forward without crippling them through indulgence.
That would look like tuition trusts, housing trusts, retirement trusts, etc. so that the next generation doesn’t start at Square 1 again—-which is the cause of social/racial/generational wealth gaps.
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Kyle Phoenix is a teacher, certified adult educator, sexologist, sex coach and sexuality educator with over two decades of intensive experience. He studied at the University at Buffalo, SUNY, New York University, and Columbia University. He has worked, consulted and taught individuals and focused professional developments for the CDC, Department of Education, Gay Men's Health Crisis, New York City Department of Health, non-profits, Fortune 500 companies and unions. He began his career facilitating on-campus workshops addressing a wide range of sexuality and sexual health issues and then moved on to teaching at universities, non-profits, private groups and clients, hosting The Kyle Phoenix Show on television and multiple online webinars, including YouTube and Sclipo and writing extensively through his blog, Special Reports, articles and other print and E books in the Kyle Phoenix Series on relationships, finance, education, spirituality and culture. He lives in New York with his family.
Smile, Kyle
KylePhoenixShow@Gmail.com
#KylePhoenix
#TheKylePhoenixShow
Kyle Phoenix on Facebook and TwitterThe Kyle Phoenix Show LIVE STREAMING on MNN.org 1130pm, Spectrum Cable Manhattan, NY Channel 56 & 1996, also FIOS 34 and RCN 83.
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Don't forget to watch The Kyle Phoenix Show LIVESTREAM on Channel 56 (Time Warner), 83 (RCN), 34 (Verizon) Thursdays 1130pm
Kyle Phoenix is a teacher, certified adult educator, sexologist, sex coach and sexuality educator with over two decades of intensive experience. He studied at the University at Buffalo, SUNY, New York University, and Columbia University. He has worked, consulted and taught individuals and focused professional developments for the CDC, Department of Education, Gay Men's Health Crisis, New York City Department of Health, non-profits, Fortune 500 companies and unions. He began his career facilitating on-campus workshops addressing a wide range of sexuality and sexual health issues and then moved on to teaching at universities, non-profits, private groups and clients, hosting The Kyle Phoenix Show on television and multiple online webinars, including YouTube and Sclipo and writing extensively through his blog, Special Reports, articles and other print and E books in the Kyle Phoenix Series on relationships, finance, education, spirituality and culture. He lives in New York with his family.
www.kylephoenix.com
Smile, Kyle
KylePhoenixShow@Gmail.com
KylePhoenixShow@Gmail.com
#KylePhoenix
#TheKylePhoenixShow
#TheKylePhoenixShow
Or Click Below to:
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