Author Topic: I'm FIRE, woman I'm talking to has student loans  (Read 7356 times)

anonneptune

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I'm FIRE, woman I'm talking to has student loans
« on: October 16, 2021, 09:03:57 PM »
I need to write my thoughts down to clear my head, so I figured I may as well share my situation here and I may learn some things.

I've been FIRE for four years, living frugally on $15k/year so my stache is still growing on its own.  (I could spend $30k with a 4% SWR.)  I've been working as a volunteer for causes I care about, and homesteading.

I've been dating this woman who I really like in so many ways (via phone/skype), and, I am concerned about her financial situation and am torn.  Last we talked I learned that she has a little under $100k in student loans.  She has a graduate degree and is working in her field but only making $40k at a nonprofit.  We're both 31.

She graduated at the beginning of covid and has been putting off paying the loans during covid (no interest accumulating yet).  She has said she doesn't like dealing with money (clearly), but is very frugal in her lifestyle and spends as little as possible (I know that can mean different things - I will find out).  I know that being on the same page about money is of crucial importance in a relationship.  I've been clear that I intend to continue to live very frugally and she seems down with that and could potentially work via the internet living here.  I could forgive someone's past financial mistakes if they're willing to deal with them.  It's not the debt itself that would be a dealbreaker -- if I found someone who I really believed was right for me I could handle that.  But if she can't take responsibility and try to address this, I think that will most likely mean she's not right for me.

I think I know what I need to do, and will do, next time we talk in a day or two, which is to first get the details:  Exactly what the debts are and the interest rates.  Exactly how much she's making, what spending/expenses she has that she could cut, and how much she has saved (she said she does have savings and no debt beyond the student loans).  Then I would help her, to the extent she's willing to do this with me, to make a financial plan for herself and see what it could look like for her to get out of this debt on her own.  I feel like this is the kind thing to do, and I will learn a lot about her quality as a potential partner, and if I do need to part ways, she'll be in a better position.

I've never dated anyone before to the point that we talked about whether they had debt.  Apparently there are over a million people in the US with >100k student loans which is wild, and 1/3 of young people have some amount of student debt.  I've never had debt, but my parents paid for my college (which cost $30k total) - she didn't have that luxury.. but she also chose to get a much more expensive degree.  I haven't really talked with people about student debt much - to me having 100k student loans seems insane.


So.  That's my mind today.  I'm sad.  :/  I've only known her a month, and until this came up I was very excited about her - never met anyone I clicked with in so many ways.  Part of me holds hope; she seems like a good, kind person.  But I'm wrestling with what this should tell me about her character.  Ideologically, I wish money didn't exist, and I'm sympathetic to someone who's naive about money.  I can easily imagine how a good person can get into a financial mess, and still be a good, worthy person.  Being rich is not important to me - I'd rather be poor in money and rich in time and love.  Part of me romanticizes the idea of taking on this challenge with her.  But.. I think this is about whether she is a responsible person -- I think I just won't be attracted to her if I feel that she's irresponsible.  How she handles the conversations to come will no doubt give me a much better sense of whether I want to be with her.

Not sure what I'm asking exactly.. I think I mainly needed to write my thoughts out.  But I would welcome your thoughts, or words of wisdom.
« Last Edit: October 19, 2021, 07:28:05 PM by anonneptune »

Sibley

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #1 on: October 16, 2021, 09:22:23 PM »
Pretend the debt wasn't there. What do you see from her as regards to dealing with all the unpleasant tasks in life? Someone who is ignorant about finances and thus avoids them may be perfectly ok once they get some understanding and comfort level. But someone who avoids all the tough stuff isn't going to change without some work on themselves.

Cassie

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #2 on: October 17, 2021, 01:46:10 AM »
It’s too early in the relationship for you to get so much information about her finances. Does dating by Skype, etc mean you haven’t been dating in person?

Cranky

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #3 on: October 17, 2021, 05:33:09 AM »
I don’t think you know this person well enough to be planning a whole future together yet. And in her position I’d be pretty darned turned off by someone who wanted to inspect my finances after knowing me for a month.

While people can certainly be hobbled by student loan debt, I don’t see it as being irresponsible in the same way that the equivalent amount of credit card debt or gambling debt would be.

herbgeek

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #4 on: October 17, 2021, 05:54:42 AM »
I would very quickly run away from someone, who after only  a month, wants to run my financial life.  Has she expressed a problem and asked for your help?  Or do you think somehow you know better than she does for how she should be running her own life?  I would perceive someone who asked me such personal detail, so early before any commitment has been made to be super controlling and a serious red flag for me.

Steeze

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #5 on: October 17, 2021, 06:38:10 AM »
I would say relax until you are considering marriage. You can still have a lot of good times without getting in the weeds about student loans, and chances are you date for a year or two and move on. Why kill the good times early? Enjoy her while you got her. If she’s the one then 100k is fine. If not then no harm no foul.

FWIW I had 100k in student loans and turned out alright. I save more than that every year now. Still plan on retiring by 40. DW took a risk, but her bet has paid off.

Just_Me

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #6 on: October 17, 2021, 06:57:00 AM »
I had close to 6 figures in student debt. It's easy money when you're in the system, especially when you're chasing an advanced degree. The slog is when you're out. DW had no loans because her parents paid and it freaked her out that I had so much when we were dating. Fortunately I ended up here and found a plan for addressing it well before the repayment schedule dictated.

As Sibley mentioned, the idea of habits and patterns is a good way to look at it. Are they headed the right or wrong direction with choices and do they show the ability to put in mental work?

I shook my head 100% in agreement with herbgeek and Cranky on GTFOing if somebody dove in on my finances after a month like you're talking.

You two are in two completely different financial spots in life, which is challenging. Does she know you are retired? She may not enjoy working while you are not, so that could complicate it. Living on ~$15k a year may not be ideal for her either, so are you willing to adapt?

It seems you are still virtual and early in a relationship. My suggestion is to write this down as an item on the checklist as something to address as you progress through the relationship but before being committed to cohabitation or whatever if it ever gets there. It seems like you both enjoy the relationship, so don't throw in an early obstacle that is untimely.

ixtap

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #7 on: October 17, 2021, 08:19:48 AM »
It sounds like your end goal is to maintain exactly what you have and expect her to meet you where you are.

Don't go trying to closely inspect her life and make big changes until you have identified what you are willing to change and/or learn from her. The whole Pygmalion thing doesn't generally work out that well.

scantee

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #8 on: October 17, 2021, 08:50:57 AM »
You are getting way ahead of yourself. You barely know this woman. You’ve only known her for a month and if I’m understanding correctly you’ve never even met? Focus on getting to know her first. Just enjoy your time with this person without spiraling out a potential future with her you have no idea will happen. In like 6 to 12 months if you’re still together and both of you are considering a long term future then broach this subject with her and offer to provide guidance.

Dee18

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #9 on: October 17, 2021, 08:55:12 AM »
I weigh in on the side of "it's too early to discuss finances,"  but for the future keep in mind that she might qualify for federal loan forgiveness since she works in a public interest job.

secondcor521

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #10 on: October 17, 2021, 08:56:46 AM »
You talk about character and her taking responsibility for her debt, and these are good things for her to have and do.  And it'd be important to find out about those things, since they're obviously important to you.  So find out about those things, not the interest rate, payments, budget, and all that stuff.

When you talk about finding out all the details, you really sound like you're trying to fix her and control her.  This is not healthy from a relationship point of view, and also generally unattractive behavior, regardless of how long you have known them.  If you tried it anyway and she let you, then it would prevent her from taking responsibility, which is something you said you wanted to see, so in a way you'd be sabotaging your relationship with her.

It sounds to me like you've already judged her and lost respect for her because of this issue.  Which is sad, because it could be a premature judgment.

MudPuppy

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #11 on: October 17, 2021, 09:31:41 AM »
While I think you would need to be considering cohabitation before you are in a position to deep dive or offer more than (solicited) advice, I don’t think it’s unreasonable to be aware of what your qualifications for a long term mate would be. Keep it to yourself for now unless asked, but not out of line to be thinking of it.

As far as the amount of her debt, I think it’s too soon to be alarmed about her student debt. If she’s naturally financially prudent, she will begin paying them off as aggressively as her income allows after this grace period has ended.

mistymoney

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #12 on: October 17, 2021, 09:41:52 AM »
What are her red flags and deal breakers?

After a month of skype dating, this deep dive into her financials might be one of them.

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #13 on: October 17, 2021, 09:44:21 AM »
I've been dating this woman who I really like in so many ways (via phone/skype), and, I am concerned about her financial situation and am torn.  Last we talked I learned that she has a little under $100k in student loans.  She has a graduate degree and is working in her field but only making $40k at a nonprofit.  We're both 31.

She graduated at the beginning of covid and has been putting off paying the loans during covid (no interest accumulating yet).  She has said she doesn't like dealing with money (clearly), but is very frugal in her lifestyle and spends as little as possible (I know that can mean different things - I will find out).
Have you met in person?  Do you plan to meet in person?

I think you've made positive and negative assumptions, and might be relying on assumptions since you don't have experience doing things with her.  Like you mention, you don't know what frugal means to her until you see for yourself.

I would not ask her details of every loan and interest rate she has - that's rather invasive after knowing you a month.  You don't need that level of detail to see if she's irresponsible to an extent you can't tolerate.  You might ask about paying off credit cards in full, or keeping a balance each month.  Did she buy an expensive new car, or something she could afford?

Rather that treat this as an ultimatum, maybe you should treat this as an area that concerns you, and tell her it concerns you.  Make sure she knows there's some negatives you're considering.  Then, maybe several days or phone calls later, if you're not convinced, you might tell her your concerns mean it wouldn't work for you.  That way she knows there's a problem and can try to discuss it with you, rather than just making a sudden decision to end things.

Frankies Girl

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #14 on: October 17, 2021, 09:49:23 AM »
Agree with the others. Too soon to really be asking for details about money/debt. You have a general idea, it's a concern, but you haven't even met yet? Just skype/online interactions?

In many cases, most people really don't have a clue about how to manage money or that debt is an option, let alone that investing and having your money work for you instead of the other way round is possible. She may be open and excited to the idea, or she may think you're crazy at that point, but definitely need more time and get to know each other better before opening up the convo in that direction.

Maybe time to do some in person meeting, see how you really click, what things she enjoys doing and if they are similar to your hobbies/ideas of fun. If she's spendy, that is going to come out the more you hang out together. You visit her place, she visits yours, see how she lives, etc.

If you're still dating in 6 months and it is more serious, then ask about money and goals. Talk about yours, ask about hers.

You don't have to be sad about things that haven't yet happened or if this relationship doesn't end up being a forever one. Enjoy the time getting to know her and having a connection NOW. Don't ignore anything that comes up, but don't go borrowing trouble because you're so eager to make this work out long term.
« Last Edit: October 17, 2021, 09:52:03 AM by Frankies Girl »

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #15 on: October 17, 2021, 10:05:32 AM »
If this person is currently working for a public sector organisation isn't she able to get onto a student loan debt forgiveness programme?  Maybe if she has the right sort of debts? The sort that takes 10 years of work and then all debts are forgiven?  Is there a reason she's not doing that?

Also, why has she only just graduated at 30?

You seem yourself to be a hardworking and responsible person as well as a frugal one.  If this woman is also hardworking and responsible that could be a good basis for getting together - homesteading is hard and responsible work, so I think those two qualities are going to be indispensible in anyone you find.   (They are also qualities that are hard to fake in the long term.)  I do think that someone can have those qualities while also being in debt, for instance through lack of information or lack of other forms of support or lack of education about money.  Or she may be able to go on the IBR scheme or have some other plan, or just not needed to think about it yet because of pandemic forbearance.   I don't think the existence of the debt by itself is determinative of her character, and it's her character you need to be judging, not the debt.

Metalcat

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #16 on: October 17, 2021, 10:13:12 AM »
K...I'm going to be a little harsh here, but it's not coming from a judgemental place, so I hope you don't get defensive and really take in what I'm about to day.

First things first, you need to SERIOUSLY adjust your attitude.
This woman has done nothing that requires your forgiveness, and holding the attitude that you are somehow better than her because you are FIREd and seeing her as somehow inferior because she has made different life choices is a toxic way to perceive her.

Okay, super harsh part over. Now let me expand so that you can see where I'm not actually being judgemental, that is if you are still reading this and not seeing red. Bear with me, I'm about to totally validate your feelings.

Now, you are 100% entitled to not want to date women who aren't great with money and who don't have giant fuck-tonnes of debt. It doesn't make you an asshole to not want that baggage in your life. I am NOT judging you for that preference, I would have the exact same preference in your situation.

However, that preference is no different than any other preference. You could prefer women who are into certain sports, or women who have a certain level of education, or women who hold certain religious beliefs, or women who play video games, or women who like dogs, or women who are vegan, or women who want or don't want kids...you get the idea.

The point is that a woman not sharing your priorities does not make her inferior to you, it just means she might not be compatible with you. She might be perfect for someone else.

Your job when dating is to figure out if this person is compatible, not if they're "good enough". Her debt might be a turn off for you, but might be absolutely no problem for other men of substance who have more similar priorities to her.

Who knows, your ultra frugality might not be her cup of tea. It works both ways, and there's nothing wrong with either of you if you aren't each other's taste.

So take the time to get to know her, you obviously see some level of compatibility. Don't go into it with the aim of fixing her, go into it with the aim of seeing if there is a common ground for the two of you.

Who knows, perhaps if you share your financial perspectives she may become wildly inspired and you two may end up on the exact same financial page and over time develop a shared path forward that works for both of you.

Or maybe not. The chances are in favour of that not working out, because whenever you date someone new the chances are in favour of it not working out. So it's not the end of the world if you two lack ideal compatibility. That is a perfectly acceptable and respectable outcome.

Always approach dating from a position of respect and curiosity. Respect the other person FIRST, and then take a curious interest in whether or not they can be compatible with your needs and lifestyle.

So I circle back. This woman has done NOTHING that requires your forgiveness. She's a grown ass woman figuring out her own grown ass woman life. She has no obligation to be the kind of person you want to settle down with.

anonneptune

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #17 on: October 17, 2021, 10:30:51 AM »
Wow, thank you all for your advice and insights. 

I had been feeling some "run away" energy, because debt is something I'm not used to and have always avoided - so it made me panic a bit and want to immediately figure it out.  I will try to relax and let things move more slowly.

You're right, it's not appropriate for me to dig into her financial situation in detail, and I can get the sense I need of her responsibility and character, without doing that.   She seemed a little bewildered about her debt and had offered to look at it with me so I thought I could help her understand it, but that may not be a good idea right now. 

We had been talking about a possible future together, which is why we got here so fast.  I think I'm prone to rushing, but also I don't like the idea of stringing someone along if it's not really going to work out.  My approach has been, if one is looking for a long term partner and not just a fling, why not look at all the big things early before you develop too much love and bonding, so that if it's not going to work long term, you can let go more easily?  Maybe this leads to jumping to conclusions based on the wrong things, and maybe y'all are right that it's better to get to know someone slowly before talking about a future.  Part of me feels it would feel silly to date someone for months and months without determining compatibility on important things, and then find out.  But maybe you're saying it's better to learn those things gradually without pressure, and spend most of the time on fun things.  I don't know.  There's no perfect answer, but I've got a lot to learn.

What concerns me that I should have mentioned, is that she had already been thinking of leaving her job soon to travel before we met, and so we were thinking she could travel to where I am as the first step of that.  I assumed that she was in a financial position to do that, and thought, great, why not?  But to me, thinking of quitting a job and traveling when one has that much debt - that's what concerns me most.

I will slow down and take time to think about this.  She's planning to fly here in a month which is when we'd first meet in person.

Malcat - you're right, I should not have used the word forgive -- more like, be comfortable with.  But you're also right that I need to stay in a place of respect and curiosity.  Rereading that paragraph I wrote this morning, I realize I sound rather arrogant and selfish.  It's true I want to find someone compatible with the way I want to live.  Of course I know that getting into a committed relationship will mean I'll have to change the way I live in many ways, potentially in drastic and painful ways eventually, for the sake of the relationship.  But I'm still looking for someone who seems compatible at the outset.

Quote
It sounds to me like you've already judged her and lost respect for her because of this issue.  Which is sad, because it could be a premature judgment.
Thank you for saying that secondcor521 - I think I did let my mind run into premature judgment, and I'm feeling more open today. 

ixtap - thank you, I think you're right that there's some of that going on.  I love the life I've been blessed to have in many ways, and would love to find someone who wants to join me in it.  For example, I don't want to live in a city.  If I was committed to someone and then needed to move to a city to stay with them, the commitment would obviously take priority over my preferences and I'd do it - but that's something I want to avoid to the extent possible by finding someone who wants a life like mine.  But I must realize that being with anyone will change my life in drastic ways, and it might be worth it - to stay open minded.
« Last Edit: October 17, 2021, 11:33:56 AM by anonneptune »

cannotWAIT

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #18 on: October 17, 2021, 10:40:00 AM »
You're aware that you can have a romantic relationship without getting financially entangled with someone, right?

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #19 on: October 17, 2021, 11:17:33 AM »
Wow, thank you all for your advice and insights.

You're right, it's not appropriate for me to dig into her financial situation in detail, and I can get the sense I need of her responsibility and character, without doing that.   She seemed a little bewildered about her debt and had offered to look at it with me so I thought I could help her understand it, but that may not be a good idea right now. 

We had been talking about a possible future together, which is why we got here so fast.  I think I'm prone to rushing, but also I don't like the idea of stringing someone along if it's not really going to work out.  My approach has been, if one is looking for a long term partner and not just a fling, why not look at all the big things early before you develop too much love and bonding, so that if it's not going to work long term, you can let go more easily?  Maybe this leads to jumping to conclusions based on the wrong things, and maybe y'all are right that it's better to get to know someone slowly before talking about a future.  Part of me feels it would feel silly to date someone for months and months without determining compatibility on important things, and then find out.  But maybe you're saying it's better to learn those things gradually without pressure, and spend most of the time on fun things.  I don't know.  There's no perfect answer, but I've got a lot to learn.

What concerns me that I should have mentioned, is that she had already been thinking of leaving her job soon to travel before we met, and so we were thinking she could travel to where I am as the first step of that.  I assumed that she was in a financial position to do that, and thought, great, why not?  But to me, thinking of quitting a job and traveling when one has that much debt - that's what concerns me most.

I will slow down and take time to think about this.  She's planning to fly here in a month which is when we'd first meet in person.

Malcat - you're right, I should not have used the word forgive -- more like, be comfortable with.  But you're also right that I need to stay in a place of respect and curiosity.

I personally have always addressed personal finance immediately when dating because I didn't like wasting either my or their time.

So I don't necessarily agree with people who say it's too soon to talk about finance. It's just a personal approach that has its pros and cons.

I'm someone who gets deep into people's personal shit within minutes of talking to them though, it's just a natural thing that I do, and people often slip very easily into telling me their personal stuff very quickly, so talking about personal finance was probably the least invasive thing I used to talk about on first dates.

And I very much enjoyed dating, and had several excellent long term relationships with very cool people, and have been very happily married for 6 years. Getting deep quickly never worked against me, so I don't default to assuming that that's a problem for you. It might be, but it might not be.

There's nothing fundamentally wrong with approaching dating the way you are, that's not the problem here. The problem is when you don't make allowances for people to be who they are and hold it against them when they aren't what you want.

It sounds like you are trying to make her into what you want her to be, not discover in earnest who she is. There's nothing wrong with being the kind of person who gets serious quickly, as long as you go into it accepting that most people won't likely be the someone who you should quickly be serious with.

Go ahead and get to know people deeply and quickly, but don't hold it against them when you quickly find something that might not be compatible.

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #20 on: October 17, 2021, 11:46:21 AM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

Metalcat

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #21 on: October 17, 2021, 11:50:43 AM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

A lot of people keep bringing this up, but it's really kind of irrelevant at this stage because it's her business, not his.

This would kind of be like him coming here and saying he's been talking to a woman with chronic health issues and is concerned about a future with her, and then we all started offering advice like "has she tried yoga?"

She's a grown ass woman, it's her responsibility to figure out her own shit. If she ever comes to OP and asks for his input, only at that point should he reach out to anyone for input as to how this autonomous woman might handle her personal life.

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #22 on: October 17, 2021, 12:19:51 PM »
I just wanted to chime in and say…. I love that this is the kind of forum that can call out (potentially controlling and controlling) behavior while also seeking to help someone be better.

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #23 on: October 17, 2021, 12:53:09 PM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

A lot of people keep bringing this up, but it's really kind of irrelevant at this stage because it's her business, not his.

This would kind of be like him coming here and saying he's been talking to a woman with chronic health issues and is concerned about a future with her, and then we all started offering advice like "has she tried yoga?"

She's a grown ass woman, it's her responsibility to figure out her own shit. If she ever comes to OP and asks for his input, only at that point should he reach out to anyone for input as to how this autonomous woman might handle her personal life.

That's a bit strong of a response. I just meant maybe a mention of it like I would with any stranger/acquaintance.

"Man, I want to travel, but my student debt is killing me."

"I'm sorry to hear that. Hey, didn't you mention that you worked for a non-profit?"

"Yeah, why?"

"I think there's a possibility that you might qualify for student loan forgiveness through a federal program since you've worked at a non-profit for several years. Anyways, might be worth looking into."

"Cool, yeah, I might do that"

That's all I meant. Nothing more than a thought or possibility, and then not bringing it up again unless they do. Not trying to probe into her finances or force her into a particular decision.

Gronnie

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #24 on: October 17, 2021, 01:07:56 PM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

A lot of people keep bringing this up, but it's really kind of irrelevant at this stage because it's her business, not his.

This would kind of be like him coming here and saying he's been talking to a woman with chronic health issues and is concerned about a future with her, and then we all started offering advice like "has she tried yoga?"

She's a grown ass woman, it's her responsibility to figure out her own shit. If she ever comes to OP and asks for his input, only at that point should he reach out to anyone for input as to how this autonomous woman might handle her personal life.

Did you miss the part where OP stated she had brought it up and had at least somewhat asked for some input?

former player

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #25 on: October 17, 2021, 01:19:29 PM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

A lot of people keep bringing this up, but it's really kind of irrelevant at this stage because it's her business, not his.

This would kind of be like him coming here and saying he's been talking to a woman with chronic health issues and is concerned about a future with her, and then we all started offering advice like "has she tried yoga?"

She's a grown ass woman, it's her responsibility to figure out her own shit. If she ever comes to OP and asks for his input, only at that point should he reach out to anyone for input as to how this autonomous woman might handle her personal life.
I'm not sure what stage you think they are at?  Granted, on the one hand they've only been talking for a month and not met in person yet.  On the other hand she's already talking about giving up her job and going to stay with OP, possibly permanently and perhaps finding work remotely from his home.  Anyone potentially moving into my home with big debts and no job I'm going to make it my business to know what their plans are other than hoping I'll provide free board and lodging and pay their debts for them.

maizefolk

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #26 on: October 17, 2021, 01:21:30 PM »
Also, why has she only just graduated at 30?

Depending on the postgraduate degree in question that might not be atypical. If they are both 31 now and she had only just graduated at the beginning of covid that puts her graduation at (probably) 29. There are an unfortunately large number of PhD programs in the more humanities/social space where someone might be a student for seven years, probably subsisting on TAships while student loans accumulate interest and/or pulling out additional student loans to make ends meet. 
Graduate HS at 18, BA/BS 18-22, PhD 22-29.

Alternatively, there are lots of masters programs that are marketed to people who have been in the workforce for a few years and are feeling discouraged by lack of advancement potential and/or the lack of a feeling of satisfaction from their work. A lot of them seem to feed their graduates into the non-profit space where people work longer hours under more demanding conditions, often not for particularly more pay, but with the feeling/argument that they are now making a difference in the world. These sorts of programs also tend to charge tuition rather than support students on Teaching Assistant or Research Assistant lines, which would be one way to rack up even more student debt.
Graduate HS at 18, BA/BS 18-22, office work and existential angst 22-25, MS 27-29.

Metalcat

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #27 on: October 17, 2021, 01:23:28 PM »
I think what Malcat has said is spot on.

From a slightly different perspective, has she looked into the potential of loan forgiveness? You said that she works for a non-profit, so I imagine that she has 4-6 years of working for them? If she continues working for another 5 years or so, she might qualify for loan forgiveness. It might be the motivation she needs to not quit her job and keep making regular payments.

However, the loan forgiveness program has had a lot of issues in the past decade. There's some mumbling about Biden potentially trying to stream line the process though, so it might be worth waiting 9-12 months to see what Biden's plans are with student loans.

A lot of people keep bringing this up, but it's really kind of irrelevant at this stage because it's her business, not his.

This would kind of be like him coming here and saying he's been talking to a woman with chronic health issues and is concerned about a future with her, and then we all started offering advice like "has she tried yoga?"

She's a grown ass woman, it's her responsibility to figure out her own shit. If she ever comes to OP and asks for his input, only at that point should he reach out to anyone for input as to how this autonomous woman might handle her personal life.

That's a bit strong of a response. I just meant maybe a mention of it like I would with any stranger/acquaintance.

"Man, I want to travel, but my student debt is killing me."

"I'm sorry to hear that. Hey, didn't you mention that you worked for a non-profit?"

"Yeah, why?"

"I think there's a possibility that you might qualify for student loan forgiveness through a federal program since you've worked at a non-profit for several years. Anyways, might be worth looking into."

"Cool, yeah, I might do that"

That's all I meant. Nothing more than a thought or possibility, and then not bringing it up again unless they do. Not trying to probe into her finances or force her into a particular decision.

To be clear, I wasn't criticizing you for offering the advice, I was framing it for him that unless she's asking him to get really involved in solving her problems, that advice from strangers from the internet isn't really appropriate.

I'm framing a boundary for OP to try and keep in mind, not shitting on anyone for trying to help. But I can see how it would read that way.

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #28 on: October 17, 2021, 06:38:03 PM »
@anonneptune,

I haven't read all of the responses in depth and have no input for your question.  I just wanted to pop in and say how much I appreciate your followup post.  Its hard to put yourself out there and receive feedback that's predominately critical.  I was very impressed with your lack of defensiveness and your willingness to reflect on and reconsider your original perspective.  Well done.

Good luck to you!

darknight

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #29 on: October 17, 2021, 07:46:47 PM »
OP.. i'm just older than you, been married for more than a decade and she's my highschool sweetheart. We've been up and down financially and it wasn't until the last couple years have been learning how to save etc..
I'd recommend you put your financial concerns on the furthest backburner you can find. It's an important topic certainly but you need to figure yourselves out together. She's maybe on another forum right now asking what to think about a retired 31 yr old who lives on an exact budget month to month or concerned with how you might provide/maybe parent etc with such exactness in money.

Spend some time with the person before the conversation about money. If you are actually compatible, the finances will work out.

Metalcat

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #30 on: October 17, 2021, 09:58:16 PM »
OP.. i'm just older than you, been married for more than a decade and she's my highschool sweetheart. We've been up and down financially and it wasn't until the last couple years have been learning how to save etc..
I'd recommend you put your financial concerns on the furthest backburner you can find. It's an important topic certainly but you need to figure yourselves out together. She's maybe on another forum right now asking what to think about a retired 31 yr old who lives on an exact budget month to month or concerned with how you might provide/maybe parent etc with such exactness in money.

Spend some time with the person before the conversation about money. If you are actually compatible, the finances will work out.

I don't necessarily agree with this at all.
I'm not saying you're wrong, I'm saying that this was the opposite of my personal approach, and I think that it really depends on the person.

For some people financial matters aren't necessary for compatibility, for others they are. For some couples it makes sense for them to build their financial priorities together, such as when you marry your highschool sweetheart and you are essentially growing up together.

However, it may be a different matter when someone is already established and already set in a very distinctive set of financial priorities.

Last I was single, I had very specific compatibility needs for financial attitudes and goals. It just made sense to address that early on. The same I always addressed early on that I absolutely did not want kids.

FTR, the conversation was always natural, comfortable, and even the people who clearly weren't financially compatible would say that it was refreshing to openly talk about, because they were grateful that we weren't about to waste each other's time just because we clicked on less important compatibility factors.

Sometimes the finances can just "work out", but sometimes they can't. I personally would rather know than waste months avoiding the subject just because we have a similar sense of humour and both like swimming.

startingsmall

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #31 on: October 18, 2021, 06:58:47 AM »
I don't think that $100k in student loan debt indicates anything bad about her. Maybe my perceptions are just skewed... I'm in a field where the average student loan debt is close to $200k, although our starting salaries are also roughly twice what your friend is making. It does make me do a double-take that she's talking about taking time off work to travel when she's just starting out in her career, but the amount of debt doesn't seem that significant to me.

However, I also agree that you're allowed to choose whatever "deal breakers" you want. No one else needs to agree with those - you can literally select any criteria that you want. I'd just be aware that doing that will significantly decrease the size of your dating pool, which may or may not be an issue to you.

ixtap

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #32 on: October 18, 2021, 08:53:09 AM »


Last I was single, I had very specific compatibility needs for
FTR, the conversation was always natural, comfortable, and even the people who clearly weren't financially compatible would say that it was refreshing to openly talk about, because they were grateful that we weren't about to waste each other's time just because we clicked on less important compatibility factors.


The difference is, OP's question was how do I fix this, which isn't an attitude that lends itself to natural and comfortable.

Metalcat

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #33 on: October 18, 2021, 09:02:26 AM »


Last I was single, I had very specific compatibility needs for
FTR, the conversation was always natural, comfortable, and even the people who clearly weren't financially compatible would say that it was refreshing to openly talk about, because they were grateful that we weren't about to waste each other's time just because we clicked on less important compatibility factors.


The difference is, OP's question was how do I fix this, which isn't an attitude that lends itself to natural and comfortable.

Oh, I agree. I wasn't making that comment about OP, I was responding to the person who said that these topics shouldn't be discussed early.

My point is that they *can* be, if done properly.

hiker_girl

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #34 on: October 18, 2021, 06:23:16 PM »
Since she works in the non-profit sector, she may be eligible for public service loan forgiveness in the future. In fact, the year and a half since covid started may even count towards that 10-year period depending on her situation. Agree with the others that finances are just a part of assessing your compatibility.

ixtap

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #35 on: October 18, 2021, 06:26:49 PM »


Last I was single, I had very specific compatibility needs for
FTR, the conversation was always natural, comfortable, and even the people who clearly weren't financially compatible would say that it was refreshing to openly talk about, because they were grateful that we weren't about to waste each other's time just because we clicked on less important compatibility factors.


The difference is, OP's question was how do I fix this, which isn't an attitude that lends itself to natural and comfortable.

Oh, I agree. I wasn't making that comment about OP, I was responding to the person who said that these topics shouldn't be discussed early.

My point is that they *can* be, if done properly.

I think you and I are on the same page, just making sure that we were being crystal clear in the midst of this meandering thread!

CrustyBadger

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #36 on: October 18, 2021, 09:55:13 PM »
anonneptune, I think this isn't a woman you should be cautious about getting involved with.  In particular, I recommend you make it clear that if she wants to come to your town, that's cool and you'd be happy to see her, but do not have her stay at your place. Whatever arrangements she makes for living are her own to deal with.
Whether you are dating or romantically involved, or just friends.

This is what I am seeing.   This woman graduated from her advanced degree program "in COVID times" meaning less than 2 years ago.  She's got $100,000 in student loan debt she hasn't started paying down yet.

She says she is bewildered by her debt,  and she isn't very good with money. She has been working at a job for fewer than 2 years, earning just $40,000, and before even "meeting" you online, had decided she wanted to QUIT the job she barely even has had, and wants to travel. (Using what funds? Credit cards?)

Now she has met you online, and is thinking it'd be nice to quit her job, and start her traveling by heading to where you live?   And after just chatting online a month you guys are talking about a future together?

I think you are right to be concerned.  She may be an absolutely wonderful person, but there are some big red flags here.   I would make it clear to her that you'd love to see her in person, but you want to take things slow and want her to get her own space to stay in when she comes to visit (hotel, stay with friends, Air B and B. -- whatever.)


lifeandlimb

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #37 on: October 19, 2021, 08:35:25 AM »
@anonneptune , your reply seems thoughtful and open-minded. It seems like your concerns have as much to do with her decision-making capabilities as her financial state, which is understandable. Student loans aren't as bad as credit card debt, but quitting your job to travel while in debt could be unwise. Ultimately, if a couple hopes to be compatible for the long term, then having similar values is more important than sharing all the same interests and background.

Maybe she's trying to escape a toxic workplace. Maybe she wanted to quit her job and travel in order to figure out what she wants to do next, or take advantage of the temporary no-interest period on her loans. It's also possible that she is completely impulsive, has terrible decision-making skills, and has no plans for her future. But either way, it's difficult to explore someone's character without quality in-person time. So take the time to meet, get to know each other better, and enjoy each other's company.

I understand that you don't want to waste time, but be wary not to shoulder responsibility for a set of decisions that are hers to make. Feel free to make suggestions or offer advice, but let her figure out her own life. Watching couples around me over the years, I've learned that when one person wants the other to change, it's a surefire way to relationship failure or unhappiness.

TLDR, take it slow and get to know her, let her be her own self.

fixie

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #38 on: October 19, 2021, 09:40:51 AM »
You sound like a fantastic person and a fine man.  I think it is safe to move forward with your plan with the following things in mind:
If I was asked to give only one line of advice to a young man, this would be it:  Always listen to your instincts.  As a man, you must protect yourself, your well-being, and your assets.  Like it or lump it, if you were to co-habitate or marry this woman, you would inherit her debt and her problems.  If you were to have a child with her, you would most-likely lose in court in most states in the US, have alimony and/or child-support, not to mention the emotional pain and loss of a "failed" relationship.
Being honorable, kind, generous etc. means nothing to the law when it comes to what a woman can take from him when a relationship ends.  That's not cynical, just true.
It has only been a month, so taking it slow and cautious is the right course.  Before you co-habitate, protect your assets through a trust perhaps, and also write up a contract with the help of a lawyer that puts everything on the table.  Something you both sign and understand.
ANY woman/partner worth your precious time on this earth will accept a thoughtful, well written document that spells it all out at the beginning. 
OK here is the cynical part:  Many women feel entitled to what you own, and will take it, given the chance.
Congrats on a potential new, rewarding relationship with a good woman.  Protect yourself anyway.  Eyes open sir!

-fixie


Anon-E-Mouze

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #39 on: October 19, 2021, 10:21:41 AM »
You sound like a fantastic person and a fine man.  I think it is safe to move forward with your plan with the following things in mind:
If I was asked to give only one line of advice to a young man, this would be it:  Always listen to your instincts.  As a man, you must protect yourself, your well-being, and your assets.  Like it or lump it, if you were to co-habitate or marry this woman, you would inherit her debt and her problems.  If you were to have a child with her, you would most-likely lose in court in most states in the US, have alimony and/or child-support, not to mention the emotional pain and loss of a "failed" relationship.
Being honorable, kind, generous etc. means nothing to the law when it comes to what a woman can take from him when a relationship ends.  That's not cynical, just true.
It has only been a month, so taking it slow and cautious is the right course.  Before you co-habitate, protect your assets through a trust perhaps, and also write up a contract with the help of a lawyer that puts everything on the table.  Something you both sign and understand.
ANY woman/partner worth your precious time on this earth will accept a thoughtful, well written document that spells it all out at the beginning. 
OK here is the cynical part:  Many women feel entitled to what you own, and will take it, given the chance.
Congrats on a potential new, rewarding relationship with a good woman.  Protect yourself anyway.  Eyes open sir!

-fixie

Wow. Sexist, much?

The OP might want to get their advice from someone living in the 21st century.

MudPuppy

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #40 on: October 19, 2021, 10:42:03 AM »

lhamo

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #41 on: October 19, 2021, 10:42:43 AM »
Would you consider going to visit her first?  Preferably while she still has her job/before she makes any dramatic changes to her life or work situation.  Get an airbnb for a week or two and see how things go.  If you both still feel it is worth pursuing, perhaps you plan a trip somewhere -- see how she handles the finances and logistics of that before you have her come to your part of the world.  Then if things ultimately don't work out at least there is less risk of a "but I gave up everything to be with YOUUUUUU...." kind of response.

maizefolk

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #42 on: October 19, 2021, 10:52:09 AM »
Would you consider going to visit her first?  Preferably while she still has her job/before she makes any dramatic changes to her life or work situation.  Get an airbnb for a week or two and see how things go.  If you both still feel it is worth pursuing, perhaps you plan a trip somewhere -- see how she handles the finances and logistics of that before you have her come to your part of the world.  Then if things ultimately don't work out at least there is less risk of a "but I gave up everything to be with YOUUUUUU...." kind of response.

This seems like wise advice to me.

Villanelle

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #43 on: October 19, 2021, 12:19:38 PM »
If I had been dating a guy for a month and he suddenly wanted specific financial details, I would bail.  Even if I brought up my student loans, I wouldn't feel that opened a door to him asking pointed questions about all my financials.

For me, at that stage what is appropriate is more general stuff.  Mention your car (or lack thereof) and how old it is and that you buy cheaper used cars and drive them for a long time, and ask how she goes about car shopping.  That sort of thing.  That's how these conversations evolve comfortably, though usually then it is something that comes up naturally, not an intention test of the financial waters. 

Certainly before she moves in with you there needs to be more info regarding financial compatability.  And certainly before she moves at all you need to get at least closer to knowing if it will work.  If you are discussing those things (after a month!?) then it's fair to just mention that frugality is a big part of your life and you need a partner who is on the same page.  Then see what she says.  Even just asking how she feels about the debt--which seems reasonable since she broached the subject--can start to give you a sense of her financial mindset.  That should be all you need for now.  Get to know her finances better as/after you get to know her better.

When I started dating my now-husband, he had debt.  I don't recall how much.  He'd actually done one of those debt consolidation programs.  I didn't like that as our relationship got more serious, we'd be working on paying that together.  But it was clear to me why he got to that point (not super consumerism) and that he was generally good with a very modest lifestyle and was committed to getting rid of that debt and never getting more, other than a mortgage.  So it was no issue.  But I didn't just ask him in the first *weeks* of our relationship to turn over bank statements and pay stubs.  It wasn't yet my business.  I focused on getting to know him better, which absolutely made me comfortable with his values.  By the time we got past that point, I didn't need the intimate financial details to know we were compatible in that regard.  Because the everyday conversations naturally lead to all the information I needed to know about what kind of spender he would be.

I also agree that I would be very, very, very hesitant to have someone move to me--even if they weren't moving in with me and even if they were very enthusiastic--until we had visited each other a few times and spent time together. 

mm1970

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #44 on: October 19, 2021, 03:28:16 PM »
You sound like a fantastic person and a fine man.  I think it is safe to move forward with your plan with the following things in mind:
If I was asked to give only one line of advice to a young man, this would be it:  Always listen to your instincts.  As a man, you must protect yourself, your well-being, and your assets.  Like it or lump it, if you were to co-habitate or marry this woman, you would inherit her debt and her problems.  If you were to have a child with her, you would most-likely lose in court in most states in the US, have alimony and/or child-support, not to mention the emotional pain and loss of a "failed" relationship.
Being honorable, kind, generous etc. means nothing to the law when it comes to what a woman can take from him when a relationship ends.  That's not cynical, just true.
It has only been a month, so taking it slow and cautious is the right course.  Before you co-habitate, protect your assets through a trust perhaps, and also write up a contract with the help of a lawyer that puts everything on the table.  Something you both sign and understand.
ANY woman/partner worth your precious time on this earth will accept a thoughtful, well written document that spells it all out at the beginning. 
OK here is the cynical part:  Many women feel entitled to what you own, and will take it, given the chance.
Congrats on a potential new, rewarding relationship with a good woman.  Protect yourself anyway.  Eyes open sir!

-fixie

Wow. Sexist, much?

The OP might want to get their advice from someone living in the 21st century.

No kidding.

I know more women who don't want to get married because it's too financially messy ... my FIL just got married and I joked to my husband, "there goes your inheritance!"

(His dad is basically broke, living on a small pension and SS...his new wife is the one with the money.)

fixie

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #45 on: October 19, 2021, 03:51:44 PM »


Wow. Sexist, much?

The OP might want to get their advice from someone living in the 21st century.
[/quote]

Actually, no, but thank you for asking.  OP might want to get HIS advice from another man, one with different experiences.  You just don't like what I said.  That doesn't make me sexist.  I'm an egalitarian, and treat others the way I would like to be treated.  I'm fair, honest, and honorable, not that it's your business.  Those are qualities that used to be appreciated and valued, but yes, as you say, in the 21st century I must be an outlier.
Many - thousands, probably millions, considering the portion of the population that is female.
Entitled - just watch some of the many tiktok videos of partners who think they are entitled to your money, house, whatever.
Take - women are just as human as men, and so are subject to the same weakness, vices, and evils.  They'll readily game any advantage, just as any other human.  Especially if there is no cost to them.
Fact is, men are at a disadvantage under the law when partners split.  I didn't make the rules.
Thankfully, there are also millions of fair, honest, honorable, and egalitarian women out there.  It's just hard to separate the wheat from the chaff.
Protecting yourself from potentially-bad partners is sound advice.

Have a good day,

-fixie

Extramedium

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Re: I'm FIRE, woman I'm talking to has student loans
« Reply #46 on: October 19, 2021, 07:49:35 PM »
Everyone here is on this path -or continuum- in their own place, and so are you and she.  We all need to make adjustments to see the others we care about where they are, but also where they could be.

25 years ago when my wife and I were dating, I was in financial trouble.  I had credit card debts, lots of student loans, and an unfortunately high interest rate car loan (thank goodness for the good judgement that comes from bad mistakes!), and she had never taken on any debt, and had never even made a late payment on a credit card.  I borrowed money from her twice, and the second time she told me, "This is the last time.  From now on, you have to get out of trouble on your own.  If you can't figure it out without me, then maybe we won't work out."  I really liked her, so that scared me, and I was inspired to do better to stay with her.  Shortly after that I read The Millionaire Next Door, and the changes kept coming, etc.

If she hadn't seen the potential in me -in spite of being pretty lousy on paper- then this wouldn't have worked at all.  She didn't simply see me as a potential partner with awful financial habits, but as someone who seems smart enough to take a chance on.  That won't always work, but it's another reminder that there are so many dimensions to people that we can't see until we really get to know them.

Good luck!

Imma

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #47 on: October 20, 2021, 04:49:51 AM »


Wow. Sexist, much?

The OP might want to get their advice from someone living in the 21st century.

Actually, no, but thank you for asking.  OP might want to get HIS advice from another man, one with different experiences.  You just don't like what I said.  That doesn't make me sexist.  I'm an egalitarian, and treat others the way I would like to be treated.  I'm fair, honest, and honorable, not that it's your business.  Those are qualities that used to be appreciated and valued, but yes, as you say, in the 21st century I must be an outlier.
Many - thousands, probably millions, considering the portion of the population that is female.
Entitled - just watch some of the many tiktok videos of partners who think they are entitled to your money, house, whatever.
Take - women are just as human as men, and so are subject to the same weakness, vices, and evils.  They'll readily game any advantage, just as any other human.  Especially if there is no cost to them.
Fact is, men are at a disadvantage under the law when partners split.  I didn't make the rules.
Thankfully, there are also millions of fair, honest, honorable, and egalitarian women out there.  It's just hard to separate the wheat from the chaff.
Protecting yourself from potentially-bad partners is sound advice.

Have a good day,

-fixie
[/quote]

Protecting yourself from potentially bad partners is indeed sound advice. I completely agree with that. We have a pre-nup. One way I used to protect myself from potential bad partner is to not discuss financial details in the early stages of a relationship.

I also happen to be a woman, like the majority of people on this forum. And I have a law degree, so I know the law. The fact is, the law is egalitarian. It says nowhere that men need to pay alimony to women, it doesn't say that men have to pay child support to women. What it does contain is rules about how marital assets should be divided (50/50 usually) and rules about how a higher-earning parent should pay child support to the lower-earning parent.

Absolutely there's a minority of people, of both genders, that take advantage of these rules. People should be aware of this and protect themselves against those kind of situations. But I absolutely don't believe that women form the majority of those people taking advantage. These days, women are on average better educated then men, they are often the breadwinners in a family or earn an equal income to men, so there are lots of women who have enough money of their own that they don't require any type of alimony or child support, and there are absolutely also plenty of men who are trying to take advantage of women in this way.

Generally, most jurisdictions around the world are working more and more towards no-fault divorces where each partner always gets half of the marital assets (unless there's a pre-nup deciding otherwise) and towards limiting the amount of alimony and child support that people can expect after divorce. These days, people are more and more expected by judges to pay their own way after a divorce and not depend on an ex forever. In my own country, the period that a spouse can receive alimony has been reduced significantly this year, and the lower-earning spouse is encouraged to increase their own income as soon as they can. Alimony is now seen as a way for someone to get back on their own financial feet, not as a long-term thing.

To OP: Mr Imma and I talked about our financial attitudes from the beginning, and they overlapped. We are both lifelong frugal people. We both had (4-figure) student loans that we brought into our relationships, and we discussed having them, but not the details at first. Mr Imma had another minor debt (less than €2000) and a few months in he asked me for help. He had gone through a rough patch, had gotten behind on paperwork, then this debt suddenly appeared. When he asked, I helped him. We made a plan together (it wasn't me who made a plan for him) and he paid the debt off in less than 2 months. Due to circumstances we decided to move in together after around 6 months of dating, after he was done paying back the debt. We had talked about having savings and student loans but moving in together was when we both "opened the books" and sat down with bank statements and pay stubs. If I had discovered some sort of additional, surprise debt at that point I wouldn't have moved in with him, but he had been honest with me from the start.

We have never combined finances so on paper he was just a roommate, until we bought a house together a year later and we signed a pre-nup. At that point I was the lower earner and I was the one who pushed for the pre-nup. These days I'm the higher earner. We still both have student loans because the terms are just too good to pay them off.

fixie

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #48 on: October 20, 2021, 07:40:30 AM »


[/quote]I also happen to be a woman, like the majority of people on this forum. And I have a law degree, so I know the law. The fact is, the law is egalitarian. [/quote]

Thank you for your perspective and input.  I agree the intent of the law may be such, but in its application things are quite different.  I'm not saying that is always because of the law, just that that is often the outcome. 

Have a good day,

-fixie

former player

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Re: I'm FIRE, woman I'm talking to has 100k student loans
« Reply #49 on: October 20, 2021, 08:09:08 AM »


I also happen to be a woman, like the majority of people on this forum. And I have a law degree, so I know the law. The fact is, the law is egalitarian. [/quote]

Thank you for your perspective and input.  I agree the intent of the law may be such, but in its application things are quite different.  I'm not saying that is always because of the law, just that that is often the outcome. 

Have a good day,

-fixie
[/quote]
It's only going to be the outcome if the man has more income than the woman.  Which, surprise, surprise, he usually does, because pay discrimination is alive and well decades into legislation on equal pay and women earn 80% or less of what men do.  And through historical and current financial inequalities men own the majority of assets too.  All an equal division of marital assets is doing is remedying something that other laws requiring equality have failed to do.  So cry me a river if the distribution of income and assets on divorce is less unfair to women than economic conditions in general.