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PATREON EXCLUSIVE (Full Video): Why do women struggle to save money?

PATREON EXCLUSIVE (Full Video): Why do women struggle to save money?

Comments

True. But women seem to lean toward that trait long after the fertility window has closed.

Eric Linden

Yes we must protect our kind souls. They are precious in this world

Peter

Yeah it often is our own fault ey. Well atleast in part. Valuable things cost a lot. I hope you learned something from it. I hope i have but I doubt it’s 100% sunk in. Until my weakness, next time someone asks for $ and i manage to say no… i won’t actually know

Peter

It sucks, but I have only myself to blame. Though I do hope that some of that karma has been returned. Maybe that’s partly why I’ve been so financially successful. People have also been generous with me, particularly when I was younger. But what has really started to bother me is how little gratitude most people seem to show when they receive unearned windfalls.

RhodiumMaiden

🙋‍♂️ appreciate the input Having your kindness exploited is terrible. Sorry about that

Peter

That would drive me NUTS. I can’t stand wasting resources.

RhodiumMaiden

Both my dads were not nearly financially savvy as my mother. I learned a lot from my mother as well as having many traits in common and I’m substantially better with money than the vast majority of people I know. My husband was good with money, but I was better & enjoy budgeting, so I handled that, plus I did all our day to day shopping. Of course we decided on major purchases & services together. I don’t think I’ve ever dated a man who’s better with money & several who were worse. My worst financial decisions, like Alisha, have been due to excessive generosity.

RhodiumMaiden

Women also have a shorter fertility window.

RhodiumMaiden

What are your basic standards in a woman?

RhodiumMaiden

Stop the delusion my friend. Money is a requirement. It’s not about her being a gold digger, heck, the girl that ONLY costs you money is the least expensive! Time, Energy, Attention: All costs. You need to bring value to a woman’s life, and the primary way is financially. I say above & beyond that money doesn’t secure you a woman; but you’re not doing it without financial responsibility. And make no mistake, 90% of single women have no concept towards future value of money. I don’t spend mad money on women; but I can if I chose to. And they know I can provide for them; and want me too; but it’s absolutely insane how they are convinced they can make up for a lifetime worth of bad financial behavior & easily make a lot of money; so they often try to discount the value I can bring. One told me she would retire in 5 years, she was evicted twice in 2 years, was working door dash with a salvaged title vehicle, and told me I was “broke”… Mind you, last I heard she’s still on someone’s couch. Even the “good” ones have nothing saved. I just helped the girl been seeing get through an unfortunate situation as her apartment was destroyed from hurricane & forced her eviction. Her renters insurance lapsed for lack of payment; and I housed her for 2 weeks, she spent nothing, as she applied for FEMA & put her stuff in storage. I took care of everything for her; as she’d have been screwed without me. She just left to visit family for two weeks in another state, and I was thankful she left. Fact is; I was very unhappy with lack of respect & gratitude from her, I’m not sure I want her to come back. And she’s literally been the best one I’ve dated in years. I don’t have all the answers but I know if she’s the best, the bar is low…

Bill Washinski

It’s all about the cost/ benefit analysis. Certain experiences are more valuable than saving that money for the long run. Taking a gold digger out to a fancy restaurant may be a waste of money, but doing a coffee date, a picnic, or something simple may be worth your money in the long run. Even if it goes nowhere, the occasional date keeps up your social and dating skills and benefits you in the long run. Money helps, but is not the most important thing if you’re looking for a high quality woman. A balance between the miserly and a little investment in the here and now is prudent.

Eric Linden

16:53 — This is idiotic and one of reasons I passed on “Heroes Circle” — men left to own devices will be miserly. Alexander: That’s embarrassingly ignorant. I figured this out: You want to succeed in dating today? Money is a built in requirement. It’s not the - oh I want to date the rich guy thing. It’s try doing it without money and see how you well you do. Broke dating for a guy is the equivalent of an ugly girl dating. In 2014-2016: The money I spent on women that went nowhere (and I knew was wasting it); if I put that into a Roth IRA, I’d have over $100K today. Mind you, that was less than $10k over 3 years. I’d love that $100k+ now. With over $250k earning me compound interest; I date with a lot more success & fun. Women are monetized. Men pay. It does not go in reverse. And if you really got it together; and have the competence required to make the money; and you’re higher in status hierarchy—your network puts you into another category altogether. No Alexander; there is a simple reason why men make more money & better financial decisions than women. We have to. We don’t die miserly old men. That’s just dumb.

Bill Washinski

Stop with the Legacy & teaching Father to Son vs. Mother to Daughter. Men learn because we have no backup plan; I’m on target to surpass $1M in 6 years, because I delayed gratification & learned the hard way. 99% of women I’ve gone out with are paycheck to paycheck. Nothing more to say.

Bill Washinski

Note in parenthesis about male-female targeted advertising. The numbers given actually make it ~3.35 more likely to see a female-targeted ad than a male-targeted one. It’s not 15%/5% = 3, but rather the odds ratio, calculated as (A / !A) / (B / !B). For this case, 15/85 / (5/95).

PerMagnus Lindborg

At the start of the video when alex showed the data, i was actually surprised at how close the numbers were. I expected a larger gap

Jacob Porter

@Eric Linden - Interesting. I know this practice is often common in some West African and Caribbean settings as well: https://chatgpt.com/share/66f3c708-c700-800a-83de-5c8a4529e480

Joseph Omega

@E C - BTW, did you ever watch any of those videos that @Peter so "kindly" suggested you watch on that fateful day when you decided to block him? Some are really QUITE profound and useful.

Joseph Omega

@E C - "A journey of a thousand miles begins with a single step." -- Lao Tzu

Joseph Omega

@E C - Actually, I don't. "Quality" does not lie in WHAT you have but what you CHOOSE to do with it. Didn't you say you believe in free will? Are you NOT free to choose? Even self pity is a CHOICE, is it not?

Joseph Omega

@E C - You've never explained that curious description of yourself. Can you share in what way you are "not a quality person (meaning woman 🤔)"?

Joseph Omega

@E C - Well, your time is not up yet. Besides, aren't you a better, stronger person NOW than BEFORE you joined?

Joseph Omega

@Eric Linden - Well, the audience THERE is FAR higher I expect.

Joseph Omega

@E C - Well, it was him causing you to feel bad that got you into this in the first place. Besides, I thought women LOVE to talk about their feelings -- I promise to pretend to listen. 🙏 Yeah, kinda strange about @RhodiumMaiden.

Joseph Omega

@Joseph - Yeah. I often post on YouTube as well. Occasionally I will get a very different reaction. Sometimes huge response on one forum, but nothing on the other.

Eric Linden

@E C - There is no relief associated with your unblocking?

Joseph Omega

@E C - As a woman, I'm guessing you are just EAGER to share how it feels to unburden yourself of this weight?

Joseph Omega

@Eric Linden - Wow! I'm impressed! Do you normally comment both here AND on YouTube?

Joseph Omega

@E C - Atta girl! I KNEW you had it in you! 👍👍

Joseph Omega

@Joseph - Wow! I'm impressed! You nailed it. Perhaps EC misunderstood my Paris comment; then, if you're right, she then misunderstood @Peter's comment. By the way Joseph, since EC is so impressed by your 8 likes here, that Paris comment got 7 here on Patreon. But the same comment got 523 likes and 28 replies on YouTube. Are you impressed @EC? https://www.youtube.com/watch?v=41zEw-YSFiA&t=21s

Eric Linden

@E C - Remember your day job, and what got us into this mess in the first place. Still, does all this mean you WILL unblock @Peter BEFORE you leave, and that, maybe just maybe, a similar "oversensitivity misunderstanding" COULD conceivably be at the core of your blocking of @RhodiumMaiden? PS. I really can't speak for anyone else here, but our "off topic" interactions COULD be of great use as a classic example of a male-female interaction where "SPIES" (do you remember my acronym?) consistently gives way to "stoic strength". A "blueprint" for "red pill" gender interactivity, so to speak.

Joseph Omega

@EC - I agree that Peter is a kind man. But I doubt he felt unsafe. Also, you may not recall that MB and I got into some pretty heated discussions during the short time he was on here; and I won every time. In fact, I noticed him deleting comments before you. MB was very emotional, and I called him on it. He didn't just delete comments aimed at you.

Eric Linden

@E C - Interesting. I think I may have found the exchange that triggered YOUR blocking of HIM. Yes, @Peter certainly does strike me as uncommonly sensitive for a male, but he is STILL male, and I think it was MUCH more YOUR sensitivity to HIS remarks (about 2 months ago, under the video "Men don't want 'experienced' women") concerning your "missed opportunity" after you commented "Lol you are a man alright" in response to @Eric Linden's posting: "If we go to Paris, I don’t want to hear you’ve already been there 10 times with 10 other guys." AM I correct? Because of the exact phrasing @Peter chose to use at that time, I think he MUCH more hurt YOU, rather than the other way round -- otherwise logic dictates that it would have been HE who blocked YOU. It seems that you have yet to fully grasp the VAST chasm of differences between male and female communication styles (in keeping with "You Just Don't Understand" by Deborah Tannen): His statements were intended to be purely "matter of fact", containing no more "meta-messages" beyond the words themselves. You apparently read a great "expression of deep hurt" that he never intended to convey. In fact, I get the impression that YOUR abrupt blocking of HIM hurt him MORE than your initial offhand "humorous" comment -- I've warned you before to "keep your day job" with respect to your comedic career. If you wish to mitigate the situation, I recommend you UNBLOCK @Peter to illustrate your newfound growth that you better understand male-female dynamics, and that no ill feelings were intended by you. PS. You KNOW I've only been on this Patreon for LESS than a year, right?

Joseph Omega

@Eric Linden - If so, this makes the blocking an even GREATER tragedy, as @Peter was not even referring to @E C here at all.

Joseph Omega

@Joseph - I believe that was before she blocked him. I was thinking maybe she didn't realize who "delulu" was referring to. I try to stay on topic, but you two often talk about things that have nothing to do with the subject of the video. It's still a mystery to me what Peter said.

Eric Linden

@Eric Linden (& @E C) - Don't mean to inject myself into your dialogue, but @Eric Linden, I think your question had to do with @Peter's use of the term "delulu" (which I'd never heard before) in DIRECT response to the woman in the video entitled "Impressive woman displays 7 manipulation tactics in only 73 seconds", and had NOTHING AT ALL to do with @E C (especially as, him having been BLOCKED by her, she would not have been able to even SEE his comment -- unless she temporarilly unblocked him as you suggested), hence @E C's current bemusement. Also, the thread spawned by @Peter's comment only had responses from @Alisha and myself, and had NO reference (or even HINT of reference) to @EC.

Joseph Omega

Advertising is such an interesting topic. I have wondered for years why companies spend so much mone on advertising. That´s because I can´t rally imagine that it works. Like: Who buys stuff from advertising? Personally, I only get annoyed by it. And I try to avoid it wherever possible, because it is such a waste of time for me. Now, I admit in the last few years there were a few incidents where advertisement worked on me. That is mostly because I have much more money now. But in my twenties? I honestly don´t think I have bought a single thing becaue of advertisement. Now, there may have been some unconcious effects, but I really don´t think that was significant. Partly, because I had no money and lived from a few hundred bucks a month. So really, the thought of luxury items never even occured to me. But I started to realize that other people really are different in this regard a few years ago: I was buying this "no advertisement" sticker for my mailbox. And I offered my neighbours to take some too. But none of them wanted any. Apparently they are happy with getting "paper trash" as I call it, in their mailbox.

Hermann

@EC - okay.

Eric Linden

Great point!

Galdor

A side note on the more philosophical ending of the video: I like to think of money as someone else's work time that I can sollicitate, having paid with my own work time in advance. It really changes how one sees wealth and it's accumulation, taxes, heritage, etc.

Galdor

Also, I think it is important to point out that both in traditional "workman" / housewife households and in the more common modern household where both parents work but the man makes more hours, it is the woman who will be doing the groceries. Hence, it is quite natural that they are more heavily targetted by advertisement.

Galdor

Based on my personal experience, I am very surprized by this idea of men being better than woman at managing money... The statistics that are being shown don't lie though. There are a few important points in the argumentation that I don't agree with: Traditionally, in French farms, the accounting part is the responsability of the woman. This collides frontally with the hypothesis of men historically being in charge of those matters... Do you have facts to support that claim? Also, I have the impression that accountants are more easily female than male, but it could be because in my family there are a few women who happen to work as accountant. Actually that is a good point: what is the man/woman share for accounting jobs? In the end, I feel that the core difference is that woman tend to be more budget managers / accountants, whereas men lean more towards investing and the risk/reward dynamic. I don't quite agree with the argument that woman being emotional lead them to compulsive buying or at least without long term thinking. It might be true for some people, but I am not convinced it is the rule. That being said, I like the rest of the argument. Women being more in the present, while men plan and gamify their finances is an interesting idea, and makes sense.

Galdor

If she does want you when you are down she doesn’t deserv you when you are up Makes me kinda think about faking lack of money when i start dating again That sounds bad but you hopefully get what i mean. Is it someone that is content with me or with my stuff

Peter

Interesting and interesting. Thanks for sharing your experience Would you say your ability to save is liked to impulse control and being more in control? Or is it byproduct of being „poor“ and frantically holding on to the little you have. I totally get the not having the heart to say no Well, it’s not Family that asks me there is a “chronically unlucky “woman that used to regularly ask me And i regularly gave her some If at least I actually saw it helping, but I have a sinking feeling it just prolonged the trip to rock bottom . And rock bottom can be a very valuable learning experience And usually the point where, if, things change…then there

Peter

Ooooof!

Peter

You also can’t forget that finances (resources) are a quality that men are sexually selected for. Women don’t have that selective drive. Expectedly, their obsession with enhancing their beauty - the thing they’re primarily selected for - takes all of their attention

Oliver

It’s academia.. in Canada no less. Of course they’ll resort to nurture over nature

Oliver

It is an interesting correlation. I'm not sure at the moment if it is correct, but the success of China and Japan can be explained by assuming it is true. Both of these economies were set up by USA investments in outsourcing. They also have deep scholarly cultures that helped them in the Information Age and rice-farming ultra-hard-working culture that helped them during the Industrial Age. As for why you would want women to take care of finances? Historicly speaking most expenses were tied to women chores so it was a matter of convienience. And the ones that were not they do, because men worked from dawn til dusk in fields. Europe is an evenement, becausue we had so much free time in winters that men taking care of finances was feasible.

Cezary Skoczek

What do you spend your millions in your 70ties? Health care and elderly care xD At least in the USA.

Cezary Skoczek

@Alex - how does this gel withmicrofinancing in the Developed world? Women, not men, are given micro loans for their homes, business, fields and the money is invested rather than wasted (generally) and repaid. https://innovation-entrepreneurship.springeropen.com/articles/10.1186/s13731-024-00419-y https://www.eib.org/en/stories/africa-women-microfinance https://www.un.org/africarenewal/magazine/august-2011/microfinance-what-role-africas-development Isn't this indicative of a bigger picture cultural factor that women in the West are less likely to be held accountable for the consequences of their emotions, both historically and currently. Especially as, according to some research, women tend to have better impulse control than men as pre teens, teens and young adults. https://link.springer.com/article/10.1007/s40473-015-0031-8 https://labs.la.utexas.edu/harden/files/2013/05/Shulman-2014-JOYO.pdf https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3445337/ Women in a gynocentric society expect that society (men) to be there to pick up the pieces and deal with the consequences of their poor choices, whereas men, who are able to manage their impulsivity and aren't removed from the genepool through their risky behaviou, know that they will have to deal with it as society in generally doesn't give a fudge about males? If you look at the video where the girl is explaining girl math to her dad, yes it is meant to be a bit of a joke, but isn't that the problem? Her dad has obviously footed the bill for her "Girl Math" and indulged her behaviour depriving her of the consequences of her actions, which is an overal failing of parents towards girls, probably due to the fact that girls are less likely to be involved in more obivous anti-social behaviours; fighting, truancy, not performing at school. "Spent it? Tough there's no more unles you do something to earn it" is a really good lesson for kids, male and female to have drummed into them, from as early an age as is possible. Girls tend to be taught it less, boys more, although boys due to testerone and a greater impulsivity are also more likekly to use criminal behaviour to short cut the work and earn process. In summary, its because women in the west are less likely to be held accountable for the consequences of their emotions across most domains in life, an often is men who indulge them.

Anthony White

Damn that is awful that you lost all that money, glad you met your wife though ❤️

Alisha

I’m not the best with money, when I was younger I was brilliant with saving my pocket money or Christmas/Birthday money. When I moved out and was renting a flat with my partner was when it all went downhill, my family would constantly come to me to “borrow” money because they are poor and I don’t have the heart to say no. I wouldn’t want to say no and I think people should try and help out family members when they can xxx

Alisha

This was a reminder that I might become that old single miser hahaha ——— Thinking recently about how certain women are so into Halloween and reconsidering dressing up after not having done so for years…is reminding me that may I need to make space for this in my life and maybe my rigidity is part of the reason I’m struggling with dating. ——The men in my life are more interested in learning about finances than the women, but it doesn’t mean they are the better savers than their wives. I learned stuff myself when I became interested, no family members taught me. I work with a lot of relatively feminine women and they aren’t familiar with index funds, FIRE, crypto, but some are in charge of the bills. And a lot SEEM to spend their money more freely than me. And some younger ones own or are fixated on getting a house. They still travel though and I’m pretty sure they put way less in retirement than me. I don’t travel the normal way they do, if I’m even traveling at all……

Mack T

@Rickard Fors notes below that women in Japan and China also control the finances, but more successfully. There must be an evolutionary psychology explanation. Perhaps women controlling the finances keeps economies stagnant only in the third world. Perhaps it has something to do with the Industrial Revolution in the West, which also happened in Japan.

Eric Linden

You hit the nail on the head. I think we can see that in elections this year more than ever.

Eric Linden

In the Philippines and other third world Asian countries, the woman is in control of the finances in most households. It’s cultural, and there are some good reasons. However, many say that is the reason they stay third world.

Eric Linden

True. Big miss by AG.

Eric Linden

It's interesting how different it is in Japan for instance, where men typically make the money but women have nearly full control over the household finances. Men typically get a weekly allowance to spend on whatever they want from their wives. (In Japan, it's rather men that spend money on not so needed things.) I've also met some Chinese women for whom saving money was a main concern, and none that seem to spend money in a more Western(?) way. For what it's worth, I do not know if China has the same roles as Japan in this regard though.

Rickard Fors

Well since women are more prone for advertisments, the next step should be to consider the consequences in politics. The mechanics might be the same. If women are easy to be emotionally compromised by advertisments, I would assume the same works for certain political ideologies. Specifically those with emotional appeals. Evil tongues could say, this was the actual intention behind women's suffrage.

John G.Alt

Men want to wait until past the time you can afford it. Women want to buy before you can really afford it.

Eric Linden

"Money burns a hole in their pockets" as the saying goes.

David Anon

I'm surprised that Alexander failed to mention one of the MAIN reasons for female spending habits: Social acceptance or fear of social rejection. That's why marketing to women involves the evoking of "what's fashionable" (or at best, "what's acceptable"). Other more popular variants: "What's in", "what's trending" or even "what's beautiful". In a lot of ways, money is very similar to "commitments": Men are very frugal with either because they comprehend and are held responsible for their value and consequences, while women "buy and sell" (or give and take) each with spirited abandon.

Joseph Omega

Man this topic bumbed me out. But its a good and important topic

Peter

I would love to hear the few womens experiences with this. Friends, moms, themselves. Are you good with money! Are they? What made you so? How is you’re relationship with it. Ill go first to show good faith. I have a pretty fucked up relationship with money … growing up financial literacy was not something I could emulate nor was it taught . im not very Financially literate. In that its not only about being restrained with spending which I can do pretty well because I am in permanent survival mode but also knowing when to spend it. . So the concept of investment is very gut wrenching. In life in general investment like school. I suffer now and don’t invest in getting out . My base motivation is fear and avoiding it NOW . It’s a problem that manifest in so many aspects of my life. I dad was constantly holding up against the spending habit of my mum and my mum was screaming financial abuse while in fact not being shrewd with money at all. Though I have to say my mom probably has ADHD and that makes for extremely impulsive behaviour My relatives I can’t really say coz it isn’t something worn on your sleeve But from what I can tell it’s not an utter disaster My grandmother having experience World War II and the hardships there of was perhaps a little too hamfisted with the family finances. My grandad was the earner but my grandma more the spender regarding the household and family expenses, especially I don’t know about bigger investment and expenditures.

Peter

Spending IS very subjective. Realistically you don't "need" anything. And sometimes you spend thousands on this one thing that you end up not really using. Then very small things like kitchen appliances can cost a fraction and can make your life ridiculously better. My brain can get hacked too, but not by flashy consumerist stuff. I'm an engineer, a tinkerer, and I can get mesmerized by things that are technologically very interesting but end up being time/money sinks. I have to always remind myself that things have to serve a practical purpose.

castirondude

Love your conclusion. All such important decisions ideally would be balanced around an open discussion where the pros and cons are weighted. I grew up poor, worked like mad from my teens throughout my 20's , invested like mad, with the vision that when I would meet the perfect lady we would have the perfect family. Well, the 2008 financial crash + a number of other factors, long story, evaporated all of it. 10 years of working like crazy , all the proceeds gone, before I even got to start a family. Cried myself to sleep. Next day I said F** this dump, I need a vacation. So I went on vacation. And that's when I met my wife. And we just had fun together. Right here, right now. Best memories of my life in the 2 years following financial ruin. On a shoestring budget. I bought a $400 camper and fixed it up , and off we went. People can take your money but they can't take your memories. Since then I've gone through phases again of working like mad, and this time they have paid off. But a balance is still needed. We went on vacation in 2016 and 2017, then worked through 2018 2019. Would go on another vacation in 2020 but you know what happened then .. so we've been hardly anywhere in 7 years. My son is 11 it's scary now how the years just slip away you know ?? And they ain't coming back..

castirondude

Sold it me vegetable mash where are you

Vinnie Searl

People in my life are all over the place; but the trend is for men to be the more responsible ones regarding money.

Eric Linden

My mom too…😜 I see the same situation alot My dad also got solar to try dampen the bill. The concept of spending is … man i don’t know. Its so subjective… Honestly I don’t get it How does this function independently without a buffer….. probably in misery and dept. I don’t know It like trying to milk mice- German saying

Peter

My wife and I had several heated arguments recently. I spent a bunch of time in the blistering sun putting solar panels on the roof and said we should conserve energy. She will get on the kids' cases to turn off the 12W LED lights to save electricity. But then she will turn on our electric oven or commercial grade dishwasher, both of which have 5000W heating elements, and forget about them, leave them on for hours. Then complain it's too hot and run the AC to cool down the house. It doesn't compute in her brain that 1 oven = 400 light bulbs. EDIT the point is, I suppose, women see the visuals, men see the behind-the-scenes. Like in the girl math video, using a credit card doesn't feel like spending as much as using cash. This isn't specifically a money thing.

castirondude


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