The gold digger and “JP Morgan’s” CEO response

This week I speak about the one of the most ironic news stories I have seen in the last few years.

The story is about a lady who posted a controversial Twitter post where she demanded that only men earning $500,000 a year should respond to her add.

The response was brutal – “Your looks will fade and my money will likely continue into perpetuity … in fact, it is very likely that my income increases but it is an absolute certainty that you won’t be getting any more beautiful!” the banker wrote.

“So, in economic terms you are a depreciating asset and I am an earning asset,” he said. “Let me explain, you’re 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in earnest. By 35 stick a fork in you!”

“It doesn’t make good business sense to “buy you” (which is what you’re asking) so I’d rather lease,” he said.

However, I have seen many wealthy people (or should I say formerly wealthy people in some cases) fall for this “deal”.

So in today’s post I speak about this story, and the numerous cases I have seen in the expat market, of men accepting silly demands from girlfriends, partners and wives.

Further Reading 

Many people wonder how much money you need to invest to get wealthy. The answer might shock you!

How to become rich by investing: rational Investing Based on Evidence vs Speculation

Blog Comments

I like your articles

Thanks David.

I could not agree more. My first wife was a gold digger. I ALLOWED her, to bankrupt my very successful business. Long story, like most. I had lots of issues about money, since I was raised by a concentration camp survivor. I keep reading than more than 90% of American women are looking for ‘rich’ guys. Even worse, they are not looking for ‘real’ rich guys, just the appearance of wealth, or a very good line of B.S. from a guy. The best and most beautiful young American women I have passed up, I met while doing relatively low paying and very low status jobs. They got to know me, from working with me. Next millions of dollars I make, will be in nonprofits; and I will continue living my low cost lifestyle: $500 cars, off grid power, clothes from Goodwill and friends, $2 a day or less for food, nearly free health care, living in $500 tiny houses, and on and on. These things are very easy to do, when you are as young as me. I am only 67.

Very true Arthur.

Very Interesting article……i would like to add that there is a lot of men who are happy to provide…. Most African Men have no problem providing for a woman… I am not sure why men most especially from Europe find it soo offensive.WHY??

Providing is a bit different to what this CEO was responding to.

Great write up

Thanks

Wow this is getting more
interesting

Add a comment

*Please complete all fields correctly

Related Blogs

Adam Fayed financial consultant WhatsApp