Divorce buggers Money Management

[Garpal Gumnut]

If Anyone takes what GG says as real or even remotely real, they need to think again. Townsville is a small place. There are only so many streets, not suburbs where the "Garpul mansion" could exist. Four times married, wealthy and lad about town types narrows down the likely suspects. There really aren't that independantly wealthy movers and shakers in Townsville, no matter what the local " in crowd" may choose to believe.

I've always humoured Garpul as he does have a little flair with a story. His one about narrowing down Osama Bin Laden ready for capture was a gem.

What I have noticed is a few people now starting to mimick (sp?) Garpul's style here. The turn of phrase is similar. I don't put it down as multiple account by Garpul, just followers.

Anyways Garpul, if you have lost your 4th, I'm happy to have a beer with you at the Metropole on Palmer next week. The Indian next door is good and reasonably authentic.


cheers,

If

Thaks for your faith in my authenticity.

I prefer the Ross Island Hotel.

Leave a note about Garpaldogs neck, he's tethered there most days and we'll arrange to meet.

And I haven't lost my fourth.

One never loses an ex.

t'would be easier if she were lost.

And to get back to the real point of the thread it does bugger up your money management.

All these bloody Family lawyers, barrister and judges live off honest folk like me.

gg

 

[Stan 101]

I'll drop into the Ross one day and look for a dog with a collar.

I have a mate in the trucking business with 4 ex wives and 6 kids. He says he still loves them all and I believe him.
The weird thinkg is he is still on speaking terms and I've been in the same room with three of them at the same time. It was weird to say the least.

He's looked after all of them, they all have houses and the children want for nothing. from the experience of my mate I can fully believe it when you say you haven't lost them..


Cheers,

 

[Garpal Gumnut]

I'll drop into the Ross one day and look for a dog with a collar.

I have a mate in the trucking business with 4 ex wives and 6 kids. He says he still loves them all and I believe him.
The weird thinkg is he is still on speaking terms and I've been in the same room with three of them at the same time. It was weird to say the least.

He's looked after all of them, they all have houses and the children want for nothing. from the experience of my mate I can fully believe it when you say you haven't lost them..


Cheers,

The dog is outside the hotel most days.

More kids equals a healthy society.

Only the rich can't afford to have more kids.

gg

 

[jono1887]

And to get back to the real point of the thread it does bugger up your money management.

All these bloody Family lawyers, barrister and judges live off honest folk like me.

gg

i would think that someone like you or most people on these forums would probably be more well prepared. I think your initial post made it sound far worse than would it would probably have been.

I'm not married but I was.. only a very small amount of our assets would be held in joint cash accounts. I would say less than 5%.. you only need enough cash in there to pay for day to day transactions. Even then.. most of my current transactions are on credit anyway so no big deal there... i would expect a joint account to only hold less than 10k.

Any other cash that I'd be holding would be in term deposits, saftey dep boxes, international accounts and burried in the ground.. even then, cash holdings of your net assets should not be incredibly high as they generally have low returns...

The remaining 80-85% of our assets would probably be in a variety of govt bonds, gold bullion, diamonds, property, stocks and any remaining cash in the trading account.

You should never expose your self to that kind of situation you described where your financial management is totally buggered because an angry spouse has decided to run away with everything.

 

[Mr J]

Most of my assets won't be in my own name, and therefore any potential ex-wife will not be able to run away with them nor have a settlement including them. As insurance, no potential wife would be greedy or materialistic, and hopefully not unreasonable enough to conduct vengeance by dragging it through the courts.

 

[Solly]

gg, thank goodness your are back mate, within that 48 hour window, no need for the cadaver dogs and we can stand down the SES.

Just got more info on some of the items scattered around the burbs. I've now learnt it's not wise to jump to conclusions with out investigating all the facts.

Appears the Fedora found floating was a knock off, the money clip was brass and the note a fake, the pen was just plastic and the Filofax was a prop. All left over from a weekend backpackers fancy dress do in Carter St.

I've deleted my draft email requesting assistance from Mr Raggatt at the Bully.

The smoldering wreck was a '78 Marque that has been torched many times before.

I sincerely wish you well in your current difficult unpredicted turn in your life.

Let me know if things get too tough, I'll arrange to ship a carton or two up your way and a box of Pal for Garpaldog. I try to send them express on a Jungle Jet.

BTW does Dharma have a sister.....just askin'

 

[bunyip]

gg, thank goodness your are back mate, within that 48 hour window, no need for the cadaver dogs and we can stand down the SES.

Just got more info on some of the items scattered around the burbs. I've now learnt it's not wise to jump to conclusions with out investigating all the facts.

Appears the Fedora found floating was a knock off, the money clip was brass and the note a fake, the pen was just plastic and the Filofax was a prop. All left over from a weekend backpackers fancy dress do in Carter St.

I've deleted my draft email requesting assistance from Mr Raggatt at the Bully.

The smoldering wreck was a '78 Marque that has been torched many times before.

I sincerely wish you well in your current difficult unpredicted turn in your life.

Let me know if things get too tough, I'll arrange to ship a carton or two up your way and a box of Pal for Garpaldog. I try to send them express on a Jungle Jet.

BTW does Dharma have a sister.....just askin'

Solly mate.....you think you're being pretty funny but take it from me, it's got to the stage where your repeated attempts at humour are becoming tiresome and are causing you to make a complete fool of yourself.
Know when to stop, before you lose even more credibility.

 

[MrBurns]

Glad we've established the myth that is gg

One thing for sure whoever he is has a gift with words, I don't think you learn that as in journo, it comes from inside, gg has a large following oh here for that very reason and it's testimony of the power of the "word"

Why don't you go into politics gg, you could be PM

Lawyers -

Lazy slackers many of whom should have been identified at birth and drowned - the first one I used racked up a bill of $8k for nothing including $1500 to read a Family Trust document - I sacked him and replaced him with a decent bloke who completed the job in a different way for a few grand.

Mr J - If the ex in question has done the dirty on you and you have made all the money get a Binding Financial Agreement done instead of taking it all to court where they unfairly determine if the split is fair.

Give her what she deserves not necessarily half.

 

[Prospector]

Any other cash that I'd be holding would be in term deposits, saftey dep boxes, international accounts and burried in the ground.. even then, cash holdings of your net assets should not be incredibly high as they generally have low returns...

The remaining 80-85% of our assets would probably be in a variety of govt bonds, gold bullion, diamonds, property, stocks and any remaining cash in the trading account.

You should never expose your self to that kind of situation you described where your financial management is totally buggered because an angry spouse has decided to run away with everything.

Hmm, glad my partner doesnt think along those lines......

 

[jono1887]

Hmm, glad my partner doesnt think along those lines......

Why should such a large proportion of your assets be in liquid form that is so easily acessable? Unless you own a business with very high turnover where you need access to such liquid assets. It would be unwise to have a large % in cash.

 

[Prospector]

Why should such a large proportion of your assets be in liquid form that is so easily acessable? Unless you own a business with very high turnover where you need access to such liquid assets. It would be unwise to have a large % in cash.

Sorry, this bit:

You should never expose your self to that kind of situation you described where your financial management is totally buggered because an angry spouse has decided to run away with everything.

The thing is, in order to do what you suggest, you need to do this at the start of the relationship. If you both come as equals and mortgaged to the hilt,(eg first marriage etc etc) should you still make your financial arrangements on the basis that eventually you will be angry with each other? And let's face it, most people in their twenties, come into marriage with not much else but each other.

 

[jono1887]

Sorry, this bit:

The thing is, in order to do what you suggest, you need to do this at the start of the relationship. If you both come as equals and mortgaged to the hilt,(eg first marriage etc etc) should you still make your financial arrangements on the basis that eventually you will be angry with each other? And let's face it, most people in their twenties, come into marriage with not much else but each other.

No, but you can take the precautions later on in the marriage. I wasnt talking about hiding things from each other. I was just stating that assets should not be so easily taken by one partner in the relationship. Like cash in joint accounts can be cleared almost instantly in under an hour.

 

[trainspotter]

Good to see that the lines between reality and fiction are just as blurred in here as in the "real" world. Also very pleasing to read that GG is still in the ring and punching for all he is worth. Go you good thing !

 

[Solly]

Good to see that the lines between reality and fiction are just as blurred in here as in the "real" world. Also very pleasing to read that GG is still in the ring and punching for all he is worth. Go you good thing !

Sometimes a little diversion from "reality" is truly refreshing and cleansing for the soul, especially during times of intensity...

 

[Prospector]

This raises an interesting question for me in the likes of Greg Norman. He and his wife were married for many many years and (most likely) when they married Greg Norman certainly wasnt the name he is now. They raised children together, and shared the highs and lows of their married life. But when he decides to try out a sweet younger thing, he is angry that he had to share (and not by half, either) his company, cars, houses and $$. Well, for mind, he should have given her half after all those years and he was the one who wanted out.

 

[justjohn]

At 55 I wouldn't rate Chris Evert a SWEET YOUNG THING maybe 30 years ago ''YES'.Now she has more lines on her face than a doubles court ,but she has that one ingredient MONEY

 

[gooner]

This raises an interesting question for me in the likes of Greg Norman. He and his wife were married for many many years and (most likely) when they married Greg Norman certainly wasnt the name he is now. They raised children together, and shared the highs and lows of their married life. But when he decides to try out a sweet younger thing, he is angry that he had to share (and not by half, either) his company, cars, houses and $$. Well, for mind, he should have given her half after all those years and he was the one who wanted out.

Sounds fair to me that he should give his wife half. Don't see why people get so hung up about splitting assets like that. I have earned nearly all of the financial assets accumulated by me and my wife (like most, we had nothing when we met). Partly, this is because she has spent the last 5 years focussed on caring for our young children but mainly is because I had a high paying job and she did not. If we ever split (very unlikely), I'd happily let her have half of the assets.

 

[Mr J]

This raises an interesting question for me in the likes of Greg Norman. He and his wife were married for many many years and (most likely) when they married Greg Norman certainly wasnt the name he is now. They raised children together, and shared the highs and lows of their married life. But when he decides to try out a sweet younger thing, he is angry that he had to share (and not by half, either) his company, cars, houses and $$. Well, for mind, he should have given her half after all those years and he was the one who wanted out.

I'm sure you would argue that they built the name together. Yes, she very likely was responsible for some of the success, but half? Probably not. After all those years? Not quite half is a pretty good deal, financially. More than fair.

 

[Agentm]

Sounds fair to me that he should give his wife half. Don't see why people get so hung up about splitting assets like that. I have earned nearly all of the financial assets accumulated by me and my wife (like most, we had nothing when we met). Partly, this is because she has spent the last 5 years focussed on caring for our young children but mainly is because I had a high paying job and she did not. If we ever split (very unlikely), I'd happily let her have half of the assets.

well she is entitled to more and will get it if you have children

be prepared to drop about 60 -70%... and dont whinge about it..

by the time you add legals be happy if you see 10 or 15%

again dont whinge or moan.. its how it is..

 

[gooner]

well she is entitled to more and will get it if you have children

be prepared to drop about 60 -70%... and dont whinge about it..

by the time you add legals be happy if you see 10 or 15%

again dont whinge or moan.. its how it is..

I doubt it - we would share custody, so 50:50 it would be. And we would not waste money on lawyers