$2,400,000 net worth (Age 38)

$2,400,000 net worth (Age 38)

“Control” - a married couple, Edward (38) and Ellen (30), living in Hawaii with a toddler and a baby on the way. Their net worth (97th percentile for their age) consists of $3.9 million in assets (primarily real estate from house flipping), $250,000 in investments, $40,000 in savings, and $1.8 million in debt, for a total net worth of $2.4 million. Edward manages every single dollar while Ellen must ask “permission” to spend money, even on basic items like face cream or prenatal vitamins. When they met eight years ago, Ellen had just inherited $1 million, spent over half on a condo, and was shopping freely for designer bags. Edward proposed within the first month, then immediately took control of her finances, setting a budget “to mold her into someone financially savvy enough to share a life with.”
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“I just don’t feel like a good or worthy partner... It feels like he’s my father in ways where I’m asking permission and it doesn’t feel good because I know that we’ve gotten to where we are financially because of the both of us. Every time I ask for anything, no matter if it’s more face lotion, I have to overexplain why I need it for him to say yes. I don’t think he trusts me at all. And it makes me not trust myself.”

 

TAKE-AWAY: extreme financial control masked as “protection” or “traditional values” damages relationships, regardless of net worth. When one person manages all decisions and the other must ask permission for basic purchases it creates a dynamic that erodes trust, autonomy, and partnership. True financial partnership requires both people to understand the numbers, have agency over spending, and operate with generosity rather than control.

 

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