Roger Schlesinger

The results are definitely in. . . . we lost! Women rule (probably always have) and we have at least abdicated peacefully. How do I know this ? Very simply, when a man calls us for advice he ALWAYS says let me discuss it with my wife. Women who call NEVER, for the most part, ever say let me discuss it with my husband. They either say let's do it or not. That doesn't mean, or imply, that women do not think before they act because they absolutely do. It means they don't have to ratify their decision with their husband because he already abdicated his right to dessent. . . . for the most part.

Does this hold in all forms of finance ? Not a chance. But it does almost always hold in matters of the "nest". What gets done with the nest is women's territory from the purchasing of it, to the financing of it and the eventual sale of it. It extends to the protection of the "nest" with life insurance and disability insurance. It also includes the investment in the house when it comes to expanding it or redoing it which includes redecorating or refurbishing the house. Are you surprised?

When do men get the say? Generally when it comes to other investing and retirement planning. In the later case you always know the man has his hands in it because it is generally overdone. There isn't a better topic at a cocktail party then the size of ones retirement plan and the various aspects of it. I previously wrote a column (2006) about retiring the retirement plans because of the over kill I see all the time in the dedication to have the largest and most complex plan ever, even to the detriment of the current household budget.

Why do I bring this up, certainly not to stir the battle of the sexes. No, I bring it up because I don't see the value in the way we are conducting the " family business". All you have to do is sit in a mortgage signing where the husband says to the signer, why are we pulling this extra money out of the house? What had happened is the wife forgot to mention some rather extravagant spending before coming to the closing and then you are not sure whether to call the police or the paramedics. A little extreme, perhaps, but I 've seen that "play" more than once. Am I saying that this is the woman's fault? Nope! Its everyone 's fault.

Roger Schlesinger

Roger Schlesinger's Mortgage Minute is heard on hundreds of radio stations and daily on the Hugh Hewitt radio show and Michael Medved shows. Roger interacts with his hosts and explores the complicated financial markets in order to enlighten his listeners and direct them along their own unique road to financial freedom.