SB Q&A #1

Recently I answered several questions from a SB.  She asked some really good questions so I thought I'll post them here.  It's also a good lead in to some of the topics I'll be posting in the blog.

Which do you think make a BETTER SD and why? A millionaire SD or a "thousandaire" SD.

Based on the expected allowance, of course the pot SD should be at a certain income level to even be able to afford it.  So let's do some math and figure out what that is.  For example, at 3k a month or 36k a year, it's equivalent to about 50k/year before tax. If a SD can spend 20% of his gross income on his SB then that means he should make at least $250k a year.  I call this "Allowance in Real Dollar Terms" and it will be one of my blog topics.

In addition, if a SB expects more on top of the allowance, such as gifts, trips, spa, fine dining, etc then that need to be factored into the equation as well.  As a rule of thumb for the SD, the allowance is only the starting point and he could spend up to an amount equal to the allowance in addition on other things in a sugar relationship.  Most SB's tend to underestimate the total amount of money her SD spends on her.

Keep in mind a SD's wealth, income, and lifestyle does not directly relate to how generous he is for an allowance.  He has to be able and willing to provide an allowance.  Some wealthy men are willing to spend lots of money on fun things and gifts, but when it comes to providing direct financial support they think there is a stigma associated with it as if they're too good to be "paying" for a SB or GF.  I'll talk about some of the ways to change their minds in my blog.

Also, whether the SD is married and what kind of work he does are factors to consider as well.  A married SD, regardless of how wealthy he is, may have limitations on what he can do financially to keep it under the radar from the spouse.  A SD who owns his own business or works in the financial industry will generally have more financial flexibility.