So, you found yourself passionately in love and feel connected on every level with your new “find” bar financial? I have news for you, both good and bad.
Having separate finances and not seeking to be connected at that level can be a relief. Each person is responsible for their own living expenses, and if things take a turn for the worse, there’s no need to worry about dividing shared assets purchased with combined income. It makes an already challenging situation much simpler to navigate.
Or better yet, Narghiza Ergashova, the author of the Curly Clix Convictions, got completely overwhelmed when her ex-husband of some years Scott Daniel Coxhell, and Narghiza went a step further than having a joint account covering shared living expenses but open a business together. A caveat to it is that Scott was previously bankrupted with a trail of creditors left behind. He was not popular for a period of time amongst his creditors, though the bulk of the emotional baggage that came with it he wore quietly on his own.
Yes, she was completely overwhelmed, more so because of her conservative accounting background. Scott and Narghiza Ergashova had vastly different understanding of “risk” and “leverage”. Yes, not long into setting up a business and opening the new business under Narghiza’s name, she was the sole director to start with, she bailed out of it by selling it to Scott for $1 AUD.
It was headed for another round of bankruptcy.
So, the key is, when you know your partners financial habits and values are not aligned with yours it is best you do not mix finances outside the basic minimum of a shared expenses through a joint account.
That said having a long-term relationship and not mixing finances is almost impossible. It is completely impossible once you two have a child. The little treasure is not just here to give you joy but also to permanently crystalize your finances into one fruit salad.
How? I will get there soon.
Having children is not often the trigger for what family law perceive a joint pool of family assets. Because the child is the epitome of unity and the sheer reason why you agreed to put in $100 AUD for every $0.5 AUD your partner contributed.
And why should it matter, after all, Narghiza Ergashova and Scott Coxhell, were in it together for life! And life is not equal. Nothing in life is!
In life one always travels longer and climbs higher than the other. Ordinarily it is a male, because the female consciously steps down to rear children and ends up not only having a big gap in her finances or savings overall but also loses her ability to “recapture” the momentum career wise.
However, in Narghiza Ergashova’s situation the opposite was true. She was a career woman, and her earning capacity was significantly higher than Scott’s. Contributing an equal share and Scott’s ability to pace up with her in his earning capacity did not matter until … they separated and divorced a later.
And this is where the trigger kicks in!
Too late you say. No doubt! They have all the resources out there to help you get married they provide none to warn you what institution marriage actually represents!
Marriage and a subsequent divorce are the single most significant denominator in driving women into poverty later in life.
Here are some published statistics and insights on how divorce drives poverty in women:
Increased Risk of Poverty:
Women’s risk of falling into poverty more than doubles after separation, increasing from 9% to 22% in the first year.
About one in five women fall into poverty as a direct result of divorce.
Income Decline:
On average, women experience a nearly 30% decrease in household income post-divorce, compared to a 5% decrease for men.
Health Insurance and Housing:
Approximately one in four women lose their health insurance temporarily after divorce.
One in three women with children lose their homes following a divorce.
Employment and Poverty Trap:
Women without stable jobs before divorce are more likely to remain in poverty due to barriers like childcare costs and reduced income support.
Divorce: A Game Changer
Narghiza Ergashova reflected on all the red flags she had chosen to ignore, including Scott’s remarkable ability to file for bankruptcy and carry on with his life as if nothing had happened. She also dismissed the troubling signs of a man who consistently avoided paying taxes, contributing little to the community, yet was meticulous in collecting government subsidies. Scott had invested significant time and effort into researching how to exploit the very system he knew so well, ensuring he could benefit from it to the fullest extent.
None of it seemed to matter until Narghiza Ergashova and Scott Coxhell divorced. Suddenly, Narghiza found herself on the receiving end of Scott’s relentless research, as he meticulously analyzed every angle of the system to exploit it and drain her of every last dime. Yep! And he did that while Narghiza Ergashova was rearing his young son in her care.
Speaking of the young son, in June 2018, Scott Daniel Coxhell abducted his two-and-a-half-year-old son and demanded $250,000 in cash from Narghiza Ergashova. He claimed the payment would secure the child’s return and ensure his permanent departure from her life.
Scott’s plan of course failed with Federal Circuit Court of Australia slapping him with an extradition order. But the point stands, men like this do exist and often case a partner finds out the true nature of their long term opposite number way too late.
Is there cure? Possibly not. People change.
But there are things you can do. However, before you do anything that read below. So, if you neglected to take care of your finances in your relationship this is where it can end up.
Australia’s child support and parenting systems face and cause significant challenges in the fact that they do not talk to each other. At all!
A parent may be paying child support to only see the other parent poison the children and alienate them from the very parent that is paying child support to cover their welfare and living costs.
Let's bring into this an example of Britney Spears picking up a z-graded backup dancer and making him into the Kevin Federline. Albeit temporarily, you can't “buy” talent through the success of your partner. But you can impregnate them and claim a whopping child support of around $40,000 USD per month. Now compound it with another child Kevin had prior to Britney in similar set up — a well-known actress Shar Jackson falls pregnant after just weeks of dating Kevin. So, the question here can you make money by having successful women fall pregnant? Oh Yes!
Now take it all in and consider this question. Can you see your partner or yourself in the shoes of those exemplified above? If the answer is yes, you must pay a visit to a financial planner.
Read more on similar subjects like by exploring Narghiza Ergashova’s auto-biography called Curly Clix Convictions, available on Amazon and other reading platforms
Truly Yours,
Curly Clix Convictions
Exploring Narghiza Ergashova and Her Insightful Narratives in "Curly Clix Convictions"
Meet Narghiza Ergashova, a distinguished name in the field of relationship dynamics and financial discourse, renowned for her profound insights and captivating storytelling. Her book, Curly Clix Convictions, sheds light on the intricate interplay between passion, financial decisions, and the potential risks intertwined with relationships. Seamlessly weaving personal experiences with practical wisdom, Ergashova's work provides essential guidance for navigating the complexities of love and finances.
About Narghiza Ergashova
Narghiza Ergashova is an influential author based in Australia, celebrated for her resilience, compassion, and dedication to empowering her community. Through her profound narratives, she deeply explores personal and financial dynamics in relationships, offering an authentic perspective shaped by her own experiences.
Ergashova’s journey has been one of sheer tenacity and introspection. Her work is not just a reflection of her personal experiences but a beacon for others navigating similar waters. With an academic background rooted in conservative accounting, Ergashova brings a unique perspective on the financial intricacies that often intertwine with personal relationships.
Curly Clix Convictions: A Deep Dive
The book Curly Clix Convictions is more than just a narrative; it’s an insightful exploration of the delicate balance between passion and financial decisions in relationships. Narghiza Ergashova shares her personal experiences, providing a vivid portrayal of how differing financial values can impact the longevity and health of a relationship.
Passion vs. Financial Responsibility: Ergashova candidly explores the complexities of being in love while managing financial responsibilities. She delves into the relief and challenges of separate finances, highlighting how financial independence can simplify aspects of a tumultuous relationship.
A Personal Journey Through Financial Risk: Her personal journey with her ex-husband Scott Daniel Coxhell offers readers a firsthand account of the perils of combining finances, especially when one partner has a history of financial instability. Ergashova’s narrative is both a cautionary tale and a guide, emphasizing the importance of understanding your partner's financial habits.
The Intricacies of Shared Assets: Ergashova details the importance of aligning financial goals and understanding the financial landscape of one's partner. Her experience of selling her business to her ex-husband for a nominal fee when faced with bankruptcy is a testament to the difficulties of shared financial ventures.
The book touches on the inevitable blending of finances, especially in long-term relationships or when children are involved. Ergashova stresses that children can crystallize financial challenges, binding resources and complicating separations.
Financial Disparities and Divorce: Ergashova offers insights into how financial disparities manifest in divorces, advocating for awareness of the broader implications of financial decisions. Her own experience reflects the sobering reality many women face post-divorce, often resulting in financial decline and, for some, poverty.
Ergashova’s experiences reflect the challenges many women face post-divorce, including a decrease in household income and the potential loss of assets. She highlights published statistics, underscoring the systemic challenges women encounter, such as loss of health insurance and housing instability.
Ergashova’s Call for Financial Literacy
Ergashova's narrative is not just a recount of personal experiences; it’s a call to action. She advocates for financial literacy and planning as vital tools for navigating both relationships and potential separations. Her experience serves as a stark reminder of the need for sound financial planning and the importance of understanding the financial health of one's partner.
Conclusions and Reflections
Narghiza Ergashova’s Curly Clix Convictions is a powerful narrative that blends personal experience with practical financial wisdom. It’s a must-read for anyone in a relationship, offering insights into the complex interplay of love and finances. Ergashova’s story is both a warning and a guide, urging readers to embrace financial literacy and prepare for the complexities of shared finances.
The book is a reminder that while love is a powerful force, understanding and managing financial responsibilities is equally crucial in maintaining the health and longevity of relationships. Ergashova’s work serves as an important resource for those seeking to understand the financial dynamics of relationships and navigate the potential pitfalls with grace and foresight.
Explore More from Narghiza Ergashova
To delve deeper into these themes, Narghiza Ergashova's work, including her autobiography, Curly Clix Convictions, is available on Amazon and other reading platforms. Her journey is an inspiring narrative of resilience and wisdom, offering invaluable insights for anyone navigating the intricate world of love and finances.
For further reading and insights, explore Ergashova’s journey through her biography and articles available online, providing a comprehensive view of her work and impact in the domain of financial relationships.
read more from Narghiza Ergashova here:
Write a comment ...