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24/7 financial security... What? How? - 9/29/2006 11:38:33 AM

MASTERRocker

Posts: 277
Joined: 9/19/2006
From: Kitchener-Waterloo, ON
Status: offline

I would like to know how O/others compensate their 'little ones'.
It is a wonderful thing to be in a TPE 24/7 relationship - but what happens financially; before the move; during the time; and ... yes... after the relationship ends....
Is there legal matters - i.e. -division of assets, education funding, immigration grants, etc..

Post #: 1

RE: 24/7 financial security... What? How? - 9/29/2006 11:47:20 AM

Frank01

Posts: 270
Joined: 9/7/2006
Status: offline

You should not be keeping property if you cannot afford to provide for it. I think a slave should have a funded account of her own in case of a break up-unless she works outside of the home.

Running off to be with a guy out of a sub frenzy can lead to some real train wrecks-better have a safety net!

(in reply to MASTERRocker)

Post #: 2

RE: 24/7 financial security... What? How? - 9/29/2006 11:49:52 AM

EducatedDomina

Posts: 7
Joined: 9/24/2006
Status: offline

Hi. I jumped on this from the main page, so I hope I'm not interrupting or repeating.

Finances are difficult. I don't believe any slave should own anything. But I'm not interested in having it either. So I usually have them set up an account in their name, then just give me access to it. Whatever they earn while they're with me is placed in that account. Anything I spend specifically for them comes from that account, and is otherwise just left alone. And yes, I keep careful records, just in case, but thus far I've never been called on it.

When they're finally released I simply give the access cards back and off they go. You avoid lawyers, and there's really no way they can complain about anything, should they be of a mind to.

(in reply to MASTERRocker)

Post #: 3

RE: 24/7 financial security... What? How? - 9/29/2006 11:50:39 AM

juliaoceania

Posts: 21383
Joined: 4/19/2006
From: Somewhere Over the Rainbow
Status: offline

I thought some slaves financially supported the home

_____________________________

Once you label me, you negate me ~ Soren Kierkegaard

Reality has a well known Liberal Bias ~ Stephen Colbert

Great minds discuss ideas; Average minds discuss events; Small minds discuss people. Eleanor Roosevelt

(in reply to MASTERRocker)

Post #: 4

RE: 24/7 financial security... What? How? - 9/29/2006 11:56:24 AM

PrincessDonna

Posts: 189
Joined: 7/7/2006
Status: offline

Each Dom decides the $$ of her subs and slaves,Ive had some that only did food shopping, some that pay only for my travel,you get the picture.Both parties have to be accepting of the arrangement from the beginning. Donna

(in reply to juliaoceania)

Post #: 5

RE: 24/7 financial security... What? How? - 9/29/2006 11:57:34 AM

EducatedDomina

Posts: 7
Joined: 9/24/2006
Status: offline

They do. It really all depends on your style. I've had some that never wanted to leave the house, but most would go insane unless they had some exterior motivation (i.e. part time job). My standard arrangement is that I use that money to pay for them. And sometime I allow them to buy gifts.

I've always toyed with collaring six or eight of these lovely "financially independant" slaves and forming a stable. Open a little hotel somewhere, have them staff it, and we all live the life we want until settling into happy retirement! Ha!

But seriously, slaves and finances are pretty straightforward so long as everyone is above board about it.

(in reply to juliaoceania)

Post #: 6

RE: 24/7 financial security... What? How? - 9/29/2006 12:01:11 PM

MasterC46910

Posts: 108
Joined: 4/17/2006
Status: offline

What has worked in the pass for me was that the slave would sell off or store her stuff. Put her money in an account, then she holds the accounts in her name. I have no access or control over it. This is a live in stay at home slave. Anything she needs while with me I would supply. She earns no other money and if she did it would go to me. Anything she had before is hers waiting for her if she should ask to be released or I should decide to let her go. With one slave, I did pick up the monthly storage fee. The other two did not rent storage, but kept stuff elsewhere.

(in reply to juliaoceania)

Post #: 7

RE: 24/7 financial security... What? How? - 9/29/2006 12:02:30 PM

Bearlee

Posts: 2311
Joined: 10/25/2004
From: South Central CO
Status: offline

Interesting. Hey, I'm an old broad...and not interested in signing over all that I have to anybody else. I've been around the block a couple times and realize 'stuff happens'. I will keep my house and my retirement...thank you very much!

Having said that...I do not believe I must be 'supported'. Sure...if he's got the money (what a concept) to live like the top 1%...fine, I won't work then (assuming he doesn't want me to). Past that...I expect to make a financial contribution to my upkeep.

I've never met someone who wanted access to my money...and to tell the truth, I don't mind being TOLD how to spend it or how to save it. Perhaps they could also be on the paperwork; but it would be an AND kinda signature thing...not an OR type. I feel it just makes for a more relaxed, trusting relationship.

But...that's just me
bearlee

(in reply to juliaoceania)

Post #: 8

RE: 24/7 financial security... What? How? - 9/29/2006 12:05:10 PM

Bearlee

Posts: 2311
Joined: 10/25/2004
From: South Central CO
Status: offline

Seeeeeeeee! ...what MasterC said; yeah! <grinz>

(in reply to Bearlee)

Post #: 9

RE: 24/7 financial security... What? How? - 9/29/2006 12:09:43 PM

purelea2003

Posts: 78
Joined: 12/12/2005
Status: offline

My opinion for consideration:

I think money equals both power and freedom in many instances. Those are not things condusive to encouraging slavery. But a slave should be an economic asset to it's Owner. They have been throughout history.

I've a plan similar to EducatedDomina. What it says is any money earned by the slave is divided 3 ways. A set amount is for the slave's share of household expenses. Half of the remainder goes into a discretionary spending account (personal needs for the slave) and the other half into an untouched long term savings account. I would have control of all accounts until the slave's release. Whatever amount remains in discretionary spending as well as all the long term savings would be given back to the slave.

I've run into the problem of speaking with some slaves who already have large assests. They own busnessess, have large incomes, investments or own real estate for instance. I don't have a plan for that

(in reply to juliaoceania)

Post #: 10

RE: 24/7 financial security... What? How? - 9/29/2006 12:21:50 PM

MasterFireMaam

Posts: 5587
Joined: 3/1/2006
From: Charleston, WV
Status: offline

Money and finances are always delicate things. In all honesty, as with so many other things, it will simply depend on the people involved. There are an endless variety of way to run a household, from a simply "paying rent" type thing to a total surrender of asset and debts. If the slave and Master agree on a total surrender of assets and debts, the slave assumes the risk of loosing everything surrendered while the Master risk going bankrupt by assuming the debt. I know Masters who feel that the Master should not benefit financially from the slave. I also know Masters who will not accept slaves who don't have 5k+ in a bank account so that they have "duck and cover" money in case the relationship doesn't work out. I know slave who have done a total surrender of assets to a relationship that lasted less than a year. Because they legally signed everything over, there is no taking it back.

My personal view is this: If the slave is willing to risk the asset surrender, I am willing to LOOK at the debt surrender. It doesn't mean I will accept it. I expect the slave to contribute to the household in a manner that at least covers the cost of having them there. I expect the slave to contribute a portion of their salary to the household fund used to purchase extra things that make family life better, such as toys, tvs, computers and travel. I expect to be able to direct how they spend their money and how to manage their debt. I also expect to be named the executor of their estate, if they are single, although I am open to discussing this if it is not appropriate due to extenuating circumstances.

But, this is me and MY household.

More details: http://geocities.com/master_fire_maam/HouseofFireManual.htm#FinancesIncome

Master Fire

_____________________________

The power of who we are can be intoxicating. The power of who we could be is humbling.
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Ms Relationship Books
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BDSM How-To Books

(in reply to MASTERRocker)

Post #: 11

RE: 24/7 financial security... What? How? - 9/29/2006 12:25:47 PM

Missokyst

Posts: 6041
Joined: 9/9/2006
Status: offline

This thread kind of makes me glad I am submissive and not a slave. I have stuff, income, a great job and life on my own. I don't think I would want that to be part of the package which is me.

I do believe that people who move in together 24/7 have to have a backup plan in place. If one is financially supported by another person, they should also have some savings set aside if they leave.
I myself, am a worker. I could not imagine expecting someone to support me for life. I have never been into the 50's sort of housewife mentality.

Live together? Make sure both are contributing and that either one is able to stand on their own when it becomes necessary.
In nilla, or bdsm it just makes sense.
Kyst

_____________________________

pain is the breaking of the shell that encloses your understanding ~Gibran, Kahlil

“The truth is, everyone is going to hurt you. You just got to find the ones worth suffering for.”
― Bob Marley

(in reply to MASTERRocker)

Post #: 12

RE: 24/7 financial security... What? How? - 9/29/2006 12:26:20 PM

Archer

Posts: 3207
Joined: 3/11/2005
Status: offline

Not saying it has to be done this way but one of the best way's I've seen the financial dependance thing handled went something like this.

Upon comming to the Master, the slave would sell their car to the Master at bluebook value (or there abouts) the slave would sell, place in remote storage, anything beyond the personal allotment of stuff. The storage would be paid from house funds along with all other house bills.
The money from all sales before comming would go into an account in the slaves name ready to be used should things not work out long term.

The slave would be expected to work outside the home at least part time, they would be alloted an allowance from their checks, the remainder going to the House Budget. (Thus paying for their own upkeep). A certain set percentage of the paycheck would then also be deposited into the slaves bank account for retirement/ possibe release at some future date.

Now the Master would then assume all financial responisbility incluing in one case the nuring home bill for a slave's mother after she got ill.
That bill became part of the House Budget.

Should the slave be released for any reason a set resettling payment of $X + the access to the bank account they started before comming and contributed during thier time there, would be given to the slave.

The one thing that this tends to leave unaddressed is the fact that a slave would have a credit score loss during that time since the time in ervice would have no record of them using credit. Of course that could be addressed easily enough, it was the one gap I found in that Master's system of handling it.

(in reply to Bearlee)

Post #: 13

RE: 24/7 financial security... What? How? - 9/29/2006 12:29:51 PM

raiken

Posts: 868
Joined: 10/18/2005
Status: offline

quote:

ORIGINAL: Bearlee

Interesting. Hey, I'm an old broad...and not interested in signing over all that I have to anybody else. I've been around the block a couple times and realize 'stuff happens'. I will keep my house and my retirement...thank you very much!

Having said that...I do not believe I must be 'supported'. Sure...if he's got the money (what a concept) to live like the top 1%...fine, I won't work then (assuming he doesn't want me to). Past that...I expect to make a financial contribution to my upkeep.

I've never met someone who wanted access to my money...and to tell the truth, I don't mind being TOLD how to spend it or how to save it. Perhaps they could also be on the paperwork; but it would be an AND kinda signature thing...not an OR type. I feel it just makes for a more relaxed, trusting relationship.

But...that's just me
bearlee

Hey i'm with you on this one...*grin i have worked too darn hard to just hand my life savings, my career and my home over to another simply because i choose to serve him and call him Master.

If he wants me as his slave, then he gets me, as he is in a relationship with ME and NOT my stuff. Just the way i believe.

(in reply to Bearlee)

Post #: 14

RE: 24/7 financial security... What? How? - 9/29/2006 12:53:47 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

quote:

ORIGINAL: raiken

quote:

ORIGINAL: Bearlee

Interesting. Hey, I'm an old broad...and not interested in signing over all that I have to anybody else. I've been around the block a couple times and realize 'stuff happens'. I will keep my house and my retirement...thank you very much!

Having said that...I do not believe I must be 'supported'. Sure...if he's got the money (what a concept) to live like the top 1%...fine, I won't work then (assuming he doesn't want me to). Past that...I expect to make a financial contribution to my upkeep.

I've never met someone who wanted access to my money...and to tell the truth, I don't mind being TOLD how to spend it or how to save it. Perhaps they could also be on the paperwork; but it would be an AND kinda signature thing...not an OR type. I feel it just makes for a more relaxed, trusting relationship.

But...that's just me
bearlee

Hey i'm with you on this one...*grin i have worked too darn hard to just hand my life savings, my career and my home over to another simply because i choose to serve him and call him Master.

If he wants me as his slave, then he gets me, as he is in a relationship with ME and NOT my stuff. Just the way i believe.

Raiken, that's what I believe too.
I'm looking for a LTR live-in here with me.
I would assume that the sub/slave would be working and contributing to the household 3 or $400 per month in rent and other expenses but also saving something every week in their own savings or investment account.
I would like a Collared, Owned slave but that doesn't mean I am going to rip them off financially.
Like any lawyer will tell you, "keep finances seperate unless you get married."

(in reply to raiken)

Post #: 15

RE: 24/7 financial security... What? How? - 9/29/2006 3:54:18 PM

OhReallyNow

Posts: 249
Joined: 9/11/2006
Status: offline

quote:

ORIGINAL: MASTERRocker

I would like to know how O/others compensate their 'little ones'.
It is a wonderful thing to be in a TPE 24/7 relationship - but what happens financially; before the move; during the time; and ... yes... after the relationship ends....
Is there legal matters - i.e. -division of assets, education funding, immigration grants, etc..

this slave's owner does not need to compensate his property She is quite capable of providing for herself if the need should arise. This slave will say this; if Master was to ever broach the subject of 'compensation' in the way that you refer to it, this slave would be highly insulted.

_____________________________

~ When anger rises, think of the consequences
CONFUCIUS ~

(in reply to MASTERRocker)

Post #: 16

RE: 24/7 financial security... What? How? - 9/29/2006 4:27:28 PM

patina

Posts: 493
Joined: 9/14/2006
From: no
Status: offline

I wonder if that in the case of where the slave or sub has an income and is willing to use her money for luxuries would that not be acceptable. Such as going on a nice vacation a couple times a year. A weeks cruise, fly to Ireland, something like that, of course with the Dom, or even rent a luxurious cabin in the mountains for a week or two.

Should she also not use that money for her own hobbies, such as painting supplies, oils and canvas can get a little expensive at times.

How about medical? What if she has no medical ins. of any kind? Who foots the bill for that one?

Patina

_____________________________

a diamond in the rough

(in reply to popeye1250)

Post #: 17

RE: 24/7 financial security... What? How? - 9/29/2006 6:09:57 PM

shadevarr

Posts: 360
Joined: 7/2/2006
Status: offline

I take care of medical, dental and vision for my slaves. It only seems logical that I would wish to protect my property, then again I also do not allow unemployed slaves within my household.

(in reply to patina)

Post #: 18

RE: 24/7 financial security... What? How? - 9/29/2006 6:15:59 PM

Liannan

Posts: 14
Joined: 9/25/2006
From: PA
Status: offline

When Tee moved in, she sold her house, second car and all furniture and set up a savings account with it. She worked for a year after moving in and of that income, 90% of it went straight to her savings. I am not named on the account and do not use that money at all. But she isn't allowed to use it either and I use her account number and password to monitor it online. It is strictly off limits. That is for her if she ever leaves. I pay for medical, household expenses, and car insurance becasue I can and because I want to. She's less expensive than my daughter was as a teen. This works well for us.

_____________________________

Lia
Searching for a sub who will fit well into my odd little family...

(in reply to patina)

Post #: 19

RE: 24/7 financial security... What? How? - 9/29/2006 6:20:26 PM

bandit25

Posts: 3029
Joined: 6/18/2005
Status: offline

quote:

ORIGINAL: Bearlee

Interesting. Hey, I'm an old broad...and not interested in signing over all that I have to anybody else. I've been around the block a couple times and realize 'stuff happens'. I will keep my house and my retirement...thank you very much!

Having said that...I do not believe I must be 'supported'. Sure...if he's got the money (what a concept) to live like the top 1%...fine, I won't work then (assuming he doesn't want me to). Past that...I expect to make a financial contribution to my upkeep.

I've never met someone who wanted access to my money...and to tell the truth, I don't mind being TOLD how to spend it or how to save it. Perhaps they could also be on the paperwork; but it would be an AND kinda signature thing...not an OR type. I feel it just makes for a more relaxed, trusting relationship.

But...that's just me
bearlee

From one old broad to another...right on! I feel the exact same way. Now, my Dom has given me some wonderful financial advice and I've followed it. We don't live together but I think even if we did, I'd work. I don't know what I'd do with myself if I didn't!

< Message edited by bandit25 -- 9/29/2006 6:24:43 PM >

(in reply to Bearlee)

Post #: 20

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