“Otherhood” by Melanie Notkin is an essential look at the life of a career woman. I read this book because I am trying to understand better how women will navigate into their retirement years, especially if they are not married.
The author did not plan to be unmarried her entire life; however, due to circumstances, she was still unmarried at age 43. It is important to note that she wrote this book in 2013. Many of the lifestyle choices she made are more prevalent today, in 2021.
As an entrepreneur, it is my job to predict the future flow of income. I expect that many single women who will turn 40 and 50 will need to build up large sums of money for retirement. Building passive income is challenging, even for couples. I want to orient my content to this new wave of single women. With that in mind, here are my five takeaways.
1) Many women were led to believe that they could have a “large” career and also a “large” family. A small percentage of women can, but most cannot.
2) It may be difficult for successful career women to find other “more” successful career men. Most of these women don’t want to “settle” for the average Joe.
3) To produce $80,000 a year in passive dividend income, you would have $2 million in your portfolio. This number is something all single people should be striving to obtain (men and women).
4) Around age 35, women start to feel the pressure of their fertility coming into play truly. For a career woman, hitting age 35 can happen in a flash. I know I hit 22 years in the Marine Corps in an instant.
5) There are many ways to assist women in having children in their later stages, but they are all costly. These expenses are something to take into account when retirement planning.
I am very interested in today’s dating culture because I have two sons (15, 10). The most important decision they make is who they decide to marry. Who they marry will affect the entire family.
I want to start gearing some of my content to the subset of permanently single women because there will be many of them. I don’t know if the media is doing a great job explaining how crazy expensive retirement planning, assisted living, and tax planning can become in time.
This book opened my eyes to the lives of career women. They are amazing people that social programming told to focus on career and education. Unfortunately, they are working against their biological clocks. If you are reading this, ensure you know how you want your life to turn out, and start planning backward. For me, having a family is my most important achievement.
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