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None of the above.
Invite her over but don't give her the money. Get her to justify why she needs the money. No matter what bullshit reason she gives you, say that it's been so long since you saw her that you don't trust her anymore. Look her straight in the eyes and tell her that that trust "needs to be re-built" before you would even consider helping her out financially. Then sit closer to her and let her seduce you. Seduce her if she is scared to make a move. Get your dick out, she will know what to do with it if she wants your cash. Then after you've fucked her brains out and made her cum, you still don't give her any money. Tell her something along the lines of "I can't support a woman unless I'm in a relationship with her" then be silent and let that sink in. DO NOT mention the other guy. If she brings him up, just be firm and say "This is about us and our family. Nobody else". Let her cry if necessary and do not comfort her (high emotions are good).
Basically you need to project a more masculine image. Ignore what she wants. She dumped you, remember? You owe her nothing. She should be the one on her knees begging for you to come back. Never forget that.
If you want to get back with her, she needs to earn your trust and a new relationship would need to be on your terms, not hers. You're not the same old loser she left 6 months ago. You're a successful player with a successful business. If she wants in on the action, she has to give you what you want.
Women want what they can't have. If you carry on being so easy and accommodating, you are not providing her with a challenge. Train her to understand that no relationship = no money.
And if she doesn't accept your terms, show her the door and walk away. Just because she's your kid's mother, doesn't mean she is untouchable. She is still just a girl. She will probably test your frame, but you need to make it clear that you will walk away if she is not prepared to meet your terms. Be strong. She may be angry with you at first, but if you stay strong, she may go home sleep on it, then contact you a few days later. Don't contact her first. Let her chase.
Damn I wish I read your post earlier.
She called me in from a blocked number and asked me where we can meet up so I can give her the money. I said "let's meet up at Anthony's pizza tonight because I need to talk to you before anything" she said that she couldn't tonight and that it had to be now!!! That's when I said " we'll then if you can't tonight well I am sorry maybe some other day." That's when she started having a fit saying " oh you see you don't want to help me out you always make excuses" that's when I blow off and said " look I am not with you anymore so why don't you ask your boyfriend to help you out??? And she said well he is always helping me out and how wonderful he is, all that bullshit"
I really had a bad day because if this shit. I don't know if I did the right thing by telling her no like that over the phone. Is there a way I can recover from this?? Maybe bait her into thinking I will give her money then don't?
I will bait and switch her if I have too, and make her think I will give her money, at this point I could care less if she thinks I am an asshole, my ethics and morality fly out the door when someone tries to take me as a fool.