Trust fund husband with lucrative job won't fund wife's business?
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Anonymous
| Not sure where to post this. Someone I went to college with is looking for people to invest in her small business. I was taken aback and asked a fellow friend if she is getting divorced. Nope. She even took out loans. Her husband has a trust fund and a high earning job. She has done all sorts of things to help support him in his career (free labor) and she does plenty of domestic things that they would have to pay a fortune to hire out (cook, raised kids, was active on PTA, entertaining his parents who are not nice to her). I want to help her out, but I am not rich like her husband and we really need to stick to secure investments for our kids' college and our retirement. I saw her business plan and it is well done and I do think she will be successful. I just am stunned. Is this common that wealthy people with highly supportive spouses can't be bothered to help the spouse out financially with starting a dream? |
Anonymous
| MYOB |
Anonymous
Wealthy husband who sends wife begging to friends for money has entered the chat. |
Anonymous
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I have a trust fund. The terms would not allow me to give money to a spouse to start a business.
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Anonymous
Yes, but if you had a high paying job, couldn't you donate some of that money to your wife? |
Anonymous
| You don’t know all the details. It might be that he’s a jerk, or it might be something different, like she’s really bad with money or has done something untrustworthy. Maybe she wants to do it without his help so she can be “independent.” If you can’t afford it, you shouldn’t give her money. If you aren’t giving her money and you’re not married to her, it’s really not something you should worry about. |
Anonymous
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Some couples have separate finances.
Maybe he is funding some of it. Maybe he thinks it is a bad investment. It doesn’t sound like she sounds like the best investment if you yourself don’t think you can risk your money in her. My Dh earns a seven figure income and we have joint everything. He is very risk averse in general. I have thrown out some business ideas over the years that he didn’t sound excited about. We had 3 young kids so I didn’t pursue. If I had pursued, I could see him not wanting to invest in my business or just throw a little in and tell me to find investors. |
Anonymous
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How do you know he didn’t invest in the beginning or that she had some failed businesses in the past?
I would not judge. MYOB. Invest if you think it would be a good investment. |
Anonymous
Raised kids sounds like they are gone and he funded her early retirement for years. I’m certain he paid for all of that, because nothing is “free”. Maybe he thinks it’s her turn to put in some hours of hustle. Or maybe she gave herself the challenge to start it from scratch to prove to herself she could do it. |
Anonymous
"Friend" who wrote original post is dismayed her wealthy, yet cheap, husband entered the chat. He should just believe in her dreams, however wacky! |
Anonymous
| What kind of business? Is she looking for an active partner or just money? I would stay far away, personally. |
Anonymous
| Oh you've seen the business plan, so it must be lucrative. Grow up, OP, you know nothing about this woman's so-called business and how she would run it. I agree with the first PP, mind your own business and stop gossiping about your so-called friend. You sound awful. |
Anonymous
| So what good is he? |
Anonymous
| Perhaps she doesn’t want him to fund this endeavor. |
Anonymous
+1 My BFF was in a very serious relationship in the 80s with a guy who was starting a business and wanted to put $2K into it. He wouldn’t let her because he didn’t want it to affect their relationship if it failed. That business now has a market cap of more than $20 billion. |