Trust fund husband with lucrative job won't fund wife's business?

[Anonymous]

Why is this under "Family Relationships," OP? She isn't your family, and her relationship with her husband is most assuredly none of your business.

[Anonymous]

Anonymous wrote: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.

That could be.

[Anonymous]

I had a friend growing up who came from extreme wealth, but was very down to earth and low key as was her mother. I was stunned when I saw her home and so impressed how low key she was even talking about summer travel.

I think when people are flashy about wealth-talking about trust funds, big beach houses, expensive travel and then even ask for money from those with whom they are flashy, it will attract attention. You don't get it both ways. If you like to talk about all the things you have an experience due to wealth and you ask for money from others, even if you don't demand it, then you don't get to dictate whether people will talk about it.

It's like celebrities who chose to live in the spotlight and draw attention vs those who simply buy nice homes away from the press and don't try to get attention for their privilege. People rarely talk about them. They lead their lives without needing attention for all they have.

If you don't want people to talk about your wealth, then don't talk about your wealth. If you don't want people to wonder why you need money, then don't ask for money.

[Anonymous]

Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.

This. I manage two trust funds for my kids. The terms allow me to make reasonable withdrawals for myself, but not for other people.

What do you mean by the husband’s “high paying” job?

[Anonymous]

Anonymous wrote: 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?

LOL. That's just being a parent. No one pays you to be on the PTA or be nice to your in-laws. And butt out. You don't know why he's not funding her dream. Maybe this is Dream No. 17. Maybe he thinks it's a stupid idea. Maybe they agreed that he pays for her house and clothes and food and car and phone and she pays for this on her own. Maybe she doesn't want his money. Maybe the trust fund has restrictions. Who knows? Not you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.

This. I manage two trust funds for my kids. The terms allow me to make reasonable withdrawals for myself, but not for other people.

What do you mean by the husband’s “high paying” job?

He's the manager of an Arby's.

[Anonymous]

Anonymous wrote:

Anonymous wrote: 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?

LOL. That's just being a parent. No one pays you to be on the PTA or be nice to your in-laws. And butt out. You don't know why he's not funding her dream. Maybe this is Dream No. 17. Maybe he thinks it's a stupid idea. Maybe they agreed that he pays for her house and clothes and food and car and phone and she pays for this on her own. Maybe she doesn't want his money. Maybe the trust fund has restrictions. Who knows? Not you.

But according to OP, the inlaws are not nice to her friend! So the DH should support her dreams of starting a lucrative business making dryer-lint art. After all, they have had many a lavish trip to Europe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.

This. I manage two trust funds for my kids. The terms allow me to make reasonable withdrawals for myself, but not for other people.

What do you mean by the husband’s “high paying” job?

He's the manager of an Arby's.

[Anonymous]

Sounds like he's not putting up the capital because he doesn't believe in the business idea, which is his prerogative.