Reply to Husband wants to take a huge paycut to join a startup

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[quote=Anonymous]He'd go from over 600k to 100k plus a 10% equity stake or more. Obviously the equity is the thing he's after and it's not something he can negotiate where he's at currently. He's tired of building value for other people without seriously participating in it. I do understand that. However, I'm a SAHM and we have three little kids (4-9). I'm kind of freaked out. We live below our means and save a lot. We're sitting on 1.2M in cash right now. We have another 1.5M in investments. Unbeknownst to me, this is why we have so much cash. He's been planning to spend down our savings while he tries this out. He says it'll take 3 years to know if it works or not. If it doesn't, he'll look for a better paying job. I don't feel right spending down our savings, however, so if he does this, I think we should live very simply in the meantime. No eating out, no vacations, no purchases except for the strictly necessary for the kids like shoes etc. etc. I have a strong suspicion that he'll have a much harder time with this than me. He's used to just buying and spending whatever.

Am I allowed to tell him that if he does this, he needs to drastically cut his spending? Am I allowed to voice concerns re: money? I have to stand by and let him try this right? The worst thing would be if I said no and then he has to watch their company take off.

I'm thinking about going back to work but there are some problems with that. 1. for various reasons that I can't go into on here, I can't go back to my old field (burned my bridges big time). Fwiw, it was my husband's idea that I SAHM and he's always said he doesn't think I should go back to work back when it would have been easier to do so. 2. I don't think I'm qualified to do anything else except the most basic office work. I haven't worked in 8 years. Maybe I could get a waitressing job at  night or something for the spending money? 3.) our youngest won't be in full time school for another 2 years.

ugh. I have such a bad feeling about this. What would you do? Just sit back and watch?[/quote]

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