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

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[quote=Anonymous]OP

People have discussed this but I think what you need is a plan to get a handle on your expenses.

Given your family's ability to save, it is likely you do not follow a strict budget and the lack of knowledge may be what is making you panic slightly.

If you do not know how much you spend, can you reverse engineer the past 6 months to see how much you spent to get a realistic understanding of what will require either cutting back or dipping into savings?

Only with real numbers in front of you will you have a handle on what is actually at risk for this three year investment of time.

Knowing nothing but the fact that you are clearly amazing savers and you probably pay a lot in taxes, I would expect your actually spending does not exceed $200K/year and is probably much less given the lack of a mortgage.  Even if you had to dip into savings for $150K/year, that would only be $450K over 3 years, less than 40% of your cash savings.  I would actually suggest moving half of your cash into relatively conservative investments.

How mu[/quote]

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