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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I will give some practical advice, because though the details are a bit different I have a DH like this and 2 kids and we has made similar decisions.

1.  It sounds like your DH has had other offers to do this and feels particularly good about this one.  Understand why.  I would guess he has good insticts and judgement if he is making that HHI.  I would look for reasons to trust his judgement.  It will be easier for you if you are excited also and on the same page.

2.   Organize a meeting where you can propose a new budget and discuss some of the tradeoffs with him.  Maybe pick a [b]different summer camp. [/b] [b]Talk about packing lunch[/b].  Talk together about the decisions and then track the spending.  I think this will calm your anxiety.   Set a number that you feel comfortable with drawing down savings each year.   Do not go over that number.

3.  Now that your kids are a bit older - are you interested in getting a job?  I have always worked and this has allowed my DH to take more risks.  I held the insurance, and make a good salary and that certainly helps with the ups and downs of startup life.  I also really like working.   Maybe you set a timeline - say 1 year, and then you can decide if you want to go back to work based on your feelings and how well the startup is going.  This does increase stress levels and I recognize that it may not be for everyone because my career can be stressful in its own right.

4.  Like others here, my DH has had good experiences and bad here but overall been very financially successful.  It is a different risk reward equation.   He sounds like he understands that and is still attracted to that and I would overall encourage him to explore it.

Good luck.  [/quote]

Summer camp is COMPLETELY optional for a SAHM, not sure why that is even an issue.

:lol:  :lol:  :lol:  :lol:  If I was as at a startup and I saw one of our executives packing his lunch, I would be looking for a new gig pronto... :lol:  :lol:  :lol:  Are you trolling the OP??[/quote]

How do you know if it's not his personally prepared strict diet lunch? I find it very hard to eat outside of home more than once a week once you hit 40: too much salt, sugar, etc. [/quote]

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