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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]You and he have saved a ton of money to be able to do this. Many years ago, after we had saved a lot of money (nothing like you have!) my DH did this. He was frustrated being a well paid cog in a big organization and wanted to do something entrepreneurial when our children were 5, 3 and 1. A long story made short, he took a lower salary and a lot of equity and made a great deal of money. He then took some of it and invested in another business and again did incredibly well. Give him the three years he needs to see if it will work and give him all the support and encouragement he needs. Sure, pinch pennies a bit but don't go crazy.[/quote]

Op shouldhere from folks who did this were it didn't work out to understand most likely real world scenarios and how it all worked out ok. Maybe not $$$ ok but still fine. ?? [/quote]

Don't think about failure! If he makes $100,000 how much will you need to dip into savings to cover your needs? Since you've been big savers it doesn't sound like you spend a ton of money. The only real risk is if he needs to invest $500,000-$1,000,000 in the deal and could lose it all. That's a very different issue.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics