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Reply to "Career move that pays much less but fulfills personal ambition"
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[quote=Anonymous]How much overhead do you have relative to her current income and your savings? If you're spending a lot of what she's earning and don't have a big nest egg (which I'd think you should with that income), then that's a different equation than if you're saving a lot and can help soften the income loss. I read years ago that "the secret to early retirement is low overhead." Without at all living too frugally or ascetically I tried to stick to it and, indeed, it was the way to an early retirement without the need to cut back much, if at all. If you're highly leveraged and spending a lot of that $1.75M/yr., that's different. In general I'd say do it. It doesn't seem like it's foreclosing options long term and if she's in a large law firm, for ex., she has no job security these days anyway so the $1.75M could go away ... [/quote]
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