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Reply to "If your DH could double his pay but had to travel often, would you take it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on number of days/month of travel and if there is any extar vacation he is accumulating that you can perhaps use more frequently. and if you see any big expenses coming up that you can cover for: house? private school?[/quote] DH is basically using his accrued vacation to do this second consulting job. Instead of going on a summer vacation, he is using the time to do the consulting work. DH normally earns about $250k per year. He has earned about $200k extra from this consulting role in the past 7 months. The consulting role will probably only last for another 1-2 years. DH thinks he should just milk it and save the money. We have no large expenses coming up.[/quote] NP here. I initially was going to say "no way" but...that's a lot of money in a short amount of time. This sounds like a windfall and an opportunity that has dropped in your lap and I'd be loathe to turn it down. It depends on age of children, the rest of your local support network, and what the regular work week is like, but I'd lean toward doing it. We'd plan to keep our expenses the same and put all the consulting money toward other things. With a million dollars in 2 years, our family would pay off our mortgage and invest/save fully for retirement and kids' college. Of course money is not everything and it can't buy happiness or time with your kids. But it can buy a lot of financial security which can translate (should your family choose to make it so) into time with kids and an earlier retirement in the longer term.[/quote]
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