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Reply to "Husband wants to take a huge paycut to join a startup"
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[quote=Anonymous]The chances that your DH is going to hit it big on his first startup experience ever with a 10 percent stake are slim to none. That's just fact-based reality. Yes, you have a lot of assets but other factors are your age and how much of those assets are planned for college, retirement, etc. You need to sit down with a financial planner or a spreadsheet if you are good with that kind of thing and map out what this all really looks like. Yes, you can all make it work but you have 3 kids and you have to be responsible and know how you're going to make it work. Also, if you think he's not around now, he will never be around. Startups mean working all the time, no real vacations, a lot of stress, and often dealing with a lot of growing pains and personality challenges. It will be his main focus, 24-7. If it's not, chance of success goes to zero, not slim.[/quote]
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