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Relationship Discussion (non-explicit)
Reply to "What income makes a man marriage material?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This debate is always so fascinating to me. My husband was making $15k when I met him helping run his family business. He was late thirties. Had multiple income bearing properties. Had zero debt. I was a lawyer making ten times more than him, but boatloads of school debt. We went out and borrowed seven figures for a business for us both to run, but mostly him. It brought us about $100k a year in profit. We sold it after ten years and he started his own business. I now make more than $500k per year in large part to him owning his own business and being very involved in family stuff. He makes much less with a new biz in a pandemic, but I don’t care what he makes. He might eventually be more successful than me. But his income has never mattered “that” much because I can support myself. But, I also 100% believe that money solves problem. We have a kid with profound special needs and the ability to outsource has saved us. [/quote] Sounds like he is not (or you both are not) that good with money. No one smart borrows seven figures to buy a business earning $100K per year; you can just build one of those in 2-3 years with zero debt.[/quote] The business made a lot more than that. I’m taking about what we pulled out after debt service and reinvestment. And really it was probably more like $200k many years. We did very well. We paid off the seven figure loan quickly.[/quote]
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