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

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[quote=Anonymous]OP, it sounds as if you and your DH have a very nice life. And I completely understand your uneasiness about making such a big change.

But I also completely understand your DH's thinking. And if he doesn't take this opportunity, he will always wonder "what if" and may wind up chasing worse opportunities to compensate.

What you should do is work on a budget. What you spend now, and what you expect to spend over the next three years. It's likely that camps and activities will increase in cost over that time. Include health insurance, if you know what that will look like with the startup.

Then map out the big picture - 529s, retirement, big trips, house remodels, etc. With all the money you have already saved, you are likely just fine in all those categories.

Once you have those numbers, then sit down with your DH to make sure you are on the same page. Without seeing actual numbers, it appears that you will be very worried and DH is not seeing the reality. The numbers should help clarify everything, and also set the stage for when DH might need a Plan B.

Good luck! Startups are very sexy, even though a good number fail, so it's hard to resist their allure. Having a plan will help make it easier on both of you. [/quote]

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