Reply to DH wants to quit job to join startup

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. A net worth of 6M total (including the college accounts and home equity) is atrocious for early 40s?

DH doesn’t make 800k every year. Some years it is 500k.[/quote]

No it is not atrocious. How ridiculous! On one thread on this board, you have people talking about how 70% of millennials live paycheck-to-paycheck and presumably have NO savings. Then on this thread, you have people telling the OP she is poor and has “atrocious” saving habits when she and her husband are sitting on 6 million in their early 40s. And the market is down, so if it ever goes back up, they’ll probably have 20% more.

Make it make sense.[/quote]

The answer is that there is no amount of money that is "enough saved" for DCUM.[/quote]

The people that think this way are scared, coping, and/or jealous. If someone thinks $6mm isnt enough of a base to start a company then they will never start a company. They will always have an excuse on why it’s not the right time and then not do it. What if dh makes $2mm at his startup in the next year? Everyone is focused on the downside - the downside is things don’t work out and he gets a new high paying w2. Upside is probably large. What does this startup do?[/quote]

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