Reply to HHI 600k - Husband Wants To Quit

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[quote=Anonymous]If this is for real, I would not give up 600k/yr (or even 200-500k/yr) "guaranteed," for a business that may or may not be worth 10 figures in a decade or two. Business valuation is wrong more often than not; while those might be the private equity predictions now -- all it takes is for investment tastes to change again; one competitor to emerge; or one run in with a gov't regulator for a 10 figure valuation to suddenly drop to a 5 figure valuation.

With 4 months off, even if he hates medicine, he's not working all that much. Why not stay in until his 40s and then make a decision? By that time this company will have taken off or not -- if it takes off, is his family really going to say he can't have a cushy VP gig in the family business? If it doesn't take off, well he'll be glad he didn't give up his 600k/yr gig.

The only things that changes the preceding is if he desperately wants out of medicine. If he is miserable and the money just doesn't make it better for him (and I know MDs like this), then tell him to go with the 300k job and you as the wife need to learn to live with it. If he's merely ambivalent about medicine -- he can stay in for a while.[/quote]

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