Anonymous wrote:Anonymous wrote:Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.
This. I manage two trust funds for my kids. The terms allow me to make reasonable withdrawals for myself, but not for other people.
What do you mean by the husband’s “high paying” job?
He's the manager of an Arby's.
Anonymous wrote:Anonymous wrote: Not sure where to post this. Someone I went to college with is looking for people to invest in her small business. I was taken aback and asked a fellow friend if she is getting divorced. Nope. She even took out loans. Her husband has a trust fund and a high earning job. She has done all sorts of things to help support him in his career (free labor) and she does plenty of domestic things that they would have to pay a fortune to hire out (cook, raised kids, was active on PTA, entertaining his parents who are not nice to her). I want to help her out, but I am not rich like her husband and we really need to stick to secure investments for our kids' college and our retirement. I saw her business plan and it is well done and I do think she will be successful. I just am stunned. Is this common that wealthy people with highly supportive spouses can't be bothered to help the spouse out financially with starting a dream?
LOL. That's just being a parent. No one pays you to be on the PTA or be nice to your in-laws. And butt out. You don't know why he's not funding her dream. Maybe this is Dream No. 17. Maybe he thinks it's a stupid idea. Maybe they agreed that he pays for her house and clothes and food and car and phone and she pays for this on her own. Maybe she doesn't want his money. Maybe the trust fund has restrictions. Who knows? Not you.
Anonymous wrote:Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.
This. I manage two trust funds for my kids. The terms allow me to make reasonable withdrawals for myself, but not for other people.
What do you mean by the husband’s “high paying” job?
Anonymous wrote: Not sure where to post this. Someone I went to college with is looking for people to invest in her small business. I was taken aback and asked a fellow friend if she is getting divorced. Nope. She even took out loans. Her husband has a trust fund and a high earning job. She has done all sorts of things to help support him in his career (free labor) and she does plenty of domestic things that they would have to pay a fortune to hire out (cook, raised kids, was active on PTA, entertaining his parents who are not nice to her). I want to help her out, but I am not rich like her husband and we really need to stick to secure investments for our kids' college and our retirement. I saw her business plan and it is well done and I do think she will be successful. I just am stunned. Is this common that wealthy people with highly supportive spouses can't be bothered to help the spouse out financially with starting a dream?
Anonymous wrote:I have a trust fund. The terms would not allow me to give money to a spouse to start a business.
Anonymous wrote:Some couples have separate finances.
Maybe he is funding some of it. Maybe he thinks it is a bad investment.
It doesn’t sound like she sounds like the best investment if you yourself don’t think you can risk your money in her.
My Dh earns a seven figure income and we have joint everything. He is very risk averse in general. I have thrown out some business ideas over the years that he didn’t sound excited about. We had 3 young kids so I didn’t pursue. If I had pursued, I could see him not wanting to invest in my business or just throw a little in and tell me to find investors.