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re: *Updated* Life changing income about to happen and I need advice

Posted on 1/12/21 at 6:03 pm to
Posted by makersmark1
earth
Member since Oct 2011
16855 posts
Posted on 1/12/21 at 6:03 pm to
quote:

They live in custom homes and do swanky vacations all the time.


I’m not sure this is how real wealth should be measured.

I guess it’s nice to have fun and have nice things, but I want generational wealth to transfer to my heirs as a legacy.

Good luck with whatever this is.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 1/12/21 at 6:33 pm to
I’m confused by his decision to quit his job: surely he was the provider of the family health insurance through his work? So now they’re likely paying for family coverage out of pocket. Wouldn’t it have been more economical to keep the subsidized health insurance through work and hire a housekeeper/nanny to deal with the home keeping and child minding while he continued to work?

Glad he’s not my spouse: she works nonstop 12 hr days and his response is to quit his job? Lol.
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