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Subject: "My wife recently quit her job to sell women’s clothing. " Previous topic | Next topic
Cold Truth
Member since Jan 28th 2004
44970 posts
Wed Mar-23-16 04:18 PM

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10. "My wife recently quit her job to sell women’s clothing. "
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I posted about it a few weeks ago. It puts us on a budget of one steady, stable that will lean heavily on my overtime. It’s a scary situation truth be told but it’s also very exciting. She’s already a happier person overall. With us, this was a very calculated risk with a few layers of relative financial protection. It’s definitely not her long term dream and we see it as a 3-5 year window to ride this wave into whatever comes next.

We have a long term plan in place with a goal of me leaving by this time next year, if not before.

Which leads me into my failures, shortcomings, and procrastinations. I posted up about a ‘big idea’ a few years ago. Some things didn’t fall in place the way I thought and hoped, I got a little depressed and discouraged, and then life sort of took over and we’ve had several major life changes since the beginning of last year- promotion for my wife, new office for both of us, the birth of our son, sold a home, bought a home in a different city which gave us a commute, and now this current venture.

For what it’s worth I haven’t given up on that idea. I haven’t given up on selling beats or finishing up a small collection of short stories and one novel either. But today is about priorities and we have a plan in place. I have a daily regimen I began this week in the name of achieving these goals. I have to keep those things in play on some level. Hopefully I can pull something off.

In terms of talking you into taking such a significant leap, I’d simply advise you to prioritize things and do everything you can to cover yourself in case things don’t work out. Personally I would follow a basic principle of investing: only invest that which you can afford to lose. Go in with the understanding that you could very well lose everything you put into this and prepare accordingly. There’s definitely a sacrifice involved but as long as you can hedge against a relative catastrophe and maintain a measure of stability, I say go for it and do so with great confidence.

Best of luck and please keep us updated.

  

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#wefamily: Talk me into it [View all] , JellyBean, Wed Mar-23-16 02:25 PM
 
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there's an argument to that but I forgot how it goes...
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if you don't do it you'll regret it. You won't regret having tried.
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what do you have to lose?
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make me some food and i will tell you if you should do it
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lol good point
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really though
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Word. When's JellyBean having that cookout?
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You'll regret not trying more than failing
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Do you have restaurant BUSINESS experience or are you just a good cook?
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I'm EDUCATED in restaurant business
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You can fail at jobs you don't love, so might as well try one you do
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prolly the biggest test
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just do it..
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