Away with the rich, to home with the poor?

princessbelle · 09-12-2011, 09:41 AM

My advice would be sit down and make a budget. See where it will leave you financially if you make this move.

If you can make it, i'd say go for it. If you can't, maybe save more for awhile and get a nice nest egg to live off of while you adjust and pay off as many bills as you can.

Before i went to college i made very little money and made it just fine. Now that i make more money, i still try and live modestly. All the money in the world won't make you feel secure if you have more going out than coming in.

Budget budget budget. Set your priorities on paper, the pros and the cons...including time together. See where you are at that point.

But above all, as others have said, make sure you have excellent communication. Don't let resentments grow...for either of you.

Good luck.

Bella~Vita · 09-12-2011, 10:10 AM

Sometimes sacrifices have to be made to secure a netful gain for ones future. I agree people are out of work, I think maybe you two should sit down and look at things realistically. It's nice to be home and all lovey dovey but in the end love doesn't pay the bills. I'm an old hag but this is my opinion ...lol.

Waldo · 09-12-2011, 10:39 AM

Taking into account that you live in Kentucky...

I know people living in Los Angeles with car & student loan payments who are earning around $40k (what you say you might be able to earn if you worked locally).

Of course you COULD do it. The question is likely more about whether you want to make the lifestyle adjustments necessary, no?

BullDog · 09-12-2011, 10:58 AM

I don't know what type of business you have to know if it's feasible, but I'm with Ruffryder, I would look to see if you could hire employees or get a business partner to reduce time spent on road if you are able to still bring in some good income doing that. Having a successful business is no easy feat and being gainfully employed in this economy isn't easy either, so I would try to hold onto the business in some form if you possibly can.

Julie · 09-12-2011, 12:09 PM

I have read this post over and over again and read the responses.
Honestly -
Can anyone really give you advice on this?

Unless you are willing to post your monthly expenses (including extras/food/etc). And ask one of our more financially wise members to see if it is feasible, based on $750 a week and create a budget for you -- I don't really think you can get your answers.

Only you know what your expenses are and if you can live on this.
If you know you can and you are okay with making personal sacrifices, such as those extras (eating out, etc.) again, that's so personal. You and your partner know what you're willing to give up.

I remember when I was MUCH YOUNGER and making a LARGE income (Human Resource Director). I chose to give up my career to stay home and raise babies. I did create a working environment for myself, so I could stay home by cutting my salary 2/3's *huge*. This included giving up my expensive lifestyle and completely altering my way of life. It was worth it to me - I raised my kids. And I struggled and sometimes I could barely put food on the table - but my kids always ate and had what they needed.

Not everybody can do this - not everybody is willing to give up the extras. Are you willing?

Julie

DapperButch · 09-12-2011, 12:44 PM

My first thought when I read your post was, 'That would be utterly insane to do'. Then I read some of the posts and thought, well, those are good thoughts and those are good thoughts, and....

But, I have pretty much come back to thinking it is insane.

Well, not really, but...

I looked at your picture, you are quite young. If you were 60 years old and close to retirement, that is one thing. As BullDog said, creating a successful business is no easy feat. Do you think you would be able to do it again if things changed in your life? And let me ask you this, if the relationship ended, would you regret having sold your business?

Now, if you said that you had a nest egg large enough that you could be confident with the right investing it would be enough for you/your family's retirement, or if you said that what you can get for the business will grow to meet your retirement needs, I'd say go for it. If you can't say that, I would pause.

There are a lot of sources where you can pull up financial calculators to look at various scenarios. I would consider doing that. Make sure when you do that you also run the numbers as to what age you could retire based on the amount of money you could start investing right now versus the amount you could invest if you went with your "new salary". Bet it is about 12-15+ years earlier (but, I am guessing at your age here).

Just my 2, harsh cents.

P.S. I think for me the big thing is that it is your own business. It is not like you can decide that the lower salary doesn't work for you and you can go back out and get another job making that same amount. It is your own business. Go the route of hiring someone or just simply cut back on the business you are doing.

P.P.S. Bottom line, though, you need to have a happy home life. Just don't make a change that will risk the financial future of both you and your family, based on your partner's desires at this moment in time.

Good luck.

09-12-2011, 09:41 AM	#1
princessbelle Infamous Member How Do You Identify?: femme Preferred Pronoun?: femme ones Join Date: Nov 2009 Location: Tennessee Posts: 6,100 My Photo Gallery Thanks: 29,380 Thanked 30,496 Times in 5,198 Posts Rep Power: 21474858	My advice would be sit down and make a budget. See where it will leave you financially if you make this move. If you can make it, i'd say go for it. If you can't, maybe save more for awhile and get a nice nest egg to live off of while you adjust and pay off as many bills as you can. Before i went to college i made very little money and made it just fine. Now that i make more money, i still try and live modestly. All the money in the world won't make you feel secure if you have more going out than coming in. Budget budget budget. Set your priorities on paper, the pros and the cons...including time together. See where you are at that point. But above all, as others have said, make sure you have excellent communication. Don't let resentments grow...for either of you. Good luck. __________________ ~ I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. ~ Maya Angelou

09-12-2011, 10:10 AM	#2
Bella~Vita Member How Do You Identify?: femme Preferred Pronoun?: she Join Date: Nov 2009 Location: where salt is used for Margaritas not Snow Posts: 891 My Photo Gallery Thanks: 1,049 Thanked 1,322 Times in 443 Posts Rep Power: 7157596	Sometimes sacrifices have to be made to secure a netful gain for ones future. I agree people are out of work, I think maybe you two should sit down and look at things realistically. It's nice to be home and all lovey dovey but in the end love doesn't pay the bills. I'm an old hag but this is my opinion ...lol. __________________ ~ I believe that pleasing everyone is impossible..... but pissing everyone off is a piece of cake ~

09-12-2011, 10:39 AM	#3
Waldo Member How Do You Identify?: Special Snowflake Preferred Pronoun?: she/her Relationship Status: Married Join Date: Oct 2009 Location: Wine Country, Oregon Posts: 470 My Photo Gallery Thanks: 22 Thanked 792 Times in 238 Posts Rep Power: 1006289	Taking into account that you live in Kentucky... I know people living in Los Angeles with car & student loan payments who are earning around $40k (what you say you might be able to earn if you worked locally). Of course you COULD do it. The question is likely more about whether you want to make the lifestyle adjustments necessary, no? __________________ Perved lately? \| My website \| NEW: lez.org

09-12-2011, 10:58 AM	#4
BullDog Infamous Member How Do You Identify?: Dominant Stone Butch Daddy Preferred Pronoun?: She Join Date: Nov 2009 Location: In A Healing Place Posts: 5,371 My Photo Gallery Thanks: 18,160 Thanked 22,640 Times in 4,463 Posts Rep Power: 21474857	I don't know what type of business you have to know if it's feasible, but I'm with Ruffryder, I would look to see if you could hire employees or get a business partner to reduce time spent on road if you are able to still bring in some good income doing that. Having a successful business is no easy feat and being gainfully employed in this economy isn't easy either, so I would try to hold onto the business in some form if you possibly can. __________________ Love consists in this, that two solitudes protect and touch and greet each other. - Rainer Maria Rilke

09-12-2011, 12:09 PM	#5
Julie Senior Member How Do You Identify?: Angel * Femme * Lesbian * Girl * Woman * Slut * Bitch * Preferred Pronoun?: She Relationship Status: No longer a Virgin Bride to Dreamer ~ May 17th, 2014 Join Date: Nov 2009 Location: New York Posts: 4,674 My Photo Gallery Thanks: 17,676 Thanked 18,160 Times in 3,633 Posts Rep Power: 21474857	I have read this post over and over again and read the responses. Honestly - Can anyone really give you advice on this? Unless you are willing to post your monthly expenses (including extras/food/etc). And ask one of our more financially wise members to see if it is feasible, based on $750 a week and create a budget for you -- I don't really think you can get your answers. Only you know what your expenses are and if you can live on this. If you know you can and you are okay with making personal sacrifices, such as those extras (eating out, etc.) again, that's so personal. You and your partner know what you're willing to give up. I remember when I was MUCH YOUNGER and making a LARGE income (Human Resource Director). I chose to give up my career to stay home and raise babies. I did create a working environment for myself, so I could stay home by cutting my salary 2/3's huge. This included giving up my expensive lifestyle and completely altering my way of life. It was worth it to me - I raised my kids. And I struggled and sometimes I could barely put food on the table - but my kids always ate and had what they needed. Not everybody can do this - not everybody is willing to give up the extras. Are you willing? Julie __________________ “Sometimes only one person is missing and the whole world seems depopulated.” ~ Alphonse de Lamartine - 1790-1869 http://i374.photobucket.com/albums/o...ps4d9fb6c0.jpg I Love You ~ I Love Us May 17, 2014

09-12-2011, 12:44 PM	#6
DapperButch Roadster Guy How Do You Identify?: FTM, Stone Butch Preferred Pronoun?: He Join Date: Nov 2009 Location: Northeast Posts: 7,745 My Photo Gallery Thanks: 26,545 Thanked 26,809 Times in 5,771 Posts Rep Power: 21474858	My first thought when I read your post was, 'That would be utterly insane to do'. Then I read some of the posts and thought, well, those are good thoughts and those are good thoughts, and.... But, I have pretty much come back to thinking it is insane. Well, not really, but... I looked at your picture, you are quite young. If you were 60 years old and close to retirement, that is one thing. As BullDog said, creating a successful business is no easy feat. Do you think you would be able to do it again if things changed in your life? And let me ask you this, if the relationship ended, would you regret having sold your business? Now, if you said that you had a nest egg large enough that you could be confident with the right investing it would be enough for you/your family's retirement, or if you said that what you can get for the business will grow to meet your retirement needs, I'd say go for it. If you can't say that, I would pause. There are a lot of sources where you can pull up financial calculators to look at various scenarios. I would consider doing that. Make sure when you do that you also run the numbers as to what age you could retire based on the amount of money you could start investing right now versus the amount you could invest if you went with your "new salary". Bet it is about 12-15+ years earlier (but, I am guessing at your age here). Just my 2, harsh cents. P.S. I think for me the big thing is that it is your own business. It is not like you can decide that the lower salary doesn't work for you and you can go back out and get another job making that same amount. It is your own business. Go the route of hiring someone or just simply cut back on the business you are doing. P.P.S. Bottom line, though, you need to have a happy home life. Just don't make a change that will risk the financial future of both you and your family, based on your partner's desires at this moment in time. Good luck. __________________ -Dapper Are you educated or indoctrinated?