I have been married for 20 years and thinking of a career change. My wife is not supportive of my choice even though I have proven how I can risk the financial award. It is causing issues in our relationship and she is even threatening divorce.

Trace D., Louisville

 

Kimberly bwK.G. – When you marry someone you become part of a team. Everything that you do affects her. It sounds like to me that if you have to prove the “financial reward” you are leaving a job that is stable and paying the bills for something that is unstable. If this is the case, you are taking a big risk with your financial future and hers.

I have no idea how old you are, but if you have been married 20 years you are probably in your mid 40’s or 50’s. This is not an age where you want to be financially insecure. You most likely have kids in college, or about to attend college, plus a mortgage, a car payment, and countless other bills.

If I was your wife, I don’t know if I would be too excited about you leaving a secure job for something that may or may not pay off in the end either. It is true that lots of successful businesses have been started in a garage, but these individuals started their businesses while working a full time job. They worked nights and weekends and built their business up until they were able to financially support themselves.

Lets say you move forward with this career change, without your wife’s blessing. The business fails, you lose all the money you invested in the business and on top of that are unemployed. You will have selfishly gambled the financial security of your wife and children and lost everything BOTH you and your wife have worked for.

A good compromise for both you and your wife is to keep your current job and start your new business on the side. When your business grows and becomes successful leaving your current job will be less of a financial risk. This would be a win win for everyone involved. You still get to start your new career and your wife doesn’t have to live with the fear of being in financial ruins.

 

Send your questions to Kimberly at kgreenwell@kagconsulting.com