Don't Choose Lifestyle Over Babies

Julia is trying to make a good decision about going back to work after having a baby. She went back a few weeks ago, and her husband’s job is 100% commission.

QUESTION: Julia in Johnson City is trying to make a good decision about going back to work after having a baby. She doesn’t want to and has been off for 10 months unpaid. She went back a few weeks ago, and her husband’s job is 100% commission. Dave tells Julia he’d quit today.

ANSWER: All jobs are 100% commission. If you don’t work, they won’t pay you anymore. There is no such thing as stability. Haven’t you noticed?

You have $120,000 cash in the bank, and he makes around $50,000 a year. You have no debt other than your house, and you have retirement underway. I can tell you what I’d do if I were in your shoes. I’d quit today.

Tell Nerd Boy to loosen up a little bit and live his life. He’s trying to control too many variables. He’s a classic financial dude. I know him. I look in the mirror at him.

You do whatever you want to do, kiddo. I’m telling you if you and I were married and you wanted to be at home with the numbers you gave me, you’d be at home today. I don’t think it’s a stupid decision. It’s the best investment you’ll ever make. You could be raising Billy Graham. Listen, I’m not choosing money over kids when I get past necessities. Your necessities are met. You guys have done a good job. You’re very conservative and very wise in the handling of your money. This is a fear-based decision that got you back to work. Fear-based decisions are seldom the right ones.

You’re going to make some lifestyle changes to be able to do this and live within his income. If you’re not willing to do that, then go to work for lifestyle, and we’re choosing lifestyle over kids, and that’s a bad choice.