![]() I think it's a great thing to do personally. ![]() How long do you want to do this for? Will you ever want to go back? I think to know whether it's financially viable or not, you need to calculate your monthly expenses and see if you can live comfortably with the pay cut. I am not concerned about college costs in making this decision. And additional info, didn't want to give out too much info but my family has a college fund started. But I don't actually think this is an appropriate reflection of my values.Įdit: punctuation. Or keep slogging because it is more financially rewarding? I know what I want but is this just financially irresponsible? I feel like I should earn as much as I can. Reduce our family income to ~55-60k/year until wife goes back to work then 55k + teacher salary. I think this stepping down is ok because we have a nest egg and even with a lesser paying job, we will still be saving, just not like now and not like before when we had two incomes. This I guess is like the ultimate retirement work, since we never plan to move. ![]() And also put in some sweat equity in our home and property. We have agreed that with the extra time I can garden and do some extra stuff to save money that I can't do now, just for my limited time availability. So my question is, how irresponsible is it to step down at my role in 6 months, after xmas/new year? Take a job that pays ok but lets me be home everyday, not answer emails 24/7, and actually be a dad (my clients are across the globe so I literally have calls and work all night sometime). Free time is spent together doing oddball stuff like hiking, mostly free. Oh we are also simple folks that don't spend anything and enjoy our time together. We have one good mom-car (4 doors), dad-car is a good two seater (pre-baby buy), no debt on these either. Home is in the countryside with land value going up, in a very good public school district. We made the choice to not have a mortgage because having a home and solid foundation for the family was important (criticize whatever, I really wanted "F you" comfort if my job ever got so bad). Our house and nice property (15 acres) are completely paid off, but for that we have now about 100k in checking/saving/investment funds and about 60k in other retirement funds. My solo earnings are into 6 figures (work for international law firm). My wife (teacher) has resigned to raise kids, at least until they are school aged. I missed his early birth because I was traveling for work and couldn't make it, by a few hours. I want to resign from my job which requires insane hours and travel, because I have no time to see my baby son and we want at least one more kid.
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