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A couple both age 38 with 2 young children (ages 4 and 6) are thinking whether to sell their fully paid up investment property valued at $3.5m?
If they were to sell the said property, the wife could become a stay at home mom.
The other option is to keep the property and continue to have dual income.
A part of the comment:
I am publishing my reply to this comment as a blog to see what others have to say since I don't have all the answers.
What do I think?
This is my reply:
"Congratulations to this couple because what they have is a first world "problem."
"I cannot provide an answer as to which option is better because it all boils down to what is more important to the couple at this point.
"The choice is not between two evils and to determine which is the lesser evil here.
"The choice is between two outcomes which are good in their own ways.
"Is time spent with the children in their formative years more important or is greater certainty in money making more important?
"What I do know is that kids grow up very fast.
"Growing up, I didn't get to spend much time with my parents as both of them had to work long hours.
"If our family had been financially better off, then, things might have been different.
"Taking the feelings of children into consideration in financial matters is a luxury for most families but for this family, it could be a luxury which is affordable.
"We have to ask how much is enough and I can only speak for myself."
Recently published:
Avoid this when interest rates rise.
References:
1. When can I quit my full time job?
2. My family almost went bankrupt.
3. Financial freedom and not enough time.
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