Planning Our Life Together and Reaching Our Financial Goals
My wife and I have been having a lot of life planning discussions recently. Now that we are married it is time for us to start putting together "our" big picture.
Of course we have talked many times about this previously, but since we are coming to a crossroads with my wife's career, my career, starting a family, and settling down we are really being weighed down by where we want to be in 5 years. Here are some of the things we are both thinking about:
- My wife left her teaching job to join me on the international assignment. Will my wife return to working full time when we return to the US? Is it time for a career change or to start looking for something that would be more conducive to raising kids?
- Where are we going to settle down? Right now we have my wife's townhouse that she brought into the marriage, but its too small for us to stay there more than 12 months. It doesn't meet what we are looking for to settle down in.
- When are we going to try to start a family? With all the things we are doing it never seems like a good time - 6 months from now? Next year? Or is the right time in two years when we are settled back into the US, my wife's career has been resumed, and a home established?
- What level of importance do we give my career? The bulk of the acceleration of our net worth growth has been due to my career growth. Am I happy trying to continue to climb the corporate ladder? Do I still have the motivation and energy to continuing investing in it? Am I ok leveling off and focusing on other things besides my job?
There are a lot of questions between us and at times we are both feeling overwhelmed with the ramifications of making some of the upcoming decisions.
How Does This Affect Our Finances? All of these issues have a direct affect on our finances. At times the financial ramifications are all I can think about - perhaps because they are the easiest yardstick for me to use.
However as my wife has astutely pointed out to me every time the discussion turns to finances that we shouldn't always use that as the basis for our decisions. If we did I would be working in the most stressful and miserable job out there because it pays the most. We would also be living in the smallest, least convenient home we could find because its the cheapest. Its all about finding a balance with something that works for us.
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