During this summer, several events happened in my life. The first one was to quit my second job about two months ago. I needed to free up my mind and my schedule for the next things that were coming up in August. Then, I became a father for the second time on August 5th. This new baby brought us a lot of happiness and great moments. However, this will also result in additional expenses. Recently, I started a MBA in financial services. This is a great step for my career considering the fact that I am only twenty-five. When everything happens at the same time, it is always a great moment to take a step back and look at where you are and where you want to go.
This is when I realized that I was still pretty far away from one of my biggest goal; offering my wife the possibility to stay at home and take care of our two kids. For all feminists of this world, donâ€™t worry, I am not one of these guys who want to have control over their wives. In fact, this idea came from my wife. As she is working in a daycare, she does not think she makes sense by taking care of otherâ€™s children while her own are two doors away.
On top of that, we must admit that when we both come back from work at , nothing has been done in the house and supper is not ready, it is quite a mess! I lived it during four month before my wife got pregnant for the second time and we did not like it at all.
So our solution is to keep her at home so she can take care of our children. She nets about $1,500 a month. So in order to keep our same life style and investment plan (our Smith Manoeuvre and Retirement Plan), we need to either drop our expenses or increase my income. Another alternative would be to create alternative source of income. We can look at passive income or also make money from a sideline such as starting a small company or my wife could work part time from home.
I would like to reach this objective within the next year. My wife is scheduled to go back to work in September 2008. This is when her maternity leaves ends. This would be an awesome gift to tell her that she does not need to go back to work again!
Iâ€™ll write more on ways to make this happen (although I donâ€™t have a complete plan yet!). I thought that if I blog about it, it will force me to be more creative and realize my goal faster. In the meantime, I would like to hear back from readers if they found ways to make it happen or how they increase their income or reduced their expenses.
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