Komelika
New Contributor
While reading another thread about a good job being a detriment it got me thinking about my longterm plan. My job and a few other things are definitely keeping me from taking the plunge. My situation is this, I have a wife that stays home with our two small children. She will stay home for the next four years until our youngest is in school according to our plan. I make at minimum $80k a year and with OT (maximum of 60 hours per week) I can earn up to $100K. So, I'm not quitting my job anytime soon. In four years, however, when my wife goes back to work we plan to pay off our house very quickly, which will make us debt free barring any unforeseen circumstances. While she is working and the children are in school I will scale my hours back to 36-48 hours per week and have 3-4 days off per week. I think then I could feasibly start something up with the potential to create real wealth. Maybe that something involves my wife instead of working for someone else. I have no idea at this point what that something might be. So my question to the members here is, given that time horizon, what skills would you spend your time developing? Web design? Basic business skills? Any ideas will be appreciated.
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