Wedding Woes

You. Can't. Fix. Him.

Dear Prudence,

My husband and I met working at a major tech company. He left with more than $2 million at age 36. On the outside, our life looks great. But he hasn’t worked since we got married nearly 20 years ago, and as a result, he’s blown through all our cash. I knew he was selling off stock but was unaware of the extent until a few years ago. I never expected he would not work again. Now he resents watching colleagues advance to senior roles, making good money, and working on exciting tech products. A few friends are starting to retire. That would have been us, too. But now we’re in our 50s with no savings. I’m a best-selling author, and my early books netted nearly $1 million from book sales. Today, I still hustle for editorial projects. He claims he couldn’t work all those years because he was too busy setting me up in my writing career. He has been helpful, no doubt about it. But I never asked him to forgo working for years. Now he’s deeply depressed. He keeps me up at night bemoaning how he’s a loser, and messed up his life, and I should leave him, or blaming me for it. I’m exhausted the next day but work on various projects—while he sleeps all day—and then the cycle starts again. I haven’t sold a book in years, and I know it’s partly due to the stress.

We have a second home that I inherited a few years ago. He’s pressing me to sell it so we have some cash. I really don’t want to sell it. I know we’ll blow through the cash in a couple of years, and then we’ll be in the exact same position. That house is the only asset that I have in my own name, and knowing that I have a potential place to land if we split up is all that’s keeping me sane. He refuses to get counseling. He has started to reach out to places to apply for jobs in earnest, but at his age, with a résumé gap of 18 years, I’m worried it’s too late, especially for the kind of jobs he’s after in the tech industry. He would never consider getting a “normal” job, like working retail or as a bartender, as he’d be embarrassed if his colleagues ran into him someplace. I really feel that I need some therapy, but I know we can’t afford it. I’m now seriously considering abandoning my writing career. I’ve been applying for jobs in part to get us health care, since we have to drop ours, as we can’t afford it. But since I also haven’t had a traditional job, it’s been a real challenge for me, too, and incredibly depressing. Friends tell me to leave, but I genuinely love my husband. He’s a smart guy who can do just about anything. He’d actually be great working for a company. But he doesn’t believe it. The negative voice in his head has become too strong and his ego is too fragile. What am I to do?

—Overdrawn

Re: You. Can't. Fix. Him.

  • CharmedPamCharmedPam member
    Ninth Anniversary 5000 Comments 500 Love Its First Answer
    edited December 2018
    Yeah LW should have addressed this 20 years ago. “You’re not working, we’re in a good spot financially... but I’m managing the books”.  Can’t complain 20 years after when LW saw it all go down hill during the time.
    edit: words

  • LW waited for it for this long and now it's the H's fault? 

    Seek a financial counselor NOW.   BOTH OF YOU.   Get the real deal and start to figure out what's needed.  If it's divorce then so be it but stop acting like your financial situation happened to you and you weren't a participant in its fruition. 
  • If LW is pushing themselces as a “best selling author” in a letter to Prudie, what do they say to their husband during fights? I’m thinking that probably isn’t helping matters. Obviously the husband needs to get up and get a job or get out, but I feel like the blame is shared here in a lot of ways. 


    image
  • LW didn’t write this letter 20 years ago when he was just hanging out at home, she’s writing it now bc they’re out of money.  They need financial counseling ASAP.  
  • What's interesting to me is, for many people, ditching it all to be a bartender or something IS the dream. Instead of being embarrassed about taking a non-tech job, hoof it down to the Caribbean and operate a shuttle boat or something. If they're at the age where they could retire (but can't due to lack of savings) now is the time to take a "retirement job" and act like it was the plan all along. 
    ________________________________


  • I did some rough "math fun".  From her letter, they have spent about $3M over the last 20 years.  That averages out to spending $150K/year.

    Obviously, the vast majority of this country doesn't even MAKE $150K/year.  Much less SPEND that much.  So cry me a f**king river.  They remind me of those stories you'll sometimes read about people who had big lottery wins and are still broke.

    There are all kinds of things they could have done to make that money last longer.  Blatantly chose not to.  And didn't even start worrying about it until the money dried up, smh.

    Definitely financial counseling and they also need to seek out therapy to go hand-in-hand with that.  Hopefully they can find some low-cost options for that.  Because they also need to change their ATTITUDE about money, spending habits, and needs/wants.  If they can't change their money attitude...which, unfortunately, is ingrained and difficult to do for most people...they will always spend wantonly.

    I'm curious about their current home situation.  Do they own their main home outright?  They are even more outrageous in the poor decision making if they don't.  Is it in a HCOL area and/or worth a lot?  Sell it and move to a smaller house and/or lower COL area.

    Her H should "freshen up" his skills by taking some classes in his field.  Getting some certifications.  If he already has a degree, he could spend 1-2 years getting a masters in his previous field and be very employable again.  But he also can't be on a high horse or embarrassed about the jobs he applies to.  Because he is now no different, job market-wise, than someone with no experience.

    On the little bit of a bright side, they got to enjoy some retirement while they were in the prime of their life.  Maybe if they look at it that way and embrace it.  It will be a little easier to face going back to work for 15-20 years, until they can retire for real. 

     

    Wedding Countdown Ticker
  • eileenrob said:
    LW didn’t write this letter 20 years ago when he was just hanging out at home, she’s writing it now bc they’re out of money.  They need financial counseling ASAP.  
    Exactly.   Her problem is that she wasn't looking to the future 20 years ago and now the present sucks.  They need to figure things out now so she has some idea of a plan and what the reality of the future will be. 
  • He needs to start "consulting" and being a "tech guy" on a contract basis...  She needs to realize that she rested on her laurels and needs to write another book or start teaching writing for some cash...  Go out on the circuit for a while.  Both of them have employable skills on the independent market but they both sound too "less than smart" to figure out how to capitalize on those skills.
  • Ugh, I read this and thought, "that idiot couple that someone posted a link to that keeps borrowing money and has thousands in debt wrote in to Prudie!" 

    No sympathy whatsoever. I can't even with people who don't plan for the future. My in-laws are like this except they're not wealthy. But they have no plan for the future and and have never tried to save up or put themselves in a position where they won't have to depend on their kids when they're too old to work their (physical, no retirement included) jobs. 
  • Ugh, I read this and thought, "that idiot couple that someone posted a link to that keeps borrowing money and has thousands in debt wrote in to Prudie!" 

    No sympathy whatsoever. I can't even with people who don't plan for the future. My in-laws are like this except they're not wealthy. But they have no plan for the future and and have never tried to save up or put themselves in a position where they won't have to depend on their kids when they're too old to work their (physical, no retirement included) jobs. 

    This letter reminded me of them also!

    For more fun math and to continue to be snarky.  If they'd put their $3M in a super conservative investment, like bonds, and got even a paltry 4% annual return...that would have been $120K/year.  Without even touching the principal.

    But then they'd have to (gasp!) figure out how to live on "only" $120K/year (sarcasm).  She'd have to clutch her cheaper pearls instead of Tiffany ones.

    Wedding Countdown Ticker
Sign In or Register to comment.
Choose Another Board
Search Boards