Damon (Caller from San Jose, California)

Thank you, sir.

Thank you, sir.

Thank you, sir.

So, how do I or should I ever disclose to my wife that we are secretly worth millions of dollars?

So, how do I or should I ever disclose to my wife that we are secretly worth millions of dollars?

So, how do I or should I ever disclose to my wife that we are secretly worth millions of dollars?

Yes. I've been in the United States for 20 years.

Yes. I've been in the United States for 20 years.

Yes. I've been in the United States for 20 years.

I was born in Korea, but I was raised in San Jose.

I was born in Korea, but I was raised in San Jose.

I was born in Korea, but I was raised in San Jose.

That is correct.

That is correct.

That is correct.

So, the thing is, we are somewhat of an American couple. The I work, my wife is a stay-at-home wife because that's just how we chose to. The thing is, I'm the saver and she's the spender. And for me, I have been working very hard, working my job and my business just to grow to where we are. And I am not sure whether I should ever disclose

So, the thing is, we are somewhat of an American couple. The I work, my wife is a stay-at-home wife because that's just how we chose to. The thing is, I'm the saver and she's the spender. And for me, I have been working very hard, working my job and my business just to grow to where we are. And I am not sure whether I should ever disclose

So, the thing is, we are somewhat of an American couple. The I work, my wife is a stay-at-home wife because that's just how we chose to. The thing is, I'm the saver and she's the spender. And for me, I have been working very hard, working my job and my business just to grow to where we are. And I am not sure whether I should ever disclose

or net worth to her because I do not know how she's going to react.

or net worth to her because I do not know how she's going to react.

or net worth to her because I do not know how she's going to react.

To be honest, the thing is, she and I have very different perspectives when it comes to finances. I'm a saver. I'm a minimalist. She's very much a free spirit. I know, but that's not what I'm talking about.

To be honest, the thing is, she and I have very different perspectives when it comes to finances. I'm a saver. I'm a minimalist. She's very much a free spirit. I know, but that's not what I'm talking about.

To be honest, the thing is, she and I have very different perspectives when it comes to finances. I'm a saver. I'm a minimalist. She's very much a free spirit. I know, but that's not what I'm talking about.

I handle all the finances in the family.

I handle all the finances in the family.

I handle all the finances in the family.

So, I understand that she's going to be somewhat... She is going to be angry. What I'm more troubled about is how she is going to take the news of these finances and if she's going to spend it.

So, I understand that she's going to be somewhat... She is going to be angry. What I'm more troubled about is how she is going to take the news of these finances and if she's going to spend it.

So, I understand that she's going to be somewhat... She is going to be angry. What I'm more troubled about is how she is going to take the news of these finances and if she's going to spend it.

I have a full-time job and I have a business on the side.

I have a full-time job and I have a business on the side.

I have a full-time job and I have a business on the side.

No. Not at all. I handle all the finances. So she has a stipend. She has allowance, and I give her all the money for the household budget.

No. Not at all. I handle all the finances. So she has a stipend. She has allowance, and I give her all the money for the household budget.

No. Not at all. I handle all the finances. So she has a stipend. She has allowance, and I give her all the money for the household budget.

Hi, thanks for having me on, Dave. I'm a long-time listener for like 25 years. Well, thank you. So really grateful to have me on. Thank you. I'm 39 years old, and I'm going through a significant career change. I'm on baby step six, kind of, you know, fourth through sixth.

Hi, thanks for having me on, Dave. I'm a long-time listener for like 25 years. Well, thank you. So really grateful to have me on. Thank you. I'm 39 years old, and I'm going through a significant career change. I'm on baby step six, kind of, you know, fourth through sixth.

Hi, thanks for having me on, Dave. I'm a long-time listener for like 25 years. Well, thank you. So really grateful to have me on. Thank you. I'm 39 years old, and I'm going through a significant career change. I'm on baby step six, kind of, you know, fourth through sixth.

and i want to know how i should think about the baby steps as well as like my savings with my income drastically decreasing as i try self-employment out for the next little bit why are we drastically decreasing as a part of this process yeah yeah good question so i've been working for the last 10 years i've been working in tech in the bay area um and wanted ready to kind of switch things up and spend more time with my family i have four kids

and i want to know how i should think about the baby steps as well as like my savings with my income drastically decreasing as i try self-employment out for the next little bit why are we drastically decreasing as a part of this process yeah yeah good question so i've been working for the last 10 years i've been working in tech in the bay area um and wanted ready to kind of switch things up and spend more time with my family i have four kids

and i want to know how i should think about the baby steps as well as like my savings with my income drastically decreasing as i try self-employment out for the next little bit why are we drastically decreasing as a part of this process yeah yeah good question so i've been working for the last 10 years i've been working in tech in the bay area um and wanted ready to kind of switch things up and spend more time with my family i have four kids

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

What are you doing?

What are you doing?

What are you doing?

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

Yeah, hopefully more than that.

Yeah, hopefully more than that.

Yeah, hopefully more than that.

Yeah. I guess the main question was, yeah. How do I keep on investing or do I put that on? It's only $7,000.

Yeah. I guess the main question was, yeah. How do I keep on investing or do I put that on? It's only $7,000.

Yeah. I guess the main question was, yeah. How do I keep on investing or do I put that on? It's only $7,000.