Is My Wife Right or Wrong?

[maat55]

I love her too much to divorce and run. I could sell now or if I can hold on another 6 months the value will at least quadruple. If I could just find an investor it would solve everything.

If the deal is so great, you should have no problem finding an investor. I question whether you are overly optimistic and lacking in good financial sense.

I don't know you but from a few post, but your wife may not be as confident in your skills as you are.

[wnlbutterfly]

Are we missing something here? Doesn't your wife live in the same house? Does she drive this car? Is her name on any of the titles? I am thinking whether or not she finds your skills on investment in question, she has the funds to pay the bills that need to be paid and that will affect her.

It wouldn't be any different if my DH lost his job and had no paycheck coming in, and I was sitting on the savings account not paying bills. I wouldn't be happy having to use my "safety net", but what is a safety net for? I would think this would be it.

Hope everything works out.

[Marikam]

I think your wife is right. She should retain this money. It appears as if it is her only safety net. In the first place it wasn't right for you to invest all the family money without her involvement. While she may not be faulting you for what went wrong with your investment, she is at least being pragmatic enough to retain something.

By selling off a portion of your investment, you are going to lose big, but what did you expect? That is the risk you took. And when people get into jams like the one you are in, the vultures will always be there to prey upon the weak. Take your lumps, and move on. Its only money. And be thankful you have a wife who has her two feet solidly on the ground.

[thekid]

I could sell now

There is your answer, as far as I'm concerned.

You are basically asking your wife to use her money to back you in your "venture". Since you say that you already lost 500 000 GBP (that's over a million dollars US folks), I can't say I blame her.

If you want your wife to partner with you, take her advice. You already made some bad investment decisions that got you where you are without consulting her with "your" money. Take her advice on "her" money.

Sell the land and pay off your obligations jointly with your wife as per your respective ability.

Don't force her into schemes she (perhalps very rightfully) doesn't trust.

I'm sorry, but this seems to be about you wanting to force things your way. Forget get rich quick schemes, they'll only get you poor quick as you may have discovered. Concentrate on building a relationaship of trust and effective communication with your wife.

That's my internet advice.

[snafu]

hmmm... Dad's house, mum's land inheritances...what happened to all your pre 60 y/o earnings? Besides marrying someone who is showing common sense, what business acumen would you brag about?

If the realtor is so certain of gains, why not have that individual do a cash/share split?

[sjenkins]

Get devorced and let the lawyers figure out who's money it is.

I guess thats why devorcies are messy.. Whn oyu get hiched.. its "OUR" money, you both work to a common goal.. what ever that might be