{ "media_type": "text", "post_content": "My wife and I are at odds with how to manage our money. I’m a fan of being frugal, but set aside money for debt and business investments. She’s prefer to live less budget conscious and to focus savings on any debts we have (mortgage, student loans; 3% interest). I want to have a productive conversation instead of arguing why my $20K bonus shouldn’t go only towards debt, but also towards an LLC for investing. How to do this? Early 30s, $425K in retirement savings (Roth and traditional vehicles).", "post_id": "61e592728421d0002f0cfcfd", "reply_count": 13, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

My wife and I are at odds with how to manage our money. I’m a fan of being frugal, but set aside money for debt and business investments. She’s prefer to live less budget conscious and to focus savings on any debts we have (mortgage, student loans; 3% interest). I want to have a productive conversation instead of arguing why my $20K bonus shouldn’t go only towards debt, but also towards an LLC for investing. How to do this? Early 30s, $425K in retirement savings (Roth and traditional vehicles).

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You have a fantastic start to retirement. Well done. There’s not a ‘right’ decision here. In a 7% inflation environment laying down debt more quickly wouldn’t be my priority. On the other hand, being debt free offers a lot of flexibility for mid career decisions. This is a decision your and your wife need to own. But recognize it’s a high class problem to have.

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Correct, she hates debt and has a really hard time feeling financially comfortable. She also works in corporate finance so she understands the importance of investing, time value of money, etc. She also rightfully questions the potential return for alternate investments vs the consistent long term returns with index funds.

I agree with VP1. Why not compromise with the $20k and split it evenly between both goals? That's a ton of money to play around with and it'll save the two of you from arguing. Both points of view are valid.

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I’ll make the case! Thanks! It will be a tough conversation, but I put some thought and evidence/support to my thoughts, maybe she’ll be convinced. Thanks

Additional background: we have about 5 months of emergency expenses, not counting about $8K in crypto. I have access to commercial real estate and multi family real estate investors who I’m very close to so I’d like to diversify my investments away from pure index funds.

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You're doing really well in terms of retirement. You may just need to frame the problem, determine if it's biases or values differences, and then try to come up with a reasonable compromise or "compromise" type of position. I really doubt that so long as the debt is in hand, that your wife should have a strong reason to care what you do with additional $$$. If she does, then she needs to agree to compromise with you. It's your bonus. That being said, given where you're at, I am a bit surprised that monetary disputes are coming up. I suspect that this is less about the money itself, so much as you both have strong opinions, and need to do a better job arguing with each other.

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I wouldn’t call them monetary disputes as much as I would call them discussions where we agree and there’s an impasse. Frankly we have been a bit lazy in actually talking about it. There may be a tad bit of resentment building up on my end though as the breadwinner (obviously I’d never bring up comp comparisons in the discussion)

What’s the reason for for using an LLC for investing? I have a lot of investments and never considered using an LLC.

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Good question. I want to start an LLC with my siblings who have all been investing together for 5+ years. The investments they make are usually between $75-125K which I am not sure I would want to do alone (can’t yet)

Make the argument that investing is a form of savings. With that much money in retirement, you’re already ahead in basic savings. I would prioritize investing in real estate and explain that investing early (30’s) leads to higher net worth which leads to more leverage and freedom in your 40’s. Money makes money. You are a two income house hold which means you don’t need to be sitting on a large stack on liquid cash. Investing should be the priority now — 30’s are about accumulating. Someone made the 7% inflation argument above, they’re spot on. You’re “making” money right now in your debt that surely has <7% interest rate.

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