The Moneyist: ‘Am I a bad husband?’ My wife thinks she’s Kim Kardashian. She buys clothes, cocktails and has $10,000 in credit-card debt.

by | Jul 31, 2023 | Stock Market

Dear Quentin, I have a very happy marriage. We have two teenage children, 13 and 15, who are very well balanced, and who are currently at summer camp. That is costing us $1,500 for one week, and I don’t mind paying it. It’s a rite of passage, and we both see it as integral for developing their social skills as they learn to navigate the world in what is often a tumultuous time.

I work in financial services and earn around $160,000 a year, not including commission, which varies depending on the year. Last year I pulled in $90,000 in commissions, which was a good year for me, but also not so great after the IRS took a chunk in taxes. We own a four-bedroom home in New Jersey that will be paid off in about eight years. My wife has her own business selling cosmetics online, and she makes around $60,000 in a good year doing that. She’s a stay-at-home mother, and she’s also a French tutor for students from a local private school. I’ve told friends that my wife thinks she’s Kim Kardashian because of her cosmetics business, but also because of her lifestyle. 

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