A
female
age
41-50,
*likenight
writes:My boyfriend and I have a 4 month old baby and another on the way. I am a stay at home mom and he works. We are renting right now and have been talking about buying a home. He hasn't applied for a loan though. He wants to buy this cnc machine, and he thinks he is going to be able to make $ at home by making personalized dog tags for people,(and other things) they would send him their dog's photo, and he would program the image into the machine's computer, then it would engrave the dog's image and name. I think this is a dumb idea and a waste of money. This is what he does at work, he is a cnc programmer. Well, these machines that he is looking at go for 2-3 thousand dollars. We only usually have 1500 dollars in the bank at any given time and we have no savings. So basically he wants to blow all the $ we have in the bank. I want to pay his car off and my credit card and get a home before we even try this idea. I don't even want to try it, but he keeps nagging me and we argue about it because I am really tight with $ and he isn't. I know that the chances of him making enough $ with this idea to even earn back what he spent on it are slim to none. We also will have 2 babies soon and I don't think it's fair that after work, he is going to go in the garage and be playing with this machine while I am taking care of the babies alone. But at the same time, I don't want to be selfish because he is the one earning the money. But I look at it as, we don't even have a home for our children and he is more concerned with this "toy" as I see it, than anything else that I feel should take priority. Am I being selfish, do you think he would actually be able to make money with this idea? What do you think I should do?
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reader, anonymous, writes (18 August 2007): I think you should sit down with him and do what's called a R.O.I. i.e. return on investment. Tally up material costs, the cost of the machine, advertisement, time, and then figure out how many items you have to sell to get to the 'break even' point and then start making money...this will give you something more concrete to work with
A
female
reader, flower girl  +, writes (18 August 2007):
 He may make money he may not, but you will never know until he try's it.
Now you say your in rented accommodation so you have not got a house to lose if it does not work and he will still have his day job.
I see where you are coming from with your concerns about being left to deal with the children on your own, but if you talk about these concerns and come to an agreement then it might not have to be that way.
Me and my husband have two children and we had our own house, three years ago we started our own business and although it does well with there also being another partner it is not enough to support all of us.
We have consequently had to sell our house because we could not keep up the repayments and we are having to sell the business so we will have money to live on.
I think if you are going to do it now would be the time while he still has a day job and you are renting, you then only have the money you put into it to loose if things don't work out.
Take care.xx.
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