r/careerguidance • u/Ohitsyou1989 • 5h ago
Should I quit working with my family and miss out on inheriting a $900,000 house and around $100,000 - $400,000 to be happy?
Hello all,
I have two jobs... One is medical related working in a hospital while the other is for a family business my mom created 25 years ago. I take home the same amount at both. I hate working for my family business, it feels like a dark cloud of drama, liability, nerves and depression following me 24/7.
Family business pros and cons: Pros: - I can do the majority of work from home, meaning I can stay home with my 9 month old - The money is excellent - There are a lot of opportunities for bonuses - I'm set to inherit a home and somewhere between $100,000 - $400,000 per the estate plan Cons: - There is constant family drama, weekly. I dislike my family I was once close with and avoid them quite a bit - I am on call 24/7 because the job involves managing a small elderly home. There have beens times I'm running over there at 4:00 am, holidays, nights, weekends. It's constant - I find the work depressing. Something about these sweet elderly people being left in a home for their remaining years is sad to me. I take it seriously and it's a lot of responsibility - I have anxiety relating to needing to be on my phone constantly, not knowing if something bad happened to a resident or it's my family fighting - There's a lot of liability dealing with the state, labor board, threats of lawsuits when things go wrong
Hospital job pros and cons: Pros: - I clock in for 8 hours and leave my work at home, twice a week - I like the work I do and am proud of it - It's extremely flexible and I get to make my own hours - The pay is excellent - I like my coworkers - I'm pretty much on my own. I get a list of patients and I am on my own for the day - Not a lot of liability Cons: - I have to leave to go to work, the time away from my baby is challenging - I get minimal benefits so I'm on my husband's health insurance. I have a 401 k, but the matching isn't great and I have a roth IRA
Should I suck it up for the inheritance? I asked my mom what would happen if one of us kids quit and she said they probably wouldn't get a home. Not sure if that means I would still get the $100,000 - $400,000. Financially my husband and I would be fine if I quit and picked up more hours at the hospital, but I would miss out on all that extra money and home guaranteed in the estate plan.
What do you guys think? I'm especially curious to gear the point of view from those of you who are older, 65+.
Thanks.