Q.4I've been renting a small office near my home, but I know I could actually work in my basement and save that rent. The problem is that my wife and two small children are in the house full time and I know the kids will bother me all day and I'll never get anything done. I know other people do this successfully and I wonder how.
Ans. You need a sit-down meeting with your wife. Point out how much money you'll save together if you make the change and show her how much of that will be hers. Since she's home all day, and her job is watching the children, that means she's responsible for keeping them away from you home office until you close shop for the day. If necessary, you can use some of the savings for a babysitter so both of you will be "free" from the disturbing kids.