All this calamity for this family of 10 came from bad planning. This guy had a career that would have likely lasted until retirement, but he took a risk and quit it. That was a smallish risk, not nearly the risk he took while in his next job.
He admits that writers careers don't usually don't last into their 50s. Why did he not save more money so he could retire early? Why did he choose to have more and more children? Why did he not position himself for transition into another job as his writing career progressed? Why did he just quit without having another (less demanding) job lined up?
He was making upwards of a million dollars a year at one point. I had some neighbors while growing up in the 90s, they had 8 kids too and their father probably make 2-3 million dollars over his entire life. They were never homeless (in fact they had a pretty nice 5bd house), never hungry, cold, had decently new cars and clothes, ETC. This guy blew his wad all at once like a pro athlete.
All bad choices.
After his job, why did they not cut back on their spending? They should have downsized and cut back dramatically rather than continuing their expensive lifestyle.
At the time he quit, he was probably worth over 2 million dollars Add half a million that they borrowed after that and you still can't make that last more than 6 years?
I know someone who did something similar. The person that I know took a couple of years off like this. He got so used to it that when he started looking for a job again - it was half-assed (he was spoiled with still living lavish on savings and not having to work). He sabotaged many interviews, turned down some for bogus reasons and when he got jobs, he could not keep them for long (self sabotage again). It was like he was mentally ready for retirement already, but he was only 40.
It is a sad story, but I have a hard time feeling sorry for someone who has grossed over 10 million dollars over his lifetime but squandered it.