From what I read, you just don't want a second child. Period. It has nothing to do with finances, the times in our economy or your family. You just don't want another kid.
There is nothing wrong with that. Its just in your circumstances you have a conflict of interest with someone you love and live with. That is going to be a hard road to take.
All I can tell you that the pain will be greater if you act according to what others want. You will resent yourself, your wife and the new kid if you do what you truly do not want to.
Act from your heart and act what it is telling you. But don't lie to yourself or others. Life spent with the consequences of your own actions is far more powerful and rewarding then the life spent pleasing others.
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