I took some retirement paid off my bills and my wife works at home now. I don't say "No longer works." because I get hit for that. I figure what I gave up in the short term will be repaid ten fold. I grew up with a mom at home and I couldn't see my kids not having the same luxury. I wouldn't change a thing.
Furthermore, if she had more earning potential than me I'd be the one staying at home while she worked.
i have always worked part time, sometimes only one day a month to keep myself up to date. Now that the kids are older hubby and I have variable schedules, we can be off on weekedays to do school things, usually only one of us is working on any given weekend.
Took a huge hit in income to work less, and magnified it by sending 3 kids to parochial school. Wouldn’t trade a minute of it as the kids were raised by mom and dad, not strangers, and I was not deprived of the fun of seeing them grow.