Dean McDermott: Tori Spelling & I Aren't Broke

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Today Dean McDermott is firing back after a quote taken from his wife Tori Spelling sparked rumors that the couple might be struggling financially.

RELATED: Tori Spelling: Dean & I Can't Afford a Vasectomy

"Right now things are going well," McDermott, 46, tells Us Weekly. "I have several exciting projects in the works. Our show Dean and Tori's Backyard Bash just re-aired to great ratings, I'll be the new host of Chopped Canada and I have my first cookbook coming out -- The Gourmet Dad, in the spring ... Tori's book (Spelling It Like It Is) just launched this week and things are good."

Earlier this week, Tori, 40, was quoted in a People article as saying that the couple couldn't afford a vasectomy.

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"We're in the entertainment business, and things change year to year," Tori told Peopleof their financial situation. "We don't have a series on the air right now, so we have to be more restrictive of what we can spend, just like anyone who doesn't currently have a steady job."

Dean directly refutes the vasectomy claim, telling Us Weekly, "Could we afford a vasectomy? Probably. ... Was it a tougher time for us financially? Yeah. For sure. That's just the truth of it -- it's the nature of this business."

The couple, who wed in 2006, have four children together: Liam, 6, Stella, 5, Hattie, 2, and Finn, 13 months.