Thanks for all the thoughtful responses.
When you get to your late forties and fifties, it is difficult not to reflect on your own mortality. You know you are old when you start reading obituaries and read about someone who is in their fifties or early sixties and has died from cancer or a heart attack. I am a positive person and think the best, but what if I only have 10-15 more years on this planet? I don't want to be blind to the cruelties of life either.
The most enjoyable things to me are quite simple...spending hours on a baseball diamond with my boys and laying beside my wife watching a movie on Netflix. My job is fairly stressful, even if satisfying, but there are many things I would rather be doing. My guilt is rooted in my decision not to maximize my income when I will want to help my children out as much as I can financially in the future. As a parent, you feel it is your job to do as much as you can for your kids and I feel like I am shirking my responsibilities somehow.
However, I am convinced it is the best thing to do. I have enough in life. I don't need more money because I can live relatively simple. When the kids are out of the house, I will sell and downsize and that will add some investment capital.
Thanks for this post. I can relate to so much of what you said. I'm turning 50 in October and while I'm relatively young to retire, I'm no spring chicken and if the next 25 years go by as quickly as the last 25, then .....
I also have two children 10 and 12 who I would do anything for and get stuck thinking that earning a few (or 15) more years of income would be the responsible thing to do. What I have noticed in myself though is that the grind of earning a living does take it's toll on me and the things that are "off the table" because of running my business perhaps could present themselves in ways I hadn't even thought of.
I go to the gym in the morning and there are a few older guys that are retired and I've heard so much good advice on taking the leap and how the stress was there but not acknowledged until they walked away. I'm looking forward to learning more on this forum from more people who have chosen to forego the money to accept something else.