I think I'm semi-retired, I'm just trying to catch up on my calculations! (Assumption 1 - hubby keeps working and vesting in his teacher pension)
Hubby and I had been socking away cash while we waited for an adoptive placement (no kids of our own) through our local county. No debt other than a mortgage, but we're Californians, so it is a biggie. Once we were finally matched with kids (an 11 year old and her 2 year old brother) I realized I needed to take many months off to bond with the kids, and get our family life launched. That all started in October 2005, and I started squeezing in my consulting time in January.
We'd always figured hubby would take the time off, as he is a teacher, and I made a lot more $$$ as an engineer in a high-demand niche. I stopped to consider how many hours a week I'd need to consult to make up the difference between my salary and his -- and it was about 10 hours! So we took the plunge, comfortable we could figure the rest out later. I could always go back if I "needed to", but I'm going to invest the time in financial planning, budgeting, and psychology so I don't get to that point.
I'm currently reading "Work Less, Live More" (Bob Clyatt, Nolo Press) but it shares space on my nightstand with "Parenting the Hurt Child" (Keck & Kupecky, Pinon Press), "Lifebooks (O'Malley, Adoption-Works) and other works in a similar theme.
Hubby and I had been socking away cash while we waited for an adoptive placement (no kids of our own) through our local county. No debt other than a mortgage, but we're Californians, so it is a biggie. Once we were finally matched with kids (an 11 year old and her 2 year old brother) I realized I needed to take many months off to bond with the kids, and get our family life launched. That all started in October 2005, and I started squeezing in my consulting time in January.
We'd always figured hubby would take the time off, as he is a teacher, and I made a lot more $$$ as an engineer in a high-demand niche. I stopped to consider how many hours a week I'd need to consult to make up the difference between my salary and his -- and it was about 10 hours! So we took the plunge, comfortable we could figure the rest out later. I could always go back if I "needed to", but I'm going to invest the time in financial planning, budgeting, and psychology so I don't get to that point.
I'm currently reading "Work Less, Live More" (Bob Clyatt, Nolo Press) but it shares space on my nightstand with "Parenting the Hurt Child" (Keck & Kupecky, Pinon Press), "Lifebooks (O'Malley, Adoption-Works) and other works in a similar theme.