xswzaq,
You’ve asked a question that only you can answer. Essentially you want to give up a well-paying, fairly guaranteed, long term govt. position (with decent retirement benefits – even early retirement potential), and go into business for yourself. I imagine the people that you’ve confided in as to your desire to be self-employed respond with “What, are you crazy?” I also understand your frustration with long-standing bureaucracy/crap – I have put up with my fair share (large corporation, not govt).
The financial information you’ve supplied really has no relevance on your decision/success (you have no plans to retire). It is one’s determination to succeed that normally brings about success. There’s a couple of things you can take to the bank – you are guaranteed to make mistakes along “either” path, and it’s definitely riskier going into self-employment. You do have the experience of doing part-time, what you’d like to do, full-time (I wouldn’t call your desire just pipe-dreaming).
There are all kinds of people in this world, and many would not think of venturing into a high risk self-employment scenario from a secure position such as yours (reference thread comments). People have given you good caveats about maximizing your time/investment in your govt. retirement benefits, and a few good reads. Your responses all follow the same pattern (desires) – think about it.
Your dilemma reminds me of the book “Rich Dad Poor Dad”. Robert Kiyosaki wrote one good book (my personal opinion) and then it would appear to me that he sold his soul to the Devil. It would be an interesting read for you, but the one thing to remember is not that he followed his Rich Dad’s advice, but rather that he “had” a mentor (most of us don’t and have to go it alone).
Fortune favors audacity (as they say) – just don’t do anything w/o weighing all your options to help yourself (and what path will really give you long term happiness).
You’ve asked a question that only you can answer. Essentially you want to give up a well-paying, fairly guaranteed, long term govt. position (with decent retirement benefits – even early retirement potential), and go into business for yourself. I imagine the people that you’ve confided in as to your desire to be self-employed respond with “What, are you crazy?” I also understand your frustration with long-standing bureaucracy/crap – I have put up with my fair share (large corporation, not govt).
The financial information you’ve supplied really has no relevance on your decision/success (you have no plans to retire). It is one’s determination to succeed that normally brings about success. There’s a couple of things you can take to the bank – you are guaranteed to make mistakes along “either” path, and it’s definitely riskier going into self-employment. You do have the experience of doing part-time, what you’d like to do, full-time (I wouldn’t call your desire just pipe-dreaming).
There are all kinds of people in this world, and many would not think of venturing into a high risk self-employment scenario from a secure position such as yours (reference thread comments). People have given you good caveats about maximizing your time/investment in your govt. retirement benefits, and a few good reads. Your responses all follow the same pattern (desires) – think about it.
Your dilemma reminds me of the book “Rich Dad Poor Dad”. Robert Kiyosaki wrote one good book (my personal opinion) and then it would appear to me that he sold his soul to the Devil. It would be an interesting read for you, but the one thing to remember is not that he followed his Rich Dad’s advice, but rather that he “had” a mentor (most of us don’t and have to go it alone).
Fortune favors audacity (as they say) – just don’t do anything w/o weighing all your options to help yourself (and what path will really give you long term happiness).