Daylate made a comment about maintaining Money Making Hobbies as a hedge. I'm leaning the same way as I leave the full-time j*b soon. Two questions for discussion:
1. How do you define RE?
For me it is all about controlling my schedule. My goal is to do independent consulting at <50% time for at least a couple of years until the pension kicks in. The major tax advantages, such as the business covering health care expenses, seems to make it worthwhile. It is also doing w*rk I enjoy, with clients I select, and helps to keep skills current.
2. What other MMH have people pursued?
I guess that is very dependent on how hobbies are defined, but I'd be interested in the experiences of others. I expect a lot of real estate hobbies. Others?
1. How do you define RE?
For me it is all about controlling my schedule. My goal is to do independent consulting at <50% time for at least a couple of years until the pension kicks in. The major tax advantages, such as the business covering health care expenses, seems to make it worthwhile. It is also doing w*rk I enjoy, with clients I select, and helps to keep skills current.
2. What other MMH have people pursued?
I guess that is very dependent on how hobbies are defined, but I'd be interested in the experiences of others. I expect a lot of real estate hobbies. Others?