Originally Posted by Whisper9999
1. Save up enough $$ to be able to live anywhere I want in the world.
2. Save up enough $$ to be able to work part time from #1 on my two favorite jobs (translating and trading).
3. Never fully retire.
Are you going to send the FIRE police to get me and take away?
Hopefully no FIRE police coming and with the recent downturn I actually sense a mood shift in the anti-work rhetoric of the forum (thank goodness)
We did what you are talking about and so far so good. Bailed from full time careers (I sold a small hi-tech biz and DW went from full time engineer to part time long distance consulting). Moved from suburban PA to a small waterfront beach box on the Outer Banks (NC).
DW earns about $35k/yr with the consulting and I add about $25k to the mix though I haven't settled on a final avocation. About 18hrs/week for each of us. Quite a change from the $220k we were at before but the lower income still covers about 85-95% of expenses (excluding college). Had some tough past work envrionments but we never grew cynical. Also have a 10yr old in school, so part time work compliments the daily family routine. One other great thing about maintaining enough income to cover most expenses is that we honestly have not looked at the portfolio totals since late spring (had a 50:50 mix and will rebalance towards the end of the year). Sure, we fret about current events, but really not that much.
Of course we can't just take off whenever we want but given the new surroundings (and great kiteboarding-windsurfing-sailing-fishing-etc just outside the harbour) we don't often feel the need to