For some, the glide path is a period leading up to FIRE. For others, it seems that it's a time after FIRE. At 52, I view it as the latter based on my own circumstances.
My FIRE date was about six months ago. I had every intention of leaving the day after my resignation was effective, but now I'm back part-time (half-time pay plus benefits for ~10h/wk remote). I don't need the income, but it was too good an offer to turn down.
I run a consulting business where I'm (usually) the sole consultant. My planned glide path is 5-years to taper off my consulting work. I started last year by raising my fees and focusing on the most lucrative work, which has boosted my income even further with fewer hours of my time. But what happens in 4.5 years when things don't taper-off naturally?
While my portfolio is bit light and real estate heavy, I'm currently in a position where rentals and passive income cover the monthlies. My better half will be continuing in her role for another 7 years, so in theory I could just stop consulting and quit the part-time. But I don't feel like anything I'm doing is getting in the way of my fun. Of all the things related to FIRE, this is an area that confuses me. Do I keep pricing myself out of the market until I'm replaced? I surely don't plan on doing anything unenjoyable, but what if I keep enjoying what I'm doing? Why stop then?
My FIRE date was about six months ago. I had every intention of leaving the day after my resignation was effective, but now I'm back part-time (half-time pay plus benefits for ~10h/wk remote). I don't need the income, but it was too good an offer to turn down.
I run a consulting business where I'm (usually) the sole consultant. My planned glide path is 5-years to taper off my consulting work. I started last year by raising my fees and focusing on the most lucrative work, which has boosted my income even further with fewer hours of my time. But what happens in 4.5 years when things don't taper-off naturally?
While my portfolio is bit light and real estate heavy, I'm currently in a position where rentals and passive income cover the monthlies. My better half will be continuing in her role for another 7 years, so in theory I could just stop consulting and quit the part-time. But I don't feel like anything I'm doing is getting in the way of my fun. Of all the things related to FIRE, this is an area that confuses me. Do I keep pricing myself out of the market until I'm replaced? I surely don't plan on doing anything unenjoyable, but what if I keep enjoying what I'm doing? Why stop then?