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[quote=Anonymous]You're very unlikely to develop a truly lucrative business by working at it part-time only on weekends.  Customers/clients for most types of businesses probably won't patronize someone with no availability and no responsiveness during normal business hours.

If you want your children to maximize their earning potential rather than depending on you to just leave them an inheritance, instill in them a good work ethic, ambition, and an appreciation for education.  Neither you nor they  need incur enormous debt to go to university.  They can attend state schools, including community colleges from which they can later transfer to 4-year institutions, and can work during the school year and during summers.  They can pursue studies which will position them for remunerative careers, with or without a need to continue on to professional schools in law or medicine.  In other words, give them the tools to earn their own fortunes through their own industry.

For yourself, your likely best path to wealth would be to transition to a BigLaw firm, assuming you have the necessary credentials and experience.  You'll have to work harder than you do in government, and you'll probably need to demonstrate business development skills, but your income will increase substantially.  If you keep your current lifestyle (i.e., don't let your spending rise along with your income) you'll have plenty of extra cash flow to invest prudently.  Thanks to the magic of compounding, over a long period of time your wealth should increase substantially.

Depending on your specialized skills, you might be able to transition to in-house work at a large company (Fortune 1000 or bigger), if you have relevant skills and the credibility you'd need to be a viable candidate for such roles.  If you're successful in such an organization, and have the necessary gravitas and soft skills, you can aim for a General Counsel role there or elsewhere.  Such roles often carry EVP or SVP titles, and compensation can be very substantial when considering base salary, bonuses, and equity grants.  Over time, the same magical compounding can build you meaningful wealth, if you restrain your lifestyle and spending.[/quote]

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