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Reply to "I want to be self-employed/be partially retired."
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[quote=Anonymous][quote=Anonymous]I don't want to work for employers anymore. I just want to have my own clients or change careers. I am late 40s. College is funded for kids. I am not a fancy person. I may even move to a LOC area when my kids go to college in 8 years. What would your number be (retirement savings, cash on hand or home equity) if you wanted to just take a risk and work for yourself and not be a member of the full-time rat race. I have a decent amount in retirement and cash. I sold my house. Divorced (not married). Anyone want to share their number if they were me in this scenario? [/quote] First, it seems like you are stuck here for the next 8 years. Keep on saving and enjoying these 8 years with your kids. You can then re-evaluate in 8 years. For me, the number is $10m in invested assets, but I don't want to move to a LCOL area and my consulting business will be 100% discretionary. [/quote]
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