Re: Post If You\'re Self-Employed
My last startup wound down and I didn't want to manage any more software development projects. And I was tired of living in a rainforest (the pacific NW). So I decided to invest my remaining savings and see if I could live off it's income. I needed a 15% return the first year just to pay my living expenses. I was able to beat that and grow my portfolio. After 5 years or so I now need around a 5% return annually for living expenses.
No regrets, it's been a pretty awesome lifestyle. I work from home, and have two young kids I get to see all day long. And if I want to take a break for some "afternoon delight" with the wife, it's a done deal!
No real advice. I think if you understand a business where you can earn superior returns, being self employed is a good option. But you really have to be skilled and enjoy what you are doing. My biggest joy is not having employees anymore, my biggest regret is not having co-workers anymore.
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