I sold a business couple of years ago when I was 48 which meant I could probably retire if I wanted too as long as I didn't take the time honoured advice of the SMB and go full on coke and prostitutes mode.
Hadn't had a mortgage/debt for long time so was able to invest in property and other start up businesses over the years. The other businesses more or less run themselves.
I went thru a stage in first year when I did everything that I couldn't do whilst grafting.....simple things like ganin to bed late watching tv....getting up just in time to give kids a send off to school...spend the day out shopping....gym etc etc.
Was great for a while.
Now I find myself getting back into being active in the other businesses as I don't think I'm ready to do completely nowt.
At 51 I have given myself a 5 yr plan to expand the business portfolio but do it on a part time basis and then the kids will be at an age where if it interests them it can be something they can get involved in. If not I'll sell and hopefully be more suited to full retirement life.
Hadn't had a mortgage/debt for long time so was able to invest in property and other start up businesses over the years. The other businesses more or less run themselves.
I went thru a stage in first year when I did everything that I couldn't do whilst grafting.....simple things like ganin to bed late watching tv....getting up just in time to give kids a send off to school...spend the day out shopping....gym etc etc.
Was great for a while.
Now I find myself getting back into being active in the other businesses as I don't think I'm ready to do completely nowt.
At 51 I have given myself a 5 yr plan to expand the business portfolio but do it on a part time basis and then the kids will be at an age where if it interests them it can be something they can get involved in. If not I'll sell and hopefully be more suited to full retirement life.