Gyroscopic Investing

Pointedstick wrote: And honestly, I'm not planning to retire. If anything I'm hoping my next venture will be very lucrative... I just want to make sure my family's expenses are taken care of before jumping back into the risky world of entrepreneurship.

Actually that's quite a reasonable definition of "early retirement".  Anyway, that's what I meant.  We will definitely want to know when you hit that point!

There must be a term for financial independence + willfully not retiring. If not, we should coin one.

dualstow wrote: There must be a term for financial independence + willfully not retiring. If not, we should coin one.

It's called "semi-retired".  And there's a book about it with spreadsheets to help you along.  http://www.amazon.com/Work-Less-Live-Mo ... 413307051/

dualstow wrote: There must be a term for financial independence + willfully not retiring. If not, we should coin one.

Freedom

... Mountaineer

Pointedstick wrote: And honestly, I'm not planning to retire. If anything I'm hoping my next venture will be very lucrative... I just want to make sure my family's expenses are taken care of before jumping back into the risky world of entrepreneurship.

I'm curious if you're shooting to replace your basic expenses, or basic expenses + seed funding for a venture?  For example, at some point you might want to rent some space or hire an employee.  It seems like there would always be a desire to tap your funds to invest in yourself rather than sell equity.  Or maybe you plan to grow slowly enough that revenue always covers all expenses.

dragoncar wrote: Or maybe you plan to grow slowly enough that revenue always covers all expenses.

That's what I did last time, and while it worked (I took on no debt, was profitable in a week, and stayed that way until I shut down), I didn't grow fast enough. I anticipate that fundraising of some type will be involved next time.