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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1481  
Subject: RWOL By Having Alternate Income Date: 12/5/2004 3:57 AM
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I would like to suggest that one powerful way to retire well on less is to look for ways to have an alternate or supplemental source of income one can exploit as needed in retirement or should investment returns turn negative.

Hobbies, a prior trade or profession, even volunteer work might provide avenues for such an income source.

My furnace repair business functions that way for me. Indeed, I was financially independent when I quit my regular job at age 49 in 1999. With this supplemental income, I could have quit several years earlier had I wanted to do so.


And I've found there is a huge difference between doing a regular job and this kind of supplemental work where you may be free to do only the work you are happy to do.


Does anyone else have plans to include that kind of thing as a strategy in order to retire well on less?



Seattle Pioneer
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