4 ms·
Non-employer owner includes folks who rent property as their "business". I'm sure there are tons of folks who are semi-retired and just renting out part of thei
by tstrimple 3y ago
Non-employer owner includes folks who rent property as their "business". I'm sure there are tons of folks who are semi-retired and just renting out part of their property to cover most of their ongoing expenses. These folks wouldn't have a business in the sense they are trying to maximize profits. Just doing enough to maintain their existing lifestyle.
I could see myself doing the same or similar. Starting a business with the goal of growing it to the point of just sustaining my family's lifestyle to bridge the gap to retirement. Once we own this house and our kids become self-sufficient, our monthly expenses can drop quite drastically and we'll be able to sustain ourselves off of something much more modest than my current salary. Giving boat tours on the great lakes while fixing up a small cabin or something like that. Also considered a camp site / cabin rentals. Something that gives me an excuse to get outside more and moving around but rarely involves urgency and deadlines. All things which can earn some money, but unless I really grind at it they really aren't designed to grow too much.