May 2, 2008

A New Title for What I Am

I just learned what I am...

While reading Escape From Cubicle Nation I found out about Anywired and read the post Become a Lifestyle Entrepreneur: Complete Guide and 40+ Resources.

I'm a Lifestyle Entrepreneur! What does that mean you ask? You really should read the post, but here is a great description from Skellie over at Anywired.

"If you are — or would like to be — an entrepreneur, yet you’d be happy to earn enough to live the life you want rather than becoming filthy rich, lifestyle entrepreneurship might be a good fit for you.

Lifestyle entrepreneurs will generally base their ventures around time minimalism, or something they love, even if there are more profitable (but more time-consuming, or less interesting) options available.

The goal of a lifestyle entrepreneur is not to amass a huge fortune, but instead, to achieve certain definable goals and, beyond that point,
to ensure business does not interfere too much with the enjoyment of those goals."

Now don't get my wrong, I think it would be cool to be filthy rich. But not at the expense of the relationships with my wife, kids, or current freedom. I spent 9 years climbing the corporate ladder and had a good position with a good salary. The next step in my plan was a VP position which would lead to a C-level position. But ultimately what I found is the stress of those positions, the time requirement, and the sacrifices I was going to make just weren't worth it.

I quit my job and started my own consulting firm to create freedom in my life. Here is my current daily schedule - which I adjust daily as I need to fit into my lifestyle.

7:15 am - Wake up to alarm clock of "DAAAAADAAAA IT'S LIIIIGHT TIIIIIME!"
7:45 am - Get breakfast for the alarm clock and take a shower
8:15 am - Make coffee and lunch for Bubba
8:30 am - Catch up on my favorite blogs or take Bubba to preschool
9:15 am - Blog (I have two others here and here)
10:00 am - Work on client projects (yes I start "work" about 10:00 am)
12:00 pm - Lunch or go pick up Bubba from preschool
1:00 pm - Work on client projects
4:00 pm - Stop work to alarm clock of "DAAAADAAAA I HAVE TO GO POOOOTYYYYY"
4:05 pm - Play with Bubba, Chrystal, and Mianna for the rest of the day.

I say this not to brag or gloat but to say it's possible. We are not getting rich and sometimes money issues are stressful, but we (my family and I) live a comfortable life and love it. We have more freedom (though not necessarily financial) than we have ever had. Join what Tim Ferris calls the NR and break the chain!

Photo by Dazzie D'


Matt said...

Great term. I've taken a similar route to you in a sense. I left a very predictable job of teaching, making minimal money but steady money, to pick up a job that's 100%commission. It can be great, it can be lean. Many in my industry work nights and weekends and are at the mercy of their cell phones. Why? As Gary Keller, the founder of Keller Williams Realty has said, real estate (or consulting) should not be your life, it should be the medium you use to provide the life you want.

gabriel ryan said...

should be cutting the chain soon... thanks for setting an example.

Deyl said...

i'm one of those too!

great post buddy! It is possible :)