I can only tell you what's working for me. I'm telling you my story because while you cite mental health as the problem, I think its reasonable to have mental health problems when your company and life collapses. Instead I think it's sensible to build a safety net so that you never hit "rock bottom."
I've started 3 SAAS buisnesses that failed.
I'm also almost FI because I saved (and invested) my salary as an employee and then later as a contractor. Now I split my time between contracting gigs, personal family time, holidays and working on new startup ideas.
It's a long term sustainable lifestyle that gives a good standard of living, lots of free time, and the opportunity of a longshot where one of my bootstrapped start-ups takes off.
The contracting gigs and investments give me that safety net so that it's ok if my startups fail.
I know three people who took this approach, then had million dollar exits from their successful Startups, and another who pivoted into a successful million dollar buisness that they will never sell. The more common outcome is what im getting: a long career of short contracts, paid off house, family and upper middle class lifestyle.
I've started 3 SAAS buisnesses that failed.
I'm also almost FI because I saved (and invested) my salary as an employee and then later as a contractor. Now I split my time between contracting gigs, personal family time, holidays and working on new startup ideas.
It's a long term sustainable lifestyle that gives a good standard of living, lots of free time, and the opportunity of a longshot where one of my bootstrapped start-ups takes off.
The contracting gigs and investments give me that safety net so that it's ok if my startups fail.
I know three people who took this approach, then had million dollar exits from their successful Startups, and another who pivoted into a successful million dollar buisness that they will never sell. The more common outcome is what im getting: a long career of short contracts, paid off house, family and upper middle class lifestyle.