Rather than running off and starting up a side business solely focused on making a lot of money quickly (and there are tons of these “ventures” out there to chase), an Entrepretiree is seeking more of a lifestyle approach to venturing into a side business which can potentially become a main business. Simply stated “money is not everything”. Yes money is certainly important but it is more of a vehicle to help you get to where you want to go, whether that is being able to travel, move somewhere else, spend time volunteering, learn a new language or instrument, or become a full time business owner. It is important to focus first on what you want to do and then figure out the money part, and never the other way around or you risk being just as stressed in your side venture after retirement are you are in your full time career before retirement. And this is not at all where you want to be. The purpose of being proactive and starting to build your retirement venture before you retire is that you have time to test it out and make adjustments to align it with your desired future now, before you jump into it with both feet.
So what are some Entrepretiree requirements to be aware of?
Some suggested ideas include: