Swanny007 - 2:11 am on Feb 3, 2010 (gmt 0)
Congrats! I made the switch about 2.5 years ago. I think it was one of the best decisions of my life. Things have worked out well, I don't regret doing it and I hope I never have to go back to a regular "job".
Honestly I probably work more now that I'm just "doing the web site thing". Reality is I never feel like I'm "done". I always have 100 ideas in my head and not enough time to do them all as one person. At my old "job" I had to put in my 8am-4pm hours and that was it. Now I'm responsible for everything so I work until 2am if I want/need.
The advice I'd give is save up about 1 year's worth of living expenses (rent, heat, phone, etc.). Have it in the bank in case you need it. That could go a long way if the web sites take a dive! Having a hobby or activity that gets you out of the house is good too, for your mental state of mind :-)