IanCP - 3:30 am on Jul 30, 2012 (gmt 0)
I've read and re-read your post several times. I can personally identify with many things you say. Perhaps I'm a 180 degree version of your story.
Excepting for several years as a part-time college teacher [putting something back] in the early 1990's, I haven't received a pay cheque from anyone since May, 1969.
That date is not a typo.
Between 1969 and 1998 I had worked for myself, I can identify with the advantages you outline. I eventually made millions [in today's money] and subsequently lost millions. I wouldn't have missed that ride for anything. NOT because of the money but, the privilege of sheer personal achievement.
Now the downside?
Excepting for close mates who were shafted in the 1990's [we we're early 50's then] with the vogue "early retirement" for those who stuck at their boring, mind numbing jobs? Curiously they were mostly bank managers and civil servants.
Now they enjoy lifetime indexed pensions, far in excess of my current earnings. I regarded many of them [perhaps unfairly] as drones and time servers. These pensions longer apply of course. They were among the last.
I retired in 1998 and lived upon my meagre resources. I was not then eligible for a state pension.
By sheer accident [long story] I became involved in affiliate marketing on the internet in 1998, principally with Amazon to cover my costs.
I enjoyed this "extra income - net of expenses". Then came Google in 2000 and with greater traffic, my expenses climbed once again.
Then in June, 2003? Came AdSense for us great unwashed masses. Initially, one day of AdSense income equally became one month of Amazon and other affiliate earnings.
I'm grateful for AdSense. It actually, and still does today, prohibit me from a full state pension.
The vagaries of life and how things continually change has proven very interesting.
I don't lust after money. I never have, I never will. I've always been happy with a "comfortable" income.
As my old Dad used to say:
"When one door closes? Another one opens"
I await that next door to open.
Thanks "jonathanleger" I identify with much you wrote.
[For the smarties]: Any Australian put out about my part state pension? Exercise your minds around my days in the 1970's/80's paying a top marginal tax rate of 60.1% including Medicare Levy.