[apowell]

Don't be wrapped up in creating the next Paypal. A very small business can be a big thing for you and your family. Once you've created a healthy income from full-time self-employment, then you can start changing the world.

I've known from an early age that I wanted to work for myself, and I've structured my life to make that possible. I've always had side projects going - through high school, college, and two full-time jobs.

When the side projects grew profitable enough and we had socked away enough money, I quit my job to work on my business full-time. My wife was about twelve weeks pregnant when I gave my notice.

That was a bit over a year ago, and I haven't looked back. I'm financially conservative, so I probably waited longer than others in my shoes would have. I had enough income to support a basic lifestyle (I call it "pork-chop profitability"), and if the income dried up we had enough savings for a couple years. It was a high bar, but with a baby on the way I didn't want to be reckless.

Start working on small, attainable side projects with immediate revenue potential. Pick two targets: self-employed income and non-retirement savings. When you hit both targets, it's time to go full-time. And most importantly, make sure your family supports you and understands your ambition.

Best of luck.