I know two competent people who have gone from working full time hours to working two to three hours a day from home for only a small reduction in pay.
Both quit their jobs to become freelancers, and mentioned to their bosses on the way out that they would available for consulting. They were then contracted in at more than 4x their previous hourly pay.
Both quit their jobs to become freelancers, and mentioned to their bosses on the way out that they would available for consulting. They were then contracted in at more than 4x their previous hourly pay.