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Date: 2013-06-10 04:56 pm (UTC)...
... Pretty much what I'm doing now. Only I'd probably steer my writing output towards what I want to write, rather than what's perceived as commercial by my publishers' marketing departments: take more risks, not work to a 12 month deadline treadmill. Tackle harder, more ambitious projects.
This wouldn't necessarily be hard; my editor at Ace, for one, figures my books are better when I'm following my nose rather than a three book contract roadmap. The reason I don't do that right now is pure and simple cash flow -- I can't afford to follow my nose when it says "this will be the best novel you ever write, and it will go bestseller, but it will take 2-3 years to make it happen, during which time you get to live off your (ha ha ha) savings".
(Oh, and fly business class rather than coach.)