For Jen and Steve Chou, the best part of running their own businesses isn’t the combined $1 million annual income — it’s the ability to spend as much time as they want with their 13-year-old daughter and 12-year-old son.
Fourteen years ago, Jen, now 45, and Steve, now 46, began the process of leaving their 9-to-5 jobs.
Jen started Bumblebee Linens in 2007, which produces custom-designed handkerchiefs, aprons and towels. She co-founded it with Steve, who also found success documenting Jen’s business journey on his blog, My Wife Quit Her Job. Since 2009, the blog has grown to feature ebooks, a podcast and in-person conferences.
The flexibility of being their own bosses gives both parents time to be more involved in their kids’ lives, including volunteering at their schools and driving them to various extracurriculars.
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money.
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Living On $1,000,000 A Year In Silicon Valley | Millennial Money