My wife and I work from home so we were always around when our kids were teenagers. I cannot express how much of a difference that has made in my relationship with them as a father when I compare it to my relationship with my own corporate warrior dad. He was a CPA/CFO type for a couple of the big contracting companies (Flour and Parsons) and he was never home when I was growing up. He’s a good man but I don’t know him nearly as well as my kids know me.
People do what they have to do, but if you and your wife can arrange your lives so that you can spend even a little more time with your kids when they’re growing up I don’t think you’ll regret it. I sure don’t.
Something else. You already making references to doing things on the outside, like possibly getting into RE development or running a home business. If you’re already thinking about a large share of your money coming from sources other than your full-time job then perhaps you should concentrate on maximizing those outside sources. Law school has little to do with RE development or selling widgets on EBay.