I had the opportunity to go independent with engineering and start my own business, but I chose adopt a kiddo instead and concentrate on the family so I continue working for a small contract business.

I would not trade it for anything! Sure money is nice, and a lavish lifestyle is appealing, but at the end of the day being with the family is richer, and more precious to the soul.

What about a compromise? Is your place of work able to meet your needs and reduce your work time (understanding a salary reduction will also come)? Can you get away with working for 6 months, homestead for 6, and back? Sabbatical to try it out to see how it goes?