You might be surprised. A friend of mine who is a very smart guy got laid of from his job with a bunch of redundancy money. All he did was sit and play WoW until the money started to run out and then went out and got another job.

If you can do whatever you want, you will probably want to do stuff that makes you happy. One of those things will probably not be reporting to a boss or person to whom you are accountable but that accountability is an essential part of the economic feedback loop that tells you that what you are doing is a good use of time.