Assume you rented a house for $2,000 a month. You own the home and it is completely paid off. You also live in another house that is also paid off. Would you quit your job (most likely a higher salary and benefits) to enjoy life and never work again for some money to survive? I would assume a very frugal life.
Depends on age. Being younger, I would probably work and try to live off my 24K for a couple years, putting away the salary from my job. If the lifestyle fit, then I would quit and take this path with a little safety net setup.