I spend about half my time or a little less on consulting, but it's been very research-oriented consulting so far, with few restrictions on publishing results. There are and will be ups and downs (most of my consulting is in energy) but I bill a lot more than I pay myself so that smooths it out a bit.
So far most of the non-consulting research has been unpaid but I try as much as is practical to get funding for it at some point--make a minimum viable product to write a grant upon and if it doesn't work out then make it publishable and iterate or move on. I like strategy, it combines well with dreaming. I have some moonshot ideas too, but most things can be broken down into units digestible for peer /grant review.
I'm finding that there are a lot of theoretical problems that are also practical problems. I also feel like I am doing research all the time, but a lot of time is spent building tools and skills to do new things, and less of my time is spent actually learning new things about the earth than I would like. But I guess that's research...
Kudos on trying to make it as an independent researcher though. That's a really cool idea. How has it been applying for grants without a university affiliation? What's the breakdown of your time spent on funded research, unfunded research, and consulting?