LISTEN: mp3 audio (1:09 min)
Here’s a common paradigm for work & retirement:
1. You work to produce an income.
2. You save some of that income and
accumulate a pile of money.
3. When the pile is big enough, you stop
working and live off the accumulation.
Here’s an alternate paradigm:
1. You work to produce an income.
2. You save some of that income to
generate more income right now.
3. Over time, your income from savings
grows.
4. At some point, your only “work”
is to continue growing your income
from savings.
What do you think? Do you see the two options as the same thing phrased differently, or do the two approaches reflect distinctly different perspectives and strategies?
