Without (Increasing) Income, There Is No Retirement
You’ve got a valuable home and a hefty retirement portfolio, but cash flow may be the most underrated tangible asset that you have.
Cash flow is the lifeblood of financial security, happiness and freedom. Run out of this or have it reduced, and your world can be turned upside down. For example, the difference between most homeless people and those who are not homeless, financially speaking, is that usually a homeless person doesn’t have enough cash flow to pay for housing, and a person with a home does.
For most of us, cash flow is derived from working. that can eventually replace your paycheck from a job. This is called building wealth, and it’s something most of us work toward our entire lives. Wealth can mean the freedom to do the things we love, as well as avoid the things we don’t. Whether you’re looking from a career that’s great for your wallet but bad for your physical or emotional well-being, or maintain your lifestyle in retirement, you need to replace your paycheck.
