The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

by J.L. Collins

Once you are financially independent, begin living on your investments. At the point you become financially independent, you can decide if you are still having fun and want to continue your career or try something new. If you keep working, invest 100% of your earnings. You are living on your investments now. This will dramatically accelerate the growth of your assets. Note: You don’t have to implement these last three points literally. Rather, this is a way to think about your assets and income. Most likely, in executing this concept you will want to spend from your earned income while keeping your investments intact and adding to them. This growth of your assets will, in turn, accelerate the growth of the spendable dollar amount 4% represents.