249 | Note to Self: Slow the Burn

Dear Richard,

Income's value is infinite until it covers your lifestyle.

And then each extra dollar is a little less valuable.

On the way up, only debt covers a shortfall - a nightmare if left alone.

Extra income that closes the gap is life-changing.

But it's valuable on the way down too.

Because assets burn fast when they're covering every dollar of lifestyle.

But income slows that burn.

Even a modest amount might extinguish it forever.

"We haven't saved enough" is far less deadly than "I can't do this anymore".

Create value more than you hoard it,

Richard