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[QUOTE="Kola Dimitry, post: 4084, member: 10"] Why multiple income streams is the saving grace for lacking retirement savings. This requires a mindset shift away from thinking financial independence comes only saving money and earning 7% a year on your retirement savings over time. [B]The answer is income and here is why:[/B] [LIST=1] [*]By the time you’re midlife you have many skills [*]Have alternative means of income aside retirement [*]You can make money virtually [*]Small business comes with tax benefits when handled properly [*]Income is unlimited [*]Income streams can be tailored to your skills [/LIST] You can lay the foundation for income before you retire by testing out your ideas, learning new skills to support your ideas, such as how to establish an online presence [/QUOTE]
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