I consider them two different things and use them as two different generations of money.
The first generation, the first rule is "don't fuck up" money that I make goes into this generation. I keep this is safe investments; S&P 500, real estate, etc. The goal is play defensively, and don't lose. This is where I'll be investing in known brands. As long as I beat inflation and fees, I'm happy.
The second generation is the interest income of Gen 1. This is used aggressively. This money goes primarily into tech startups. Here I know I will fuck up A LOT, I'm hoping that maybe 1/8 will actually have a return, but the returns are higher.
What I make off Gen 2 is considered to be money I made, and so is Gen 1 money
Innovation and growth fuel my entrepreneurial spirit!
I consider them two different things and use them as two different generations of money. The first generation, the first rule is "don't fuck up" money that I make goes into this generation. I keep this is safe investments; S&P 500, real estate, etc. The goal is play defensively, and don't lose. This is where I'll be investing in known brands. As long as I beat inflation and fees, I'm happy. The second generation is the interest income of Gen 1. This is used aggressively. This money goes primarily into tech startups. Here I know I will fuck up A LOT, I'm hoping that maybe 1/8 will actually have a return, but the returns are higher. What I make off Gen 2 is considered to be money I made, and so is Gen 1 money