Owen Raskovich

$167,000 of it comes from the interest earned.

Only $78,000 comes from the deposits of what we put away.

That's because after a couple of years, the interest is earning more interest.

And not only that, after a period of time, sometime in the future, we're earning so much more than $50 in interest per week.

And that's what they call a passive income.

When your, I guess, savings and the interest earned on those savings and the returns earned on those savings start to replace the amount that you can earn from your job.

And that, or not even your job, what you need to survive.

And we've talked about the fire movement and all those different types of things over the series.

Kate had some really great ideas on that.

That's what you need to remember.

That's why we need compound interest and that's why you cannot underappreciate it.

The third thing on my list is tax.

Now, I'm not a tax accountant.

I'm not a tax agent.

I'm not pretending to be one.

I'm also not a rocket scientist.

But you know what?

I understand most of the important tax rules that apply to my situation and even to our business's situation.

Why?

Because tax is the most expensive bill, chances are, any of us will pay in our entire lifetimes.