This summer, a female friend and I got together to ride bikes — something that we did together often, though generally with more people from our circles of our cycling companions. But this time, on a ride that started on a weekday morning and ended in the early afternoon, some of our buddies teased us about having to work and being unable to join us.
At one of our rest stops, we talked about the fact that we generated income through investing-type activities.
This experience made me wonder if too few people are investing for the long term and relying on current income to pay bills and make large purchases, whether for a new cycling gadget, an epic trip, or retirement years. I grasp that working in a traditional job doesn’t negate saving and investing for the long haul. But the inability to realize that others may have sources of income outside of a regular job cues me to consider that not everyone exercises their talents, interests, and inclinations in a way that’s conducive to accumulating and building wealth.