Trading will become my main income source, especially when I am an established fund manager. At the present time and for the foreseeable future, however, I will not rely on trading to meet my cost of living expenditures.
I will always have an alternative source of income which meets my basic expenditures. This alternative source of income will determine what sort of lifestyle I can enjoy (I've struggled with how to determine what lifestyle I will have. This makes it easy!). If I begin consulting, for instance, and have a high alternative income relative to hours worked, then I can live a comfortable lifestyle and not violate this principle.
This means that money will only flow out of the trading account to be put into other investments, whether these are regulation A+ investments, investments in a new business, or investments in something like an IUL, gold bullion, or with other money managers.
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