Guest post at The Simple Dollar

A while back Trent Hamm at The Simple Dollar invited me to do a guest post and I finally came up with an idea that I liked: Living off Capital.

People who come from wealthy families learn how to live off capital. The rules are taught along with all the other things they learn from their parents–how to dress, how to eat, how deal with bankers and trust officers. But even though most people don’t learn the rules, living off capital is just a skill, and it’s one that everybody should learn, because everybody lives off capital sometimes.

It talks about investing for income, reinvesting to preserve capital, diversifying, and keeping your expenses flexible.