My new CPA shook her head. “It’s terrible. You’re too young not to contribute the full amount to your retirement plan. Can you get a different job?” I appreciate the frankness of my new CPA. She’s right—I am too young not to contribute the full amount to my retirement plan. But is getting a new job my only option? And what put me in this position to begin with?
Now, the point of this post is not to diss the traditional Office Job. As a single mom with financial obligations up her pencil skirt, I rely on income in the form of frequent and regular deposits into my checking account. The point of this post is that I recently learned there are other—dare I say more efficient?—ways of making money.
We’re only 3 singers deep into what must be a vast R&B network of friends, and already my initial deposit of $1 was turned into $1 in my pocket plus $0.90 in Beyoncé’s plus $0.81 in Jay-Z’s plus $0.73 in Rhianna’s thanks to fractional reserving. In total the four of us now have $3.44 to spend, but only $1 of it is real. Sounds like song lyrics, doesn’t it?