Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years.

Jack Bosch describes this as "The Pile of Money Theory": Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash.

Jack proposes the "Cash Flow for Life" approach: Money that comes in from the investments you have built such as:

• Dividend stocks • Royalty payments • Business investments • Real estate

Listen as Jack shares his story out of debt, the strategies they used to generate income, and ultimately purchase assets that provide him Cash Flow for Life.

For more information, visit the show notes at http://moneytreepodcast.com/235