Growth means capital appreciation, with income as a secondary consideration or not at all.

Scott is an example of someone who’s looking for growth. He has a solid employment situation. He’s in the financial services business with a unique skill set. His compensation level is very high. He’s married and has two young children. He does not need any investment income. There’s a lot of stress in his profession, and although he’s managed it well, he’s concerned about the long-term consequences of staying in this particular field.

Scott: I’ve recognized I have the potential to make a lot of money. I’ve been focused on saving as much as I can, particularly early on in our marriage, before we had children. Now that we have children, there are ...

Get Practical Lessons for Your Financial Life (Collection) now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.