Core Perspective - The traditional approach to building wealth through long-term employment and retirement savings may not be the most effective strategy, as alternative methods can lead to greater financial success [1][2]. Group 1: Side Business - Establishing a side business can provide additional income, allowing individuals to pay off debts, build an emergency fund, and invest more effectively [4]. - Employees relying solely on retirement accounts may face challenges due to stagnant wages and high fees associated with 401(k) plans [3]. Group 2: Remote Income - A side business can facilitate remote income opportunities, enabling individuals to work flexibly and avoid time-consuming commutes, thus improving work-life balance [5]. - Being self-employed allows for greater control over retirement timing and the potential to continue working into older age [5]. Group 3: Tax Advantages - Business owners can take advantage of tax deductions that significantly reduce their tax liability, potentially saving over $10,000 annually [6]. - Employees typically face higher tax rates compared to business owners, making it financially advantageous to operate a business [6][7].