Final answer:
Balancing present and future interests involves generating reasonable income now while preserving principal for the future.
Step-by-step explanation:
In terms of balancing present and future interests, it is important to consider the concept of reasonable income now and principal later. This refers to prioritizing the generation of income in the present while also considering the preservation and growth of the principal amount for the future.
For example, individuals may choose to invest a portion of their income in long-term assets such as stocks, real estate, or retirement accounts. By doing so, they can enjoy a reasonable income now while also allowing their principal to accumulate over time, potentially providing a larger sum in the future.
Overall, the idea is to strike a balance between immediate financial needs and long-term financial security, ensuring that the present income is sufficient while also setting aside a portion for the future.