More on this book
Community
Kindle Notes & Highlights
Never, never, and never. But hey,
don’t worry—he’s saved quite the portfolio and was featured on Business Insider’s front page as a model for portfolio wealth; never mind that he destroyed one wealth in pursuit of another. Live poor and die rich. It’s SCRIPTably diabolical.
THE ILLUSION OF CHOICE: WHO WILL BE YOUR SLAVEMASTER?
The Promise: Happiness through consumption The Leash: Consumption and entitlement The Collar: Debt and dependence The Slavemaster: Corporations and/or government The Rat Race: Consume, debt, work (or vote), repeat
Anyone can be a Sidewalker: lawyers, cashiers, entrepreneurs, truck drivers, doctors, engineers, the McDonald’s manager and the
cashier he manages.
The Sidewalk is an equal-opportunity meat grinder, immune to race, education, achievements, titles, and income. The path to the Sidewalk has ...
This highlight has been truncated due to consecutive passage length restrictions.
The common thread among Sidewalkers is they always live “one something” from broke: one paycheck, one business deal, one gig, one album failure, one welfare check, one contract.
As such, a Sidewalker has no financial plan other than a relentless pursuit of cash to fund a lifestyle built on credit and yesterday’s paycheck. And since a Sidewalker’s financial plan is about as real as Santa Claus in mid-June, the fiscal future becomes a tenuous gamble reliant on guaranteed employment, government entitlements, and unlikely “easy money” crapshoots: casino gambling, lottery tickets, frivolous lawsuits, and various other free-money fairy tales.
Sidewalkers routinely waste time in superfluous hyperrealistic proxies:
sports, television dramas, Internet comment wars.
Nonetheless, the beat goes on: One hundred dollars saved every month could be worth $5 million after fifty years! Inflation? Stock market crashes? Life expectancy? Survivor biases? Zero percent interest rates? Currency devaluation? My friends, pay no attention to probable reality because, just like lotteries, probable reality plays no role in feel-good fantasies! You’re going to be rich!
