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you must unlearn what you have learned.
Old age and miserly living are not a prerequisite to wealth or retirement.
“Get Rich Slow” takes a lifetime, and its success is nefariously dependent on too many factors you cannot control.
“when you get hired” and “when you get a job” as if starting a business was a dirty thought.
asymmetric scale—those with jobs operate under a linear
environment.
It wasn’t about the decision to move; it was about taking control and knowing that I had a choice.
Thousands of people benefited from something I created, which addicted me to the process.
Wealth is a process, not an event.
Wealth eludes most people because they are preoccupied with events while disregarding process.
made millionaires don’t become millionaires by stumbling into money. Likewise, financial failures don’t become failures by stumbling into poorness.
Yes, the world is full of financial illusionists.
If you’re older than 35 and have less than $19,000 in net worth, let me be blunt: What you are doing isn’t working. You need a new roadmap.
There is little hope for Sidewalkers because their roadmap is corrupted by gratification, nearsightedness, and irresponsibility.
Life on the Sidewalk naturally pulls you to poverty.
The first step to escaping the Sidewalk is recognizing that you might be on it . . . then replace it with something that works!
credit,
When you don't feel wealthy, you'll try to conjure that feeling with the swipe of a VISA or the completion of a credit application. As such, you head to the BMW dealership and buy a car on credit. You buy a nice pair of Prada shoes or a new iPhone. Altogether, these things are presumed to give you respect, pride, admiration, and acceptance. And what are these feelings supposed to do for you? You anticipate joy.
buys choices. Money buys experiences and memories.
Sidewalk
Affordability is when you don't have to think about it.
To overcome wealth impersonation, know what you can and can't afford.
discipline, sacrifice, persistence, commitment, and yes, delayed gratification.
Instead of you owning your stuff, your stuff owns you.
Process creates events that others see as luck.
product of process, action, work, and being “out there.”
Responsibility is the forefather of accountability, but one doesn't evidence the other.
Accountability is culpability to consequences and modifying your behavior to prevent those consequences.
The Slowlane as a total plan is the problem, not the Slowlane being a piece of the plan. This distinction is critical because financial discipline must accompany any wealth campaign.
While people easily recognize and reject a negative 60% return on their money, they do it willingly with their time.
I don’t consider “settle for less” a strategy,
Jobs suck because they’re rooted in limited leverage and limited control.
Experience comes from what you do in life, not from what you do in a job.
You don’t need a job to get experience.Ask
There are only so many tomorrows.
Uncontrollable Limited Leverage,
“If the Slowlane is your plan, ‘ULL’ never get rich.”
The “primary income source” (defines how income is earned) The “wealth accelerator” (defines how wealth is accumulated)
Small numbers do not make penta- or decamillionaires.
Both variables within the Slowlane wealth equation are anchored by time—time traded in a job and time traded in market investments. Time becomes the linchpin for wealth that congenitally ties to the mathematical handicaps of mortality: 24 hours in a day and a 50-year work-life expectancy.
Not all education is equal or virtuous. Some education can deter wealth. If an education entombs you under a mountain of debt and shackles you to a job for the rest of your life, is it really a good education?
Good advice comes from the guy who scores touchdowns—not the guy who can’t even get on the field!
the rich use the markets for income and wealth preservation—not to make it!
If the “do as I say” doesn’t match the “do as I do,” you should be suspicious.
Take advice from people with a proven, successful track record of their espoused discipline.
Many money gurus often suffer from a Paradox of Practice; they teach one wealth equation while getting rich in another. They’re not rich from their own teachings.
If your retirement is assigned to others, you take uncontrollable risks.
