A first-class ticket to the Sidewalk is to have no financial plan. The Sidewalk’s natural gravitational pull is poverty, both in time and money. You cannot solve poor financial management with more money. You can be income rich and still ride the Sidewalk dirty. If wealth is defined by income and debt, wealth is an illusion, because it is vulnerable to potholes, detours, and “bumps in the road.” When the income disappears, so does the illusion of wealth. Poor financial management is like gambling; the house eventually wins.
