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Get Rich Slow is a losing tactics

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Here is an example of slow tactics, If you want to get rich and “Get Rich Slow” is your strategy, I have bad news. It's a losing game, w...

Here is an example of slow tactics,

If you want to get rich and “Get Rich Slow” is your strategy, I have bad news. It's a losing game, with your time wagered as the gamble. Do you seriously think that the guy who lives in that palatial beach estate with the $500,000 supercar in the driveway got rich because he invested in mutual funds? Or clipped coupons from the local Super-Saver? Of course we don't. So why do we give credence to
this advice as a legitimate road that leads to wealth and financial freedom? Show me a 22-year-old who got rich investing in mutual funds. Show me the man who earned millions in three years by maximizing his 401(k). Show me the young twenty-something who got rich clipping coupons. Where are these people? They don't exist. They're fairy tales of impossibility. Yet, we continue to trust the same old tired gang of financial media darlings who espouse these doctrines of wealth. Yes sir, get a job, work 50 years, save, live mindlessly frugal, invest in the stock market, and soon, your day of freedom will
arrive at age 70 … and if the stock market is kind and you're lucky, 60! Gee, doesn't this “wealth in a wheelchair” financial plan sound exciting? In today's tumultuous financial climate, I am shocked people still believe these strategies even work. Wasn't it the recession that exposed “Get Rich Slow” for
the fraud it is? Oh I get it, if you're employed for 40 years and avoid 40% market downturns, “Get Rich Slow” works; just sit back, work, and hope death don't meet you first because, golly-gee, you're going to be the richest guy in the retirement home!

How to make your Gold Multiply?

The message of “Get Rich Slow” is clear: Sacrifice your today, your dreams, and your life for a plan that pays dividends after most of your life has evaporated. Let me be blunt: If your road to wealth devours your active adult life and it isn't guaranteed, that road sucks. A “road to wealth” codependent on Wall Street and anchored by time with your life wagered as the gamble is a dirty rotten alley.
Nonetheless, the preordained plan continues to wield power, recommended and enforced by a legion of hypocritical “financial experts” who aren't rich by their own advice, but by their own Millionaire Fastlane. The Slowlane prognosticators know something that they aren't telling you: What they teach doesn't work, but selling it does.

Source: The Millionaire Fastlane by MJ DeMARCO

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Techpopop: Get Rich Slow is a losing tactics
Get Rich Slow is a losing tactics
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