![]() This shitty advice is everywhere: TV, radio personalities, bloggers, magazines articles, and on the front page of Yahoo Finance, a daily smattering of mediocreĪdvice dispensed from mediocre people, all designed to keep you pinned down to a miserable existence of lack and deprivation. This crap advice is apart of the typical the mainstream mediocre BS that you're fed daily. Sorry, but saving ten bucks a week for the rest of your life just because you stopped drinking Starbucks isn't going to make you rich. As a Fastlane entrepreneur, you're not bound by the limitations of mathematics - you could be broke today and a millionaire next year. I don't care who you are: the value of home, the value of your stock portfolio, or the value your employed salary will never increase byĥ00, 5000, or 50,000% next year. Millionaire Action #1ĭump your misguided belief that a holy trinity of uncontrollable financial apparatuses will someday make you rich. Leave the tricycles to children on the playground- dump hope, then demand control. If you cannot control your financial plan, sorry bro, but YOU'RE NOT IN CONTROL OF YOUR LIFE. Hooray for hope, hope, and hope! In other words, good fucking luck. Gee, hope I don't get pink slipped! Gee, hope I get a raise! Gee, hope the markets make me 8% this year! Gee, hope that stock goes up! Gee, hope my 401k benefits aren't slashed! Gee, hope my house is a good investment! Gee, hope I'm alive at ![]() When the tricycle is your strategy for wealth, your plan is nothing more than a 40 YEAR PLAN OF HOPE. You're witnessing firsthand the dire consequence of the fiscal tricycle as a financial plan. Retirement age has morphed from 65 to 6 feet under, till death does employment part. College grads are pouring coffee and living at home until 29. MBA's are selling shoes during the day and waiting tables at night. It should because that's what happened in recent years. ![]() If your home loses 50% of its value in 2 years and interest rates go up on your variable mortgage, you're screwed. If the stock market loses 40% after a 4 year recession, you're screwed. If you lose your job, or go underemployed, you're screwed. The problem with the fiscal tricycle as a plan for wealth is that you cannot control or leverage anything within the trinity. And sadly, that failure doesn't show it's incompetence until you've given it 40 years of allegiance. This 3-wheeled financial trinity, pitched and peddled by the mainstream, has proven to be a gross failure. Instead of climbing aboard the millionaire train, you've hopelessly climbed aboard a fiscal tricycle of poverty, an erroneous financial belief that the stock market, the housing market, and the job market willĮxcuse me while pull out the Brawny and clean up the coffee I just threw-up. So that said, if you ever aspire to become a millionaire, let me give you the 11 poverty traps that ultimately hold the key to you remaining in poverty, mediocrity, or wealth.Įxcept there's one problem: You've bought the WRONG ticket! Have a fucking clue what they're talking about! They're simply regurgitating age-old concepts evolving from an outdated template on life, one that leads to either failure or middle-class mediocrity. ![]() (And I mean "rich" in terms of TIME, not just MONEY!)įrom my multimillionaire standpoint, these people don't The fact is, after suffering through umpteen articles about "how to become a millionaire" it's clear to me that none of these articles have actually been written by millionaires, or anyone who actually knows what If the road to becoming a millionaire was just so simple as a good 401(k), home ownership, saving 10% of your paycheck and dropping it into an indexed mutual fund, wouldn't we be awash with 60 and 70 year old millionaires by now? While my initial reaction is often a combination of severe LOLage and bewilderment, this feeling often gives way to sadness: First, people are reading this garbage in droves and second, they are believing it without question. To get rich" articles you see plastered on the front page of Yahoo Finance every so often. This is how I feel when I read one of those "how Is an anonymous shadowy fat man giving you fitness advice? ![]()
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