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The Millionaire Fastlane By MJ DeMarco Book PDF Free Download
The Great Deception
THE “MTV CRIBS” EPISODE THAT NEVER HAPPENED
Host: “Today we visit 22-year-old Big Daddyhoo and his 8,000-square-foot crib here on the beautiful Atlantic coastline live from sunny Palm Beach Florida.
so, Big Daddyhoo, tell us about your rides!” Big Daddyhoo: “Yo dawg. we got the Ferrari F430 over there with the 22-inch rims, the sick Lamborghini Gallardo over there with the custom 10-speaker stereo, and for those nights when I just wanna chillax with the ladies, the Rolls Royce Arnage does my do.”
Host: “So, Big Daddyhoo, how can you afford all these gorgeous rides? And this mansion on the beach? It must have cost more than $20 million!” Big Daddyhoo: “Yo let me tell you dawg, Big Daddyhoo got rich chilling in mutual funds and popping phat money in my 401x down at my Win-Go Wireless job.”
Suddenly, you hear a record screech off the turntable. Silence. As you can imagine, this scenario would never happen. Big Daddy’s answer is preposterous and laughable.
We’re smart enough to know that wealthy 22-year-old kids don’t get rich investing in mutual funds and stashing money in their 401KS from their job at the cell phone store.
We know that people who get rich young fall into a unique subset of society: pro athletes, rappers, actors, entertainers, and famous people. Those of us outside this demography are left with the traditional advice showered upon us by financial experts.
It’s called “Get Rich Slow” and sounds something like this: Go to school, get good grades, graduate, get a good job, invest in the stock market, max out your 401K, cut up your credit cards, and dip coupons… then someday, when you are, oh, 65 years old, you will be rich.
“GET RICH SLOW” IS A LOSING GAME
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 401x.
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 doesn’t meet you first because, golly-gee, you’re going to be the richest guy in the retirement home!
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’s not 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 Slow lane prognosticators know something that they aren’t telling you: What they teach doesn’t work, but selling it does.
| Author | MJ DeMarco |
| Language | English |
| No. of Pages | 340 |
| PDF Size | 3.4 MB |
| Category | Business |
| Source/Credits | archive.org |
The Millionaire Fastlane Book PDF Free Download