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MJ DeMarco
I followed the science; all I found was money.
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FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
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Speedway Pass
Ah yes, the "optimizing mediocrity" lifestyle which now gets headline treatment at all financial rags.
When the recession and "reset" hits, these people are in for a rude awakening. This is what happens when a ten-year bull market and rising equity prices lobotomizes Slowlaners.
They swapped one dependence (a job) to another (the stock market). Sorry, but this isn't financial independence any more than living underneath a bridge in a cardboard box while eating freely at the local shelter.
What's worse, is the mainstream media and its media sycophants are delusionally calling this "financial independence" because it creates more "savings rats" for the economic religion known as the rat-race. And now I'm betting they will "sell this lifestyle" as an entrepreneurial venture (blogs, books, speaking engagements) and actually try to make "fastlane" type of returns.
I even discuss this a tiny bit in the sample chapters of The Great Rat-Race Escape.
Here's a question for bystanders...
If the stock market lost 50% of its value and stayed there for the next 3 years, would you need to get a job? If yes, you're not financially independent. If you can't spend more than $50 a month at a nice restaurant because of your radical "budget", you're not financially independent.
Funny how the word "financial independence" has lost its meaning...
With this new definition, every 30 year old college graduate that lives with their parents is also financially independent.
When the recession and "reset" hits, these people are in for a rude awakening. This is what happens when a ten-year bull market and rising equity prices lobotomizes Slowlaners.
They swapped one dependence (a job) to another (the stock market). Sorry, but this isn't financial independence any more than living underneath a bridge in a cardboard box while eating freely at the local shelter.
What's worse, is the mainstream media and its media sycophants are delusionally calling this "financial independence" because it creates more "savings rats" for the economic religion known as the rat-race. And now I'm betting they will "sell this lifestyle" as an entrepreneurial venture (blogs, books, speaking engagements) and actually try to make "fastlane" type of returns.
I even discuss this a tiny bit in the sample chapters of The Great Rat-Race Escape.
Here's a question for bystanders...
If the stock market lost 50% of its value and stayed there for the next 3 years, would you need to get a job? If yes, you're not financially independent. If you can't spend more than $50 a month at a nice restaurant because of your radical "budget", you're not financially independent.
Funny how the word "financial independence" has lost its meaning...
With this new definition, every 30 year old college graduate that lives with their parents is also financially independent.