From the slow lane to the fast lane

[YouNomadic]

For the last 5-6 years I've been following the slow lane plan: Climb the ladder, get a job with a good salary, live frugally, save half your income and invest it in real estate and index funds. I'm 32 and by my calculations I could have achieved 1 million in assets by the time I'm 38... IF house prices kept going up, and IF the stock market didn't crash... All the while working in an office I hate, with people I don't choose to be around, for 40+ hours per week for the next 6 years. To me it's a prison sentence. Sure it's a little bit shorter than most people are looking at, but it's still 6 of the best years of my life, working to make someone else rich. Reading the Millionaire Fastlane was like a breath of fresh air for me: I've always looked down on the pavement dwellers, thinking I'm so smart. I've seen the Fastlane folk but always thought that it's for the lucky, not for me.

Now I can see that it's possible, and I can't unsee that. Now I have to try it. I have taken 12 months off from my job (which I hope not to return to) and am dedicating the time to creating a business that sustains me even when I'm not working.

 

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[MJ DeMarco]

Welcome my friend.

Now I have to try it.

This isn't something you try. You can't try to be a successful baseball player by taking a few swings at the plate.

There is no difference. You live it, or you just try.

 

[YouNomadic]

Welcome my friend.



This isn't something you try. You can't try to be a successful baseball player by taking a few swings at the plate.

There is no difference. You live it, or you just try.

Good point. I think Yoda had something to say about that ;-)

 

[Paul Schuyler]

Don't forget Mr. Miyagi, he said it too.

 

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[Arthur Redline]

"This isn't something you try. You can't try to be a successful baseball player by taking a few swings at the plate."


Exactly what I tought reading it. And one year is most likely not gonna cut it my friend. You need more like 5 years to get something worth while. The process to succces is like 4,5 years usually and in the fifth year you might get lucky. And that is if you give it your all.