The-J
Dog Dad
FASTLANE INSIDER
EPIC CONTRIBUTOR
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If money rules your life, you're a slave by definition.
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To expand on your point:
Budgeting is a key example of "discipline equals freedom": by being tight with your money now, and putting your meager resources into things that can grow your means, you can have freedom later. Let's say you earn $3,000/month post-tax and work/commute 50 hours a week, and your expenses are $2,000/month. You've got $1,000/month and 118 hours to do whatever you want, so what do you do?
Sidewalk: spend it on stuff and experiences, or gamble on crypto or highly shorted stocks
Slowlane: put in their 401k/TFSA and invest in ETFs/mutuals/indexes or put toward education to increase earning potential, or save for their own home
Fastlane: invest in your own business, knowing that it might earn $0 today but is part of a plan to earn more later.
The Sidewalker lives life with no budget and thinks they're free, but will be stuck working for the rest of their lives. The Slowlaner has a budget and is doing "the responsible thing" by letting outside forces that they don't understand determine their ability to retire. The Fastlaner also has a budget, but is building an asset that belongs to them.
Now let's look at TIME. How do they spend their time?
Sidewalk: all extra time is spent on consumption. Consume, consume, consume.
Slowlane: extra time is spent on formal education to improve earning potential through certificates... until they're comfortable, then they consume, consume, consume.
Fastlane: extra time is spent building an asset and doing what's necessary to build that asset. Consumption is kept low, and they prioritize family and only the closest friends who understand their process.
This is what the process looks like when you're working your job and trying to build something. On the surface they all look the same: just average Joes with average jobs. But look deeper and it becomes obvious who you should bet on.
---
To expand on your point:
Budgeting is a key example of "discipline equals freedom": by being tight with your money now, and putting your meager resources into things that can grow your means, you can have freedom later. Let's say you earn $3,000/month post-tax and work/commute 50 hours a week, and your expenses are $2,000/month. You've got $1,000/month and 118 hours to do whatever you want, so what do you do?
Sidewalk: spend it on stuff and experiences, or gamble on crypto or highly shorted stocks
Slowlane: put in their 401k/TFSA and invest in ETFs/mutuals/indexes or put toward education to increase earning potential, or save for their own home
Fastlane: invest in your own business, knowing that it might earn $0 today but is part of a plan to earn more later.
The Sidewalker lives life with no budget and thinks they're free, but will be stuck working for the rest of their lives. The Slowlaner has a budget and is doing "the responsible thing" by letting outside forces that they don't understand determine their ability to retire. The Fastlaner also has a budget, but is building an asset that belongs to them.
Now let's look at TIME. How do they spend their time?
Sidewalk: all extra time is spent on consumption. Consume, consume, consume.
Slowlane: extra time is spent on formal education to improve earning potential through certificates... until they're comfortable, then they consume, consume, consume.
Fastlane: extra time is spent building an asset and doing what's necessary to build that asset. Consumption is kept low, and they prioritize family and only the closest friends who understand their process.
This is what the process looks like when you're working your job and trying to build something. On the surface they all look the same: just average Joes with average jobs. But look deeper and it becomes obvious who you should bet on.