JAJT
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I'm beginning to believe advice like this comes from a place of good intention rather than a place of experience.
I imagine it starts with the idea that "most people who listen to this don't have what it takes to take the risks and moves necessary" so right out of the gate they've eliminated all the real wealth-building advice they have to offer and need to come up with something else.
Then they think "what can I say that WOULD probably help those 99% that don't have what it takes?" and once you start thinking like this, you get his list:
- Be cheap
- Don't rack up debt
- Save for a rainy day
- Invest in index funds that require no thought or analysis
- Gamble with 10% of your savings
- Buy on sale (so basically #1, again)
- Barter (so basically #1, yet again, but this time be really annoying about it)
- Read
- Don't be a dick
And he's right - all this crap is likely good advice for someone who wants to live a normal, moderately successful life. It's pure 100% slowlane. Get rich slow, hope you live long enough to enjoy it.
In his defense, Vanity Fair sensationalized the title. His first words were "be a little bit richer than you are today". And to that end, this all pretty good advice. Vanity fair however throws "Mark Cuban's rules to get rich", which isn't even REMOTELY the same thing.
I imagine it starts with the idea that "most people who listen to this don't have what it takes to take the risks and moves necessary" so right out of the gate they've eliminated all the real wealth-building advice they have to offer and need to come up with something else.
Then they think "what can I say that WOULD probably help those 99% that don't have what it takes?" and once you start thinking like this, you get his list:
- Be cheap
- Don't rack up debt
- Save for a rainy day
- Invest in index funds that require no thought or analysis
- Gamble with 10% of your savings
- Buy on sale (so basically #1, again)
- Barter (so basically #1, yet again, but this time be really annoying about it)
- Read
- Don't be a dick
And he's right - all this crap is likely good advice for someone who wants to live a normal, moderately successful life. It's pure 100% slowlane. Get rich slow, hope you live long enough to enjoy it.
In his defense, Vanity Fair sensationalized the title. His first words were "be a little bit richer than you are today". And to that end, this all pretty good advice. Vanity fair however throws "Mark Cuban's rules to get rich", which isn't even REMOTELY the same thing.