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MJ DeMarco
I followed the science; all I found was money.
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Hey, there's nothing slowlane about compound interest tables!!!
If more people realized the difference between earning 8% and earning 30% on their money, then more people would laugh at diversifying their money in the stock market and would start looking for *real* investments... :fastlane:
I think you (and others) have it misconstrued however I think under it all, we will agree. In fact, the *real investments* you cite above itself is the fastlane (business, real estate) - compound interest should NOT BE YOUR PLAN - compound interest should be your ACCELERANT.
Show me a self-made 25 year old worth $10,000,000+ plus who's source of wealth was a product of compound interest and Ill show you a liar. Compound interest used alone as a wealth generator, is slowlane - used in the fastlane, it is an accelerant. These are TWO ENTIRELY DIFFERENT THINGS.
The goal of this forum is not to work your life away WAITING for compound interest to work. For those of us who have acquired millions in early in life can use compound interest NOW, vs later.
Have I said DON'T USE IT or it doesn't work? Hell no!
However, if you're working at Sears as the store manager and your "plan" is to work and save while leveraging the laws of compound interest, you're not living in the slowlane, you're dying in it.
I don't understand why people get all bent out of shape about it and try to view this as a vindictive attack on the law -- just because its slow doesn't mean it doesn't work. I have a degree in Finance; I know the difference on a 5 year return of 5% vs 50% - the flawed logic is a 50% yield is only available to those investing in the fastlane (business, real estate) -- you can't buy a 50% yield CD at the bank.