Slowlane BS or a Good Strategy ?

[Stanisław]

A moment ago I have seen this video -

View: https://youtu.be/Qqr9KKb1SXQ
I have watched it because it is said that this guy has a good camera presence and that is a skill that I am working on that will help me explode my INCOME. This dude is retired at 31 with two kids so that does not sound like a Slowlane - 31 is not old. This dude states "THE SECRET IS THAT IT COMES DOWN TO YOUR SAVINGS RATE AND NOT YOUR INCOME" - what the heck ???. It's actually ridiculous because this guy literally exploded his income via content creation on the internet and then he focused on real estate from what I have got to know. He also mentions an article by Mr Money Moustache with such a chart:

Savings Rate(Percent%)	Working Years Until Retirement
10	51
20	37
30	28
40	22
50	17
60	12.5
70	8.5

So is this dude just spreading SLOWLANE strategies to get viewer's attention when he firstly increased his income via FASTLANE ???

 

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[Jobless]

Yes,

Increasing savings rate is easier than increasing income. If you want people to listen, you tell them the easy solution, not necessarily the right solution. If a person thinks they earn good money, they may stop listening if you tell them to make more. This is because they may be equating money with time, thus to earn more means to work more hours.

If this content producer assumes this about you and adapts his advice in this way, why listen to him?

Neither income nor savings rate is correct, as one cannot exist without the other. It is the product of income * savings rate that builds wealth.

 

[p0stscript]

So if you earn 384 a week (20k a year) saving 70% leaves only 115, and in eight and a half years saving you will have only have saved just under 120K. Firstly, with you will have great fun living on that , and secondly, for all that scrimping you will have six years worth of money, or twenty if you've got use to living on such low amount, some retirement!

 

[Ing]

Isn’t the secret: you need maybe 1500 a minth for livong. So it your saving rate is 70%:
1500= 30%
1500/30*100= 5000.
So with 5000 income a month you save 3500 a month, 42000 a year.

After 8,5 years, its 357000.
well, if you want to retire at 357000, you can live at 1500 a month for 29,88 years. 4% interest(etf) , tax 26%, no inflation.

Ok.....

 

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[Johnny boy]

Think about what happens to you as a person when you do this.

1. You have a boring life. You save all of your money and live on scraps like a little slave.
2. This does nothing to drive your income higher, all you think about is "less".
3. You burn up your time on earth doing nothing because stuff costs money.
4. You keep your income low this way, never being motivated to make more, never taking risks, always saving. You can't pay a grand for a new business idea, it's out of your 'budget'.
5. Now that you've done nothing for 20 years, it's time to do even more nothing for 40 years, since now you don't work, but you spend the same amount of money, and you couldn't save up a lot because you never grew your income because you never took any risks that cost money.
6. Now you're dead. You did nothing, you spent nothing, you made nothing, you took a lot of breaths and ate a lot of cheap meals and took a lot of shits and that was it, time to die. But you won't mind being dead, you do nothing for an eternity, it's right up your alley!

Imagine you were talking with a person who said "I receive 5 pennies a day. I live in the woods. I can eat bugs to save money. If I can just reduce my spending to 2 pennies a day, I can save 3 pennies. When I get older I'll be able to buy a nice dinner for myself and maybe even a stay at a hotel one night before I die" You would think "what the F*ck is wrong with him?"