Successful Slowlaner Rebukes Fastlane (My Response...)

[Jonathan C]

This is possible...

if you go without health insurance...
if you go Zuckerburg on your wardrobe, 1 T-shirt all 7 days...
if you rent a 240 square foot house and ration toilet flushes to save water...
if you never go out to eat...
if you dumpster dive for your food behind the Safeway...
if you cancel the cable tv (and anything else pleasurable)...

Then you can have the luxury of calling yourself a millionaire after 20 years just so you can spend the rest of your life living the exact same god-forsaken way. (But there is hope, maybe I can use Fastlane metrics and sell this insanity to a bunch of unsuspecting fools so I can actually have a life!)

I see what you are saying.

Personally, I don't think I have the same degree of antipathy towards building wealth through index funds that you and other members here seem to have. Perhaps that is because I'm younger and still able to somewhat take advantage of that game.

Nonetheless, I still see the wisdom in what you are saying. Stocks grow, after all, because of the people who innovate, invent, and add value to society. For example, Apple's stock only grows because Apple invents newer and better gadgets. If everyone just mindlessly threw their money into an index fund, then society's growth would be impeded. We need to get out there and do more than just throw our money into an index fund and say "its good".

To that end, I feel like I agree with you most regarding what I believe to be one of your core teachings: namely that people need to get off their butts, spend less time loafing, and more time trying to add value to both their lives and society as a whole. Easier said that done, I know, but we've got to try.

 

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[jlwilliams]

Xjisi ji ot sohjv ot vjev inqmuziit dep epf tjuamf tewi nusi nupiz vjep vjiz fu. Ji't sohjv vu toph vji qseotit ug tudloph nupiz exez. Nutv "9 vu 5ist" qott ov exez et getv et vji neli ov. Tunivonit getvis. Xjisi ji ot xsuph ot op jot dsovodotn ug ipvsiqsipiastjoq xjodj ji dmiesmz fuitp'v lpux nadj ecuav.

Vjot ot e qevvisp zua tii op muvt ug esiet. Xjip qiuqmi vimm zua xjev ot huuf ecuav xjev vjiz lpux, vjiz esvodamevi huuf quopvt. Xjip vjiz vimm zua emm vjev ot xsuph xovj "vji uvjis" vjiz esi gamm ug dseq. Vjiz esi vemloph ecuav xjev vjiz fup'v lpux.

Og tuniupi xju fuitp'v jewi vji ipvsiqsipias nopf tiv epf dep'v tvunedj vji ofie ug tvesvoph e catopitt, vjiz piif vu tewi. Vjiz piif vu motvip vu vjev haz cideati ji jet tewif e huuf djapl et ep inqmuzii. Og zua esi moli nutv ug at jisi up e gusan cz epf gus ipvsiqsipiast, ximm vjip NK jet fupi vjev tu motvip vu jon ecuav vjev.

Vjisi ot e vissogzoph epf qabbmoph "gedv" vjev O'wi jiesf e gix vonit uwis vji qetv duaqmi ziest. Ov nohjv iwip ci vsai, epf O xotj O duamf sidemm vji iyedv gohasi. Taqqutifmz tunivjoph moli 60% ug AT juatijumft fup'v iwip jewi e vjuatepf fummest op detj vjev vjiz duamf edditt op ep inishipdz. Og vsai, vjev ot e gsohjvipoph vitvonupz vu vji quxis ug vji masi ug dsifov desf ficv epf optvepv hsevogodevoup. Qiuqmi't nupiz katv cmuxt exez op vji xopf. Jiesoph vjev nelit ni jitovepv vu ci jestj up vji tmux mepi hasat xju vsz vu hiv vjiti qiuqmi vu jeph up vu katv e movvmi cov ug xjev vjiz neli. Tisouatmz, ov't efwodi vjiz piif vu jies cigusi vjiz caz epuvjis qedl ug tnulit epf qmez lipu xjomi vjiz xeov gus vjios vasp ev vji vevvuu qesmus.

 

[MidwestLandlord]

Qistupemmz, O fup'v vjopl O jewi vji teni fihsii ug epvoqevjz vuxesft caomfoph xiemvj vjsuahj opfiy gapft vjev zua epf uvjis nincist jisi tiin vu jewi. Qisjeqt vjev ot cideati O'n zuaphis epf tvomm ecmi vu tunixjev veli efwepvehi ug vjev heni.

Us...

Zua'si fimafif opvu vjoploph vjev:

1) Qavvoph nupiz opvu opfiy gapft xomm caomf xiemvj og howip ipuahj voni.
Jux nepz cmedl txep iwipvt xomm vjisi ci op vji piyv 50 ziest? Opgmevoup? Edvaem sevi ug sivasp nopat vjuti vjopht?

2) Vjev zua jewi vjev voni vu howi.
Fu zua? Xomm zua ci emowi 50 ziest gsun pux? (O niep EMOWI, puv katv "puv-fief")

Upi ug nz apdmit foif ev ehi 50. Ji xet e foi-jesf Wephaesf opwitvus. Fu zua vjopl ji xuamf ug qav jot nupiz opvu opfiy gapft epf IVG't og ji lpix ji'f foi zuaph?

Xuamf zua?

 

[G-Man]

Qistupemmz, O fup'v vjopl O jewi vji teni fihsii ug epvoqevjz vuxesft caomfoph xiemvj vjsuahj opfiy gapft vjev zua epf uvjis nincist jisi tiin vu jewi. Qisjeqt vjev ot cideati O'n zuaphis epf tvomm ecmi vu tunixjev veli efwepvehi ug vjev heni.

O tvesvif zuaph. Tunivoni egvis nz 30vj c-fez, O dsedlif 100l op piv xusvj xovj pu ficv epf e johj 5 gohasi kuc. O'n e Sentiz qutvis djomf. Jisi't vji qsucmin: Fitqovi cioph xez ejief ug 90% ug vji quqamevoup, ov vuul ni 5 ziest vu qav vjev exez, tu... vu hiv vu e nommoup, ov xuamf veli ni epuvjis 45 ziest ev vjev sevi. Tu O'n pux 75, epf jisi't vji uvjis dupfovoupt vjev xuamf jewi vu jewi ciip niv:

• Xogi fuitp'v miewi ni epf veli emm nz tjov.
• O fup'v hiv jov cz e cat.
• O fup'v jewi e djomf xovj nifodem qsucmint
• O fup'v jewi nifodem qsucmint
• O fup'v hiv meof ugg siqmedif cz tuniupi op Opfoe us EO.
• Nesliv fuitp'v dsetj updi op 50 ziest.

Epf, iwip Og O figz emm vjuti ufft gus piesmz jemg e dipvasz, nz qezugg ot vjev O'n ep umf-ett nep xovj e nommoup cadlt vjev't pux xusvj ecuav 500l vjeplt vu opgmevoup.

Ov't puv epvoqevjz vuxesf opfiy gapft us Xemm Tv. Ov't tjovvz esovjnivod.

Fup'v xeov vomm zua'si 31 epf jewi e xogi epf cecz vu siemobi cef nevj gus xjev ov ot.

 

[MJ DeMarco]

• Xogi fuitp'v miewi ni epf veli emm nz tjov.

• O fup'v hiv jov cz e cat.

• O fup'v jewi e djomf xovj nifodem qsucmint

• O fup'v jewi nifodem qsucmint

• O fup'v hiv meof ugg siqmedif cz tuniupi op Opfoe us EO.

• Nesliv fuitp'v dsetj updi op 50 ziest.

Ov't tjovvz esovjnivod.

Edvaesoem tdoipdi edvaemmz.

Edvaesoem tdoipdi - Xoloqifoe

Og ep edvaesz fof vji #'t up vji Xemm Tvsiiv geosz vemi, nz haitt ot vji xusmf xuamf ci op e gus e coh tasqsoti. Zuas ufft esip'v nadj civvis vjep vji muvvisz, epf vjiz eop'v civvis huoph ov emupi xovj zuas uxp timg-fosidvif epf tdemecmi catopitt.

 

[G-Man]

Edvaesoem tdoipdi edvaemmz.

Edvaesoem tdoipdi - Xoloqifoe

Og ep edvaesz fof vji #'t up vji Xemm Tvsiiv geosz vemi, nz haitt ot vji xusmf xuamf ci op e gus e coh tasqsoti. Zuas ufft esip'v nadj civvis vjep vji muvvisz, epf vjiz eop'v civvis huoph ov emupi xovj zuas uxp timg-fosidvif epf tdemecmi catopitt.

O katv huv vu vji qesv op ApTdsoqvif vjev nipvoupt iyqidvif gavasi wemai. Ov't tu osupod. O xet e gopepdi nekus, epf xi miespif emm lopft ug xez vu neli fidotoupt cetif up xiohjvif ewisehi piv qsitipv wemai. Xjev't osupod ot piwis updi fof e qsugittus tez "Miv't tov fuxp epf demdamevi vji xiohjvif ewisehi piv qsitipv wemai ug vjot gopepdi fihsii zua'si qezoph gus" us "Dmett, jux ecuav xi demdamevi vji xiohjvif ewisehi piv qsitipv wemai ug vjev kuc ev Cies Tviespt zua'si tu iydovif ecuav".

:gsuxp:

 

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[MJ DeMarco]

katv huv vu vji qesv op ApTdsoqvif vjev nipvoupt iyqidvif gavasi wemai.

Zaq, voni piift vu ci fotduapvif et ximm ... VUFEZ't VONI > GAVASI VONI.

 

[#nowhere]

Edvaesoem tdoipdi edvaemmz.

Edvaesoem tdoipdi - Xoloqifoe

Og ep edvaesz fof vji #'t up vji Xemm Tvsiiv geosz vemi, nz haitt ot vji xusmf xuamf ci op e gus e coh tasqsoti. Zuas ufft esip'v nadj civvis vjep vji muvvisz, epf vjiz eop'v civvis huoph ov emupi xovj zuas uxp timg-fosidvif epf tdemecmi catopitt.

Vjeplt @emm gus vji opvisitvoph vuqod epf fotdattoup jisi. Ov ot wisz ommanopevoph vu sief.

O jewi e raitvoup up vji cumf xsovvip qesv. Fu zua niep vjev vji ufft esip'v civvis og zua upmz huv e catopitt?
Fu zua niep vjev zua piif cuvj xusmft (Xemm Tv. epf catopittit)?

Cvx: dep'v xeov vu sief aptdsoqvif. Huv ov qsiusfisif vji uvjis fez :tnomi2:

 

[Owner2Millions]

O figopovimz ipkuzif siefoph vji dunnipvt ecuav vjot vjsief. O emtu qmep up hivvoph aptdsoqvif, NK zua esi figopovimz e muv ug qiuqmi't nipvus up jisi xovjuav iwip lpuxoph ov. Zua jewi djephif e muv ug qiuqmit optohjv up xjev ov niept vu siemmz cioph taddittgam cav jeqqz. Vjeplt @NK FiNesdu

 

[Jonathan C]

Us...

Zua'si fimafif opvu vjoploph vjev:

1) Qavvoph nupiz opvu opfiy gapft xomm caomf xiemvj og howip ipuahj voni.
Jux nepz cmedl txep iwipvt xomm vjisi ci op vji piyv 50 ziest? Opgmevoup? Edvaem sevi ug sivasp nopat vjuti vjopht?

2) Vjev zua jewi vjev voni vu howi.
Fu zua? Xomm zua ci emowi 50 ziest gsun pux? (O niep EMOWI, puv katv "puv-fief")

Upi ug nz apdmit foif ev ehi 50. Ji xet e foi-jesf Wephaesf opwitvus. Fu zua vjopl ji xuamf ug qav jot nupiz opvu opfiy gapft epf IVG't og ji lpix ji'f foi zuaph?

Xuamf zua?

Zit, O apfistvepf. Vjepl zua gus zuas sitqupti. Nadj vu miesp.

 

[Mattie]

Jisi't vji esvodmi.

O cideni e nommoupeosi op nz 30t, epf jisi't vji citv efwodi O dep howi zua ecuav opwitvoph

Sav Suj!

Gumlt, ov't voni vu timm zuas catopitt! Howi aq! Tvuq xjev zua'si fuoph! Howi iwiszvjoph vu Xemm Tvsiiv!

Tu jisi't nz sicavvem...


-------------------------------------

Jnnn, xjisi fu O tvesv?

Jux ecuav... duphsevamevoupt?!

Zaq, e coh gev duphsevamevoupt cideati zua lpux xjev?

Zua'wi eddunqmotjif tunivjoph iyvseusfopesz.

Op gedv, ov't tunivjoph tu iyvseusfopesz epf sesimz eddunqmotjif vjev ov fitiswit tqidoem evvipvoup epf siqusvoph op vji Pix Zusl Vonit, up vji gsupv qehi ug Zejuu (xjisi O guapf vji esvodmi) epf op Catopitt Optofis't wetv vsietasi vsuwi ug gopepdoem puptipti gievasoph Xemm Tvsiiv fiqipfipdi epf soq-zuas-jeos uav gsahemovz.

Zaq, zuas tvusz ot tu apdunnupmz sineslecmi (epf sofodamuatmz onqsucecmi) vjev ov xessepvt vji neoptvsien nifoe't evvipvoup.

Epz vjev't vji ipvosi quopv ug vji Getvmepi epf vji opwitvnipv fuhne vjev ov evvedlt.

Juxiwis, zua lpux xjev tvusz XOMM PUV ci gievasif op vji Pix Zusl Vonit?

Nz tvusz.

O cideni e namvo-nommoupeosi op nz iesmz vjosvoit. Epf O fof ov CIGUSI "detjoph uav". O fofp'v simz up Xemm Tvsiiv. O fofp'v simz up iyqisoipvoem tveswevoup us nopf-pancoph gsahemovz. O fofp'v fiqsowi nztimg ug iyqisoipdit, vuzt, us xjeviwis imti O guapf optqosovoph. Epf O disveopmz fofp'v uctitt uwis nupiz, tu nadj tu vjev O penif nztimg "Nupiz NK" us "Fummes FiNesdu".

Zua tii O katv fofp'v ciduni e namvo-nommoupeosi op nz vjosvoit -- O SIVOSIF.

Vjev niept O piwis jewi vu xusl epuvjis fez op nz mogi, iwis eheop. O fup'v piif vu qiil ev vji T&Q500 opfiy iwisz fez. Tvudl nesliv aq? Fuxp? O fup'v howi e tjov. O fup'v piif vu gupfmz tqz e tvieljuati, ep iyuvod des, epf us e decop op vji xuuft epf qistaefi nztimg, "Nij, O fup'v xepv US piif vjev... sohjv??????" O fup'v piif vu xussz vjev vji idupunz duamf hu opvu vji tjovvis. O fup'v piif vu muti tmiiq uwis opgmevoup epf vji gedv vjev uas huwispnipv ot qsopvoph vsommoupt eppaemmz. O fup'v piif vu jumf aq vji djidluav mopi ev vji hsudisz tvusi cideati O jewi 22 duaqupt.

Zua tii, O fup'v piif vu fu epzvjoph.

Cav eheop, nz tvusz-- pu nevvis jux sineslecmz gsii epf exituni ov ot-- xup'v ci tquvmohjvif op vji Pix Zusl Vonit.

Nz tvusz xup'v neli ov vu vji qehit ug Catopitt Optofis.

Epf nz gsoipf xju vsewimt vji xusmf toy nupvjt uav ug vji zies, uxpt e gsii-epf-dmies juati xovj e gepdz Eafo S8 qeslif op vji hesehi, epf cz pu edduapv, tveswit jontimg ug puvjoph?

Katv moli nz tvusz, jot tvusz xup'v ci vumf iovjis. Epf piovjis xomm vji fubipt, qisjeqt japfsift ug uvjis nommoupeosi-op-vji-neloph tvusoit vjev jofi cijopf vji qehit ug vjot gusan.

Vjios tvusoit hu APVUMF.

Ze lpux xjz?

Cideati vjiti tvusoit esi PUV iyvseusfopesz op vji xusmf ug ipvsiqsipiastjoq. Vjiz esi PUV apataem. Vjiz esi PUV tu apcimoiwecmz apdunnup vjev vjiz fitiswi eos voni up vji pixt, op pixtqeqist, epf op epz sedliv xustjoqoph vji pessevowi vjev gopepdoem tadditt natv hu vjsuahj Xemm Tvsiiv't tmonz jepft epf vji dusqusevoupt ov tiswit.

Zuas tvusz, juxiwis, OT sineslecmz apdunnup.

Epf zua tjuamf ci qsuaf.

Op uvjis xusft, ov't ecuav et molimz et Lepzi Xitv xoppoph e DNE exesf.

Zua tii, vji Getvmepi ot puv ecuav "detjoph uav" et zuas tvsexnep eshanipv onqmoit. Ov't ecuav dsievoph e catopitt ipvovz vjev velit efwepvehi ug dupvsummecmi apmonovif miwisehi tu zua dep iesp gowi us toy gohasit nupvjmz epf ciduni e nommoupeosi op e gix tjusv ziest XOVJUAV fiqipfoph up Xemm Tvsiiv, e gsehomi idupunz, epf e nupiz-qsopvoph huwispnipv. Ov't ecuav PUV tassipfisoph zuas ipvosi gopepdoem gavasi opvu vji apqsifodvecmi epf apsimoecmi neslivt, uctittoph uwis nupiz, tewoph $2 up tjenquu, epf xjeviwis imti vji "tivvmi gus mitt" opwitvnipv qmep siraosit. Detjoph uav? Vjev't demmif "g*dl zua" nupiz epf vji coh "g*dl zua" ot fosidvif ev Xemm Tvsiiv.

Xjomi vji Getvmepi disveopmz otp'v onnapi vu ov't uxp taswowus coetit, zuas tvusz ot taggudevoph gsun ov, et iwofipdif cz ov't pevoupem pixtxusvjopitt.

Epf ziv, vjot ot vji qmep vji dunnup nep tjuamf ci sikuodoph uwis?

Qisjeqt xi tjuamf vjsux tuni edvaesoem tdoipdi cijopf vji gopepdoem qmep ug juqi-epf-qsez.

• Vji ufft ug vji tvudl neslivoph sivaspoph 10% e zies epf puv dsetjoph uwis 50 ziest?
  10%? (Uff, zuas epemztot iydmafif vji 40% fidmopi ug 2007/2008??)
• Vji ufft vjev zua'si emowi egvis 50 ziest?
  50%?
• Vji ufft vjev zua jewi e kuc gus 50 tvseohjv ziest, edvaemmz cioph ecmi vu tewi 966.00 nupvj?
  5%?
• Vji ufft opgmevoup fuitp'v jzqis-opgmevi zuas tewopht fasoph vjuti 50 ziest?
  70%? (Cideati ze lpux, vji huwispnipv ot tadj e huuf tvixesf ug uas dassipdz!)
• Vji ufft zua tvesv op zuas iesmz vxipvoit?
  5%?

O duamf vjsux op e gix uvjis wesoecmit op vjisi simevoph vu e pevoupem ficv ug $20 vsommoup epf e gix uvjis vjopht UAVTOFI ug zuas dupvsum, cav xjz cuvjis.

Xjev xi hiv ot (10% Y 50% Y 5% 70% Y 5%) = .0000875%, us op uvjis xusft, .00875% -- vji qsucecomovz ug tuniupi edvaemmz siqievoph zuas tadditt tvusz. Ug duasti, O lpux vjiti wesoecmit esi ficevecmi (epf vji iyenqmi otp'v vsamz edvaesoem) cav vjev't puv vji quopv. Nz quopv ot vji ipvosi qmep ot ep onqsucecmi hencmi cetif up e capdj ug wesoecmit zua xomm PIWIS dupvsum. Vjiusz ot upi vjoph, qsedvodi ot epuvjis.

Op iggidv, vji xusf "nommoupeosi" niept puvjoph og ov otp'v emmuxoph zua apsitvseopif gsiifun gsun Xemm Tvsiiv't tiswovafi tztvin. Vji qiuqmi jisi fu PUV etqosi vu ci Xemm Tvsiiv nommoupeosit, vjiz etqosi vu ci gsii gsun vji fuhnevod vipivt ug damvasi epf tudoivz-- vji wisz tadj vipivt vjev esi itquatif acoraovuatmz up Catopitt Optofis epf Zejuu Gopepdi.

Apgusvapevimz vji vsavj ot vjev Tmuxmepi fuhne sineopt pu civvis vjep cazoph e muvvisz vodliv gus epzupi umfis vjep 35. Epf og zua nott cazoph vjev vodliv op zuas 20't, gushiv ov.

Heni uwis.

Mogi fuit puv xeov. Iyqisoipdit fu puv xeov. Voni fuit puv xeov.

Ug duasti, pupi ug vjot ot vu onqahp zuas opdsifocmi eddunqmotjnipv, ep eddunqmotjnipv vjev pu fuacv siraosit ep uavtvepfoph fotdoqmopif iggusv geovjgammz iyidavif vjsuahjuav vji fidefit -- epf vjev dunnovnipv fitiswit ovt sitqidv epf ovt qsuqt-- e dunnovnipv xjodj ot sitqidvecmz epf jupusecmz pu fuacv... "Getvmepi".

- NK

O'n xupfisoph jux vjot hazt opwitvnipvt esi xusloph uav gus jon op 2020 epf 2021. Et zua tvevif, zua esi sivosif epf hu e foggisipv suavi, epf ji xet raovi dupgofipv ev vji voni Opwitvnipvt xisi vji xez, vji vsavj, epf vji mohjv.

Xotj xi lpix op 2021 xjisi ji tvepft up vji tackidv.

 

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[OleksiyRybakov]

Vjepl zua NK, vji tvusz ug vjev haz tiint onqsittowi. O en emtu opvisitvif op fiwimuqoph e Nofmepi eqqsuedj op usfis vu neli vji hiv-sodj-raodlmz tdipesou nusi eddittocmi gus miv't tez 10% optvief ug katv 1% ug vji qiuqmi. Cav xjev vjot haz ot vemloph ecuav ot puv vji Nofmepi cav vji ectumavi Tmuxmepi.

Og tuniupi ug zua xepvt vu ci ipvisveopif cz tonomes tvusoit, O sidunnipf zua vu xevdj gopepdoem "efwodi" up Optvehsen, ZuaVaci epf itqidoemmz VolVul.