Hi Folks!
I bought MJ's book based on a comment in Reddit, and I am glad I did! I have been sucking up all the information in the book for the past few days.
While we are all on a continuum and none of us are strictly on the sidewalk vs. the slow lane, I was amazed to see all the slow lane tendencies I have. For example, earlier this week I got a few thousand dollars in student loan disbursement (damnit 60k Masters Degree!). Thankfully I had read the chapter about the sidewalk....the first thought that came into my mind was "wow sweet now I can buy that road bike I've been wanting!". Wealth has equaled income plus debt for too long, and I think that this piece of information alone is worth reading the book (thankfully there is more good info
I am already thinking in different ways and am now thinking "Ok, debt is not bad as long as it increases my net profit/asset value by more than the amount of interest I am paying...how can I use this money to increase my business value?"
I will try to contribute as much as I can to the community and look forward to hearing all your stories.
I bought MJ's book based on a comment in Reddit, and I am glad I did! I have been sucking up all the information in the book for the past few days.
While we are all on a continuum and none of us are strictly on the sidewalk vs. the slow lane, I was amazed to see all the slow lane tendencies I have. For example, earlier this week I got a few thousand dollars in student loan disbursement (damnit 60k Masters Degree!). Thankfully I had read the chapter about the sidewalk....the first thought that came into my mind was "wow sweet now I can buy that road bike I've been wanting!". Wealth has equaled income plus debt for too long, and I think that this piece of information alone is worth reading the book (thankfully there is more good info
I am already thinking in different ways and am now thinking "Ok, debt is not bad as long as it increases my net profit/asset value by more than the amount of interest I am paying...how can I use this money to increase my business value?"
I will try to contribute as much as I can to the community and look forward to hearing all your stories.
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