Getting Rich Slowly Is the Worst Way to Get Wealthy
<p>The money gurus offer the worst advice in history: get rich slow.</p>
<p>They argue we can only <a href="https://timdenning.com/formula-to-get-rich/" rel="noopener ugc nofollow" target="_blank">get rich</a> slow and everything else is delusional. Whenever any finfluencer says to “shut up and wait,” the masses cheer loudly — like the person is Batman saving Gotham City from the Joker — and the social media post goes viral.</p>
<p>Here’s an example:</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:600/1*TKqdot6beI7E7Qe2BB7r4Q.jpeg" style="height:696px; width:600px" /></p>
<p>Image credit-Brian Feroldi via a social <a href="https://twitter.com/BrianFeroldi/status/1693972130755453413" rel="noopener ugc nofollow" target="_blank">post</a></p>
<p>1M views. Holy crap.</p>
<p>Wealthy people all laugh at this advice. They know it’s not true at all. We can get rich as fast as we want.</p>
<h1>The big problem with slow wealth (that no one talks about)</h1>
<p>The FIRE (Financial Independence, Retire Early) & <a href="https://timdenning.com/fatfire/" rel="noopener ugc nofollow" target="_blank">FatFire</a> movements have become popular over the last few years.</p>
<p>Gurus like Mr Money Moustache have peddled the wisdom that if you just work a job you hate for a long time, and invest in index funds, one day you’ll be rich enough to retire.</p>
<p>At the same time you should be frugal and act like a tightarse to your friends. I don’t buy this crap.</p>
<p>Trading happiness and freedom today for some future tomorrow is what the American Dream is built on.</p>
<p>It forces people to make bad decisions and ignore their short term happiness and desires. I prefer to live for now.</p>
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