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&nbsp;<a href="https://timdenning.com/formula-to-get-rich/" rel="noopener ugc nofollow" target="_blank">get rich</a>&nbsp;slow and everything else is delusional. Whenever any finfluencer says to &ldquo;shut up and wait,&rdquo; the masses cheer loudly &mdash; like the person is Batman saving Gotham City from the Joker &mdash; and the social media post goes viral.</p> <p>Here&rsquo;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&nbsp;<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&rsquo;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) &amp;&nbsp;<a href="https://timdenning.com/fatfire/" rel="noopener ugc nofollow" target="_blank">FatFire</a>&nbsp;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&rsquo;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&rsquo;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> <p><a href="https://medium.com/swlh/getting-rich-slowly-is-the-worst-way-to-get-wealthy-aa32a4d0a291"><strong>Visit Now</strong></a></p>
Tags: Rich Slowly