Showing quotes in randomized order to avoid selection bias. Click Popular for most popular quotes.
To create explosive wealth fast, you must abandon the Slowlane formula and its lecherous relationship to time. Wealth is built with time as an asset, not as a liability! Yet, the Slowlaner’s reaction to Uncontrollable Limited Leverage is predictable: They embark on an errant fight against the one variable they perceive as controllable — their intrinsic value. The Slowlaner argues, “I must make more money!” And that fight is fought futilely with an expensive education.
Consider the statistics. In 2007, the Washington Post reported that, according to Nellie Mae, the giant student loan service provider, when college students are seniors, 56% of them will have four or more credit cards with an average balance of $2,864. According to a research report by Demos-USA.org, a public policy research and advocacy organization, people in the 18–24 age bracket spend nearly 30% of their monthly income on debt repayment. This is double from twenty years ago. A survey of college borrowers found that the average college senior graduated with nearly $19,000 in student loan debts, and graduate degree pursuers more than $45,000. A 2007 Charles Schwab survey revealed that teenagers believe when they get older, they will earn an average salary of $145,000. The reality? Adults with a college degree earned an average of $54,000.
The Slowlane strategy is rooted in Uncontrollable Limited Leverage, or ULL (pronounced “yule”). If you need help remembering this important concept, just think, “If the Slowlane is your plan, ‘ULL’ never get rich.” Uncontrollable Limited Leverage is the disturbing evidence that proves the Slowlane’s futility. How do you get rich in the Slowlane? You get a great-paying job, save money, live frugal, invest in the stock market, and repeat for 50 years. If you mine this strategy into its mathematical constructs, you’ll find that the variables that define the plan cannot be controlled or leveraged.
A Slowlane guru preaches that a $10,000 investment grown at 15% will be worth over $2.5 million dollars in 40 years!!! Hooray!!! What don’t they tell you? They don’t tell you that a 15% return year-after-year is impossible unless you invest with Bernie Madoff or Charles Ponzi. They don’t tell you that in 40 years you’ll be dead, and if you’re not, you’ll be close. They don’t tell you that in 40 years, your $2.5 million will likely be worth $250,000 in today’s dollars and that a pack of gum will cost $6.00. They don’t tell you that this method of wealth acceleration is NOT what they use. They don’t tell you plenty, and yet you’re supposed to believe it without question.
Enhance Your Quote Experience
Enjoy ad-free browsing, unlimited collections, and advanced search features with Premium.
Become a worthwhile fiduciary to your fellow man and you will stop being worthless. Or we can suffer through another millennial idiot protesting corporatism, whereas afterward, he snapped an Instagram selfie wearing Nikes, hopped into the Prius his parents bought him, drove to Starbucks and bought a latte, and logged into his Facebook from his iPhone on a Comcast 5MB Internet connection, all while being smugly ignorant that everything in this entitled twit’s life was delivered by capitalism.
My opponents seemed to be fluent in genetics, molecular biology, and PhD-level horticulture. Played against me were words like “amitoses,” “auxins,” and “zoea”. After a quick search online, I found the stink’s source: the game is filled with cheaters. Turns out, there are multiple hacks giving *players,* and I use that term loosely, the best word to play given all options. After uncovering the scheme, I could only shake my head in disgust at my fellow humans.