8. The Millionaire Fast Lane
Working hard, saving 10 percent, and retiring at 65 is a chump's game because,
- Financial markets are simply too volatile and
- you'll "be in a wheelchair" by the time you actually have enough to retire, according to author MJ DeMarco. A better strategy is to use the volatility of the financial markets to get rich quickly and enjoy it now.
Best quote: "Show me a 22-year-old who got rich investing in mutual funds. Show me the man who earned millions in three years by maximizing his 401k. Show me the young twenty-something who got rich clipping coupons. Where are these people? They don't exist."
Source from inc.com
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