Getting Rich Slowly Is the Worst Way to Get Wealthy
The index fund advice is wrong
The money gurus offer the worst advice in history: get rich slow.
They argue we can only get rich 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.
Here’s an example:
1M views. Holy crap.
Wealthy people all laugh at this advice. They know it’s not true at all. We can get rich as fast as we want.
The big problem with slow wealth (that no one talks about)
The FIRE (Financial Independence, Retire Early) & FatFire movements have become popular over the last few years.
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.
At the same time you should be frugal and act like a tightarse to your friends. I don’t buy this…
