The stock market could be in a slump when you need to retire, giving you 50 percent or less of your intended retirement funds. This method of saving is full of inherent, hidden risk that you cannot control. The slow lane is usually considered to be a safe path to retirement,ĭeMarco, however, makes an excellent point. Driving in the slow laneĭrivers in this lane are old-school: They work the same job for four decades straight, max out their 401(k) with an employer match, and cross their fingers that by the time they are retirement age they will have enough to retire. Anyone is a “sidewalker” who is stuck in the consumption mindset, and who pays little attention to setting aside savings. It does not matter how much they make – whether it’s $30,000 a year or $300,000 a year. They consume movies, social media, television, electronics, cars, etc., without ever producing anything of value themselves. People who drive here live paycheck to paycheck they always spend whatever they have in their account, and borrow to spend even more. This is the most crowded lane on the way towards financial success – and it is also the “worst” lane to be in. Get the audiobook version of “The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime” for FREE with Audible trial on Amazon today by clicking here!.
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