Show me the man who earned millions in three years by maximizing his 401(k). Show me a 22-year-old who got rich investing in indexed funds. So why do we give credence to this advice as a legitimate road that leads to wealth and financial freedom? Because the government, a podcast personality, and Goldman Sachs said so? Is the guy with the palatial beach estate and the $500,000 supercar on the driveway rich because he invested in mutual funds? Or clipped coupons from the local Super-Saver? Of course not. It’s a losing game, with your time wagered as the gamble. If you want to get rich and Get Rich Slow is your strategy, I have bad news. then someday, when you are, oh, 65 years old, you will be rich. Go to school, get good grades, graduate, get a good job, invest in the stock market, max out your 401(k), cut up your credit cards, and clip coupons. It’s called Get Rich Slow and sounds something like this: Those of us outside this demography are stuck with the traditional advice showered upon us by financial experts. We know that people who get rich young fall into a unique subset of society: pro athletes, rappers, actors, entertainers, and famous people. We’re smart enough to know that wealthy 22-year-olds aren’t rich because they diligently saved their paycheck from a job and stashed it away in an index fund. Big Daddy’s answer is preposterous and laughable. Suddenly, you hear a record screech off the turntable.Īs you can imagine, this scenario would never happen. Host: So, Big Daddyhoo, how can you afford all these gorgeous rides? And this mansion on the beach? It must have cost more than $20 million!īig Daddyhoo: Yo let me tell you dawg, Big Daddyhoo got rich chilling in low-cost index funds and popping phat money in my 401(k)s down at my Win-Go Wireless job. so, Big Daddyhoo, tell us about your rides!īig Daddyhoo: Yo dawg, we gotz the Ferrari 488GTB over there with the 22-inch rims, the sick Lamborghini Huracan over there with the custom 12-speaker stereo, and for those nights when I just wanna chillax with the ladies, the Rolls Royce Arnage does my do. Host: Today we visit 22-year-old Big Daddyhoo and his 8,000-square-foot crib here on the beautiful Atlantic coastline live from sunny Palm Beach Florida. Jodie Foster The MTV Cribs Episode that Never Happened Normal is not something to aspire to, it’s something to get away from. Wealth in a Wheelchair: Get Rich Slow is Get Rich Old Chapter 1 The Great Deception
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