tl;dr How, or at what rate do you extract wealth, and where do you put it?
Long One thing that slowlaners often have that fastlaners don't: the drive to save... to hold on to their money. This actually usually disgusts me, but...
Slowlaners are taught the religion of wealth accumulation. I feel they are taught wrong... (godforsaken tax savings plans, investment funds, etc...) but they are taught the religion nontheless and it worked for WWII gen and Baby Boomers.
My Harvard Business Grad uncle (3 years my senior) was a C level employee of a big tech company that was a close sibling of Level3. It was the dot com boom and he was offered any compensation plan that he liked as long as 50% was in stock options that vested in 5 years. The less he took in cash, the more the stock option plan multiplied. What did he do? He took almost no pay in cash, leaving it all in stock options. You know the rest of the story... dot com bust ate all the cookies. :'''(
The problem fastlaners face is the same. Take it all in stock options (re-invest in your company) or pay yourself today?
What do you do for wealth extraction, and how to you maintain it?
Long One thing that slowlaners often have that fastlaners don't: the drive to save... to hold on to their money. This actually usually disgusts me, but...
Slowlaners are taught the religion of wealth accumulation. I feel they are taught wrong... (godforsaken tax savings plans, investment funds, etc...) but they are taught the religion nontheless and it worked for WWII gen and Baby Boomers.
My Harvard Business Grad uncle (3 years my senior) was a C level employee of a big tech company that was a close sibling of Level3. It was the dot com boom and he was offered any compensation plan that he liked as long as 50% was in stock options that vested in 5 years. The less he took in cash, the more the stock option plan multiplied. What did he do? He took almost no pay in cash, leaving it all in stock options. You know the rest of the story... dot com bust ate all the cookies. :'''(
The problem fastlaners face is the same. Take it all in stock options (re-invest in your company) or pay yourself today?
What do you do for wealth extraction, and how to you maintain it?
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