D
DeletedUser84644
Guest
Warning: this is a criticism of the fastlane that will sound like I'm being a slowlaner retard and challenging some of what is being preached about it. If you are disgusted by things like that then please do not read this post or make non constructive counter arguments against what I'm saying. My only intention is to get feedback from people who are open to criticisms against what they believe in so that they can educate me on any misunderstandings I may have of it. I am in no way shape or form saying that not of what it says isn't true, but what I am critiquing is how the message is being made.
With that out of the way; The fastlane is not as fastlane as it's being preached to be and here's why: You have a very good chance of failing (90%), especially for people who have never ran or built a business that's worth millions, billions, or in some cases, trillions of dollars. Even more so for the vast majority of people who have been taught to think and be employees all their lifes. Those who succeed on their first try in entrepreneurship are the exception, regardless of what skills or resources they've had at the time. And that success comes with a lot of painful sacrifice, hardship, and time (A lot of time for the ones who had to fail multiple times). Which works exactly as how it should because not everyone can be rich, and the immense difficulty that comes with trying to achieve such goal is why there are so few people that are rich. But here's the problem, there's one precious asset that you have to be prepared to sacrifice a lot of that's the most painful one to sacrifice, and that is time. The fastlane is sold as you being able to get out of the rat race in not so many years if you pursue entrepreneurship, in 10 years or less, except that's not really how it works in reality because it assumes succeeding on the first try, it also assumes that the business venture you choose can be scaled to a meaningful exit in less than that time as well. And the ones that do succeed tend to be in their forties or older according to this Age and High-Growth Entrepreneurship - American Economic Association
So it's objectively clear that your odds of actually attaining true wealth doesn't happen until you're a lot older, in terms of probability if you're starting at a very young age (Late teens or early twenties). The fastlane works best for people who are middle age, not young or old people. Now even if people didn't do the fastlane, odds are, they're likely to be in the top 10% in their middle age (From their job). So what does this all mean? It's not as fast as it's being preached for young people. Hell just look at MJ's case, he had to fail several times in order to get there, while he was still young when he finally did get there at the age of 33, that's not as young as being in your twenties with wealth like the guy in MJ's wealth exposed story. So really this makes a young person like me wonder what's the point of even trying to get rich if in the end you won't end up having it while young anyway? You may as well just not pursue it with too much seriousness. Yes financial freedom should be strived for, but not to the point where you're constantly going through a ton of misery and suffering to get there to only realize that you've pissed away most or all of your youth to have freedom. While that's great at first, but in retrospect it will make you miserable and unhappy, and utterly regretful of what you had to sacrifice to get there. You'll have wished you spent more time enjoying life and not so much of it in being in a constant miserable grind. Even if you're a passionate Elon Musk you'll still be miserable. In conclusion this completely disproves the sold notion that you can have wealth at a young age in not so much time when in reality the average rich person got rich a lot later in life, simply because most young people do not have what it takes to succeed in business due to lack of experience and knowledge, it's the exception, not the rule. Doing so makes you a unicorn. MJ does mean well with what he preaches, but he is factually wrong to suggest that you can just get rich on the whim like that. No matter what methodology you use to get rich, it takes a lot of time. The "fastlane" granted is a lot faster than the stock market, but it's not as fast as it's being incorrectly preached. So in the end the fastlane is worth a try but only for so much and so long, otherwise it will break you.
With that out of the way; The fastlane is not as fastlane as it's being preached to be and here's why: You have a very good chance of failing (90%), especially for people who have never ran or built a business that's worth millions, billions, or in some cases, trillions of dollars. Even more so for the vast majority of people who have been taught to think and be employees all their lifes. Those who succeed on their first try in entrepreneurship are the exception, regardless of what skills or resources they've had at the time. And that success comes with a lot of painful sacrifice, hardship, and time (A lot of time for the ones who had to fail multiple times). Which works exactly as how it should because not everyone can be rich, and the immense difficulty that comes with trying to achieve such goal is why there are so few people that are rich. But here's the problem, there's one precious asset that you have to be prepared to sacrifice a lot of that's the most painful one to sacrifice, and that is time. The fastlane is sold as you being able to get out of the rat race in not so many years if you pursue entrepreneurship, in 10 years or less, except that's not really how it works in reality because it assumes succeeding on the first try, it also assumes that the business venture you choose can be scaled to a meaningful exit in less than that time as well. And the ones that do succeed tend to be in their forties or older according to this Age and High-Growth Entrepreneurship - American Economic Association
So it's objectively clear that your odds of actually attaining true wealth doesn't happen until you're a lot older, in terms of probability if you're starting at a very young age (Late teens or early twenties). The fastlane works best for people who are middle age, not young or old people. Now even if people didn't do the fastlane, odds are, they're likely to be in the top 10% in their middle age (From their job). So what does this all mean? It's not as fast as it's being preached for young people. Hell just look at MJ's case, he had to fail several times in order to get there, while he was still young when he finally did get there at the age of 33, that's not as young as being in your twenties with wealth like the guy in MJ's wealth exposed story. So really this makes a young person like me wonder what's the point of even trying to get rich if in the end you won't end up having it while young anyway? You may as well just not pursue it with too much seriousness. Yes financial freedom should be strived for, but not to the point where you're constantly going through a ton of misery and suffering to get there to only realize that you've pissed away most or all of your youth to have freedom. While that's great at first, but in retrospect it will make you miserable and unhappy, and utterly regretful of what you had to sacrifice to get there. You'll have wished you spent more time enjoying life and not so much of it in being in a constant miserable grind. Even if you're a passionate Elon Musk you'll still be miserable. In conclusion this completely disproves the sold notion that you can have wealth at a young age in not so much time when in reality the average rich person got rich a lot later in life, simply because most young people do not have what it takes to succeed in business due to lack of experience and knowledge, it's the exception, not the rule. Doing so makes you a unicorn. MJ does mean well with what he preaches, but he is factually wrong to suggest that you can just get rich on the whim like that. No matter what methodology you use to get rich, it takes a lot of time. The "fastlane" granted is a lot faster than the stock market, but it's not as fast as it's being incorrectly preached. So in the end the fastlane is worth a try but only for so much and so long, otherwise it will break you.
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