The Slowlane Roadmap Equation - Deepstash

The Slowlane Roadmap Equation

Wealth = (Primary Income Source: Job) + (Wealth Accelerator: Market Investments)

When in the Slowlane, you mindlessly trade your life for a paycheck.

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jacomichae

Scientific laboratory technician

An excellent book on how to create insane wealth and live a great life. M. J. Demarco shares the secret to becoming a millionaire at any age. And it is not the kind of advice you receive from financial gurus, parents, or friends.

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The Difference Between Income and Wealth

The Difference Between Income and Wealth

  • Income is earning money. Yes, it's the primary piece of wealth creation, but income itself is not wealth.
  • Wealth is having money. If you have a lot of money, you are rich. If you don't have much money, you're poor.

The worst effect of a recession

Losing your primary source of income is the worst effect since jobs are increasingly hard to find in a recession.

That is why it's essential to have a few months' salary in cash as an emergency fund.

Rich And Wealthy

By making wealth your priority now, you could be both later. Establish a strong financial foundation that will give you financial security and peace of mind moving forward. 

Living paycheck to paycheck is a guaranteed way not to build wealth.

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